Sharon & Crescent Credit Union

“Board members james mihos and david goodman have a business relationship.”

“The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

“Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise, or otherwise.”

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

“Form 990 is prepared by mcgladrey llp utilizing information provided by the cfo. The cfo and ceo review the completed form and a copy is provided to the board or directors prior to filing form 990 with the irs.”

“All new employees sign a form acknowledging they understand and will abide by the policies contained in the employee handbook, including ethics and conflicts policy. All employees are required to participate in an on-line ethics training program each year and pass a quiz.”

“The credit union utilizes survey data published by a third party source to establish salary ranges for all employees. The ceo recommends annual compensation adjustments for branch managers and officers to the personnel committee, which is comprised of board members. The personnel committee recommends compensation adjustments for the ceo, branch managers, and officers for vote.”

“The financial statements are posted annually at the main office, headquarters building, and each branch locations. The governing documents and conflicts of interest policy are available upon request for the same period of disclosure as set forth in section 6104(d).”

“Equity acruired in merger 674,071.”