Blaze Credit Union Foundation

“Each committee held meetings as needed and meeting minutes are taken and stored in team folders.”

“Once the 990 is completed, the treasurer routes the 990 to the board of directors. Board of directors are given a number of days to review the 990 for any questions or concerns. If no questions/concerns, the treasurer lets the accounting firm (who puts together the 990) know to process and file the 990.”

“The interested person must disclose the existence of the financial interest and be given an opportunity to disclose all material facts to the directors and members of committees. After the disclosure of financial interest and all material facts , and after any discussion with the interest person, he/she shall leave the governing board or committee meeting while the determineation of a conflict of interest is discussed. The remaining board or committee members shall decide if a conflict of interest exists. The chairperson of the governing board may decide to investigate alternatives to the proposed transaction or arragement. If a more advantageous transaction or arrangement is not reasonably possible under the circumstances no producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction is in the best interest of the ogranization. If the governing board or committee determines the member had failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. All deliberation and decisions regarding conflicts of interest are documented in the meeting minutes.”

“The organization makes the governing documents, conflict of interest policy, and financial statements available upon request.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”