Craig Credit Union

“Craig 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 worship in dallas, chilton, perry, autauga, lowndes, or wilcox 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.”

“Craig credit union follows ncua's written conflict of interest policy which states that credit union employees and their immediate family members may not receive anything of value in connection with its investment transactions. Also, the credit union's officials and employees must not conduct transactions with business associates or family members that are prohibited by ncua regulations. This policy is monitored by the credit union.”

“Compensation for officers, key employees & top management officials is determined on a yearly basis at the december board meeting. 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 and next year's budget. The board uses national peer group salary guides provided by cuna as an independent salary guide and also takes into consideration local area comparable salaries. The officer abstains from voting on her compensation.”

“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 alabama credit union administration and supervisory committee examine the financial statements of the credit union.”

“Craig credit union 1102 singleton drive selma, al 36703 employer identification number: 63-0384036 for the year ending december 31, 2014 craig credit union is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

“Craig credit union 1102 singleton drive selma, al 36703 employer identification number: 63-0384036 for the year ending december 31, 2014 craig credit union is making the election to capitalize repair and maintenance costs under reg. Sec. 1.263(a)-3(n).”