All One Credit Union

“All one credit union amended its bylaws to expand the demographic footprint for membership eligibility.”

“All one credit union has members as specified by its bylaws.”

“All one credit union members have the power to elect the members of the governing body.”

“All one credit union members have the power to elect and remove members of the governing body.”

“All one credit union does not have any committees with authority to act on behalf of the governing body.”

“The vice president/treasurer and chief financial officer will review the form 990 before filing it with the internal revenue service. A copy is also provided to the board of directors prior to filing with the internal revenue service.”

“All one credit union's conflict of interest policy is part of the ethics policy. The ethics policy covers all directors, officers, and employees of the credit union. Employees may not accept gifts or gratuities of more than a nominal value ($100), from vendors and service providers except in moderation and consistent with accepted goodwill-building practices. If the credit union employee is offered or receives something of value that exceeds the nominal value ($100) that is authorized in the written ethics policy, the credit union employee must disclose that fact to the vp human resources & development. The vp human resources & development will keep contemporaneous written reports of such disclosures and advise the employee what should be done with the gift. In no instance may an employee's personal transactions create a conflict of interest or potential conflict of interest. Officers and employees who benefit directly or indirectly from a credit union loan may not participate in the approval process. Employees are not permitted to transact payment or advances, process, verify, underwrite, or approve any loan requests of immediate family, household members, personal friends, or where they may have a personal interest or act as a joint owner or co-maker. Ultimately, credit union management consistently monitors for conflicts of interest. Employees are required to sign the ethics policy (which contains the conflict-of-interest policy) annually, agreeing to self-report apparent conflicts of interest to their respective managers. If a conflict of interest is discovered by management (or the employee self-reports), then the employee's manager, in coordination with the vice president of human resources, will review the situation and require the employee to return the gift or take other action which is warranted by the specific situation.”

“All one credit union's (the credit union) compensation committee is the governing body that reviews and approves compensation programs. Compensation committee meeting minutes are recorded, as are board of director meeting minutes, to document all discussions and decisions made regarding compensation. The compensation committee, in conjunction with an outside consultant, reviews and approves the salaries of the president and chief executive officer on an annual basis each december. The credit union works with an outside compensation consulting firm to review job levels for all officers and employees and pre-determined salary ranges for each position. The levels and salary ranges are compared to salary surveys purchased by the credit union, which contain compensation data on similar positions at other financial institutions and are used to assess the appropriateness of any compensation adjustment recommendations. Human resources compares roles and compensation levels within the organization before approving any adjustment recommendations to ensure they are appropriate and equitable on an annual basis each february.”

“All one credit union makes its governing documents and audited financial statements available to the public upon request in the same time and manner as other disclosures required under internal revenue code section 6104. The conflict of interest policy is not made available to the public.”

“All one credit union's oversight and selection process has not changed from the prior tax year.”