Elevations Credit Union

“Elevations credit union is a member-owned cooperative operated for the benefit of individuals living or working in the counties of adams, arapahoe, boulder, broomfield, clear creek, delta, denver, douglas, eagle, el paso, gilpin, grand, jefferson, larimer, mesa, park, summit, and weld; employees, retirees, or students of the university of colorado-boulder or naropa university; and various select employee groups and their families.”

“Members of the credit union have the right to elect one or more members of the organization's governing body, whether periodically, as vacancies arise, or otherwise.”

“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 controller provides necessary research and data to the preparers of the form 990. The cfo reviews the form 990; the board of directors is also provided with a copy of the form 990 prior to filing.”

“A written acknowledgement is filled out each year by the officers, directors, and employees which could give rise to potential conflicts within the organization. Any potential issues are discussed with the key officers and those charged with governance for resolution. Anyone with a conflict cannot participate in any discussion or vote on the transaction.”

“Human resources conducts a comprehensive compensation market analysis using three different resources for all employees with the exception of the ceo. The board works with an independent consultant, who uses comparative data, to determine the ceo's compensation. All deliberations are documented, and the process is completed annually.”

“Filing of 5300 call report data is available to the public at www.ncua.gov. Annual reports are available for viewing on the credit union's website. The governing documents and conflict of interest policy are not available to the public.”