Metro Credit Union

“Individuals who submit an application, meet the curedit union's qualifications, and provide a qualifying deposit receive membership.”

“The members annually vote to elect the individuals to serve three-year terms on the board of directors and the supervisory committee. The terms are staggered so that four of the twelve seats are up for election every year.”

“Changes to the credit union's bylaws and any proposed merger with another credit union are subject to approval by the members.”

“After completion of the return, the president reviews a copy of the return and then signs the e-file authorization form. A copy of the completed return is provided to the board of directors at their next meeting.”

“Any credit union director, officer, employee or spouse who is associated with or holds a material ownership interest in another financial institution, trade association or related business shall file an annual disclosure statement with the president or board chairman within 30 days of each january 1, the start of employment, or taking office. Policy provides examples of conflicts of interest which require disclosure. An affected board member or members must abstain from participating in any vote or discussion in a matter in which they hold a conflict of interest. Any apparent conflict of interest must be resolved by the president or board personnel committee and the individual.”

“The board of directors determines compensation of the president based upon their performance, the credit union's performance, and outside information which includes compensation comparatives. Compensation of other managers is determined by the president and presented as part of the budget package to the board of directors for approval.”

“Financial statements are presented at the annual membership meeting. Quarterly call reports of financial information are accessible by the public on the ncua website. Financial statements, form 990, policies and procedures are available to the public upon request.”

“Ira services 4,053. Atm fees 13,584. Ach fees 5,463. Debit & credit card fees 222,870. Other fees 4,863.”

“Net unrealized loss on pension plan per gaap -61,123.”

“The supervisory committee is responsible for selection and oversight of the independent accountants. The committee solicits bids from several qualified accountants, investigates the firms, and obtains input from senior management.”