Valley Bell Credit Union

“Board members Jan Bayer and Roy Bayer are married to each other.”

“The Organization's membership consists of individuals with funds on deposit with the credit union.”

“The membership participates in the annual election of the Board of Directors either by casting a vote at the annual meeting or voting by proxy.”

“The Form 990 was reviewed by the credit union president prior to filing.”

“Officers, directors and key employees are required to immediately disclose any situation which may be deemed a conflict of interest.”

“The credit unions makes its governing documents, conflict of interest policy, and financial statements available upon reuest.”

“The Credit Union's statement of financial condition and the related statements of income, members' equity, and cash flows were audited for the year ended September 30, 2014 in accordance with audit standards generally accepted in the United States. The audited financial statements contained the following foot note relating to income tax. The Credit Union was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(14). The tax exempt purpose of the Credit Union and the nature in which it operates is described in Note 1. Management believes the Credit Union continues to operate in compliance with its tax exempt purpose. The Credit Union had no unrelated business income in 2014 or 2013 that management believes is subject to taxation. Therefore no provision for income taxes has been made in the accompanying financial statements. The Credit Union's annual information returns filed with the federal government are subject to examination.”