Kitsap Credit Union

“Kitsap credit union had 116,215 members as of december 31, 2020.”

“Directors are elected for a 3-year term and can run for re-election. New directors are approved by existing directors typically, but members will approve the directors if the number of directors nominated exceeds the openings. Ballots are mailed to members only when necessary.”

“The board members, accounting manager, accounting supervisor, and svp/cfo review the return for accuracy prior to filing.”

“The code of conduct 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. No director or committee member of the credit union will participate in the deliberation of any question affecting his/her own, immediate family member's, or household member's pecuniary interest. Such director or committee member will withdraw from the deliberation and decision upon such interest. Any potential conflict concerning a board member would be addressed by the board chair, and if appropriate, the board and/or ceo. A board member who does not abide by the code of conduct may be suspended or removed his or her position. A potential conflict involving a staff member would be addressed by management.”

“Kitsap credit union used an outside compensation consultant (one for staff and another for executive compensation) to determine market ranges for pay for all positions in 2018. The human resources department works with the consultants to ensure pay ranges are competitive and within the market. Actual individual pay for the ceo is determined by and voted on annually by the board of directors. Pay for officers is determined by the ceo.”

“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.”