One Nevada Credit Union

“One nevada credit union is a member-owned state chartered financial institution. Participation in the credit union is limited to those individuals that qualify for membership. The field of membership is defined in the credit union's charter and bylaws. This generally consists of those who live, work, worship, or attend school in clark county, nellis air force base, washoe county, and nye county, nevada.”

“One nevada credit union is a member-owned state chartered financial institution.”

“Various decisions could be required to be brought before the members (e.g. Charter change)”

“Oncu management, as designated by the board, provides requested data to its third-party cpa firm; oncu then relies on its third-party cpa firm to correctly generate the forms; oncu management reviews the forms; oncu then relies on its third-party cpa firm to correctly file the forms with the irs.”

“One nevada's board policies include a director qualifications policy and a code of conduct policy. In both areas, conflicts of interest are addressed in a "top-down" manner. Also, one nevada's employee handbook and management practices guide address conflicts of interest in a "bottom-up" manner. Directors/volunteers are required to disclose any direct or perceived conflict of interest at any time it may occur. They then must abstain from any official action that would trigger that conflict. If they fail to do this, they will be asked to resign. If a debate occurs related to any resignation request, the supervisory committee can step in and suspend the director as it sees fit, call a special meeting of the membership, and take a membership vote on whether the director can continue or not. Obviously, it is impossible to document, through policy, any and all potential conflict of interest circumstances. As such, these matters are handled on a case-by-case basis. There have been no instances of director/volunteer conflict of interest debates in, at least, the last 30 years. Similarly, one nevada's employee handbook and management practices guide contain language that addresses employee conflicts of interest. The policies are clear that all employees cannot have any conflict of interest, and are subject to termination if conflicts are discovered and not cured. There has been one instance of employee conflict of interest in the past ten years wherein that employee was working as a realtor as a side business in direct conflict with oncu's one nevada realty subsidiary. That employee was given the opportunity and reasonable timeframe to cease their realty activities. Upon refusal, the employee's employment was terminated.”

“The board appointed compensation committee meets annually to review and recommend to the board of directors both the annual incentive bonus program and overall compensation plan for the president/ceo. The process includes a review of competitive ceo salary survey data from the cardwell and associates top 200 credit unions ceo total compensation survey and other industry publications as appropriate, such as the kga executive salary survey review/chief executive office. Annually, the board conducts a performance review with the president/ceo to review his overall performance and goal attainment, establish future performance goals and determine the president/ceo's annual compensation. The decisions are documented within the executive session of the board meeting. For other officers and key employees a similar process as noted above, in terms of untilization of third party resource data.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“Armored car services 505,046. Courier service 75,319. Payroll services 25,854. Security 409,159. Other 43,917.”

“Operations expenses 1,881,483. Equipment maintenance 1,794,349. Mobile and home banking maintenance 668,950. Atm processing 421,469.”