Appletree Credit Union

“The organization has a single class of membership. Each member has one vote to elect the members of the governing body.”

“The members of the governing body are elected by the membership.”

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the governing body as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership unless mandated by regulatory agency such as the national credit union administration or the wisconsin office of credit unions.”

“The form 990 for 2019 was copied and submitted to all credit union directors for review. Directors were encouraged to comment and/or ask for additional information. The board minutes will be documented with the distribution of the report and approval by the directors.”

“Internal audits, external cpa audit, regulatory exam and board/management oversight regularly and consistently monitor and enforce policy compliance.”

“The ceo's salary is reviewed and set by the board of directors. A yearly perfomance review is conducted by the budget personnel committee of the board of directors. Salary surveys of comparable positions and goal accomplishments are used to discern performance of the ceo to set salary. The ceo is responsible for setting and monitoring salaries of all the other employees. Budget guidelines are provided by the governing board yearly.”

“The forms are available for public inspection online via several not-for-profit watchdog group websites. Additionally, they are available upon request at the credit union's office. Financial statements are available at www.ncua.gov. Governing documents, bylaws and policies, including conflict of interest policies are available upon request at the credit union's office.”