Arrowhead Central Credit Union

“Effective march 26, 2025, arrowhead central credit union successfully converted to a federal credit union and is now operating under a federal charter regulated by the national credit union administration (ncua). In accordance with this conversion, the credit union is now recognized as a political subdivision of the united states and is thus exempt under irc section 501(c)(1).”

“Arrowhead central credit union is a cooperative financial institution that is owned and controlled by its members, and operated for the purpose of promoting thrift and savings to its members. Arrowhead central credit union does not have stockholders.”

“The governing board of arrowhead central credit union is comprised of volunteer members who are directly elected by its members. Each member of the governing board serves for a period as prescribed by our by-laws.”

“At the end of each term of the board members, elections are held and board members are voted by the members of the credit union pursuant to its by-laws. Member votes are also required to ratify decisions dealing with reorganizations as in the case of merger or dissolution.”

“The return preparer e-mails a draft of the form 990 to the organization's cfo for his review. The cfo presents any questions, comments, or corrections to the return preparer. Upon satisfactory completion of the form 990, the organization's authorized individual presents the return to the board of directors and signs the appropriate signature form(s) to authorize the electronic filing of the return. A copy of the form 990, as filed, is provided by the return preparer to the organization's ceo or other designated individiual(s).”

“For directors, the volunteer code of personal and business conduct (policy 1.16) (12 pages) requires annual, at a minimum, written acknowledgement and disclosure of potential conflicts of interest. For officers and key employees, the employee handbook, general policies, code of personal and business conduct (13 pages) requires disclosure of outside interests whenever an activity may be contrary to the best interest of the credit union. All employees are required to sign a written acknowledgement of the receipt of the code of personal and business conduct and of any subsequent changes thereto. Violations may subject the employee to disciplinary measures, up to and including termination.”

“The board of directors approves the compensation for the ceo. The ceo approves the compensation for the executives. Market data is used to determine compensation comparability among the executives' salaries.”

“The ncua 5300 call report is available to the public on the ncua website. The credit union's financials are posted at each branch location. Any member may request to see board meeting minutes.”

“Transfer of net assets due to conversion to a federal credit union -292,165,117.”

“The organization has not changed either its oversight process or selection process during the tax year.”

“Arrowhead central credit union converted to a federal charter effective march 26, 2025. With this conversion, the organization, under section 501(c)(1), is no longer required to file annual information returns. As such, this is the final tax return for the period january 1, 2025 through march 25,2025.”