Horizon Credit Union

“Shares are issued to members maintaining accounts.”

“The charter and by-laws 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 by-laws.”

“For governance decisions, each member is entitled to one vote, irrespective of the number of shares/deposits.”

“Form 990 is reviewed by the accounting manager, ceo, coo, and cfo before filing.”

“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.”

“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 classification and other relevant factors. The overall compensation plan, including ceo and management compensation, is reviewed and 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.”

“Written copies of policies and procedures are provided to members upon request. Monthly financial reports are posted in the lobby for members review. Upon request, copies of the credit union's annual form 990 is provided to any member or nonmember.”

“Other professional fees: program service expenses 161,242. Management and general expenses 0. Fundraising expenses 0. Total expenses 161,242. Data processing: program service expenses 441,385. Management and general expenses 0. Fundraising expenses 0. Total expenses 441,385.”