Dexter Credit Union

“The organization is a credit union that is owned by its members.”

“The organization has members who may elect the members of the board of directors.”

“The governing body's decision as to the amount paid for director and committee fees are subject to approval by the members of the organization.”

“Form 990 was provided to the supervisory committee, chief executive officer, and chief financial officer for review before it was filed.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy through an acknowledgement agreement and certification with the directors and committee members. This standards of fiduciary responsibility and code of conduct policy is signed and dated by each director/committee member and retained on file.”

“The process for determining compensation of the organization's chief executive officer and top management officials includes a review comparability data and approval by independent persons.”

“The organization makes its forms 1023, 990, and 990-t available upon request.”

“The organization makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are made availabe to the public as posted in the lobby on a monthly basis.”

“Indirect lending fees : total expenses 123,888. Loan servicing : total expenses 106,436. Ncusif insurance premium : total expenses 82,467. Atm expenses : total expenses 76,518. Fnma risk adjustment : total expenses 74,869. Maintenance contracts : total expenses 61,786. Postage : total expenses 55,177. State taxes on deposits : total expenses 52,135. Office supplies : total expenses 44,356. Lsi insurance : total expenses 31,818. Telephone : total expenses 29,036. Other real estate owned expense : total expenses 22,679. Visa check card expense : total expenses 22,251. Credit union fees : total expenses 20,567. Network charges : total expenses 19,336. Ricul dues : total expenses 17,047. Alm report fees : total expenses 13,850. Dda department expense : total expenses 11,614. Dues and subscriptions : total expenses 6,067. Safe deposit : total expenses 784.”

“Other comprehensive income - net pension benefit obligation 197,988.”

“The organization has a committee which assumes responsibility for oversight of the financial statement audit and selection of independent accountants. This process has not changed from the prior year.”