Illinois Community Credit Union

“The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

“Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, or as vacancies arise, or otherwise.”

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of members of the credit union as they occur.”

“The ceo and cfo review form 990 prior to filing with the irs.”

“The policy is reviewed annually as part of the periodic review of policies. The policy is silent on voluntary disclosure. It instructs directors and employees to avoid situations that may give rise to a conflict. A conflict at the board level would be reported to either the supervisory committee chair or the ceo. The supervisory committee is responsible for determining if a conflict of interest exists. Should a conflict of interest ever exist the conflicted individual shall excuse themselves from any decision making.”

“Ceo compensation is determined by a board compensation committee, comprised of three directors. Industry data and peer group information is evaluated, and the current economic conditions are considered. Key employee compensation is determined by the ceo, who uses current industry data and individual performance metrics for determining compensation.”

“The governing documents, financial statements, and policies of the credit union are available upon request for the same period of disclosure as set forth in section 6104(d). Financial information is posted in lobbies at all locations each month.”

“Transfer of assets to credit union 1 during the merger -12,246,306.”