Ee South Texas Credit Union

“Ee south texas is a state chartered credit union comprised of owner/members. The members hold annual meetings at which time the members present elect open positions to the board of directors.”

“Members have annual meetings at which time they elect directors to fill the open positions on the board.”

“A copy of form 990 is provided to each board member for review. After detailed review and discussion, the form is approved for remittance to the irs.”

“Board of directors reviews the compensation paid to their key employees on an annual basis and compares compensation levels against industry standards, cu size, and services. All deliberations are formally recorded in appropriate official minutes.”

“Credit union posts its financial statements in the lobby for all members to review. The governing documents and tax returns are available in the credit union office for review upon request.”

“Ee south texas credit union is a non-profit savings institution, incorporated under the provisions of the texas credit union act, for the purpose of encouraging thrift among their members, and for providing credit at a fair and reasonable rate.”

“NOT APPLICABLE”

“No taxable income was recorded during taxable year 2018.”

“Credit union liquidation -1,192,280 the credit union completely liquidated as of december 31, 2018. All assets and liabilities were dissolved and remaining equity was distributed to the qualified members as of year-end. Form 990, schedule n is attached which identified the liquidating transactions which occurred during this process.”