Metro Credit Union

“The members of the credit union are considered to be the owners of the organization.”

“The members of the credit union vote to elect the board of directors and supervisory committee positions. Elections are held annually and each seat is held for a three year term. The electable positions are rotated so that four of the twelve seats are up for vote every year.”

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

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

“The organization routinely monitors the conflict of interest policy including full disclosures of conflict regarding credit union business. The organization also enforces the policy adherence with strict rules on violations.”

“The board of directors reviews the performance of the president and determines compensation based on their performance, the credit unions performance and outside information which includes comp comparatives. All other management compensation is determined by the president and presented to the board as part of the budget package for approval.”

“Financial statements are presented at the annual meeting and are available upon request. In addition, the ncua website posts financial information as part of the quarterly call reports. Other documents including, financial statements, tax return, policies, and procedures are available upon request.”

“Net change in defined benefit plan per gaap rules 59,953”