Fort Mcclellan Credit Union

“Fort mccellan credit union is a non-profit financial institution that is owned and operated by its members. In order to become a member of the credit union, an individual must live, work, or attend school in calhoun, cleburne, talladega, clay, randolph, cherokee, etowah, st. Clair and chambers counties in the state of alabama.”

“Members of the credit union elect members of the governing body by plurality vote at the annual meeting.”

“The credit union does not have committees with the responsibility to act on behalf of the governing body.”

“Upon completion of the credit union's form 990, the return is presented to the board at a board of directors meeting. At the meeting, the board members review the tax return and are free to ask any questions or engage in discussion regarding any topic covered in the return. Once the governing body has reviewed and approved the form 990, the return is filed with the internal revenue service.”

“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 constantly monitors the staff to make sure everyone is in compliance with the policy. It is the responsibility of staff or directors to immediately notify the credit union managers of any potential conflict of interest. Additionally, the fort mcclellan credit union does not hire family members for work done at the credit union.”

“Compensation for the ceo is determined on a yearly basis. Before compensation is set, a personnel committee examines the type and amount of work performed by the ceo while taking into account the credit union's prior year income. The committee uses national peer group salary guides provided by cuna as an independent salary guide. The personnel committee then presents the salary to the board of directors for approval. All other salaries are set by the ceo, pending board approval, based upon the cuna salary guide.”

“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.”

“On a yearly basis, the national credit union administration and the alabama credit union administration examine the financial statements of the credit union. Additionally, the league of southeastern credit unions performs similar procedures and review of the credit union's financial statements quarterly.”

“Fort mcclellan credit union 1731 noble street anniston, al 36201 employer identification number: 63-0346919 for year ending december 31, 2017 fort mcclellan credit union is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

“Fort mcclellan credit union 1731 noble street anniston, al 36201 employer identification number: 63-0346919 for year ending december 31, 2017 fort mcclellan credit union is making the election to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”