Industrial Credit Union

“Form 990 part vi section a line 2 - roy campana president and joseph donato director and paul mcdonald are brothers in law. Total unrelated business income was only 144.00. The 144.00 was from atm fees. It was well below the 1000. Form 990 part vi section a line 7 - at the annual meeting the members of the credit union vote directors for a 3 year term. Form 990 part vi section a line 7b - an annual meeting is held. At the meeting information is made available regarding decisions made and the financial condition of the credit union. Form 990 part vi section b line 11 - form 990 is reviewed by senior management and the audit committee. The audit committee reports to the board regarding completion and submission. Form 990 part vi section b line 15 - compensation for the ceo officers top management and all employees is reviewed by the board of directors at their monthly meetings. Form 990 part vi section c line 19 - governing documents policies and financial reports are made available to the public upon request. The monthly financial statement of condition is posted inthe lobby and is available online on the credit union website. Www.icu.org”

“Form 990 part xii line 2c - the audit committee is responsible for the oversight of the annual audit compilation of the financial statements and the selecton process for accounts vendors and auditors.”

“Line 31 & 32. At the close of business on may 31 2015 industrial credit union merged into webste first federal credit union. All assets and liabilities were transferred from industrial credit union to webster first federal credit union. All employees were retained as a result of the merger.”