Multipli Federal Credit Union

“In march 2016, the board of directors approved increasing the number of directors from 9 to 11 directors, and the number of supervisory committee members from 3 to 4 members. Amendments to the bylaws were approved by and filed with the state of missouri.”

“The credit union is mutually owned by members.”

“The board of directors are elected by the credit union members.”

“Certain significant changes are subject to approval by the credit union members; however, no such changes were made during the year.”

“The cfo provides details to the accounting firm preparing the form 990 return. Upon completion, the president/ceo reviews the return with credit union management and the accounting firm before presenting it to the board of directors.”

“On an annual basis, all officers, directors and key employees are required to review the conflict of interest policy, disclose any interests that could give rise to conflicts, and submit a signed statement to that effect. These statements are maintained on file at the credit union.”

“The compensation committee of the board of directors reviews the president/ceo's performance and determines compensation using various information, including salary surveys. All other management compensation is determined by the president/ceo, also using salary surveys, and is presented as part of the budget package to the board of directors for approval. Deliberations and decisions are documented in the board minutes.”

“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, policies, and procedures are available upon request.”

“Net assets acquired pursuant to merger with first financial credit union 6,765,820.”