Diamond Credit Union

“A member is anyone who lives, works, worships, regularly conducts business, or attends school in berks county and the tri-county region. A member is required to purchase and maintain the minimum required share(s) (membership share $5.00).”

“All members in good standing who are at least 16 years of age receive one vote.”

“Decisions requiring approval of members, as described in part vi, section a, line 7a, are as follows: members of the governing body charter or name change merger”

“The accounting manager and vice president of human resources review form 990 to ensure information provided has been properly reported. Additionally, the cfo reviews form 990 to ensure proper reporting.”

“Diamond credit union annually distributes, discusses, and receives back signed acknowledgements of bank bribery act policies.”

“The personnel committee, which consists of a sub-set of board members, obtains the expertise of an independent compensation consultant and also industry compensation surveys and studies to establish the compensation which is then presented to the board for final approval.”

“The organization's form 990 is available upon request.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization did have instances where backup withholding was required in the amount of $21.60 and has been reported according to reporting requirements.”

“The oversight process of the audit of the financial statements and selection of an independent accountant has not changed from prior years.”

“The organization received an audited financial statement for the fiscal year ended june 30, 2024. The organization's form 990 is prepared for the calendar year ending december 31, 2024. The reconciliations of revenue and expenses per audited financial statements with revenue and expenses per return were not completed due to the difference in reporting years.”