MID American Credit Union

“Form 990, Part VI, Section A, Line 6 - CREDIT UNION ACCOUNT HOLDERS ARE CONSIDERED TO BE MEMBERS OF THE ORGANIZATION, AT 12/31/2015 MID AMERICAN CREDIT UNION HAD 35,743 MEMBERS.”

“Form 990, Part VI, Section A, Line 7a - THE BOARD OF DIRECTORS HAVE TERMS THAT EXPIRE. AT THE ANNUAL MEETING MEMBERS HAVE THE OPPORTUNITY TO APPROVE/DISAPPROVE THE REPLACEMENT FOR THE BOARD MEMBER(S) WHOES TERM IS EXPIRING.”

“Form 990, Part VI, Section A, 7b - IN THE CREDIT UNION BYLAWS THERE ARE SPECIFIC ISSUES THAT REQUIRE THE VOTE OF THE MEMBERSHIP, ONE EXAMPLE IS THE MERGING OF ANOTHER CREDIT UNION INTO MID AMERICAN CREDIT UNION.”

“Form 990, Part VI, Section B, Line 11b - A COPY OF THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE GOVERNING BODY FOR THEIR REVIEW AND COMMENT IN PERSON, VIA US MAIL, OR E-MAILED PRIOR TO THE FORMS SUBMISSION.”

“Form 990, Part VI, Section B, Line 12c - ANNUALLY VOLUNTEERS, OFFICERS, AND EMPLOYEES COMPLETE THE CONFLICE OF INTEREST STATEMENT.”

“Form 990. Part VI, Section B, Line 15 - COMPENSATON COMMITTEE OF THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND DETERMINES SALARY OF THE CREDIT UNION CEO. THIS WAS LAST DONE IN 2015.”

“Form 990, Part VI, Section C, Line 19 - FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY, COPIES OF THE POLICIES ARE PROVIDED TO THE MEMBERSHIP UPON REQUEST.”

“Form 990, Part XI, Line 9 - ADDITIONAL EQUITY ACQUIRED FROM MERGING VETERANS ADMINISTRATION CREDIT UNION ($303,223) AND NEW CENTURY CREDIT UNION ($1,222,095) TOTAL EQUALS $1,525,318.”