Denver Community Credit Union

“The organization's bylaws were amended to commence using the dba (doing business as) zing credit union.”

“The field of membership of the credit union includes: members of record of the credit union as of the effective date of its conversion to state charter, persons who live or work and legal entities located in the counties of denver, adams, and arapahoe, colorado and employees of the credit union, members of the immediate family of any person who, under the provisions of this section, is eligible for membership in the credit union may be admitted to membership therein ('immediate family' means persons related by blood, marriage, or adoption), a member of a household who resides with a person who, under the provisions of this section, is eligible for membership in the credit union may also be admitted to membership therein. 'household' is defined as persons living in the same residence and who maintain a single economic unit. This includes any person who is a permanent member of and participates in the maintenance of the household, including family members, domestic partners, foster children and legal guardian relationships membership may include any small group that has a common bond of employment or association provided that said group has been accepted in accordance with the rules and regulations of the division of financial services.”

“The members of the credit union annually elect the board of directors to serve for multiple-year terms by mailing in ballots or voting at an annual meeting.”

“Various decisions made by the board of directors for a credit union are subject to approval by the members of the credit union as set forth in ncua rules and regulations and applicable state regulations.”

“The credit union has contracted with a certified public accounting firm for assistance in completion of the form 990. As part of the firm's processes, the form 990 is reviewed by two partners. The completed form 990 is also reviewed by credit union management prior to filing. The chief financial officer presents the form 990 to the board of directors at a monthly meeting.”

“Each year the vice president - human resources meets with the board of directors to review the conflict of interest policy. Directors are given the opportunity to ask questions and then asked to sign a copy of the policy for the file. Employees and managers receive a copy of the code of conduct, code of ethics and conflict of interest at time of hire and then this is reviewed again periodically at the all staff meeting and new signatures are obtained. Employees, management and the board of directors are asked to share up front any potential conflicts of interest. Accounts associated with employees, management and board of directors are flagged as employee or volunteer accounts.”

“Denver community credit union uses the compease program for salary administration. The program identifies ranges based on levels of responsibility for the position in the areas of: experience, education, managerial responsibility, interpersonal skills, independent judgment, mental process, organizational impact, and organizational restraint. Annual updates to salary ranges are received from compease. Mid-range of each grade is considered market price for positions within that grade. For the ceo position: in january, compensation data from compease, as well as salary survey information from mountains states employers council and from cues (credit union executive society), is provided to the board of directors by the vice president - human resources, along with any pertinent articles regarding ceo compensation. The directors individually complete a performance review form rating the ceo in overall assessment, performance objectives, and strategic positioning. The board chair combines the ratings and prepares the narrative. The board meets in executive session to determine the salary and/or bonus to be paid. The review is delivered by the chairman. Any salary increases are effective january 1 as defined in the ceo contract. The irs tax form 990 data is shared with the board of directors. For executive management positions: a similar format performance evaluation is completed on executive managers by the ceo. Salary increases based on performance and length of tenure in position and placement in the grade are made by the ceo. All reviews and increases are to be completed by the first pay period in march.”

“The credit union's governing documents and conflict of interest policies are available for review upon request at the credit union. Monthly financial statements are available upon request. Summarized financial information is available on the credit union's website. Quarterly financial data is accessible to the public at www.ncua.gov.”