Ohio Credit Union League

“The organization has members.”

“The code of regulations of the organization establishes a 9-member board of directors elected by the association membership. The board election process is conducted annually as 3-year board seat terms expire (three in each annual election cycle). As of december 31, 2024, the organization had one vacant seat.”

“Limited governance authorities are reserved to the membership of the organization, including: electing representatives to the board of directors, calling a special meeting of the membership, amending the code of regulations, and dissolution of the organization.”

“Form 990 is prepared by the cpa firm retained for audit/review and tax requirements annually. In preparing the 990 filing, the cpa firm works with plexcity staff and ocul management. Upon completion the form 990 is made available for review by the finance committee and the board of directors prior to filing by posting to the organization's online governance portal. In addition, the 990 filing is incorporated into the next scheduled meeting of the board of directors.”

“The executive committee, in collaboration with the ceo, and with the advice of outside legal counsel, as necessary, is responsible for overseeing and implementing the organization's conflict of interest policy. The employees are required to notify the organization of any financial interest they or their immediate family have in a firm that competes with or does business with the organization or any affiliate.”

“The board of directors retains an independent consultant to conduct an executive compensation and benefits review every three years. The consultant provides a written summary of their findings to the board who may take action based on the report.”

“Available to the public upon request, for the same period of time as set forth in the internal revenue code section 6104(d).”

“The organization's employees are paid through collaborative office solutions, llc (ein 27-1415599), a professional employer organization.”

“Non-deductible contributions may be included in the dues paid by the members of the organization. Because all of the members are not for profit credit unions, these contributions are not deductible by them. Because of this, no statement is required.”

“Other professional fees 488,529.”

“The organization has a committee that assumes responsibility for the oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”