Fieldstone Credit Union

“8b - documentation by committee explanation the credit union records minutes at the alco, supervisory and executive committee meetings, however they do not record minutes at any other committee meetings.”

“The credit union is a state of illinois chartered credit union. Membership is open to individuals who live, work or worship in the boundaries south of i-80, east of illinois route 47, north of illinois route 24, and west of the indiana state line.”

“The organization follows the standard bylaws as set forth by the state of illinois. The number of directors of this credit union shall be 9. The directors shall be elected each year at the annual meeting of the members held in accordance with article iv of the illinois credit union act - rules and regulations - standard bylaws. The directors, unless sooner disqualified or removed, shall hold office for the term of office for which elected and until their successors are elected and shall have been qualified.”

“The 990 is presented to the organization before it is filed. Management reviews the 990 before submission.”

“Directors, supervisory committee members and employees sign a code of conduct in which they agree to avoid conflicts of interest or disclose them to the board, which is the credit union's means of monitoring and enforcing the conflict of interest policy. This is done at the time of hire, election or appointment.”

“The credit union has a process in place that determines compensation of the management and key employees which includes a review and approval by independent persons, comparability data and is recorded in the minutes.”

“Governing documents are not openly available to the public. They are made available only upon request.”

“Fieldstone credit union exists to meet the changing financial needs of our membership by providing fair and competitive services while maintaining long-term financial security for the credit union and its members.”

“Culs servicing expense 53,314 0 0 corp cu/bank billing 50,707 0 0 virtual branch 49,970 0 0 insurance bond 39,065 0 0 mobility phone app 37,426 0 0 outside services 37,080 0 0 share draft expense 35,059 0 0 dfi exam 21,884 0 0 plastic card fraud 17,117 0 0 maintenance of furn&equip 17,068 0 0 credit bureau 15,234 0 0 association dues 14,200 0 0 collection expense 10,392 0 0 armored car 8,261 0 0 allied first mortgage fee 4,886 0 0 donations & cash ovrshrt 4,154 0 0 he/fha processing fee 4,014 0 0 audio response expense 3,977 0 0 community reinvestment 3,000 0 0 ira expense 2,339 0 0 phh servicing fee 1,800 0 0 total 430,947 0 0”

“The supervisory committee is responsible for overseeing the audit.”