Nce Credit Union

“Nce is a state chartered credit union comprised of owner/members from a common field of membership and who have paid into their share accounts a board approved minimum membership fee.”

“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 compares 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 cu lobby for all members to review. The governance documents and conflicts of interest statements are available in the cu office for review upon request.”

“Audit fees: program service expenses 10,944. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,944. Adp fees: program service expenses 1,805. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,805. Bank charges: program service expenses 16,036. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,036. Debit card program: program service expenses 18,537. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,537.”

“ROUNDING -1.”