Wisconsin Medical 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.”

“Management provides the data to independent preparer who completes the return. Management reviews the return for accuracy and then presents it at board meeting for review. Managemnt then authorizes the preparer to e-file the approved return.”

“Annually each employee/director is required to disclose in writing any potential conflict of interest they might have with the credit union. This includes conflicts that might arise from relationships/vendors. Additionally, dual control is in place to mitigate the risk of conflicts of interest, and employees are not authorized to do transactions which may pose a conflict of interest.”

“The board of directors utilizes cuna and league salary guides, along with the financial standing of the credit union and peer data. The board collects the data, hold discussions, and makes the compensation determination. This is noted in the board meeting minutes.”

“Governing documents, conflict of interest policy, and financial statements are available to members upon request.”

“Wisconsin medical cu is a not for profit, member owned organization dedicated to meet the members needs by providing sound financial services including competitive rates, information and services while maintaining financial stability of the credit union.”