Dane County Credit Union

“The organization has members. To be a member one must have a share (savings) account at the credit union.”

“The board of directors is elected by the credit union members. Each member has one vote.”

“A member vote is required for decisions which are beyond the authority of the board of directors. Items which require a membership vote are outlined and specified in our bylaws. Each member has one vote.”

“The credit union accountant provides the data to the ceo. The ceo reviews the informaiton and then sends it to an independent preparer who completes the return. Management reviews the return for accuracy, and then authorizes preparer to e-file the approved return. Management reviews the return with the directors at their next board meeting.”

“The bank bribery act policy code of conduct contains explicit conflict of interest compliance requirements. The policy is reviewed by each member of the staff and board of directors once a year. Human resources tracks compliance with the annual review process and reports to the department supervisors the completion of the annual review. Our compliance officer monitors the acceptance of the policy as well as any notes or individual staff or board member disclosures. The policy review and acceptance acknowledgement is electronic using our bvs educational system. The policy was reviewed and approved september 25, 2018. The policy is on the three (3) year review cycle with the board of directors.”

“The board of directors performs an annual performance review of the ceo. The ceo's salary and benefits are determined by the board of directors using comparative industry data and by taking into account individual performance. The annual salary and benefit expense is approved by the board of directors in the annual budget review process.”

“The salaries of top management employees are determined by the ceo with guidance from the hr director, in concert with comparative industry data. The annual salary and benefit expense is approved by the board of directors in the annual budget review process.”

“Governing documents, policies,and financial statements are not available to the public.”

“Dane county credit union merged into heartland credit union, madison, wi, on march 1, 2022. Government agency approval documents are attached to this return in a pdf file.”

“Net assets transferred in merger -17,686,004 dane county credit union merged into heartland credit union, madison, wi, on march 1, 2022.”