Colorado Credit Union

“Colorado credit union, is a member-owned financial cooperative that operates for the benefit of the employees, retirees and family members of johns manville corporation (formerly schuller corporation) and its wholly owned subsidiaries who work or are paid or supervised at various locations, select employer groups, associations and people who live or work in certain counties and census tracts or zip codes.”

“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 990 return is reviewed by management prior to submission. The board of directors does not review the 990 return prior to submission.”

“The "board and committee members conflict of interest policy" is reviewed by the board annually. Each volunteer signs the "conflict of interest policy form" annually. Management periodically signs conflict of interest forms as well, although less frequently than annually.”

“The president/ceo's salary is established by the board of directors. A salary survey system is also utilized to ensure that compensation remains within reasonable ranges. The president/ceo establishes salaries for all key employees. A salary survey is also used for key employees to ensure that salaries are reasonable. All salary decisions are documented along with an annual performance evaluation. Colorado 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.”

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

“On october 1, 2022, the credit union merged with white crown credit union (white crown). Colorado credit union's charter was the surviving charter and the credit union acquired all assets and assumed all liabilities of white crown as of october 1, 2022.”

“Equity acquired in merger 4,572,557.”