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 770,006. Management and general expenses 0. Fundraising expenses 0. Total expenses 770,006. Miscellaneous: program service expenses 460,574. Management and general expenses 0. Fundraising expenses 0. Total expenses 460,574. Education and training: program service expenses 206,347. Management and general expenses 0. Fundraising expenses 0. Total expenses 206,347. Atm expenses: program service expenses 170,119. Management and general expenses 0. Fundraising expenses 0. Total expenses 170,119. Oreo related expenses/losses: program service expenses 74,884. Management and general expenses 0. Fundraising expenses 0. Total expenses 74,884. Subscriptions: program service expenses 70,706. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,706. Government affairs/events: program service expenses 8,842. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,842.”

“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.”