Winnebago Community 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 regulatory agency (i.e., NCUA, Wisconsin Office of Credit Unions).”

“We will review the information and present it to our board of directors before we file our return.”

“By giving the employees a copy of the personnel manual that includes an insider (conflict of interest) policy. Management addresses situation where a conflict of interest occurs.”

“The Board is given a compensation survey for the state of Wisconsin for credit unions put out by the Wisconsin Credit Union League. The survey contains many salary comparisons for the CEO position including salary by different asset sizes.”

“A summary of the financial statements is handed out each year to the membership at the Annual Meeting. We provide a privacy statement to the membership annually. We do not make policies or forms available to the public unless a member requests the information and we are required to give that information to the public by regulation or law.”

“The 990-T will be filed before the due date.”