First Commerce Credit Union

“The credit union has members. The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

“Members of the credit union have the right to approve the governing body's election and removal of members of the credit union as they occur.”

“Members of the credit union have the right to approve the governing body's election and removal of members of the governing body, as well as other matters that are subject to the approval of the members of the credit union as they occur.”

“The accounting department does verify and tie out the figures to the financial statements.”

“The external auditors perform an audit of employee accounts and their respective financial and general ledger transactions on a quarterly basis to monitor and verify that there are no transactions performed by the employee and/or on their respective account that are improper and/or conflict with their job responsibilities.”

“A minimum of once a year, comparable compensation data is researched using multiple resources including compdatasurveys (banking and finance), cues surveys and cuna surveys. Using the ten point factors, all positions are evaluated for both internal and external equity to determine the appropriate salary range. This range is approved by the ceo and reviewed by the board of directors.”

“Conflicts of interest policies are not publicly published. Quarterly financials are published at the entrance of each of the branch offices, the call report is filed quarterly which is public information and our annual report is available to all members which contains financials. If requested, by-laws would be made available for viewing at the administrative offices.”

“Bill pay/mobile banking: program service expenses 697,687. Management and general expenses 0. Fundraising expenses 0. Total expenses 697,687. Miscellaneous: program service expenses 470,772. Management and general expenses 0. Fundraising expenses 0. Total expenses 470,772. Education and training: program service expenses 202,121. Management and general expenses 0. Fundraising expenses 0. Total expenses 202,121. Atm expenses: program service expenses 160,846. Management and general expenses 0. Fundraising expenses 0. Total expenses 160,846. Subscriptions: program service expenses 99,088. Management and general expenses 0. Fundraising expenses 0. Total expenses 99,088. Government affairs/events: program service expenses 26,412. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,412. Oreo related expenses/losses: program service expenses 21,422. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,422. Corporate credit union stabilization fund assessments: program service expenses -46,000. Management and general expenses 0. Fundraising expenses 0. Total expenses -46,000.”