Credit Union of the Berkshires

“Persons who meet the requirements of the organization's field of membership who hold at least one share of the capital.”

“Each member has a vote at the election of the board of directors.”

“The form 990 is reviewed by the ceo/treasurer prior to e-filing. The chairperson of the audit committee and chairperson of the board review the form 990 prior to the next board meeting. A certification page is signed. The verification process is documented in the board minutes on july 28, 2021. Due to the timing of the completion of the return and the board meeting the return may be approved by the board subsequent to filing.”

“The credit union requires its employees to disclose conflicts of interest immediately when they arise, not annually. The conflict of interest policy is approved by the board of directors. A copy of the employee handbook is distributed to each employee. Each employee must sign they have received and understand its content.”

“The budget sub-committee is charged with recommending compensation for all employees including the ceo. The ceo has an annual performance evaluation completed by the board of directors. Compensation is based on performance and industry. The budget committee's recommendation is submitted to the board of directors for acceptance and change.”

“The budget sub-committee is charged with recommending compensation for all employees. Their recommendation is forwarded to the board for acceptance and change.”

“Information is available at the credit union upon request. Financial statements are posted monthly in the lobby.”

“Merging equity -2,288,421 credit union of the berkshires merged (was acquired by) with greylock federal credit union during the year.”