Emerald Credit Union

“The credit union is comprised of a single class of approximately 3,634 member-owners, each of which has equal rights in ownership, governance and voting rights at the annual meetings, with the exception of the member-owners who are elected to the board of directors.”

“The member-owners of the credit union have the authority to elect the members of the board of directors for 3-year terms on a rotating basis. Candidates are elected by a simple plurality vote. The board of directors appoints volunteers to serve on the supervisory committee, which is vested with monitoring safety and soundness of the organization.”

“Prior to being filed with the irs, a copy of the irs form 990 and related schedules are reviewed by the ceo, including a confirmation of accuracy of every answer and oversight of appropriate changes. Upon completion of the president's review, the forms will be provided to the board of directors.”

“The policy is reviewed annually with the board and employees, and each person signs an acknowledgement form of the policy. The employees and board members review and sign off on the policy every year.”

“The compensation of the ceo is based on a performance review and research of peer group compensation. An independent salary committee conducts research and makes a recommendation to the board of directors who then act upon it.”

“Financial statements are posted in the lobbies of all locations. Governing documents and policies are available to members upon request.”

“To provide lending, savings, and other financial services to its qualifying members at terms generally better than available in the marketplace and with a service-based emphasis that recognizes the members' status as owners.”

“Atm/debit processing 190,324 0 0 professional / outside fees 77,270 0 0 total 267,594 0 0”