Members First Community Credit Union

“Yes. The credit union is member owned. The members have an annual meeting and the board of directors are voted on by the members”

“The governing body is elected from and by the membership annually.”

“From time to time, certain decisions will be presented to the membership for a vote, which are then determined on a case by case basis.”

“Copies of the final form 990 and schedules were supplied to each board member prior to being filed with the irs. Board members were asked to review the return individually and to contact the return preparer, other board members, or executive officers with any questions or concerns.”

“Board members review individual conflicts of interest statements. If there was a conflict of interest the person would have to remove himself from voting power. Each board member also signs a conflict of interest policy annually.”

“The board reviews compensation annually, and utilizes compensation studies and the recommendation of a compensation committee.”

“The credit union's governing documents and financial statements are available to the public upon request.”

“Part iv line 12 the credit union had an independent audit performed during the year, but it was for a different fiscal year-end than the tax year-end.”

“The members of the credit union's board donate their time to serve on the board. The board members attend monthly meetings and perform procedures to check different aspects of the credit union's daily activities. No compensation is received for serving on the board.”

“Line 4a total loans in this section are 41,047,486, which represents the gross amount. Loans net of the allowance for loan losses of 171,538 total 40,875,948.”

“Visa apollo fees 89,898 0 0 share dividend 80,455 0 0 term share dividends 41,826 0 0 loss on sale 40,921 0 0 bad debts/share drafts 35,446 0 0 refund foreign 32,301 0 0 cumis bond 30,381 0 0 service fees - midstates/ 23,123 0 0 real estate taxes 22,200 0 0 ira dividends 21,213 0 0 hsa dividends 20,878 0 0 collection exp 19,082 0 0 credit bureau 18,673 0 0 ultimate check 18,358 0 0 icul dues 14,676 0 0 armored car service 13,775 0 0 money market dividends 13,199 0 0 debit/cc charge back w/of 9,757 0 0 equip maintenance 9,131 0 0 loan expenses 8,864 0 0 business checking 6,526 0 0 share draft processing fe 4,389 0 0 employers self insured ex 3,000 0 0 federation of 2,625 0 0 ira service fees 2,472 0 0 special shares 2,035 0 0 closing exp 1,671 0 0 club account dividends 1,283 0 0 car fax 722 0 0 title fee exp 609 0 0 cu company closing -35 0 0 cash over/short -978 0 0 total 588,476 0 0”

“Book / tax depreciation difference 1”

“Line 2b the credit union had an independent audit performed during the year, but it was for a different fiscal year-end than the tax year-end.”