Consol Employees Credit Union

“As defined by the Federal Credit Union Act, each accountholder is considered a voting member.”

“As required by the Federal Credit Union Act, each credit union is required to hold an 'Annual Meeting' each year where the members present will elect the Officers, Directors, and Committee Members that represent the entire credit union membership.”

“When the need for a bylaw amendment arises, a 'Special Meeting' of the membership needs to be called and the members present will vote on the bylaw amendment.”

“A copy of Form 990 will be reviewed by the Board of Directors at their regular monthly meeting following the completion of Form 990 prior to its submittal.”

“All employees, volunteers and officers of the credit union are required to complete and sign a Business Ethics Disclosure that states they do not have any conflicts of interest, and if they do, they must be disclosed.”

“The President and the entire Board of Directors will review each employees performance annually. The employees evaluation will determine their wages for the upcoming year. The Board of Directors conducts a salary review that compares the credit union staff to the salaries of employees at similar sized institutions.”

“A copy of the credit unions Policy Manual is on file at the credit union office for any member to review. Also, the credit union posts its most recent financial statement in the office for anyone to review.”

“Additional Miscellaneous Operating Expenses”

“This amount represents the fluctuations in members deposit accounts during the year.”