Grafton Suburban Credit Union

“Credit Union members have the right to elect the members of the governing body. Credit Union members also receive a share of the organization's profits in the form of dividends on deposit/share accounts.”

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

“Members of the Credit Union have the right to approve the election and removal of members of the governing body as well as other matters that are subject to the approval of the members of the Credit Union as they occur.”

“All information in the 990 is prepared and reviewed by the CFO for accuracy. Form 990 is then reviewed with the CEO prior to being distributed to the Audit Committee of the Board of Directors. After distribution to the Audit Committee the Form 990 is filed.”

“Upon hire, each employee receives a copy of the employee handbook which contains the Credit Union's Conflict of Interest and other policies. The policies are reviewed with the new hire and the employee signs an acknowledgement of receipt and understanding of the handbook and the policies contained therein. Management is vigilant in observing the potential for conflicts of interest and addresses any situation that may turn into a potential conflict. The Board of Directors is provided with the Director Policy on Conflicts of Interest on an annual basis. Each Director is required to review the policy and return a signed acknowledgement that they have read and understood the policy and agree to comply with its requirements.”

“Every employee role is graded and scored using a structured compensation system called Compease. The system is a product of HRN Solutions. Each position grade has a corresponding salary range. The HR Director also surveys local financial institutions from time to time to confirm that the Credit Union's compensation structure is in line with comparable positions in the local financial institutions industry. In the case of the CEO, an HR professional was consulted to advise the Board of Directors on compensation and benefit packages for CEO's of financial institutions of comparable size to the Credit Union.”

“Financial statements are posted in the lobby of the branch office. Financial statements are also available on the internet at the website of our federal regulator - the National Credit Union Administration. Governing documents and the Conflict of Interest Policy are available to the public upon request.”