Guardian Credit Union

“The credit union is owned by its members.”

“The board of directors consists of nine board members who are elected at the annual meeting by the membership. The term for each board member is three years. The nominating committee nominates someone for open positions or a name may be placed on the ballot by petition.”

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

“No review was or will be conducted.”

“The credit union makes its governing documents available to the public upon request. The credit union's financial statements can be found on the website at www.ncua.gov.”

“Alabama banking code, section 5-17-1, states that a credit union is a cooperative society incorporated for the two-fold purpose of promoting thrift among its members and creating a source of credit for them at legitimate rates of interest. Guardian credit union, an alabama state chartered credit union, provides these services to its members who are primarily members/employees and their relative of teh alabama army and national guard, municipal employees of the city of montgomery, alabama and various departments of the state of alabama. The credit union's field of membership also includes selected employee groups and is open to all individuals who work, worship, attend school or reside in montgomery, autauga, butler, elmore, chilton, coosa, talapoosa, lee russell, macon, crenshaw and lowndes counties. As of december 31, 2014, the credit union had membership and provided services to approximately 37,800 members.”

“Pension liability 391,612”

“The credit union has a supervisory committee comprised of three volunteers who are responsible for the oversight of the financial statement audit and the selection of the independent accountants. The financial statements were audited as of 12/31/2014.”