O Bee Credit Union

“Membership is open to anyone who lives or works in washington state as well as being related to someone who is a member of o bee and is in good standing, and who lives or works in washington state. An individual is considered a member if they have a share or loan account with the credit union. The credit union had 30,108 members as of 12/31/2018.”

“Each credit union member may vote for members of the board of directors and supervisory committee.”

“There are no committees that have authority to act on behalf of the governing body.”

“The return is submitted to the board of directors for their review before the filing of the return.”

“Annually, directors and key employees must sign a code of ethics that includes conflict of interest guidelines and indicate disclosure of any conflicts of interest. This is monitored via review of responses to the annual code of ethics disclosure. If there are any changes to the person's employment or extra-curricular activities, they are required to report that to human resources.”

“Ceo compensation is determined by the board of directors with the assistance of an outside consultant and industry salary data and is documented. Other officers or key employees salaries are determined by ceo and vp of hr using industry salary data.”

“Upon request. Quarterly financial statements are available to the public via the 5300 call report.”

“Loan expenses 411,492. Atm and network expenses 181,646. Collection expenses 177,886.”

“As allowed by state regulatory authorities, the audit is done as of march 31st. The reporting period for the audit, therefore, does not match the reporting period for the 990. Per the credit union's march 31, 2018 financial statements, the credit union is a state-chartered credit union and is exempt under irc section 501(c)(14) and exempt from federal and state income taxes.”