Fieldstone Credit Union

“8b - documentation by committee explanation the credit union records minutes at the alco 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.”

“Share draft expense 38,396 0 0 visa fraudulent loan loss 32,796 0 0 virtual branch 31,453 0 0 insurance bond 29,367 0 0 credit bureau 23,276 0 0 atm machine expense 17,338 0 0 collection expense 15,960 0 0 dfi exam 15,778 0 0 association dues 12,811 0 0 he/fha processing fee 12,419 0 0 outside services 12,293 0 0 maintenance of furn&equip 10,468 0 0 armored car 10,253 0 0 audio rsponse expense 10,050 0 0 allied first mortgage fee 7,632 0 0 phh servicing fee 6,500 0 0 member united bank bill 5,734 0 0 mobility phone app 2,827 0 0 ira expense 2,673 0 0 donations & cash ovrshrt 1,140 0 0 total 299,164 0 0”

“Management reviews the audit”