Sherwin Williams Employees Credit Union

“Membership consists of individuals with funds on deposit with the Credit Union.”

“The membership participates in the annual election of the Board of Directors.”

“The 990 is reviewed by the credit union manager prior to filing.”

“All salary matters are subject to the review and approval of the salary committee.”

“Governing documents available upon request. Financial information is publicly available from the National Credit Union Administration.”

“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 June 30, 2016 in accordance with audit standards generally accepted in the United States of America. The audited financial statements and interim audit reports were reviewed by the Credit Union's Finance Committee. FIN 48 Note to the June 30, 2016 Audited Financial Statements: Sherwin Williams Employees 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 above. Management believes the Credit Union continues to operate in compliance with its tax exempt purpose. The Credit Union had no unrelated business income that management believes is subject to taxation. The Credit Union's 2013, 2014 and 2015 annual information returns filed with the Internal Revenue Service are open to examination.”

“For the first part of the the year, the Credit Union used ADP TotalSource CO for payroll services. Payroll tax returns were filed by ADP using their FEIN (#84-1185682). Payroll tax returns for the second part of the year were filed usnig the FEIN of the Credit Union.”

“Consulting 3,302. Security 51,666. Data Processing 107,912. Payroll processing 15,434. Pension administration 240.”