A Plus Credit Union

“The Organization determined to be wholly acquired effective 1/1/2014.”

“Credit unions are controlled by members who elect a voluntary board of directors. The directors are not compensated for their time - they are unpaid volunteers.”

“Credit union members elect the governing board of directors in annual elections.”

“Yes - a decision to merge the Organization would be subject to a vote of the general membership, for example. Similarly, some items (like a merger) would also be subject to approval by state and/or federal regulators.”

“Because the organization ceased to exist as of 1/1/2014 (due to an acquisition), the governing body has been disolved and thus unable to review the form.”

“Contracts for products or services are not engaged for directors with a monetary interest in a third pary. All contracts are approved by the board of directors.”

“The Manager/CEO salary is reviewed annually. Only the board of directors can grant an increase to this salary.”

“We have an independent auditor (a state-licensed CPA) who conducts supervisory committee agreed-upon procedures every year. All books are opened to the auditor. We are also subject to examinations with the State of Idaho Dept of Finance. Not all personal and private records are open to the general public or membership, but all financial reports are posted in the lobby monthly.”

“The Organization was acquired in full (and thus ceased to exist) on 1/1/2014.”

“The Credit Union takes in deposits from our membership and others in the public with which we finance loans. Deposit and loan balances change daily. This amount is the difference in total deposits from 2012 to 2013.”