Cu Savers Inc

“The organization has members. For a one-time fee of $10, members gain access to financial educational resources including publications, podcasts, calculators and live financial counseling. Additionally, the $10 membership fee entitles cusavers members to become members of gte federal credit union (sponsor of cu savers, inc.) and take advantage of its financial products and services.”

“Members of cu savers, inc. Are entitled to membership at gte federal credit union, sponsor of cu savers, inc. Members of gte federal credit union have the right to approve the election and removal of members of gte federal credit union's board. The members of gte federal credit union's board of directors have delegated oversight of cu savers, inc. To the president and cfo of gte federal credit union.”

“A third party cpa firm is retained to prepare form 990 for cu savers, inc. A completed draft form is reviewed by members of the management team at gte federal credit union including either brad baker or brian best. Any necessary revisions are made and the form is filed.”

“Cu savers, inc. Does not have employees. Rather, the sponsor, gte federal credit union, shares its employees to carry out the objectives of cu savers' exempt function under a cost reimbursement and service allocation agreement. The employees of gte federal credit union sign a conflict of interest agreement upon being hired and are asked on an annual basis to disclose possible conflicts of interest regarding the oragnization as a whole, which includes cu savers, inc.”

“Cu savers, inc. And sponsor gte federal credit union have entered into a cost reimbursement and service allocation agreement addressing the sharing of certain expenses including but not limited to salaries and benefits of employees, bookkeeping, accounting, and marketing. Under this agreement cu savers reimburses gte federal credit union for use of its employees based on time spent and an agreed upon rate.”

“Governing documents are not made available to the public. Conflict of interest policy is not made available to the public. The organization's financial statements are available for public viewing upon request.”

“The financial condition and activities for cu savers, inc. Is included in the consolidated financial statements of its sponsor, gte federal credit union. The sponsor's supervisory committee is charged with oversight which includes the hiring of an independent firm to perform the annual opinion audit. There were no changes in the process of the committee that assumes responsibility of the oversight of the audit and selection of the independent auditor.”