Wescom Central Credit Union

“The organization is owned by members, membership is available to any and all persons who live, regularly work, currently attend school, or currently worship in the twenty-one counties of california.”

“The organization has members who may elect the governing body. Each member has one vote to elect the members for the governing body of the organization.”

“At the end of each term of the directors, elections are held and board decisions regarding election or removal of directors are voted on by the members of the credit union pursuant to its by-laws.”

“The organization's form 990, return of organization exempt from income tax, is prepared by an outside accounting firm and is reviewed by the vp controller, the svp chief financial officer, and the ceo of the organization. The return then goes through a final review by the board of directors before final submission.”

“The policy is enforced and monitored through our various reporting mechanisms (ethics point, open door communication policy, which includes recommending that employees discuss the issues with their manager, human resources, senior management or the ceo), we address the issue and use our policy for guidance, which promotes consistency.”

“Ceo's compensation: wescom credit union's board of directors partners with a third party vendor to perform regular reviews to ensure that the president/ceo's salary and target incentive remain in the appropriate relationship to the market. Our third party consultant examines the current compensation market through an analysis which includes a credit union peer group based on asset size and financial performance. In addition, the president/ceo's supplemental retirement account is reviewed with the board to evaluation investment performance and to consider any program adjustments that need to be made to ensure the program remains appropriate to the market. The board approves all changes to the president/ceo's compensation and supplemental retirement plans. Form 990, part vi, section b, line 15b: other key employees' compensation: wescom credit union partners with a third party to perform a periodic review to ensure that the executive and staff team members' salary ranges and target incentives remain in an appropriate relationship with the market. Our third party consultant examines the current compensation market through an analysis which includes a credit union peer group based on asset size and financials performance. The hr committee of the board reviews the information and prepares a recommendation for the board of directors approval.”

“Financial statements are available to the public on the organization's website. Requests regarding governing documents and conflict of interests can be submitted to the organization and copies will be provided upon request.”

“The organization's informational return is available upon request or on a public website, guidestar.org.”

“Change in fair value of interest rate swaps 9,689,835. Change in funded status of defined benefit pension plan 788,679. Equity acquired in merger 2,019,038.”