Kitsap Credit Union

“Form 990, Part VI, Section A, Line 6: Kitsap Credit Union had 92,860 members as of December 31, 2015.”

“Form 990, Part VI, Section A, Line 7A: Members elect all directors for a 3-year term. They can run for re-election. Ballots are mailed to all members during the 1st quarter each year.”

“orm 990, Part VI, Section A, Line 8A: KCU records meeting minutes for all committee meetings.”

“Form 990, Part VI, Section B, 11B: The Accounting Manager, Accounting Lead, and SVP/CFO review the return for accuracy.”

“Form 990, Part VI, Section B, Line 12C: The code of conduct/conflict interest policy is required to be reviewed and signed (with or without disclosures) or acknowledged (by electronic signature) upon hire for new employees and annually thereafter for all staff, officials, and directors. Acknowledgements received from individuals who disclose a potential conflict are forwarded to the CEO or CFO for review and approval.”

“Form 990, Part VI, Section B, Line 15A/Line 15B: Kitsap Credit Union uses an outside compensation consultant (one for staff and another for executive compensation) to determine market ranges for pay for all positions. The Human Resources Dept. works with the consultants to ensure pay ranges are competitive and within the market. Actual individual pay for the CEO is determined by the Board of Directors. Pay for officers is determined by the CEO.”

“Form 990, Part VI, Section C, Line 19: Kitsap Credit Union makes the monthly financial statements available to the public by posting them in each branch. Governing documents, such as articles of incorporation, are available upon request. Conflict of interest policies are not made public.”

“Form 990, Part XII, Line 2A/2C: KCU has a Supervisory Committee that oversees the audit of the financial statements. This committee also selects the auditing firm. The financial statements were audited by Moss Adams with the audit term of October 2014 to September 2015.”