Freestone Credit Union

“Credit union is comprised of owner/members formed from a common field of membership with each members having paid an approved minimum membership fee.”

“The members hold annual meetings at which time the members present elect open positions for board of directors.”

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

“All board of directors are required to file an annual conflict of interest disclosure statement. The credit union monitors these statements to determine any outside entity activity and the nature of such interests.”

“Board of directors review the compensation paid to their president/ceo on an annual basis and compares compensation levels againstg industry standards, credit union size, and services. All deliberations are formally recorded in appropriate official minutes. The president is responsible for review of key employees and staff.”

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

“Our mission is to provide quality financial services to our members. We are dedicated to provising loans at reasonable rates, promoting thrift and maintaining financial stability to safeguard the assets of freestone credit union. At the same time, we will offer these services with professionalism, integrity and innovation to provide for the individual needs of each member. Although soundness and safety of op0erations is imperative, service in a cooperative spirit is vital.”

“Outstanding share/deposit accounts as of 12/31/13 were 32,639,526 outstanding condumer loans as of 12/31/13 were 15,909,562 there were 1731 checking accounts as of 12/31/13 totaling 7,313,912 there were 86 irs accounts as of 12/31/13 totaling 2,089,905”