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 calendar year where the members present will elect the credit unions' Officers, Directors and Committee Members that represent the credit union members.”

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

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

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

“The entire Board of Directors reviews each employees performance annually. Each employees annual evaluation will determine their wages for the entire year. The Board of Directors conducts a salary review each year where they compare the staff salaries to the salaries of employees at similar sized credit unions.”

“A copy of the credit unions' policy manual is on file at the credit union office for any member to review. Also, a current financial statement is always on display for anyone to view.”

“Additional miscellaneous operating expenses”

“This amount represents the fluctuation in members deposit account balances for the period.”