2019-11-14T16:42:26-06:00 2018-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2018-01-01 946069237 STAR ONE CREDIT UNION STAR 4085435028 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 GARY RODRIGUES PRESIDENT/CEO 4085435028 2019-11-13 1 VALENTINO CREUS CPA P01054153 8189549700 24.176.202.186 2019-11-13 10:22:12 PS P 858CFD5BF01852FA2489562124A1344FB9A1C194 EAB9806DEF4238CAE74313C6CC2BD34B53E62B85 2018 2020-04-17 16:48:07Z GARY RODRIGUES 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 241617549 0 X WWW.STARONE.ORG X CREDIT UNION 1956 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 9 9 243 14 1495118 39657 0 0 136850916 154090372 80402036 87207017 0 320160 217252952 241617549 308000 510600 0 0 33636758 32709841 0 0 0 124443447 148884607 158388205 182105048 58864747 59512501 8978930416 8568235095 8051217850 7577263746 927712566 990971349 X A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, STAR ONE CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS. 0 0 STAR ONE CREDIT UNION PROVIDED SERVICES TO 106,054 MEMBERS WITH SAVINGS AND LOAN ACCOUNTS. STAR ONE OFFERS STUDENT LOANS TO GRADUATE AND UNDERGRADUATE STUDENTS. STAR ONE CREDIT UNION PROVIDED 8,593 LOANS TOTALLING $968,135,917 IN 2018. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 112649 0 1 243 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X ANN SEBASTIAN VP CONTROLLER 4085435028 1306 BORDEAUX DRIVE SUNNYVALE CA 94089 DOUG FLOWE CHAIR 1.00 X 3492 0 0 DAVID DAGGETT 1ST VICE CHAIR 1.00 X 0 0 0 JEFF GAUT 2ND VICE CHAIR 1.00 X 0 0 0 SCOTT DUNLAP TREASURER 1.00 X 0 0 0 RICHARD AOCHI SECRETARY 1.00 X 2594 0 0 PATRICIA HUMECKE ASSISTANT SECRETARY 1.00 X 0 0 0 MARTIN ENG DIRECTOR 1.00 X 0 0 0 MELISSA HENCK DIRECTOR 1.00 X 1964 0 0 TRINY LEE DIRECTOR 1.00 X 1751 0 0 CHRISTINA GOEAS SUPERVISORY COMMITTEE 1.00 X 1112 0 0 CYRUS TABARI SUPERVISORY COMMITTEE 1.00 X 1444 0 0 PONPROM FLYNN SUPERVISORY COMMITTEE 1.00 X 3100 0 0 BRIAN LAWLER SUPERVISORY COMMITTEE 1.00 X 2113 0 0 GARY RODRIGUES PRESIDENT 40.00 X 945434 0 2533784 RICK HELDEBRANT CEO 40.00 X 558762 0 14108 B ROSS EXECUTIVE VP - FINANCE & ADMINISTRATION 40.00 X 493036 0 385573 M MUCKER EXECUTIVE VP - OPS 40.00 X 457599 0 624567 K COLLINS SENIOR VP - LENDING 40.00 X 355372 0 215896 R MCALPINE VP - INFORMATION SYSTEMS 40.00 X 339637 0 143734 A SEBASTIAN VP - CONTROLLER 40.00 X 337321 0 242573 L BRUBAKER VP - REMOTE SERVICES 40.00 X 335947 0 21786 J FAGENSTROM VP - MARKETING 40.00 X 317472 0 161889 K FUKUMOTO VP - INTERNAL AUDIT 40.00 X 316698 0 142245 4474848 0 4486155 56 0 1 0 TYFONE INC 5331 SW MACADAM AVE STE 251 PORTLAND OR 97239 ONLINE/MOBILE BANKING 1671811 BUSINESS DATA INC 321 NORTH OAK STREET INGLEWOOD CA 90302 STATEMENT PRINTING 787603 INSIGHT PO BOX 515306 LA CA 90051 COMPUTER EQUIP/MAINT 760975 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 XP SOFTWARE MAINT 751905 VISA USA INC 777 3RD AVE 12 NEW YORK NY 10017 VISA/ATM PROCESSING 705421 36 INTEREST ON LOANS 522100 142053171 142053171 OTHER OPERATING INCOME 522100 11156164 11156164 FEE INCOME 522100 881037 785919 95118 154090372 87207017 85807017 1400000 GAIN (LOSS) ON TRADING 523000 320160 320160 320160 241617549 240122431 1495118 0 510600 4474848 16165560 5120831 5731135 1217467 259016 203799 87483 3708320 2288776 6213254 260773 2292712 691303 121434001 1740567 93853 LOAN SERVICING EXPENSE 5858933 MISC OPERATING EXPENSE 2158210 PROVISION FOR LOAN & LE 1058532 OPERATING FEES 535075 182105048 5438846 5426811 230442600 303811548 5292581 3284839 2053402 2825089 41166903 26935215 14971340 14231688 4648905382 4072351670 3956358125 4024773099 115468140 141530351 8978930416 8568235095 48481316 54754216 8002736534 7522509530 8051217850 7577263746 X 0 0 0 0 927712566 990971349 927712566 990971349 8978930416 8568235095 X 59512501 -2247373 5993655 X X 0 0 0 10600 10600 10600 1 CCUL STATEWIDE PAC 1201 K STREET SUITE 1050 SACRAMENTO CA 95814 940357265 9600 BAY AREA PAC PO BOX 193919 SAN FRANCISCO CA 94119 743032874 1000 PART I-A, LINE 1: CONTRIBUTION TO CALIFORNIA CREDIT UNION LEAGUE TO PROMOTE TRADE INFORMATION PERTAINING TO CREDIT UNIONS. 4163384 4163384 11560107 3592635 7967472 5128599 4792922 335677 20314813 18549658 1765155 14231688 ALL OTHER INVESTMENTS 21266200 F NET LOANS AND LEASES 3948024987 F NCUA SHARE INSURANCE DEPOSIT 54581912 C PAID IN CAPITAL AT CORP CUS 900000 C 4024773099 ALL OTHER LIABILITIES 684900000 MEMBER SHARES AND DEPOSITS 6837609530 7522509530 X PART X, LINE 2: FASB ASC 740-10-65, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS DEEMED TO NOT MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED SEPTEMBER 30, 2018, AND ACCORDINGLY, THE CREDIT UNION HAS NOT RECORDED A LIABILITY FOR THE PAYMENT OF INTEREST OR PENALTIES. THE CREDIT UNION IS SUBJECT TO AND PAYS ALL STATE AND CITY TAXES ON GOODS AND SERVICES PURCHASED BY THE CREDIT UNION. 1 CITIZENS SCHOOLS 308 CONGRESS STREET BOSTON MA 02210 043259160 501(C)(3) 7500 FMV PROVIDES SUPPORT TO PUBLIC SCHOOLS IN LOW-INCOME COMMUNITIES. THE ALZHEIMER'S ASSOCIATION 225 N MICHIGAN AVENUE CHICAGO IL 60601 133039601 501(C)(3) 10000 FMV PROVIDES AWARENESS AND FUNDS FOR ALZHEIMER'S CARE, SUPPORT, AND RESEARCH. MORGAN AUTISM CENTER 2280 KENWOOD AVENUE SAN JOSE CA 95128 941722448 501(C)(3) 20000 FMV PROVIDES HELP TO CHILDREN AND ADULTS WITH AUTISM OR OTHER DEVELOPMENTAL DISABILITIES. LIVE OAK ADULT DAY CARE 1147 MINNESOTA AVENUE SAN JOSE CA 95126 770069106 501(C)(3) 10000 FMV PROVIDES DAY CARE SERVICES FOR FRAIL ELDERLY DEPENDENT ADULTS WHO ARE RESIDENTS OF SANTA CLARA COUNTY. HOME FIRST PROGRAMS FOR VETERANS 400 HAMILTON AVENUE STE 340 PALO ALTO CA 94301 942684272 501(C)(3) 10000 FMV PROVIDES SERVICES, SHELTER, AND HOUSING OPPORTUNITIES TO THE HOMELESS AND THOSE AT RISK OF HOMELESSNESS IN SANTA CLARA COUNTY. THE CROHN'S AND COLITIS FOUNDATION OF AMERICA 733 THIRD AVENUE NEW YORK NY 10017 136193105 501(C)(3) 10000 FMV PROVIDES FUNDS TO FIND THE CURES FOR CROHN'S DISEASE AND ULCERATIVE COLITIS, AND IMPROVE THE QUALITY OF LIFE OF CHILDREN AND ADULTS AFFECTED BY THESE DISEASES. CYSTIC FIBROSIS RESEARCH INC 2672 BAYSHORE PARKWAY STE 250 MOUNTAIN VIEW CA 94043 510169988 501(C)(3) 10000 FMV PROVIDES FUNDS FOR RESEARCH, EDUCATIONAL AND PERSONAL SUPPORT, AND HELPS SPREAD AWARENESS OF CYSTIC FIBROSIS. OPERATION CARE AND COMFORT 3173 PEBBLE BEACH CIRCLE FAIRFIELD CA 94534 273116300 501(C)(3) 7500 FMV PROVIDES SUPPORT AND ASSISTANCE TO VETERANS, MILITARY PERSONNEL AND THEIR FAMILY MEMBERS. SARATOGA AREA SENIOR COORDINATING COUNCIL PO BOX 3033 SARATOGA CA 95070 942596228 501(C)(3) 7500 FMV PROVIDES ACCESS TO PHYSICAL AND SOCIAL ACTIVITIES, ALONG WITH RESOURCE SERVICES THAT IMPROVE THE OVERALL QUALITY OF LIFE FOR AGING ADULTS IN OUR COMMUNITY. LUCILLE PACKARD CHILDREN'S FOUNDATION 400 HAMILTON AVENUE STE 340 PALO ALTO CA 94301 770440090 501(C)(3) 10000 FMV PROVIDES SUPPORT FOR CHILDREN'S HEALTH AND THE QUALITY AND ACCESSIBILITY OF CHILDREN'S HEALTHCARE. ANIMAL ASSISTED HAPPINESS INC 11824 HILLTOP DRIVE LOS ALTOS HILLS CA 94024 264100791 501(C)(3) 15000 FMV PROVIDES HELP TO CHILDREN AND THEIR FAMILIES EXPERIENCING HEALTH OR FAMILY CHALLENGES. JACOB'S HEART CHILDREN'S CANCER SUPPORT SERVICES 680 W BEACH STREET WATSONVILLE CA 95075 680413822 501(C)(3) 7500 FMV PROVIDES SUPPORT FOR CHILDREN WITH CANCER AND THEIR FAMILIES IN THE CHALLENGES THEY FACE. SECOND HARVEST FOOD BANK 750 CURTNER AVENUE SAN JOSE CA 95125 942614101 501(C)(3) 64500 FMV PROVIDES FOOD FOR THE HUNGRY AND PROMOTES NUTRITION PROGRAMS. AMERICAN CANCER SOCIETY 250 WILLIAMS STREET NW ATLANTA GA 30303 131788491 501(C)(3) 15000 FMV PROVIDES SUPPORT TO ELIMINATE CANCER AS A HEALTH PROBLEM. FRESH LIFELINES OF YOUTH 568 VALLEY WAY MILPITAS CA 95035 522234595 501(C)(3) 7500 FMV PROVIDES PROGRAMS FOR AT RISK AND DISADVANTAGED YOUTHS. THE TECH MUSEUM OF INNOVATION 201 SOUTH MARKET STREET SAN JOSE CA 95113 942864660 501(C)(3) 7500 FMV HELPS PEOPLE AND COMMUNITIES THRIVE IN A TECHNOLOGICAL AGE HEALTH TRUST MEALS ON WHEELS 3180 NEWBERRY DRIVE SAN JOSE CA 95228 946050231 501(C)(3) 7500 FMV PROVIDES MEALS EVERY DAY TO SENIORS AND ADULTS WITH DISABILITIES. VMC FOUNDATION 2400 MOORPARK AVENUE 207 SAN JOSE CA 95128 770187890 501(C)(3) 15000 FMV SUPPORTS COMMUNITY WELL-BEING, IMPROVE QUALITY OF CARE AND PROMOTE ACCESS TO MEDICAL TREATMENT FOR ALL RESIDENTS OF SANTA CLARA COUNTY. SUNNYVALE COMMUNITY SERVICES 725 KIFER ROAD SUNNYVALE CA 94086 941713897 501(C)(3) 15000 FMV PROVIDES FINANCIAL AID, FOOD AND OTHER SUPPORT TO PREVENT HOMELESSNESS AND HUNGER FOR LOW-INCOME FAMILIES. NAMI SANTA CLARA COUNTY 1150 S BASCOM AVENUE 24 SAN JOSE CA 95128 942430956 501(C)(3) 10000 FMV PROVIDES SUPPORT, EDUCATION AND ADVOCACY TO PEOPLE WITH MENTAL ILLNESS. SILICON VALLEY FACES 1401 PARKMOOR AVENUE STE 150 SAN JOSE CA 95126 251920931 501(C)(3) 7000 FMV HELPS TO CREATE AND PROMOTE AN EMPATHETIC AND INCLUSIVE COMMUNITY FREE OF BIAS, BIGOTRY AND VIOLENCE. FAMILY SUPPORTIVE HOUSING 692 N KING ROAD SAN JOSE CA 95133 770106237 501(C)(3) 7500 FMV PROVIDES TEMPORARY SHELTER AND SUPPORTIVE SERVICES FOR HOMELESS FAMILIES IN SANTA CLARA COUNTY. CANCER CAREPOINT INC 2505 SAMARITAN DRIVE BDG 400 STE 402 SAN JOSE CA 95124 273029691 501(C)(3) 10000 FMV PROVIDES SUPPORT FOR CANCER PATIENTS, FAMILIES, AND CAREGIVERS IN SILICON VALLEY. FAMILY GIVING TREE 606 VALLEY WAY MILPITAS CA 95035 770284682 501(C)(3) 7500 FMV PROVIDES SUPPORT FOR CHILDREN IN NEED. PANCREATIC CANCER ACTION NETWORK INC 1500 ROSECRANS AVENUE 200 MANHATTAN BEACH CA 90266 330841281 501(C)(3) 7500 FMV HELPS FUND RESEARCH AND SUPPORTS PATIENTS SUFFERING FROM PANCREATIC CANCER. HOMEFIRST SERVICES OF SANTA CLARA COUNTY 507 VALLEY WAY MILPITAS CA 95035 942684272 501(C)(3) 10000 FMV PROVIDES HOUSING AND SUPPORT SERVICES FOR THE HOMELESS IN SANTA CLARA COUNTY. CANINE COMPANIONS FOR INDEPENDENCE INC 2965 DULTON AVE SANTA ROSA CA 95407 942494324 501(C)(3) 20000 FMV PROVIDES HIGHLY TRAINED ASSISTANCE DOGS TO PEOPLE WITH DISABILITIES TO ENSURE QUALITY PARTNERSHIPS ACKNOWLEGE ALLIANCE 2483 OLD MIDDLEFIELD WY 201 MOUNTAIN VIEW CA 94043 770393676 501(C)(3) 10000 FMV HELPS BUILD POSITIVE CONNECTIONS BETWEEN TEACHERS AND STUDENTS CHILD ADVOCATES OF SILICON VALLEY 509 VALLEY WAY BUILDING 2 MILPITAS CA 95035 770250773 501(C)(3) 10000 FMV NON-PROFIT ORGANIZATION THAT PROVIDES STABILITY AND HOPE TO CHILDREN WHO HAVEPROVIDES STABILITY AND HOPE TO CHILDREN WHO HAVE EXPERIENCED ABUSE AND NEGLECT PRESIDENT-BOARD OF TRUSTEES SANTA CLARA COLLEGE 500 EL CAMINO REAL SANTA CLARA CA 95053 941156617 501(C)(3) 15000 FMV PROGRAM FOR FIRST-GENERATION COLLEGE STUDENTS FOCUSED ON ACADEMIC SUCCESS AND COMMUNITY ENGAGEMENT X 1 1 X X X X 0 1 0 GARY RODRIGUES PRESIDENT 656555 0 269903 0 18976 0 2493059 0 40725 0 3479218 0 0 0 RICK HELDEBRANT CEO 17013 0 358450 0 183299 0 9622 0 4486 0 572870 0 0 0 B ROSS EXECUTIVE VP - FINANCE & ADMINISTRAT 360304 0 132732 0 0 0 343505 0 42068 0 878609 0 0 0 M MUCKER EXECUTIVE VP - OPS 343192 0 109838 0 4569 0 604843 0 19724 0 1082166 0 0 0 K COLLINS SENIOR VP - LENDING 261941 0 83671 0 9760 0 194855 0 21041 0 571268 0 0 0 R MCALPINE VP - INFORMATION SYSTEMS 256403 0 80287 0 2947 0 116238 0 27496 0 483371 0 0 0 A SEBASTIAN VP - CONTROLLER 257572 0 78507 0 1242 0 232052 0 10521 0 579894 0 0 0 L BRUBAKER VP - REMOTE SERVICES 253101 0 77732 0 5114 0 12171 0 9615 0 357733 0 0 0 J FAGENSTROM VP - MARKETING 240278 0 74759 0 2435 0 140582 0 21307 0 479361 0 0 0 K FUKUMOTO VP - INTERNAL AUDIT 235660 0 73616 0 7422 0 116027 0 26218 0 458943 0 0 0 PART I, LINE 4B THE 457(B) IS AN UNFUNDED ELIGIBLE DEFERRED COMPENSATION PLAN FOR THE CREDIT UNION TO PROVIDE RETIREMENT BENEFITS AND INCIDENTAL BENEFITS TO HIGHLY COMPENSATED EMPLOYEES. PARTICIPANTS ARE THOSE EMPLOYEES RECEIVING COMPENSATION OVER $120,000. THE 457(F) SERP PLAN PROVIDES HIGHLY COMPENSATED EMPLOYEES WITH SUPPLEMENTAL RETIREMENT INCOME. THE PLAN HAS NO CONTRIBUTION LIMITS OR RESTRICTIONS, DOES NOT RECEIVE CONTRIBUTIONS FROM THE EXECUTIVE AND PROVIDES A LUMP SUM TO THE EXECUTIVE. THE PLAN ASSETS ARE THE ASSETS OF THE CREDIT UNION AND ARE SUBJECT TO CLAIMS OF CREDITORS. PARTICIPANTS ARE RICK HELDEBRANT, GARY RODRIGUES, KEVIN COLLINS, BRIAN ROSS, RUSS MCALPINE, MARGARETE MUCKER, AND ANN SEBASTIAN. B ROSS KEY EMP 1ST MORTGAGE X 614000 461314 0 0 1 J FAGENSTROM HCE 1ST MORTGAGE X 395000 357565 0 0 1 M MUCKER KEY EMP 1ST MORTGAGE X 290000 160387 0 0 1 R MCALPINE HCE 1ST MORTGAGE X 603100 574113 0 0 1 M MUCKER KEY EMP 2ND MORTGAGE X 260000 188783 0 0 1 A SEBASTIAN HCE 1ST MORTGAGE X 617150 558160 0 0 1 L BRUBAKER HCE 1ST MORTGAGE X 776000 731578 0 0 1 L BRUBAKER HCE AUTO LOAN X 56650 19144 0 0 1 B ROSS KEY EMP 2ND MORTGAGE X 250000 233795 0 0 1 3284839 FORM 990, PART VI, SECTION A, LINE 6 STAR ONE 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. STAR ONE CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF STAR ONE 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. FORM 990, PART VI, SECTION A, LINE 7B 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. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER, EXECUTIVE VPS, CEO, AND BOARD OF DIRECTORS RECEIVE A COMPLETED DRAFT OF THE FORM 990 FOR REVIEW PRIOR TO FILING EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR, ALL EMPLOYEES ARE REQUIRED TO READ, SIGN, AND SUBMIT THE CODE OF CONDUCT PLEDGE TO HUMAN RESOURCES. FORM 990, PART VI, SECTION B, LINE 15 STAR ONE CREDIT UNION USES CONSULTING FIRMS AND INDUSTRY SPECIFIC SURVEYS TO DELIBERATE COMPANY EMPLOYEES' COMPENSATION. THE GOVERNING BOARD APPROVES THE CEO'S COMPENSATION PACKAGE AFTER IT HAS BEEN THOROUGHLY REVIEWED AND RECOMMENDED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE POSTED IN BRANCHES AND ON THE STAR ONE WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN OCI 5,993,655. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.