First Northern Credit Union

“Membership eligibility requirements are documented in the organization's by-laws. Membership is achieved by maintaining a common share deposit account of $5.00 or greater.”

“Credit union holds a meeting of the entire membership annually, at which the membership elects the members of the board of directors to one year terms. All eligible members of the credit union are invited to attend the meeting and vote.”

“Form 990 is reviewed for accuracy by the credit union's vice president of finance/accounting prior to being submitted to our external auditors for electronic filing.”

“Annual conflict of interest policies are distributed to all employees and directors by the credit union's internal auditor. All forms are to be signed and returned to internal audit, who are responsible for maintaining all records. Data included on forms is reviewed and tested by internal audit on an on-going basis.”

“Independent consultant is used to establish and maintain grade levels and salary ranges within each grade. Overall merit increase is submitted by the compensation committee to the board of directors for approval annually. Individual salary increases for other officers and key employees are determined by the employees' individual performance appraisals. Ceo salary is established by the board of directors annually.”

“Governing documents and conflict of interest policies are available to our membership upon request. Financial statements are available to our members and the general public via the ncua's web site. Additionally, year-end financial statements are provided to the membership via our published annual report.”