American Southwest Credit Union

“The organization amended its bylaws in 2024 to update the maximum number of board members from 7 to 11.”

“Each of the american southwest cu's 33,500 members has a voting right when they obtain a share in the cu with their membership. Each has the right to appoint members to the cu's board of directors when positions become available.”

“The credit union's members have rights to elect the members of the governing body. The credit union's members also receive a share of the organization's profits in the form of cash dividends.”

“Each of the american southwest cu's 33,500 members have a voting right when they obtain a share in the cu with their membership. Each has the right to appoint members to the cu's board of directors when positions become available. Members also have the authority to vote on measures such as the scope of membership, service areas, and mergers.”

“The chief financial officer preprares information for the 990 using internal credit union documents. After preparation, the chief executive officer and the board of directors review the 990 at the monthly board of directors meeting.”

“The supervisory committee is tasked with the responsibility of regularly monitoring for compliance and the report to the board of directors, ncua, or state of arizona, if applicable.”

“The board of directors meets annually to evaluate the ceo and uses industry compensation and benefit surveys to assist them in arriving at a fair compensation level. This is done in a closed session without the ceo present. The evaluation process is tied to the cu's 3-yr strategic plan. The ceo uses two national compensation and benefit sources when determining the pay for all staff.”

“There is no policy restricting the public from viewing the governing documents and conflict of interest policies. All documents are available upon request.”