Baptist Credit Union

“Baptist is a state chartered credit union comprised of owner/members. These members hold annual meetings at which time the members present elect open positions for board of directors”

“Credit union members are eligible for membership in the credit union if they are within the field of membership and pay the minimum share deposit as authorized by the board of directors. At each annual meeting, they elect open positions from the membership for the board of directors.”

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

“All board of directors and key employees 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 interest.”

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

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

“There were no other achievements other than those recorded on the "statement of program services" attached.”

“Audit fee expense 16,500 0 0 atm processing 104,190 0 0 printing services 22,526 0 0 software support 55,178 0 0 contract labor 31,529 0 0 armored car expense 10,787 0 0 janitorial service 15,820 0 0 total 256,530 0 0”