Chicagofirst Association

“Membership consists of entities that conduct business in the Chicagoland area and are one of the following: * a registered broker-dealer under the Securities Exchange Act of 1934; * a registered futures commission merchant or otherwiase exempt from registration under the Commodities Exchange Act; * a registered national securities exchange or securities commission; * a registered contract market; * a registered clearing agency; * a registered derivatives clearing Organization; * a bank or trust company that is organized under the laws of the United States or a state thereof, and is regulated and examined by federal and state authorities having regulatory authority over banks and trust companies; * a bank or trust company that is organized under the laws of another country other than the United States and has a federal or state branch or agency located in the United States; * an insurance company that is regulated and examined by a state authoriity(ies) having regulatory authority over insurance companies; * any other person deemed eligible by the Board of Directors.”

“Pursuant to Association bylaws, the members elect the board to staggered three-year terms. Also pursuant to the bylaws, the members elect the chair and vice-chair to one year terms.”

“The 990 was reviewed by the Executive Director, Treasurer, and Accountant. Prior to filing the return, it was presented to the Board of Directors for review.”

“Form 990, Part VI, Section B, line 15: Compensation - Association bylaws stipulates that the Executive Director must be compensated pursuant to a written agreement approved by the board of directors.”

“The Organization is not required to make financial statements and governing documents available to the general public.”