Unknown Organization

“Credit union is a state chartered credit union comprised of owner/members.”

“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 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 compare compensation levels against industry standards, credit union size, and services. All deliberations are formally recorded in appropriate official minutes.”

“The 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.”

“Cmecu share accounts offer advantages to members of all ages. Cu had 7,631 members owner accounts on december 31, 2013. Members savings accounts pay dividends quarterly and offer access through branch, home banking via the internet or telephone and atm's. Cmecu has provided vehicle loans since its early years. The consumer loan product line now includes efficient underwriting and flexible offerings for boats and motorcycles. Consumer life and disability insurance is available on any of these loan types. Additionally, the credit union offers mortgage and home equity loans with flexible qualification requirements. Credit union established a partnership with ahsti whcih is a community development financial institution certified by the treasury. Ahsti provides housing needs to low income people. Cmecu will provide other financial needs to their clients by opening a branch at the corporate building.”