Civic Intelligence

Mountain Credit Union

EIN 56-6054784 • 501(c)14 • Waynesville, NC

View Organization Page

Profile

State chartered credit union mutually owned by our 30,368 members, to promote thrift, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested.

1700 Russ AvenueWaynesville, NC 28786

www.mountaincu.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

36th percentile

0.89x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

36th percentile

14.25x

Higher debt load relative to revenue than 36% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

63rd percentile

13%

Higher net margin than 63% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

43rd percentile

2.1%

Faster asset growth than 43% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

6.6%

Faster revenue growth than 16% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$347,974,427

Up $7,009,925 (+2.1%) from 2023

Liabilities

Up

$310,147,879

Up $4,239,086 (+1.4%) from 2023

Net Assets

Up

$37,826,548

Up $2,770,839 (+7.9%) from 2023

Operations
Liabilities / Revenue36th percentileNet Margin63rd percentile

Revenue

Up

$21,766,382

Up $1,353,913 (+6.6%) from 2023

Expenses

Up

$18,997,747

Up $2,990,422 (+19%) from 2023

Net Income

Down

$2,768,635

Down $1,636,509 (-37%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth43rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $103,248,963Liabilities 2010: $92,751,455Net Assets 2010: $10,497,5082010Assets 2011: $129,448,290Liabilities 2011: $115,314,664Net Assets 2011: $14,133,6262011Assets 2012: $146,556,795Liabilities 2012: $131,394,419Net Assets 2012: $15,162,3762012Assets 2013: $156,665,146Liabilities 2013: $140,436,806Net Assets 2013: $16,228,3402013Assets 2014: $166,993,553Liabilities 2014: $149,209,899Net Assets 2014: $17,783,6542014Assets 2015: $178,833,361Liabilities 2015: $159,532,301Net Assets 2015: $19,301,0602015Assets 2016: $185,503,612Liabilities 2016: $165,453,028Net Assets 2016: $20,050,5842016Assets 2017: $203,270,518Liabilities 2017: $182,656,450Net Assets 2017: $20,614,0682017Assets 2018: $211,180,616Liabilities 2018: $189,382,858Net Assets 2018: $21,797,7582018Assets 2019: $223,408,099Liabilities 2019: $200,875,373Net Assets 2019: $22,532,7262019Assets 2020: $264,595,783Liabilities 2020: $241,100,112Net Assets 2020: $23,495,6712020Assets 2021: $320,707,218Liabilities 2021: $294,268,528Net Assets 2021: $26,438,6902021Assets 2022: $333,072,854Liabilities 2022: $301,379,024Net Assets 2022: $31,693,8302022Assets 2023: $340,964,502Liabilities 2023: $305,908,793Net Assets 2023: $35,055,7092023Assets 2024: $347,974,427Liabilities 2024: $310,147,879Net Assets 2024: $37,826,5482024

Highlighted filing

2024

Assets$347,974,427
Liabilities$310,147,879
Net Assets$37,826,548
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2010: $6,030,3352010Expenses 2011: $6,764,3112011Expenses 2012: $7,554,1702012Revenue 2013: $8,648,796Expenses 2013: $7,582,832Net Income 2013: $1,065,9642013Revenue 2014: $9,174,866Expenses 2014: $7,619,552Net Income 2014: $1,555,3142014Revenue 2015: $9,947,394Expenses 2015: $8,429,988Net Income 2015: $1,517,4062015Revenue 2016: $10,316,522Expenses 2016: $9,566,998Net Income 2016: $749,5242016Revenue 2017: $10,604,648Expenses 2017: $9,923,938Net Income 2017: $680,7102017Revenue 2018: $11,608,714Expenses 2018: $10,425,024Net Income 2018: $1,183,6902018Revenue 2019: $12,157,101Expenses 2019: $11,305,989Net Income 2019: $851,1122019Revenue 2020: $11,754,043Expenses 2020: $10,874,503Net Income 2020: $879,5402020Revenue 2021: $13,383,027Expenses 2021: $10,896,116Net Income 2021: $2,486,9112021Revenue 2022: $17,481,627Expenses 2022: $12,490,697Net Income 2022: $4,990,9302022Revenue 2023: $20,412,469Expenses 2023: $16,007,325Net Income 2023: $4,405,1442023Revenue 2024: $21,766,382Expenses 2024: $18,997,747Net Income 2024: $2,768,6352024

Highlighted filing

2024

Revenue$21,766,382
Expenses$18,997,747
Net Income$2,768,635
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$347,974,427
Liabilities
$310,147,879
Net assets
$37,826,548
Revenue
$21,766,382
Expenses
$18,997,747
Net income
$2,768,635
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$348$310$37.8$21.8$19.0$2.77
2023Detailed filing. Detailed filing data is available for this year.$341$306$35.1$20.4$16.0$4.41
2022Detailed filing. Detailed filing data is available for this year.$333$301$31.7$17.5$12.5$4.99
2021Detailed filing. Detailed filing data is available for this year.$321$294$26.4$13.4$10.9$2.49
2020Detailed filing. Detailed filing data is available for this year.$265$241$23.5$11.8$10.9$0.88
2019Detailed filing. Detailed filing data is available for this year.$223$201$22.5$12.2$11.3$0.85
2018Detailed filing. Detailed filing data is available for this year.$211$189$21.8$11.6$10.4$1.18
2017Detailed filing. Detailed filing data is available for this year.$203$183$20.6$10.6$9.92$0.68
2016Detailed filing. Detailed filing data is available for this year.$186$165$20.1$10.3$9.57$0.75
2015Detailed filing. Detailed filing data is available for this year.$179$160$19.3$9.95$8.43$1.52
2014Detailed filing. Detailed filing data is available for this year.$167$149$17.8$9.17$7.62$1.56
2013Detailed filing. Detailed filing data is available for this year.$157$140$16.2$8.65$7.58$1.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$131$15.2$7.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$115$14.1$6.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$103$92.8$10.5$6.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.1
Gross Receipts
$21,766,382
Mission and Program Overview

Mission

State chartered credit union mutually owned by our 26,608 members, to promote thrift, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested.

State chartered credit union mutually owned by our 30,856 members, to promote thrift, issue shares and maintain accounts, and make loans to our members. Funds not needed for liquidity or for loans are temporarily invested.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$220,800,591$206,034,416▼ $14,766,175
Savings and Temporary Cash Investments$63,127,227$80,126,994▲ $16,999,767
Rtn Earn Endowment Incm Other Fnds$35,055,709$37,826,548▲ $2,770,839
Investments Program Related$26,860,904$30,703,642▲ $3,842,738
Land, Buildings, and Equipment, Net$11,720,767$13,167,588▲ $1,446,821
Cash and Non-Interest-Bearing Accounts$6,401,770$5,195,643▼ $1,206,127
Prepaid Expenses and Deferred Charges$989,396$851,425▼ $137,971
Total Assets$340,964,502$347,974,427▲ $7,009,925
Other Assets Total$11,063,847$11,894,719▲ $830,872
Liabilities
Other Liabilities$303,246,525$309,767,125▲ $6,520,600
Accounts Payable and Accrued Expenses$2,662,268$380,754▼ $2,281,514
Total Liabilities$305,908,793$310,147,879▲ $4,239,086
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,055,709$37,826,548▲ $2,770,839
Total Liabilities and Net Assets / Fund Balance$340,964,502$347,974,427▲ $7,009,925

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$11,000,000--
Buildings$8,501,613$1,729,032-
Other Land Buildings$64,836--
Land$2,773,400--
Equipment$1,827,739$3,685,635-
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy S WoodyCEOFT$264,992$19,893$284,885
Tanya HaskettVP LendingFT$157,704$15,216$172,920
Suzie ShookVP Risk Mgmt and OperationsFT$143,156$19,789$162,945
Michael J StawickiChief Financial OfficerFT$145,452$12,765$158,217
Charles J ReeceHr DirectorFT$138,943$11,884$150,827
Chris AngelVPFT$134,224-$134,224
Jared MorganItFT$133,261-$133,261

Board Members and Trustees

NameTitle
Joey WebbBod Chair
David BlantonBod Vice Chair
Bryan IngleDirector
Robbie OwenbeyDirector
Roy KeithleyDirector
Cindy RamseyBod Secretary
Sherri RodgersBod Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$21,766,382
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,768,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,767,709
Salaries, Compensation, and Employee Benefits$7,146,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,200,730--$4,200,730
Other Expenses$3,764,717--$3,764,717
Benefits to Members$3,083,314--$3,083,314
Current Officers, Directors, Trustees, and Key Employees$1,197,279--$1,197,279
Advertising$772,895--$772,895
Pension Plan Contributions$671,061--$671,061
Payroll Taxes$611,793--$611,793
Occupancy$594,672--$594,672
Other Employee Benefits$465,861--$465,861
Conferences and Meetings$166,472--$166,472
All Other Expenses$110,651--$110,651
Total Functional Expenses$18,997,747$0$0$18,997,747
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$134,953,488
Share Draft Accounts$66,789,640
Money Market Shares$41,239,840
Share Certificates$38,585,626
Irakeogh Accounts$19,338,943
All Other Shares$8,858,130
Allowance for Credit Losses$1,458
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The charter and bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits.”

Member election for additional members Part VI line 7A

“The charter and bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits. The candidates for director are nominated by a nominating committee appointed by the board of directors. The directors are elected at an annual meeting called for in the bylaws.”

Governing body decisions Part VI line 7B

“The charter and bylaws call for an annual election of directors by the members. Each member is entitled to one vote irrespective of the number of shares/deposits. The candidates for director are nominated by a nominating committee appointed by the board of directors. The directors are elected at an annual meeting called for in the bylaws.”

Governing body meeting documentation Part VI line 8A

“Under the bylaws, the directors meet monthly to review the operations of the credit union. Their actions are documented in written monthly minutes. The board of directors approve the operating policies that direct management in the day-to-day operations of the credit union.”

Committee meeting documentation Part VI line 8B

“The board of directors appoint committees to oversee specific operations of the credit union including an audit committee, which hires an independent auditor to perform an annual audit of the credit union, and a personnel committee which recommends an overall compensation plan for the credit union as a whole. Committee minutes are maintained. Committee recommendations are voted on/approved by the full board of directors.”

Form 990 governing body review Part VI line 11

“The form 990 is reviewed by management and then provided to all board members for review at the next board meeting.”

Conflict of interest policy compliance Part VI line 12C

“The credit union has a written conflict of interest policy. All officers, directors, and key employees are required to disclose annually any interest that could give rise to conflicts. All material contracts are approved by the board of directors.”

CEO executive director top management comp Part VI line 15A

“The personnel committee recommends compensation for the ceo, management, and staff based on an annual survey of compensation of credit unions of comparable size and job classifications and other factors. The overall compensation plan, including ceo and management compensation, is reviewed/approved by the board of directors.”

Other officer or key employee compensation Part VI line 15B

“The personnel committee recommends compensation for the ceo, management, and staff based on an annual survey of compensation of credit unions of comparable size and job classifications and other factors. The overall compensation plan, including ceo and management compensation, is reviewed/approved by the board of directors. For staff, the ceo and/or department managers complete annual employee evaluations and are authorized to set staff compensation within the range approved by the personnel committee and board of directors.”

Form 990 availability to public Part VI line 18

“Upon request, copies of the credit unions annual form 990 is provided to any member or non-member that requests a copy.”

Governing documents etc available to public Part VI line 19

“Written copies of policies and procedures are provided to members upon request. Monthly financial reports are posted in the lobby for members review.”

Filing and Contact Details

Filer

Filer Name
Mountain Credit Union
EIN
56-6054784
In Care Of
% MICHAEL STAWICKI
Phone
8284568627
Address
1700 RUSS AVENUE, WAYNESVILLE, NC 28786

Signing Officer

Name
Michael Stawicki
Title
CFO
Phone
8284568627
Signed
2025-04-30
Discuss with paid preparer
No

Organization Details

Formed
1963
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
101
Volunteers
9

Preparer

Firm
Peters and Associates
Address
9724 Kingston Pike Suite 405, Knoxville, TN 37922
Preparer
Craig Peters
Phone
8656947128
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Funds not currently needed for liquidity or for loans are temporarily invested.”

List of other expenses Part IX line 24E

“Other expenses:operating fees 64,965misc non-interest expense 45,686 total 110,651”

Raw XML AppendixShowing 400 of 489 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VP RISK MGMT AND OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt4HR DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP
IRS990/Form990PartVIISectionAGrp/TitleTxt6IT
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10BOD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOD VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/MissionDesc0STATE CHARTERED CREDIT UNION MUTUALLY OWNED BY OUR 30,856 MEMBERS, TO PROMOTE THRIFT, ISSUE SHARES AND MAINTAIN ACCOUNTS, AND MAKE LOANS TO OUR MEMBERS. FUNDS NOT NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CORPORATE CREDIT UNIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NCUSIF DEPOSIT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3DEP IN COMM BANKS S&LS SVGS BANK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4HELD-TO-MATURITY DEBT SECURITIES
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SHARE CERTIFICATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4IRAKEOGH ACCOUNTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6ALLOWANCE FOR CREDIT LOSSES
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AMY S WOODY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CHARLES J REECE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2TANYA HASKETT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MICHAEL J STAWICKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4SUZIE SHOOK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1HR DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP LENDING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3CHIEF FINANCIAL OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VP RISK MGMT AND OPERATIONS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHARTER AND BYLAWS CALL FOR AN ANNUAL ELECTION OF DIRECTORS BY THE MEMBERS. EACH MEMBER IS ENTITLED TO ONE VOTE IRRESPECTIVE OF THE NUMBER OF SHARES/DEPOSITS. THE CANDIDATES FOR DIRECTOR ARE NOMINATED BY A NOMINATING COMMITTEE APPOINTED BY THE BOARD OF DIRECTORS. THE DIRECTORS ARE ELECTED AT AN ANNUAL MEETING CALLED FOR IN THE BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNDER THE BYLAWS, THE DIRECTORS MEET MONTHLY TO REVIEW THE OPERATIONS OF THE CREDIT UNION. THEIR ACTIONS ARE DOCUMENTED IN WRITTEN MONTHLY MINUTES. THE BOARD OF DIRECTORS APPROVE THE OPERATING POLICIES THAT DIRECT MANAGEMENT IN THE DAY-TO-DAY OPERATIONS OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS APPOINT COMMITTEES TO OVERSEE SPECIFIC OPERATIONS OF THE CREDIT UNION INCLUDING AN AUDIT COMMITTEE, WHICH HIRES AN INDEPENDENT AUDITOR TO PERFORM AN ANNUAL AUDIT OF THE CREDIT UNION, AND A PERSONNEL COMMITTEE WHICH RECOMMENDS AN OVERALL COMPENSATION PLAN FOR THE CREDIT UNION AS A WHOLE. COMMITTEE MINUTES ARE MAINTAINED. COMMITTEE RECOMMENDATIONS ARE VOTED ON/APPROVED BY THE FULL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS REVIEWED BY MANAGEMENT AND THEN PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AT THE NEXT BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CREDIT UNION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. ALL MATERIAL CONTRACTS ARE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PERSONNEL COMMITTEE RECOMMENDS COMPENSATION FOR THE CEO, MANAGEMENT, AND STAFF BASED ON AN ANNUAL SURVEY OF COMPENSATION OF CREDIT UNIONS OF COMPARABLE SIZE AND JOB CLASSIFICATIONS AND OTHER FACTORS. THE OVERALL COMPENSATION PLAN, INCLUDING CEO AND MANAGEMENT COMPENSATION, IS REVIEWED/APPROVED BY THE BOARD OF DIRECTORS. FOR STAFF, THE CEO AND/OR DEPARTMENT MANAGERS COMPLETE ANNUAL EMPLOYEE EVALUATIONS AND ARE AUTHORIZED TO SET STAFF COMPENSATION WITHIN THE RANGE APPROVED BY THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9UPON REQUEST, COPIES OF THE CREDIT UNIONS ANNUAL FORM 990 IS PROVIDED TO ANY MEMBER OR NON-MEMBER THAT REQUESTS A COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10WRITTEN COPIES OF POLICIES AND PROCEDURES ARE PROVIDED TO MEMBERS UPON REQUEST. MONTHLY FINANCIAL REPORTS ARE POSTED IN THE LOBBY FOR MEMBERS REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11FUNDS NOT CURRENTLY NEEDED FOR LIQUIDITY OR FOR LOANS ARE TEMPORARILY INVESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12OTHER EXPENSES:OPERATING FEES 64,965MISC NON-INTEREST EXPENSE 45,686 TOTAL 110,651
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6

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