Consumers Cooperative Credit Union

“12) our cpa perfomrs our annaul audit with a year end date of september 30”

“3) we have members and are member owned. All members can vote at the annual meeting in person or by proxy. The annual meeting is held in march where we vote for the board of directors. 7a) membership elects the board of directors at the annual meeting in march. Each director is elected for a three year term. 7b) changes to the by-laws can be completed during a monthly board of directors meeting. To be approved at the board meeting they must have a 23 majority vote. If the vote does not have the 23 majority vote than a board member may ask for a change of the by-laws at the annual meeting. The vote will then take place. If the vote passes at the montly board meeting with the 23 majority vote at the next annual meeting the chairman must notify the membership of the by-law change. 11) the 990 report was reviwed by the executive committee- chairman vice chairperson treasurer secretary and supervisory committee chairman 12 c) reviewed by the presidentceo senior management (vp's of f&i lending it marketing commercial loans operations and project management) hr director chairman of bod and supervisory committee chairman 15 b) the bod performs the review of the presidentceo. The executive committee writes the performance review with input from the board. The bod gives authority to the presidentceo to perform all other employee reviews. All reviews are completed by the department manager and reviewed by the vp that over see's that area the hr director and the presidentceo.”

“15 b) the executive commitee and the presidentceo set the annual salary increases based on studies from cuna and the budget. At the organizational meeting held in march after the election for the bod the board approves the following positions presidentceo senior vp vp f&i vp marketing vp lending vp it vp project managment vp operations and vp commercial lending. 19) given upon request by the presidentceo or vp f&i for review at the round lake beach office. Monthly financial reports- balance sheet and income statement are posted in each branch office lobby. Financial results are posted monthly on our web site www.myconsumers.org”

“9) other comprehensive income for our pension plan”

“2 c) supervisory committee”

“Iv 2a) we sell first mortgage loans to fannie mae and retain the servicing. We hold the re taxes and insurnace in escrow and pay them for the members when they are due. We hold the daily remittences for the payments and transmit them to fannie mae the following business day.”

“All directors are volunteer and independent. They must be members of the credit union for 1 year to be elected to the board of directors. The executive committee does not contain any members that are not on the board of directors.”

“We currently have 11 board of directors- as our 12 board member re-signed. They will be replaced at the next annual meeting when we have our board of directors election”