Credit Unions Chartered in the State of Michigan 4 Front Credit Union

“Members credit union was the surviving entity in a merger with bay winds credit union. The name was changed to 4front credit union at the time of the merger.”

“The credit union has a single class of members with equal rights of ownership, governance and voting.”

“Members vote and elect board members at the annual meeting.”

“Management reviews the tax returns and forwards u.s. Form 8879-eo to the tax preparer. The board reviews the filed tax returns at the next scheduled meeting.”

“The president/ceo performs annual evaluations of executive vp and vice presidents on their employment anniversary date. In may of each year an evaluation form is mailed to each board member with a stamped envelope addressed to the chairman of the board. The president/ceo submits to the salary committee comparability wage data as found in the mi cu league survey book. The personnel/salary committee holds a meeting in june to discuss the evaluation and wages for the president/ceo and all vice presidents. The personnel/salary committee submits their recommendations to the board at the june board meeting. The personnel/salary committee reviews comparability wage data from mi cu league every june and discusses evaluations and proposed wages for the chief executive and all vice presidents, then submits their recommendations to the board at their june meeting.”

“Monthly financials are available upon request at credit union offices. Other governing documents are available for review upon request at 3963 w. Royal drive, traverse city, mi.”

“Field of membership was expanded to encompass the entire state of michigan effective november 2, 2015.”

“Equity acquired in business combination 22,194,439.”

“The credit union's financial statements audit will be performed by independent accountants for the twelve-months ended march 31, 2016.”