Gecu

“The organization is a state chartered community credit union. Membership is established through the opening of share accounts at the institution. Members vote at an annual meeting to elect representatives to the board of directors of the institution.”

“The organization is a state charterd community credit union. Membership is established through the opening of share accounts at the institution. Members vote at an annual meeting to elect representativs to the board of directors of the institution.”

“As discussed in 7a, members hold elections at an annual meeting to elect members to the board of directors for those board members whose terms are ending.”

“The ceo and controller review form 990 prior to filing. Upon completion of their review the return is filed with the internal revenue service. The organization informs the board of directors that form 990 is available to them upon their request.”

“Any officer, director, advisory director or committee member of the credit union must disclose any conflict of interest prior to deliberation or determination of any loan, investment or any other matter affecting that individual and the individual can not participate, directly or indirectly, in such deliberation or determination.”

“The institution uses hrn, an independent compensation consultant, to supply comparative market data. Other reputable sources such as cuna, d. Hilton and credit union executive society are also used. A report is prepared for board of directors review. The board will set the salary, bonus and benefits for the ceo.”

“Gecu does not make its governing documents or conflict of interest policy available to the public. Financial statements are posted in the lobby of each branch office each month and are available to the public upon request from any officer or manager.”

“Unrealized holding loss on post retirement obligations -6,077.”

“No changes have been made with regards to the audit oversight or selection process during the current tax year.”