Horizons North Credit Union

“Line 6 explanation - employees, students and family members of adams 12 five star schools, employees of the city of northglenn, employees of american furniture warehouse, members of consumers united, a few other smaller businesses in the community, and residents and persons who work in adams, denver and broomfield counties. The city of westminster was added to the field of membership in july 2021. A one time membership fee of $5 must be paid and the member must maintain at least $5 in their share account at all times. Proper documentation (identification) and no amount owing on a prior negative account record.”

“Line 7a explanation - the board of directors is elected by the membership. Calls for nominations to the board are made on an annual basis through the newsletter, mailings, and on the website. Members in good standing may be nominated for the board. Ballots are sent out through the spring newsletter and the election results are announced at the annual membership meeting in may.”

“Line 7b explanation - merger - requires two thirds majority vote of voting members. Charter conversion - requires two thirds majority vote of voting members. Dissolution and liquidation - requires majorty vote of entire membership. Name changes - requires a majority vote of the membership.”

“Line 11b explanation - the draft of the form 990 to be filed with the irs will be emailed by the svp/cfo to all board members and management team. The svp/cfo will thoroughly review the form with the preparer (independent cpa firm) and be available to answer any questions from management or the board.”

“Every director and supervisory committee member must sign a conflict on interest statement annually and disclose any potential conflicts (family accounts, etc.)”

“The credit union has an annual review and approval by independent persons (the employee's supervisor or the board for the ceo) and a completed, documented review form is filed in the employee's personnel file immediately.”

“Governing documents and conflict of interest policy available to the public upon request. Financial statements are posted monthly in the entryway of the credit union's only location.”

“Number of employees is reported as zero as the credit union does not file form w-3. Coadvantage, as common paymaster, files form w-3 under their own fein to report the compensation of all credit union employees.”