Georgia'S Own Credit Union

“The credit union is comprised of a single class of member owners, each of which has equal rights in ownership, governance, and voting rights at the annual meetings.”

“Current members may elect one or more members of the governing body.”

“Certain decisions of the governing body are subject to approval of members. These decisions may also be subject to scrutiny by various governmental agencies.”

“The form 990 is reviewed by both the credit union's cfo and svp|accounting after being prepared by the cpa firm and before filing. The sections related to human resources or the board are reviewed with the compensation committee after filing.”

“The conflict-of-interest policy is regularly and consistently monitored and enforced by the governing body. The policy requires that all "officers, directors, executive management, and senior management disclose conflicts of interest". Officers, executive management, and senior management are required to review the board policies manual (including management guidelines) annually and comply with all policies disclosed therein. Similarly, the board of directors are required to disclose and attest to any conflicts annually on a physical form, which is maintained for record keeping purpose. Enforcement of the policy is spearheaded by the svp - enterprise risk management & general counsel who (1) annually reviews the policy for adequacy; (2) addresses any questions related to the policy that any parties may have; and (3) ensures that when a conflict arises that those are handled consistently with the prescribed procedures within the policy. For clarity, the policy requires that in the event of a conflict that the credit union solicit multiple quotes/bids from numerous companies within the field and the conflicted employee or director is recused from the decision-making process.”

“The credit union and its compensation committee engaged the services of d. Hilton associates, inc. To provide executive compensation consulting services. D. Hilton conducted an in-depth market analysis for base salary and total cash compensation for ceo, his executive direct reports and key employees, providing written findings. Ceo data was reviewed, and compensation determined by the compensation committee and subsequently approved by the board of directors. The data for c-level officers was reviewed by the ceo and chief of staff, then recommended to and subsequently approved by the compensation committee and board of directors if required by the compensation committee charter. Data for svp roles was reviewed by the ceo and chief of staff. Discussions and decisions by the compensation committee and the board of directors are recorded in meeting minutes. In addition to d. Hilton services, the credit union participates in and/or reviews data from other credit union executive compensation surveys during each year.”

“Governing documents and the conflict of interest policy are made available to members upon request. The quarterly call report, which includes year to date financial statements, is available for public viewing on ncua.gov.”

“Dept of banking & finance 331,878.”

“There were no changes in the process of the committee that assumes responsibility of the oversight of the audit and selection of the independent auditor.”