Landmark Credit Union

“The credit union is owned by its members.”

“The board of directors are elected by the credit union's membership at the annual meeting. The credit union's bylaws govern the election procedures. The terms of the board of directors, as set by the bylaws, are three years and are staggered so that an equal number expire at each annual meeting. Prior to the annual meeting, the board chairman appoints a nominating committee to nominate a candidate for each vacancy. Nominations may also be made by petition. Election by the membership is performed through written ballots, unless there is only one nominee. All elections are determined by a plurality vote.”

“The following types of decisions are subject to approval by the credit union's members: election & termination of board members and supervisory committee members, expulsion of credit union members, conversion from state to federal charter, and merger decisions.”

“Management and the board of directors perform a review of the form 990 prior to filing.”

“Management regularly reviews officials and employee accounts for unusual activity and conflicts of interest.”

“The board of directors approves the ceo's compensation. The ceo approves all other employee compensation. Salary surveys and performance evaluations are used to determine compensation.”

“The credit union makes its governing documents available to the public upon request. The credit union's financial statements are also provided at the annual membership meeting held in march each year.”

“Transfer of net assets in merger -3,706,737.”

“The credit union receives an annual financial statement opinion audit from licensed auditors. However, the audit period is from april 1st through march 31st. The most recent audited financial statements are as of march 31, 2020.”