Community First Credit Union

“Members of the credit union.”

“Each member owner has one vote to elect one or more directors of the governing body.”

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the board as outlined by 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).”

“The form 990 is reviewed by ceo and presented to the board of directors.”

“Board of directors completes a conflict of interest questionnaire annually.”

“The compensation committee used an outside compensation consultant for ceo and key employee compensation. The compensation consultant works directly with the compensation committee of the board of directors. The deliberation and decisions for setting compensations are documented as appropriate. This process was last conducted in 2014.”

“Financial statements are reviewed by the board of directors monthly and an annual report is available to membership each year. The organization does not make its governing documents available to the public.”

“Other comprehensive income -713,676. Equity acquired in merger 792,705.”

“Audited financial statements: the organization has an audit performed each year as of september 30th. This question is being answered 'no' only because the reporting period for the annual audit not matching the december 31st reporting period for the form 990.”

“A financial audit is performed annually along with internal audits which are performed throughout the year. The audit plan and actual audit reports are reviewed with the audit committee of the board of directors.”