Self-Help Credit Union

“The organization is a member-owned credit union. Members elect directors on a staggered annual basis at the annual meeting. Certain decisions, such as amendments to bylaws are subject to approval by the North Carolina Credit Union Division and/or the National Credit Union Administration.”

“The organization is a member owned credit union. Individuals meeting membership criteria may join for $5.”

“The organization is a member-owned credit union. Members elect directors on a staggered annual basis at the annual meeting. Certain decisions, such as amendments to bylaws, are subject to approval by the North Carolina Credit Union Division and/or the National Credit Union Administration.”

“The Form 990 is prepared by staff accountants. The Chief Financial Officer, the Controller, and in-house cousel review multiple drafts and verify all answers before the form is provided to the Chief Executive Officer and board of directors for further review and comment prior to submission.”

“The organizations Conflict of Interest Policy covers its officers, directors or trustees, all employees of the organization or any related organizations, and family members of persons in these categories. All covered persons are required under the policy to disclose actual or potential conflicts as soon as they arise and the directors of the organization and related organizations confirm anually that there are no existing conflicts of interest. Person with actual conflicts are prohibited from participating in any decision relevant to the situation where the conflict exists. Most conflicts are clearly delineated by the policy; situations that are not so clear-cut are reviewed by in-house counsel, the CEO, or Board, as appropriate.”

“The organization pays its highest-paid workers, including the CEO, top management officials, and other officers, in accordance with a salary ceiling that is confirmed annually by the board and was last confirmed in November 2023. This ceiling is subject to adjustment for the increased cost of living associated with the geographical areas in which workers are working and is within the average market salary for workers with comparable levels of expertise and experience.”

“The organization pays its highest-paid workers, including the CEO, top management officials, and other officers, in accordance with a salary ceiling that is confirmed annually by the board and was last confirmed in November 2023. This ceiling is subject to adjustment for the increased cost of living associated with the geographical areas in which workers are working and is within the average market salary for workers with comparable levels of expertise and experience.”

“No documents available to the public.”

“No director or officer receives compensation for their work as a director, officer or trustee; instead the amount listed in columns (E) and (F) are compensation paid to full-time (40 hours per week) employees of the related organization, Self-Help Services Corporation, which serves as the employer for all the filing organizations workers.”

“The company changed its method of accounting for its allowance for credit losses effective January 1,2023. Equity was reduced by $29,195,378 upon adoption of ASU-326.”

“Unrealized derivative loss $(4,634,948)Cash dividends paid on secondary capital ($4,450,321)The company changed its method of accounting for its allowance for credit losses effective January 1,2023. Equity was reduced by $29,195,378 upon adoption of ASU-326.”