Parker Community Credit Union

“Members consist of individuals that hold deposits with the credit union living or working in rock county, walworth county, or green county, wisconsin, or south beloit, or the northern tip of winnebago county in illinois.”

“Each member has one vote irrespective of the member's share total. A member may not vote by proxy. An organization or association member is represented by and has its vote cast by a duly authorized representative of the entity.”

“Certain decisions require approval of the membership per the credit union's by-laws.”

“Information is gathered by the accounting manager and the human resources manager. The form 990 is reviewed by the cfo and the audit manager. A copy of the 990 is provided to the board.”

“Information regarding the interests of directors and officers and their family members that could give rise to conflicts is discussed during the meetings of the members of the governing body. The members of the governing body make determinations of whether a conflict exists and review actual conflicts. Any person with a conflict is prohibited from participating in the governing body's deliberations and decisions in the transaction.”

“The independent members of the governing body determine the president's compensation using data on compensation paid by comparable organizations in the same or similar communities for similar services. The president reviews the performance of other management positions and compensation for these positions is determined in a similar manner.”

“The credit union makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization merged with educators credit union on september 30, 2018. At that point, the organization ceased providing services to members as parker community credit union and educators began services those members.”

“Transfer of net assets to educators credit union -8,510,374.”