Delta Community Credit Union

“The board of directors, by two-thirds vote (2/3) of the board, may designate an executive committee, consisting of the chairperson of the board, vice chairperson, secretary, treasurer, audit committee chairperson, any other designated director and the chief executive officer of the credit union. The executive committee may exercise oversight authority of the board of directors in the management of the business and affairs of the credit union. The executive committee shall be responsible for (i) establishing and/or approving all executive level management compensation, including but not limited to salaries, variable compensation, vacation payouts, severance pay and 457(f) deferred compensation plans for the ceo, president, executive vice presidents and senior vice presidents; and (ii) approving annual variable compensation payouts to all credit union employees. The executive committee shall designate one of its members as the plan administrator for all 457(f) deferred compensation plans and such designee shall handle all administrative decisions relating thereto. In addition, such designee shall be responsible for communicating as necessary with the third parties on matters of compensation of executive level management, including but not limited to matters relating to change in compensation. All actions of the executive committee shall require the vote of two-thirds (2/3) of all its members eligible to vote on a matter and all decisions relating to compensation shall additionally require a written approval memorializing the decision of the executive committee, signed by the chairman. The executive committee may not, however, (a) approve or propose to the members actions which the code or these bylaws requires to be approved by the members; (b) fill vacancies on the board of directors or any of its committees; (c) amend the bylaws of the credit union; (d) approve or recommend to the members a plan of merger or consolidation, a sale, lease or exchange of all or substantially all of the credit union's property and assets, or any dissolution or liquidation of the credit union; or (e) authorize indemnification of any officer or director as provided in article ix of these bylaws. The board of directors may remove members of the executive committee. Actions of the executive committee shall be reported to the board of directors as the board shall prescribe at each regular meeting of the board.”

“Members of the credit union shall be: -any persons who are or have been employees of delta airlines, inc. And their immediate family members or domestic partner. -any persons who are or have been employees and their immediate family members or domestic partner of other groups included in the credit union's bylaws and approved by the board of directors. -non-profit organizations whose employees, members or owners are primarily composed of persons or organizations included in the above membership criteria, and all employees, members and owners of such organizations.”

“Board members are elected by membership. Each member of the credit union has one vote.”

“At any meeting the members (by one member, one vote) may decide on any matter of interest to the credit union and may overrule the board of directors provided the notice of the meeting specifies the question to be considered.”

“The form 990 is prepared by the organization's independent accounting firm based on the information provided by management. Once the draft is available, it is reviewed by management and any changes incorporated into the filing. The form 990 is presented to the board of directors prior to filing with the irs.”

“The employee handbook spells out the company's conflict of interest policy and requires employees to report all conflicts of interest or potential conflicts of interest to management and/or through the ethics/compliance hotline number or via the internet link. Employees must report any potential conflict of interest to their manager, who in turn would report the matter to the company's general counsel and the chief risk officer for a determination. Additionally, if an employee suspects a conflict of interest involving a fellow employee, they can report it via the ethics/compliance hotline, which would then be elevated to the general counsel and the chief risk officer for a determination.”

“The compensation of the top management official, other officers, and key employees was determined by the compensation committee (consisting of independent directors) using industry competitive surveys for similar positions. All discussions and deliberations are documented in the minutes of the meetings held. This process was most recently conducted in 2024.”

“The credit union makes its financial statements available to the public through the organization's website.”

“Loan service & collection 12,546,590. Other expenses 656,257. Membership dues 516,960.”

“The organization has not changed its oversight or selection process during the tax year.”