2024-10-31T16:25:53-05:00 2023-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2023-01-01 941209440 SAN FRANCISCO FIRE CREDIT UNION SANF 4156744800 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 THU NGUYEN VP/CONTROLLER 4156744800 2024-10-30 1 0 JACK C TRACY P01974742 2482443000 2024-10-30 2023 2024-10-15 13:58:12Z KATHERINE DUVALL 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 77898768 0 X WWW.SFFIRECU.ORG X 1951 CA BUILT BY SAN FRANCISCO FIREFIGHTERS AND COMMITTED TO THE FINANCIAL SAFETY AND SECURITY OF OUR COMMUNITY. 7 7 232 9 11354 340 0 0 54077770 60632195 8579155 9897901 0 6172839 62656925 76702935 20000 39456 2159454 0 26066788 27612122 0 0 0 27682468 40195168 55928710 67846746 6728215 8856189 1827357226 1756924114 1751714329 1666481201 75642897 90442913 X BUILT BY SAN FRANCISCO FIREFIGHTERS AND COMMITTED TO THE FINANCIAL SAFETY AND SECURITY OF OUR COMMUNITY. 0 1 MORTGAGE LENDING:PROGRAM BENEFITS CREDIT UNION MEMBERS AND THE REGIONAL COMMUNITIES LOCATED WITHIN OUR FIELD OF MEMBERSHIP INCLUDING SAN FRANCISCO, SAN MATEO, AND MARIN COUNTY. THE CREDIT UNION HAS MADE HOME OWNERSHIP MORE AFFORDABLE BY OFFERING LOW DOWN PAYMENT LOAN PROGRAMS, PARTICIPATING IN FIRST TIME HOMEBUYER PROGRAMS, AND OFFERING COMPETITIVE RATES, LOAN FEES, AND TERMS. ADDITIONALLY, THE CREDIT UNION SUPPORTS SAN FRANCISCO FIREFIGHTERS THROUGH PROGRAMS DEVELOPED TO ASSIST THEIR FINANCIAL NEEDS. VEHICLE LENDING: PROGRAM BENEFITS CREDIT UNION MEMBERS AND THE REGIONAL COMMUNITIES LOCATED WITHIN OUR FIELD OF MEMBERSHIP INCLUDING SAN FRANCISCO, SAN MATEO, AND MARIN COUNTY. THROUGH DIRECT AND INDIRECT VEHICLE LENDING CHANNELS, THE CREDIT UNION ASSISTS MEMBERS AND NON-MEMBERS LOCATED IN THE CREDIT UNION'S FIELD OF MEMBERSHIP BY PROVIDING A SAFE, EFFICIENT, SECURE PROCESS TO ORIGINATE NEW AND USED VEHICLE LOANS, PROVIDING COMPETITIVE RATES AND TERMS. CREDIT CARDS/SOLAR/STUDENT LOANS: PROGRAM BENEFITS TO CREDIT UNION MEMBERS AND THE REGIONAL COMMUNITIES LOCATED WITHIN OUR FIELD OF MEMBERSHIP INCLUDING SAN FRANCISCO, SAN MATEO, AND MARIN COUNTY. THE CREDIT UNION OFFERS A COMPETITIVE CREDIT CARD TO MEMBERS AND NON-MEMBERS. THE CREDIT UNION ASSISTS STUDENTS BY PROVIDING THEM WITH FINANCING OPTIONS TO HELP THEM REACH THEIR EDUCATIONAL GOALS. THE CREDIT UNION PROVIDES SOLAR FINANCING TO MEMBERS AND NON-MEMBERS TO ACQUIRE AND INSTALL HOME SOLAR SYSTEMS TO ASSIST HOMEOWNERS WITH THEIR SOLAR NEEDS, PROVIDING COMPETITIVE RATES AND TERMS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 15619 0 1 232 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 CA X THU NGUYEN 4156744800 3201 CALIFORNIA STREET SAN FRANCISCO CA 94118 BROOK BAKER CHAIPERSON 4.00 X 0 0 0 ROBERT OLSON VICE CHAIRPERSON 2.00 X 0 0 0 KIM WEISS SECRETARY 2.00 X 0 0 0 ETTORE LEALE DIRECTOR 2.00 X 0 0 0 ROBERT CAPPA DIRECTOR 2.00 X 0 0 0 ANTHONY DILUZIO DIRECTOR 2.00 X 0 0 0 ANTHONY RIVERA DIRECTOR (EFFECTIVE FROM MARCH 2023) 2.00 X 0 0 0 KATHERINE DUVALL CEO 50.00 X 919705 0 1543456 ROBERT KASSAB CHIEF FINANCIAL OFFICER 50.00 X 385002 0 51158 ANTHONY VITALE CHIEF INFORMATION OFFICER 50.00 X 373206 0 39158 IICHOO CHEW CHIEF MARKETING OFFICER 50.00 X 331849 0 3694 ERICK WELCH CHIEF EXPERIENCE OFFICER 50.00 X 297188 0 21230 BRYDEN CAIRNEY CHIEF LENDING OFFICER 50.00 X 314762 0 20491 DAWN CHUTE CHIEF PEOPLE OFFICER 50.00 X 269555 0 39143 JOHN BASALLA CHIEF RISK OFFICER 40.00 X 219899 0 24350 THU NGUYEN VP CONTROLLER 40.00 X 203876 0 21382 JOHN MIX VP COMMERCIAL LENDING 40.00 X 255721 0 35370 NAS BIRMINGHAM VP DIGITAL EXPERIENCE 40.00 X 214316 0 34080 CAROL FRIEND DIRECTOR OF LENDING OPEARTIONS & ADMIN 40.00 X 221388 0 22855 SARAH SCHAFER VP INTEGRATED MARKETING 40.00 X 208190 0 15894 DENNIS BARNES AVP IT SERVICE DELIVERY 40.00 X 210126 0 10149 NEIL CONROY VP OPERATIONS & MEMBER EXPERIENCE 40.00 X 188801 0 17439 WHITNEY HAYES DIRECTOR HEAD OF BUS DEV & COMM. IMPACT 40.00 X 173017 0 16542 MECHELL KEITH AVP PMO 40.00 X 170357 0 20584 DEANNE MIRANDA VP CONSUMER LENDING 40.00 X 167730 0 15483 EMILY BOROWSKI VP COMPLIANCE 40.00 X 165931 0 27372 MIRABEL ZAMORA VP REAL ESTATE LENDING OPERATIONS 40.00 X 161717 0 15894 MANUELA FRANCO AVP OPERATIONS 40.00 X 157979 0 31513 JUAN JIMENEZ AVP BUSINESS INTELLIGENCE 40.00 X 145187 0 41386 MAX EDWARDS AVP MEMBER SERVICES 40.00 X 143733 0 19586 NARAH SILAPHENT SR. COMMERCIAL LOAN ADMIN 40.00 X 165051 0 15333 THOMAS HUGHES MANAGER OF APPLICATIONS DEVELOPMENT 40.00 X 149066 0 26418 OLIVIA ROTHSCHILD MARKETING MANAGER 40.00 X 146036 0 34141 6359388 0 2164101 61 0 1 0 DBSI INC 6950 W MORELOS PL STE 1 CHANDLER AZ 85226 DESIGN-BUILD AND SPACE PLANNING SERVICE 2921899 XTERRA SOLUTIONS INC 311 CALIFORNIA ST SUITE 300 SAN FRANCISCO CA 94014 SOFTWARE AND CONSULTING 1908533 ALKAMI TECHNOLOGY INC 5601 GRANITE PKWY 120 PLANO TX 75024 ONLINE BANKING 1362899 VISA USA INC PO BOX 742233 LOS ANGELES CA 90074 CREDIT CARD/DEBIT CARD SERVICES 1208438 CO-OP FINANCIAL SERVICES 9692 HAVEN AVE SUITE 300 RANCHO CUCAMONGA CA 91730 CREDIT/DEBIT/ATM/DIGITAL PAYMENT SERVICE 1165298 48 INTEREST ON LOANS 522100 58062325 58062325 FEE INCOME 522100 2558516 2558516 FINANCE AND INSURANCE 520000 9976 9976 PARTNERSHIP INCOME 901101 1378 1378 60632195 9875447 9875447 1218287 1195833 22454 22454 22454 INTERCHANGE INCOME 522100 5481657 5481657 OTHER OPERATING INCOME 522100 433827 433827 CUSO INCOME 522100 257355 257355 6172839 76702935 66793680 11354 9897901 X 19456 20000 7637552 14669563 654118 3185096 1465793 92606 425032 7593 4431522 1297839 849114 4097906 1972019 408085 16386583 1682220 461198 UBI EXPENSE 10702 CREDIT/DEBIT CARD EXPEN 3678715 MISCELLANEOUS 2015315 PROVISION FOR LOAN LOSS 1193104 1185615 67846746 1824373 1122534 69650481 76148978 1414660 1848359 15696599 13416678 1224541095 1170558121 3766183 4236479 23904936 11663680 11720983 12241256 414460925 389708966 13744090 15094687 70537837 72548056 1827357226 1756924114 17058544 21360082 2162938 2029459 168000000 210000000 1564492847 1433091660 1751714329 1666481201 X 0 0 0 0 75642897 90442913 75642897 90442913 1827357226 1756924114 X 8856189 11221228 -5277401 X X 0 1 X 1 0 7593 7593 7593 1 CALIFORNIA CREDIT UNION LEAGUE POLITICAL ACTION COMMITTEE 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 952626042 7593 0 0 1 X 2479464 2479464 5639479 2455483 3183996 5659656 3175924 2483732 3521376 2203224 1318152 6604961 3829049 2775912 12241256 SHARES 152264982 SHARE DRAFTS 459349494 OTHER SHARES 3215604 MONEY MARKET 522828323 LEASE LIABILITY 6811193 IRA SHARES 11181045 CERTIFICATES OF DEPOSIT 277441019 1433091660 X 76702935 0 76702935 0 76702935 67846746 0 67846746 0 67846746 PART IV, LINE 2B: THE CREDIT UNION HOLDS ESCROWED FUNDS FOR THE PAYMENT OF PROPERTY TAXES AND HOMEOWNERS' INSURANCE. THE CREDIT UNION THEN REMITS THESE FUNDS TO THE APPLICABLE THIRD PARTIES ON BEHALF OF THE BORROWERS AS A SERVICE TO OUR MEMBERS WHO HAVE MORTGAGES WITH THE CREDIT UNION OR HAVE MORTGAGES SERVICED BY THE CREDIT UNION. PART X, LINE 2: THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. 1 SF LOCAL 798 TOY PROGRAM 1139 MISSION ST SAN FRANCISCO CA 94103 942598851 501(C)(3) 14456 0 INCLUDES TOY PROGRAM DOLL AND BALL DONATIONS AND GOLF TOURNAMENT SPONSORSHIP 1 0 SCHOLARSHIPS 8 20000 PART I, LINE 2: SF FIRE CREDIT UNION STARTED MAINTAINING A GRANT SPREADSHEET TO TRACK GRANTS OR ASSISTANCE BEGINNING JULY 2022 WHICH INCLUDES THE NAMES OF THE CHARITY, AMOUNT, TYPE OF DONATION AND CONTACT. IN 2022 AND THROUGH 2023, 100% OF THE DONATIONS ARE FIREFIGHTING-RELATED. WE ARE IN THE PROCESS OF FORMALIZING AND DOCUMENTING THE SELECTION CRITERIA. X X X 1 1 X X X X 0 1 0 KATHERINE DUVALL CEO 722644 0 106356 0 90705 0 1513200 0 30256 0 2463161 0 0 0 ROBERT KASSAB CHIEF FINANCIAL OFFICER 371900 0 13102 0 0 0 13200 0 37958 0 436160 0 0 0 ANTHONY VITALE CHIEF INFORMATION OFFICER 334489 0 38717 0 0 0 12200 0 26958 0 412364 0 0 0 IICHOO CHEW CHIEF MARKETING OFFICER 300000 0 24902 0 6947 0 2494 0 1200 0 335543 0 0 0 BRYDEN CAIRNEY CHIEF LENDING OFFICER 278688 0 31898 0 4176 0 9879 0 10612 0 335253 0 0 0 ERICK WELCH CHIEF EXPERIENCE OFFICER 286608 0 8887 0 1693 0 11820 0 9410 0 318418 0 0 0 DAWN CHUTE CHIEF PEOPLE OFFICER 242403 0 27152 0 0 0 9932 0 29211 0 308698 0 0 0 JOHN MIX VP COMMERCIAL LENDING 241679 0 14042 0 0 0 8734 0 26636 0 291091 0 0 0 NAS BIRMINGHAM VP DIGITAL EXPERIENCE 214316 0 0 0 0 0 6069 0 28011 0 248396 0 0 0 JOHN BASALLA CHIEF RISK OFFICER 198344 0 21555 0 0 0 8851 0 15499 0 244249 0 0 0 CAROL FRIEND DIRECTOR OF LENDING OPEARTIONS & ADM 206790 0 14598 0 0 0 8889 0 13966 0 244243 0 0 0 THU NGUYEN VP CONTROLLER 190293 0 13583 0 0 0 7716 0 13666 0 225258 0 0 0 SARAH SCHAFER VP INTEGRATED MARKETING 201555 0 6635 0 0 0 1928 0 13966 0 224084 0 0 0 DENNIS BARNES AVP IT SERVICE DELIVERY 200000 0 5750 0 4376 0 8390 0 1759 0 220275 0 0 0 NEIL CONROY VP OPERATIONS & MEMBER EXPERIENCE 175145 0 13656 0 0 0 7562 0 9877 0 206240 0 0 0 EMILY BOROWSKI VP COMPLIANCE 155116 0 10815 0 0 0 6707 0 20665 0 193303 0 0 0 MECHELL KEITH AVP PMO 159076 0 11281 0 0 0 6918 0 13666 0 190941 0 0 0 WHITNEY HAYES DIRECTOR HEAD OF BUS DEV & COMM. IMP 166104 0 1301 0 5612 0 6665 0 9877 0 189559 0 0 0 MANUELA FRANCO AVP OPERATIONS 147399 0 10580 0 0 0 6525 0 24988 0 189492 0 0 0 JUAN JIMENEZ AVP BUSINESS INTELLIGENCE 142381 0 2806 0 0 0 3428 0 37958 0 186573 0 0 0 DEANNE MIRANDA VP CONSUMER LENDING 157156 0 10574 0 0 0 6073 0 9410 0 183213 0 0 0 NARAH SILAPHENT SR. COMMERCIAL LOAN ADMIN 161935 0 3116 0 0 0 5058 0 10275 0 180384 0 0 0 OLIVIA ROTHSCHILD MARKETING MANAGER 142791 0 3245 0 0 0 6130 0 28011 0 180177 0 0 0 MIRABEL ZAMORA VP REAL ESTATE LENDING OPERATIONS 152145 0 9572 0 0 0 6484 0 9410 0 177611 0 0 0 THOMAS HUGHES MANAGER OF APPLICATIONS DEVELOPMENT 147130 0 1936 0 0 0 5753 0 20665 0 175484 0 0 0 MAX EDWARDS AVP MEMBER SERVICES 134182 0 9551 0 0 0 5839 0 13747 0 163319 0 0 0 PART I, LINE 1A THE CREDIT UNION REIMBURSES TRAVEL EXPENSES FOR COMPANIONS TRAVELING TO THE BOARD OFF-SITE ANNUAL PLANNING CONFERENCES. PART I, LINE 1B DEFERRED COMPENSATION PLAN [SECTION 457(F): THE CREDIT UNION HAS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE PRESIDENT/CEO. UNDER THE TERMS OF THE PLAN, THE PARTICIPANT IS ENTITLED TO A SPECIFIED AMOUNT IF THEY REMAIN EMPLOYED BY THE CREDIT UNION UNTIL A PREDETERMINED TIME. IF THE PARTICIPANT BECOMES FULLY DISABLED AS DEFINED IN THE AGREEMENT, ACCRUED BENEFITS ARE IMMEDIATELY PAYABLE. THE BENEFITS ARE SUBJECT TO FORFEITURE IF EMPLOYMENT IS TERMINATED FOR CAUSE AS DEFINED IN THE AGREEMENT. THE FOLLOWING ARE CONTRIBUTIONS THE CREDIT UNION MADE TO THE 457(F) PLAN AS OF DECEMBER 31, 2023. KATHERINE DUVALL: $1,500,000 (ACCRUED) THE CREDIT UNION ENTERED INTO COLLATERAL ASSIGNED SPLIT DOLLAR AGREEMENTS WITH AARON SATO, ANTHONY VITALE, AND KATHERINE DUVALL. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH SURRENDER VALUES OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE POLICIES ARE OWNED BY THE EXECUTIVES AND THE EXECUTIVES HAVE THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. THE LOAN ARRANGEMENTS INCLUDE A RECOURSE PROVISION WHEREBY THE CREDIT UNION HAS THE INTENT TO SEEK COLLECTION OUTSIDE THE LIFE INSURANCE POLICY IF THE EXECUTIVE WERE TO BE TERMINATED WITH OR WITHOUT CAUSE AND THE EXECUTIVES HAVE THE FINANCIAL ABILITY TO REPAY THE LOAN. AARON SATO FORMER CHIEF FINANCIAL OFFICER SPLIT DOLLAR X 2729008 2778677 0 1 1 ANTHONY VITALE CHIEF INFORMATION OFFICER SPLIT DOLLAR X 2871369 2923628 0 1 1 ANTHONY VITALE CHIEF INFORMATION OFFICER MORTGAGE X 1160000 1066038 0 1 1 DAWN CHUTE CHIEF PEOPLE OFFICER AUTO X 20000 12150 0 0 1 DAWN CHUTE CHIEF PEOPLE OFFICER MORTGAGE X 656500 597514 0 1 1 KATHERINE DUVALL CEO DIRECT NEW AUTO LOAN X 90407 73674 0 0 1 KATHERINE DUVALL CEO MORTGAGE X 1815500 1642205 0 1 1 KATHERINE DUVALL CEO SPLIT DOLLAR X 2884854 2961591 0 1 1 MAX EDWARDS AVP MEMBER SERVICES DIRECT NEW AUTO LOAN X 50000 37261 0 0 1 MIRABEL ZAMORA VP REAL ESTATE LENDING OPS MORTGAGE X 685000 645870 0 0 1 NEIL CONROY VP OPERATIONS & MEMBER EXPERIENCE AUTO X 71189 47239 0 0 1 THU NGUYEN VP CONTROLLER AUTO X 52901 18481 0 0 1 THU NGUYEN VP CONTROLLER MORTGAGE X 655200 612350 0 0 1 13416678 FORM 990, SCH L, PART II THE CREDIT UNION ENTERED INTO COLLATERAL ASSIGNED SPLIT DOLLAR AGREEMENTS WITH AARON SATO, ANTHONY VITALE, AND KATHERINE DUVALL. THE LOANS ARE COLLATERALIZED BY THE ASSIGNMENT OF THE POLICY DEATH BENEFITS AND CASH SURRENDER VALUES OF EACH RESPECTIVE LIFE INSURANCE POLICY. THE POLICIES ARE OWNED BY THE EXECUTIVES AND THE EXECUTIVES HAVE THE RIGHT TO NAME THE BENEFICIARIES FOR AMOUNTS NOT SECURED BY THE ASSIGNMENTS. THE LOAN ARRANGEMENTS INCLUDE A RECOURSE PROVISION WHEREBY THE CREDIT UNION HAS THE INTENT TO SEEK COLLECTION OUTSIDE THE LIFE INSURANCE POLICY IF THE EXECUTIVE WERE TO BE TERMINATED WITH OR WITHOUT CAUSE AND THE EXECUTIVES HAVE THE FINANCIAL ABILITY TO REPAY THE LOAN. FORM 990, PART III, LINE 3 THE CREDIT UNION SUSPENDED ORIGINATIONS FOR NEW COMMERCIAL REAL ESTATE, BUSINESS TERM LOANS AND LINE OF CREDIT LOANS AND UNSECURED PERSONAL FIXED RATE LOANS. FORM 990, PART VI, SECTION A, LINE 6 PARTICIPATION IN THE CREDIT UNION IS LIMITED TO THOSE WHO QUALIFY FOR MEMBERSHIP AS DEFINED IN THE CREDIT UNION'S CHARTER AND BYLAWS. THIS GENERALLY CONSISTS OF FIREFIGHTERS, FAMILY MEMBERS OF FIREFIGHTERS, SAN FRANCISCO FIRE DEPARTMENT HISTORICAL MEMBERS, AND THOSE WHO SUPPORT FIREFIGHTERS AND LIVE, WORK, OR ATTEND SCHOOL IN THE CITY OR COUNTY OF SAN FRANCISCO, SAN MATEO COUNTY, AND MARIN COUNTY. FORM 990, PART VI, SECTION A, LINE 7A SAN FRANCISCO FIRE CREDIT UNION IS OWNED BY ITS MEMBERS. EACH MEMBER CAN CAST ONE VOTE IN THE ANNUAL ELECTION OF MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON THE INFORMATION PROVIDED BY MANAGEMENT. THE CFO REVIEWS THE COMPLETED FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE PERSONS COVERED UNDER THE CONFLICT OF INTEREST POLICY INCLUDES EMPLOYEES, OFFICERS, DIRECTORS, COMMITTEE MEMBERS, AGENTS AND ATTORNEYS OF THE SF FIRE CREDIT UNION ARE HEREIN REFERRED TO AS "OFFICIALS" FOR THE PURPOSE OF THE CODE OF CONDUCT POLICY. THE EMPLOYEE HANDBOOK STATES EMPLOYEES ARE EXPECTED TO NOTIFY THE CREDIT UNION IF A CONFLICT OF INTEREST EXISTS AND AN EMPLOYEE MAY BE DISMISSED UNDER CERTAIN CIRCUMSTANCES SURROUNDING A CONFLICT OF INTEREST. THE EMPLOYEE HANDBOOK IS REVIEWED BY EMPLOYEES ANNUALLY AND ACKNOWLEDGED. HUMAN RESOURCES OBTAINS THE ANNUAL ACKNOWLEDGMENT. THE BOARD ANNUAL POLICY ADDRESSES THIS FOR BOARD MEMBERS AND EACH BOARD MEMBER IS TO ANNUALLY ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY AS WELL. THE BOARD OF DIRECTORS REGULATES THE ETHICAL AS WELL AS MORAL CONDUCT OF THIS CREDIT UNION'S OFFICIALS AS THAT CONDUCT RELATES TO ANY BUSINESS OR TRANSACTION OF THE CREDIT UNION. IN THE EVENT THERE IS ANY QUESTION AS TO THE PROPRIETY OF ANY ACTION OR CONDUCT BY A CREDIT UNION OFFICIAL, THAT OFFICIAL SHALL HAVE THE DUTY TO REPORT SUCH ACTIVITY TO THE BOARD, OR INQUIRE WHETHER SUCH ACTIVITY IS PERMISSIBLE. EACH CREDIT UNION OFFICIAL HAS A DUTY TO NOTIFY AND INQUIRE OF THE BOARD OF DIRECTORS IN WRITING UNDER SUCH CIRCUMSTANCES. MINISTERIAL MATTERS MAY BE VERBALLY ADDRESSED TO THE PRESIDENT/CEO OF THE CREDIT UNION, UNLESS OTHERWISE DIRECTED TO BE IN WRITING. THE PRESIDENT/CEO OR HIS/HER DESIGNEE MAINTAINS ACCURATE FILES AND RECORDS OF ALL REPORTS AND DISCLOSURES REQUIRED BY THIS CODE OF CONDUCT. IN ADDITION, THE PRESIDENT/CEO IS RESPONSIBLE FOR MAINTAINING COMPLIANCE WITH SHOULD THERE BE A CONFLICT, THE PERSON(S) WILL BE EXCLUDED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS REVIEWED ANNUALLY BY MEMBERS OF THE BOARD OF DIRECTORS THROUGH REVIEW OF COMPENSATION SURVEYS AND OTHER APPLICABLE DATA SPECIFIC TO CREDIT UNIONS. EMPLOYMENT CONTRACTS AND COMPENSATION REVIEW AND APPROVAL PROCESS ARE DOCUMENTED IN HUMAN RESOURCES IN THE EMPLOYEE'S PERSONNEL FILES. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO AND IS BASED ON APPLICABLE COMPENSATION SURVEYS AND MARKET DATA. EMPLOYMENT CONTRACTS AND COMPENSATION REVIEW AND APPROVAL PROCESS ARE DOCUMENTED IN HUMAN RESOURCES IN THE EMPLOYEE'S PERSONNEL FILES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023 FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS CONFLICT OF INTEREST POLICY AND GOVERNMING DOCUMENT'S AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER OUTSIDE PROFESSIONAL SERVICES 4,431,522. FORM 990, PART IX, LINE 24E LOAN SERVICING 943,790. EMPLOYEE TRAINING/RECRUITMENT 245,588. CASH OVER/SHORT -3,763. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT FROM CHANGE IN ACCOUNTING PRINCIPLE -5,277,401. FORM 990, PART XII, LINE 2C THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.