American Credit Union Mortgage Assn

“The organization has members who have the right to elect members of the organization's governing body and who participate in the organization's governance. There are two classes of membership: primary membership and affiliate membership. The members of the classes of membership having voting rights shall be entitled to vote, as set forth in the bylaws, on the disposition of all or substantially all of the assets of the corporation, on any merger and its principal terms and any amendment of those terms, on any election to dissolve the corporation, on an amendment to the articles of incorporation, except as otherwise specified in the california nonprofit corporations law; and on the addition, amendment or repeal of the bylaws, except as otherwise specified in the california nonprofit corporation law.”

“The members of the classes of membership having voting rights shall be entitled to vote, as set forth in the bylaws, on the election of directors.”

“The members of the classes of membership having voting rights shall be entitled to vote, as set forth in the bylaws, on the disposition of all or substantially all of the assets of the corporation, on any merger and its principal terms and any amendment of those terms, on any election to dissolve the corporation, on an amendment to the articles of incorporation, except as otherwise specified in the california nonprofit corporations law; and on the addition, amendment or repeal of the bylaws, except as otherwise specified in the california nonprofit corporation law.”

“Form 990 is provided to management. Management will then review the 990 with the preparer to ensure all questions are answered. Once all questions are answered and any needed corrections are made, the 990 is included in the next board meeting pack as a voting item. During the next board meeting, the board will review the 990 and vote whether to accept the 990 before filing or resubmitting for corrections. Once the board approves the 990 for filing, management will work with the preparer to file the 990.”

“Officers and directors are required to comply with the organization's conflict of interest policy and disclose any actual or potential conflicts of interest they may have with the organization. If a conflict exists, the respective officer or director will abstain from any related discussion, vote or similar action on the matter.”

“The president's salary is established in the employment contract, which is approved by the board of directors. The board completes an annual performance review and approves a merit salary increase if applicable. The process described here was last completed in 2025.”

“Acuma's governing documents, conflict of interest policy, and financial statements are available upon request through email or at our annual meeting.”

“Acuma services - acuma services offers acuma credit union and cuso members exclusive discounts through strategic partnerships and alliances (in kind - i.e., no income is received) with handpicked organizations on a wide range of products and services.”