Casebine Community Credit Union

“Membership of this credit union shall consist of and be limited to: 1. Persons living or working for an entity located in Des Moines, Henry, Lee, Louisa or Van Buren counties in Iowa and Hancock and Henderson counties in Illinois; 2. Employees of Casebine Community Credit Union; 3. United States Government Civil Service employees and United States Army personnel employed at or assigned to the Iowa Army Ammunition Plant, Middletown, Iowa; United States Military personnel on active duty assigned within a fifty mile radius of the office of the Iowa Ordnance Plant Federal Credit Union, now known as Casebine Credit Union, Middletown, Iowa; Employees of Mason & Haner-Silas Mason Co., Inc. and the food service concessionaire employed at the Iowa Army Ammunition Plant, Middletown, Iowa; Unremarried spouses of persons who died while within the field of membership of the Iowa Ordnance Plant Federal Credit Union prior to date of merger April 1, 2001; Persons retired as pensioners or annuitants from the above employment including members of their immediate families; and organizations of such persons. 4. Members of Burlington Hawk-Eye Employees Credit Union as of the date of merger, May 7, 1974; 5. Members of Des Monies County Employees Credit Union as of the date of merger, July 1, 1988; 6. Members of the Iowa Ordinance Plant Federal Credit Union as of the date of merger, April 1, 2001; 7. Employees of such small employee group as may be approved from time to time by the Superintendent; 8. Including family members. Family members shall include persons in the same household, and persons related to the member by the first, second or third degree of consanguinity or affinity, including foster children, adoptive children, stepchildren, stepsiblings and such relatives or a deceased member.”

“The credit union has an annual meeting, at such time any board seats that have open terms are voted upon.”

“The membership must approve the filling of board seats at the annual meeting.”

“There are no committees with the authority to act on behalf of the full board.”

“The Form 990 is reviewed and approved by the board of directors prior to filing with the IRS.”

“All staff and board members are covered by the policy, management/audit committee have oversite to identify a conflict that is not previously disclosed. A person with a conflict has no approving/voting rights, cannot transact on, correct, or make any changes to an account identified as a conflict.”

“The Personnel Committee initiates the review process for recommending and evaluating the President/CEO and initiating an annual salary/benefits review. According to board policy this is done in June/July of each year and any recommended raise/benefits increase, after receiving full board approval; goes into effect January 25th of each year. The Personnel Committee uses the prior year Cuna Salary Report and any other comparable available at the time of review, along with consideration of the credit union's financial performance to establish any raise/benefits increase. These recommendations are then presented at the next monthly board meeting for full board discussion and approval.”

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

“Professional Fees 342,420. State Examination Fee 10,939.”