Wcu Credit Union

“Mike briscoe, supervisory committee member, and gina briscoe, board of directors secretary, are spouses.”

“Alabama banking code, section 5-17-5 states that, "credit union membership shall consist of the incorporators and such other persons as may be elected to membership and who subscribe to at least one share and pay the initial installment thereon and the entrance fee. Organizations, incorporated or otherwise, composed for the most part of the same general group as the credit union membership may be members. Credit union organization shall be limited to groups, of both large and small membership, having a common bond of occupation or association or to groups within a well-defined neighborhood, community or rural district." wcu credit union,an alabama state chartered credit union, was established to provide these services to its members who live, work, or worship in morgan and lawrence counties, alabama, the immediate families of current members, and other such groups as are approved by the board of directors and the administrator of the alabama credit union administration. As of december 31, 2024, the credit union had membership and provided services to approximately 3,381 members.”

“The members of wcu elect the credit union's board of directors at the annual meeting. Terms are three years and are staggered so that an approximately equal number of terms expire annually. Nominations for available positions are principally made by a nominating committee appointed by the president or chairman of the board, but, under certain circumstances, may also be presented as written petitions of at least three members or called from the floor. Elections are determined by a plurality vote, and each member is allowed only one vote. Written ballots are required when there is more than one nominee for a position. Absentee ballots may be provided for at the descretion of the board of directors. Proxy voting is not allowed, but agents designated in writing may vote on behalf of members who are not natural persons. A member must be 18 years of age or older to vote. A majority of the board of directors may vote to fill vacancies in its own number until the next annual meeting.”

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

“Management reviews the form 990 prior to filing.”

“Credit union staff review the conflict of interest policy each year with the credit union's manager. At this meeting, the staff members are free to ask any questions regarding this policy. The credit union manager consistently monitors the staff to make sure everyone is in compliance with the policy. It is the responsibility of the staff or directors to immediately notify the credit union managers of any potential conflict of interest.”

“Compensation for officers, key employees, & top management officials is determined on a yearly basis. Before compensation is set, the board of directors examines the type and amount of work performed by the employees while taking into account the credit union's prior year income.”

“The credit union makes available its financial statements via the ncua website which can be found at www.ncua.gov. Other documents are available to the public upon request.”

“The credit union makes available its financial statements via the ncua website which can be found at www.ncua.gov. The credit union also makes its financial statements available via its website for the annual meeting. Other documents are available to the public upon request.”

“Other professional services 160,524. Atm & debit card services 140,253. Data processing services 183,023.”