Qualstar Credit Union

“Each person seeking membership must be qualified for membership and must submit an application to the credit union. Each application shall be acted upon by the board, or if the board so chooses, membership representatives may be trained and authorized to approve applications. The applicant shall become a member when such application has been approved by the board, or if applicable, the membership representatives and upon his/her subscription to at least one credit union product, or deposit, or loan account.”

“A nominating committee, made up of not fewer than three members nominates at least one member for each board vacancy. The board secretary shall notify in writing all members eligible to vote at least 75 days prior to the annual meeting and that nominations for vacancy may also be made by petition signed by one percent of the members with a minimum of 20 and a maximum of 500. The written notice shall indicate that the election will not be conducted by ballot and there will be no nominations from the floor when there is only one nominee for each position to be filled. All elections shall be determined by plurality of vote and shall be by all except where there is only one nominee for each position to be filled.”

“The form 990 was prepared by an outside cpa firm with the help of the director of business solutions & audit. The form was reviewed by the president/ceo prior to submission to the irs.”

“Disclosure is required of all potential conflicts of interest, either business or personal relationships with employees, members, vendors, business associates, or competitors of the credit union. The credit union will also retain on file all written reports of any disclosures made regarding the credit union code of conduct. Employees, officers, and directors of the credit union are required to acknowledge that they have read and understood the code of conduct and any subsequent modifications, and that they agree to comply with this policy. Employees and officers are required to disclose this information annually.”

“The organization uses a compensation committee to establish the ceo compensation annually. The committee also uses an independent compensation consultant, written employment contract, and compensation survey or study.”

“The information is available upon request.”

“Other professional and outside services 3,484,587.”

“Other professional and outside services to support the credit union such as courier and mailing services, card network charges, and shared branching netwrok charges.”