Oregon Community Credit Union

“In 2016, the oregon community credit union bylaws were amended to include a provision enabling the board of directors to receive reasonable compensation for services rendered to the credit union in their capacity as directors and the field of membership was amended to include members of the bimart federal credit union and bimart membership discount store.”

“Any individual with an account at the credit union is considered a member.”

“Each primary member of the credit union is given one vote and is able to elect members of the governing body.”

“Major decisions of the governing body are subject to approval by members, however, day to day decisions are not subject to member approval.”

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“A copy of form 990 is provided to the organization for review prior to filing; the ceo and cfo of the organization review the form 990.”

“The organization has a conflict of interest policy in place for both the company and the board. Expectations are clear at the senior management level and are communicated downward. The organization has tracking procedures in place for possible and confirmed conflicts of interest. If a conflict of interest is determined to exist involving a board member, that member would be required to abstain from voting on the issue.”

“Total compensation, including base pay, incentives and other benefits, is compared against cues executive compensation program, milliman nw financial industry survey results and other executive publications/reports. Ceo compensation is reviewed by the board personnel committee and approved by the full board. Compensation amounts are tracked for future reference. The last formal compensation comparison review by the organization was performed in 2016.”

“The organization's financial statements are posted online and in credit union branches and are available upon request. Governing documents are available to members upon request.”

“The credit union is governed by the national credit union administration (ncua). As such, regulators review the financial transactions of the credit union on a consistent basis. In addition, the credit union maintains a supervisory committee to oversee the performance of an annual audit of the statements of financial condition. These audited statements of financial condition are prepared on a september 30th year end.”