Suntide Credit Union

“The credit union is comprised of individual members. These members elect the board of directors from the general membership.”

“The members of the board of directors are elected by the members of the credit union. As a board, they are responsible for the governance of the credit union and have the complete authority to act upon any and all issues involving the credit union.”

“The general membership of the credit union is required to vote on the election of board members and any issues involving a change in the credit union's charter and other governing instruments.”

“Under normal circumstances, the form 990 is reviewed at a regularly scheduled board meeting prior to filing. This year, due to unusual circumstances, the form 990 was presented to and reviewed by management and it will subsequently be presented to the board of directors.”

“Conflicts of interest, as described in the credit union's policies, are presented to the board of directors for research and determination whether or not a particular issue is indeed a conflict of interest. Approriate action will be take by the board if a conflict exists.”

“The board of directors determines the salary of the president/ceo.”

“The president/ceo has the responsiblity and authority to set the salaries of all employees of the credit union.”

“Financial statements are presented at the annual meeting of the credit union. Other policies and governing documents as required by state and federal regulations are available upon request at the main credit union office as well as the branches where 3 or more employees work.”

“The credit union met its goal for providing service to under-served individuals in nueces and san patricio counties. Full service banking products are offered as well as the development of member relationships to assist low income individuals in financial affairs.”