Iowa Corporate Central Credit Union 0605 Frontier Community Credit Union

“Membership consists of those persons in the common bond who have subscribed to one ownership share and have complied wiht the other requirements as specified by the articles of incorporation and bylaws.”

“At each annual meeting, one member shall be elected to fill each board of director position vacated by reason of an expiring term or other cause.”

“The majority of members present at any meeting may vote to modify, amend or reverse an act of the board of directors or instruct the board to take action not inconsistent with the articles, bylaws, or the Iowa Code. In order to be binding upon the board of directors, any aaction requires affirmative vote of a majority of eligible members.”

“The form 990 is reviewed by each member of the governing board following filing.”

“The organization requires officers and directors to disclose annually interests that could give rise to conflicts. To identify any potential conflicts of interest, every insider provides an annual statement outlining specific relations and situations. The conflict of interest policy is annually reviewed by the board and is enforced by the board.”

“A compensation Committee has overall responsibility for approving and evaluating the President/CEO compensation, benefit and prerequisite plans, policies and programs of the credit union. The Compensation Committee is also responsible for producing an annual report on executive compensation for review by the entire board. An independent third party reviews compensation based on data compiled from numerous sources. Software is used that compares relative compensation data.”

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

“This is the change in fund balances for customer account balances from the prior year.”

“Provision for loan loss 49286. 49286. Exam fee expense 4112. 4112. Misc. Operating expense 24763. 24763. Ncua accrued accessment 0. 0. Dividends 40695. 40695. Credit reports 4218. 4218.”