Responders Emergency Services Credit

“Changed bylaws to update that the supervisory committee was expanded from three members to four supervisory committee members.”

“The credit union is comprised of members who have share accounts. Each member is entitled to one vote regardless of the dollar amount in their account. Eligibile members are: 1)active or prior employee of, and/or an individual fully certified or commissioned by law enforcement related agencies and organizations of all kinds in the state of washington and the idaho panhandle. 2)active or prior employee of, and/or individual fully certified or commissioned by firefighter related agencies and organizations in the state of washington and the idaho panhandle. 3)active or prior employee of, and/or individual fully certified or commissioned by emergency medical services related agencies and organizations in the state of washington and the idaho panhandle. 4)family member who is sponsored by the rescu member. 5)once a member, always a member. If you move anywhere in the u.s., you may retain your membership with the credit union.”

“Director elections are held each year, where all members are given an opportunity to vote.”

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

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by the ceo and board chairman and any changes are incorporated into the filing. Once this detailed review is complete, the form 990 is then filed with the irs and the rest of the board will receive a copy at the next board meeting.”

“The credit union has a conflict of interest policy and this is reviewed and updated during the regularly scheduled board meeting after the annual election process is completed. Any conflict of interest is evaluated at the time of employment, appointment to the board of directors or supervisory committee. Management is responsible for following the personnel policy put in place by the board of directors and needs to comply with the personnel policy.”

“The industry pay survey (cuna) is used as the basis of reference for ceo compensation. Ceo compensation is discussed and proposed to the board by a board assigned compensation committee. Compensation is discussed and voted upon by the board and put into an employment contract that is signed by the board chair and ceo. Staff pay guidelines are proposed to the board by the ceo and is approved by the board for planning purposes. All decisions are documented in the employee's personnel files.”

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

“The credit unions mortgage portfolio expanded to offering land and secondary home loans at the beginning of 2024. Also the credit union opened a second branch in post falls, idaho to better accommodate our idaho members.”

“Provision for loan loss 57,232.”