Jeanne Darc Credit Union

“Jeanne d'arc credit union membership is available to anyone who lives, works, or attends school in middlesex or essex counties, the cities or towns of fitchburg, leominster, harvard, lunenburg or lancaster, or the new hampshire counties of hillsborough or rockingham. The members vote for the board of directors at the annual meeting and vote on any business brought before them at the annual meeting.”

“Jeanne d'arc credit union membership is available to anyone who lives, works, or attends school in middlesex or essex counties, the cities or towns of fitchburg, leominster, harvard, lunenburg or lancaster, or the new hampshire counties of hillsborough or rockingham. The members vote for the board of directors at the annual meeting and vote on any business brought before them at the annual meeting.”

“Jeanne d'arc credit union membership is available to anyone who lives, works, or attends school in middlesex or essex counties, the cities or towns of fitchburg, leominster, harvard, lunenburg or lancaster, or the new hampshire counties of hillsborough or rockingham. The members vote for the board of directors at the annual meeting and vote on any business brought before them at the annual meeting.”

“A full copy of form 990 is provided to the board of directors for review before filing.”

“Each year the code of ethics, which incorporates the conflict of interest policy, is updated and ratified by the board of directors. The code of ethics pertains to employees as well as the board of directors. Annually, all employees and board members sign an acknowledgement that they have received and read the code of ethics. Further, all employees and board members must identify, in writing, all deposits and loan accounts in which they have a related interest. Loans granted to senior management, directors, or their related parties must be approved by the board. If the loan is for a board member or his/her related interest, the board member is recused from the vote.”

“Board review of officer compensation the credit union's board of directors assigns responsibility to the board's personnel committee for the preparation of a verbal performance evaluation of the credit union's president. The personnel committee is comprised of independent directors. The personnel committee will then present the written evaluation to the full board, along with a recommendation for compensation. The compensation level is based on a combination of the president's perceived value to the credit union and job performance. Based on the personnel committee's recommendation, the full board approves the president's compensation. For members of senior management, written performance evaluations are prepared by the president. The board's chairman approves total compensation for all officers. No other board directors are involved in the compensation discussions for senior management. Compensation is based on the value to the credit union and job performance. The credit union also utilized the third party independent consultant to review and analyze the officers' compensation for 2020.”

“The credit union's bylaws, code of ethics, conflict of interest policy, etc. Are available for inspection at the credit union's annual meeting or available at anytime upon a member's request. The credit union's privacy policy is mailed to each member annually. When there is a change to our policy, a statement of change is made annually on account statements sent to members. The credit union's call report (5300) data is available to the general public via the ncua's website.”

“The jeanne d'arc credit union statements are audited by crowe horwath, llp, a certified public accounting firm. The financial statement year end is december 31st. The jeanne d'arc credit union by-laws require an audit committee made up of board members to review the audited financial statements and assure that any findings by the auditors are implemented.”