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 54,371,993, which represents the gross amount. Loans net of the allowance for loan losses of 497,990 total 53,874,003.”

“Visa apollo fees 154,468 0 0 term share dividends 58,877 0 0 ultimate check 48,114 0 0 refund foreign 46,407 0 0 bad debts/share drafts 45,256 0 0 cumis bond 38,791 0 0 share dividend 34,670 0 0 non-member dividend 34,668 0 0 hsa dividends 30,412 0 0 credit bureau 25,733 0 0 real estate taxes 22,200 0 0 collection exp 18,791 0 0 ira dividends 16,980 0 0 service fees - midstates/ 16,730 0 0 icul dues 14,800 0 0 armored car service 12,668 0 0 debit/cc charge back w/of 10,870 0 0 car fax 7,908 0 0 equip maintenance 5,241 0 0 share draft processing fe 5,000 0 0 money market dividends 4,666 0 0 loan expenses 4,640 0 0 ira service fees 3,247 0 0 closing exp 2,194 0 0 business checking 1,996 0 0 title fee exp 977 0 0 cash over/short 940 0 0 special shares 799 0 0 simpli file-mo 228 0 0 club account dividends 152 0 0 chapter dues 150 0 0 total 668,573 0 0”

“Book / tax depreciation difference -1 net assets from merger 0 total -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.”