America'S Christian Credit Union

“The board of directors may appoint an executive committee of no fewer than three (3) directors, and delegate to such committee the power to approve membership applications. With the written approval of the commissioner, the executive committee may act for the board of directors in the purchase and sale of securities, investment and withdrawal of funds, in borrowing funds and in making loans to other credit unions in accordance with applicable law and regulations.”

“The organization has members. The field of membership shall be limited to those having the following common bond: churches, ministries and schools aligned with wesleyan christian doctrine; ministers, employees, members, officers, teachers, students and others in these churches, schools and organizations; organizations of such persons; employees of this credit union; immediate family members living in a member of this credit union's home; and, other credit unions organized under either federal or state laws appertaining to credit unions.”

“The board of directors are elected by the membership.”

“Certain decisions must be approved by the membership.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by management and any changes incorporated into the filing. Once this detailed review is complete, the draft of the form 990 is presented to the board of directors for their review and comments prior to filing with the irs.”

“When hired, all staff are required to read and sign a code of conduct policy which outlines in detail the behavior expectations of the staff, including conflict of interest. This code of conduct incorporated the california credit union league's code of ethics. All new staff are also required to disclose in writing any related party accounts at the credit union so they can be coded and restricted from access. Periodically staff are asked to update this list of related party accounts. Staff accounts and accounts of related parties of staff are coded as such in our core system. Verafin software performs constant bsa and fraud analytics to detect transactions that would indicate suspicious activity.”

“The organization uses the compease system which provides regional credit union salary data to benchmark all staff wages. Annual wage increases are based on employee performance scores and where the employee falls within the wage range provided by the compease system for comparable job grades. The board of directors determines and approves the compensation of the ceo and the incentive plan for all staff. The ceo makes compensation decisions for other officers and key employees and uses the compease compensation system as a framework. Compensation decisions are documented in the employee's personnel file.”

“Governing documents and the conflict of interest policy are available upon request. Monthly financial statements are posted in the organization's branch. The annual financial statement is included in the published annual report posted on the organization's website. Financial statements are also available upon request.”