Fox Communities Credit Union

“The organization consists of members. To be a member, one must have a share/savings account. Each member has one vote to elect the governing body (board of directors).”

“The board of directors is elected by the membership utilizing their one vote per member.”

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the board as outlined in the organization's bylaws. Any decision to dissolve or merge the organization requires approval of membership, unless mandated by a regulatory agency (i.e. Ncua, wisconsin office of credit unions).”

“The form 990 is reviewed by the vice president of finance and the president/ceo prior to filing.”

“No director, officer, committee member, agent or employee of this credit union shall in any manner, directly or indirectly, participate in the deliberation upon or the determination of any question affecting his or her pecuniary or personal interest or the pecuniary interest of any organization or association in which the person is directly or indirectly interested. In the event of disqualification of any director or member of the credit committee respecting any matter presented to the board or credit committee for deliberation or determination, such director or committee member shall withdraw from the deliberation or determination. If a director or credit committee member withdraws from any deliberation or determination, the remaining qualified directors or credit committee members present at the meeting may exercise all powers of the board or credit committee, provided the number of directors or credit committee members present, including the disqualified directors or members, constitutes a quorum. All interested persons much complete, sign and return immediately following the annual organization meeting of the credit union's board of directors, a "conflict of interest statement" which discloses any relationship that might constitute an actual or potential conflict of interest to the credit union.”

“The ceo's compensation is reviewed and approved by the board of directors. For other officers the organization uses a third party to conduct a market analysis of all the positions at the credit union. The organization also regularly refers to the cues compensation information and the cuna wage survey available through their membership to these organizations. For the most recent officer hires the organization uses recruiting firms that were engaged to find officers for the organization.”

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

“Equity acquired in merger 2,809,898.”