California Credit Union League

“The executive committee is comprised of three board members; the chair, vice chair and one additional board member. The committee only have those powers specifically delegated to it by the board of directors and the chairman should preside at all meetings.”

“The organization has members.”

“The bylaws of the organization establishes a range of board of directors between seven to thirteen elected by the membership.”

“Limited governance authorities are reserved to the membership of the organization, including: electing representatives to be board of directors, calling a special meeting of the membership, amending the bylaws.”

“The form 990 is reviewed by the accounting department, the president/ceo and by the treasuer of the organization. The form 990 will be sent electronically to all league board of directors prior to filing.”

“Policies are updated and distributed to board members annually for adoption.”

“The ceo's compensation is contractual and determined by the board of directors and is based on the following: 1. Annual written performance evaluation. 2. Salary is based on percentage change in the average base salaries, plus or minus two percentage points, of ca summit roundtable ceo's as determined by the annual srt compensation survey. Top management and other employee's salaries are benchmarked by an outside consultant. Job descriptions are reviewed and each position is graded which places it in a range of salaries with a min, middle and max. Placement in the range is based upon education and experience. Salary grades are reviewed by outside consultants and adjusted every couple of years.”

“Governing documents, conflict of interest policy, and financial statements are available upon request to the public.”

“The organization's employees are paid through collaborative office solutions, llc (ein 27-1415599), a professional employer organization. Scott simpson, president/ceo, is paid through utah credit union association (ein 87-0225267), an exempt organization. Portion of his compensation is reimbursed by california credit union league.”

“Non-deductible contributions may be included in the dues paid by the members of the organization. As all of the members are not-for-profit credit unions, these non-deductible contributions are deductible by them as an exempted expenditure. Accordingly, no statement is required.”

“Administrative services 1,804,118. Outside services 231,955.”

“There has been no change in either the oversight process for the review of the financial statements or the selection process for the independent accountant during the tax year.”