2026-05-12T13:20:11-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2025-01-01 626039479 EASTMAN CREDIT UNION EAST 4232298200 PO BOX 1989 KINGSPORT TN 37662 KELLY PRICE PRESIDENT, CEO 4232298200 2026-05-11 1 EMINA O CRESSWELL P01217304 5097472600 2026-05-11 2025 2025-03-06 01:10:19Z KELLY PRICE PO BOX 1989 KINGSPORT TN 37662 603783043 0 X WWW.ECU.ORG X 1934 TN OPERATED DURING 2025 AS A STATE CHARTERED CREDIT UNION WHOSE PURPOSE IS (CONTINUED ON SCHEDULE O) TO BE THE PREFERRED FINANCIAL INSTITUTION IN THE COMMUNITIES WE SERVE BY PROVIDING FINANCIAL PRODUCTS AND SERVICES WHICH ADD VALUE TO MEMBERS, GUIDED BY CREDIT UNION CO-OPERATIVE VALUES AND SERVICE EXCELLENCE EXPECTATIONS. 10 9 1213 9 815116 22526 0 0 477914261 536199293 57958083 66219630 108333 73074 535980677 602491997 1913703 1186142 0 0 93916398 100491883 0 0 0 307524182 336501600 403354283 438179625 132626394 164312372 9097283047 9906909981 7851447210 8496529216 1245835837 1410380765 X OPERATED DURING 2025 AS A STATE CHARTERED CREDIT UNION WHOSE PURPOSE IS TO BE THE PREFERRED FINANCIAL INSTITUTION IN THE COMMUNITIES WE SERVE BY PROVIDING FINANCIAL PRODUCTS AND SERVICES WHICH ADD VALUE TO MEMBERS, GUIDED BY CREDIT UNION (CONTINUED ON SCHEDULE O) CO-OPERATIVE VALUES AND SERVICE EXCELLENCE EXPECTATIONS. 0 0 OPERATED DURING 2025 AS A STATE CHARTERED MUTUALLY OWNED CREDIT UNION THAT PROMOTED THRIFT BY MAINTAINING ACCOUNTS AND ISSUING SHARES RESULTING IN SUPERIOR VALUE. SERVED 355,885 MEMBERS WITH A VARIETY OF DEPOSIT PRODUCTS TOTALING $8,398,834,964. OPERATED DURING 2025 AS A STATE CHARTERED MUTUALLY OWNED CREDIT UNION THAT MADE LOANS TO ITS MEMBERS AT REASONABLE RATES OF INTEREST. MAINTAINED A LOAN PORTFOLIO COMPOSED OF CONSUMER, MORTGAGE, HOME EQUITY, VISA AND MEMBER BUSINESS LOANS THAT TOTALED $7,777,151,049. INVESTED ANY SURPLUS NOT REQUIRED FOR LOANS TO EXERCISE THOSE FUNCTIONS DESCRIBED IN THE LAW OF THE STATE OF TENNESSEE AUTHORIZING THE ORGANIZATION OF CREDIT UNIONS THEREBY FURNISHING OTHER COOPERATIVE FINANCIAL SERVICES TO MEMBERS. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 635690 0 1 1213 1 1 1 0 0 0 0 0 1 0 X 10 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X SCOTT DAVIS 4235787587 2021 MEADOWVIEW LANE KINGSPORT TN 37660 KELLY PRICE PRESIDENT/CEO, DIRECTOR 40.00 X X 1300231 0 -37823 TONJA FISH EVP, CHIEF FINANCIAL OFFICER 40.00 X 562840 0 -5990 DARRELL DINSMORE EVP, CHIEF ADMINISTRATIVE OFFICER 40.00 X 527302 0 -4374 JEREMIAH LOUNDS VP, CHIEF OPERATING OFFICER 40.00 X 442558 0 60283 RUSSELL AYSCUE VP, CHIEF INFORMATION OFFICER 40.00 X 404940 0 62597 DOLLY LINKOUS VP, CHIEF LENDING OFFICER 40.00 X 416868 0 1626 MARK MILLWOOD VP, CHIEF HUMAN RESOURCE OFFICER 40.00 X 358319 0 59997 MATT WIMBERLEY VP, CHIEF LEGAL & RISK OFFICER 40.00 X 361656 0 49928 MATTHEW SMITH VP CHIEF MARKETING/ANALYTICS OFFICER 40.00 X 310140 0 57875 THOMAS KENNEDY VP, BUSINESS SERVICES 40.00 X 336524 0 61467 CHUCK PERRY VP, BRANCH OPERATIONS 40.00 X 313763 0 47179 JEFFREY DAVIS VP, CONTROLLER 40.00 X 235148 0 55300 MICHELLE CLARK VP, ENTERPRISE RISK MANAGEMENT 40.00 X 270055 0 20257 JILL ALLEY DIRECTOR MEMBER CONTACT CENTER & DIGITAL SUPPORT 40.00 X 204130 0 19287 NORRIS SNEED CHAIRMAN OF THE BOARD 5.00 X X 0 0 0 JENNIFER STEWART VICE CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 BRIAN K MILLER SECRETARY/TREASURER 2.00 X X 0 0 0 JEFF ANDERSON DIRECTOR 3.00 X 0 0 0 GARY BASS DIRECTOR 2.00 X 0 0 0 KRISTIE J HAMMONDS DIRECTOR 2.00 X 0 0 0 J ANDREW HATFIELD JR DIRECTOR 2.00 X 0 0 0 SAUL A HERNANDEZ DIRECTOR 2.00 X 0 0 0 JENNIFER P KELLER DIRECTOR 2.00 X 0 0 0 KYLE MACIONE DIRECTOR THRU (03/2025) 2.00 X 0 0 0 6044474 0 447609 132 0 1 0 GOINS RASH CAIN INC 130 REGIONAL PARK DRIVE KINGSPORT TN 37660 CONSTRUCTION MANAGER 5065089 DOXIM UTILITEC LLC 747 E WHITCOMB AVENUE MADISON HEIGHTS MI 48071 STATEMENT PROCESSING/MAILING 4181257 DRAGON BUYER INC 9 WEST 57TH STREET 32ND FLOOR NEW YORK NY 10019 ELECTRONIC PAYMENT PROCESSOR 3662189 AHEAD INC 401 N MICHIGAN AVE STE 3400 CHICAGO IL 60611 DATA PROTECTION & RECOVERY 3533800 FISERV SOLUTIONS INC PO BOX 934057 ATLANTA GA 31193 SOFTWARE SOLUTIONS 2990085 109 LOAN INTEREST INCOME 522100 448921588 448921588 FEES AND CHARGES 522100 84046744 83231628 815116 ECUTE TITLE SERVICES 522100 2148724 2148724 OTHER INCOME 522100 1082237 1082237 536199293 66279276 66279276 73074 0 73074 73074 73074 1231400 1291046 -59646 -59646 -59646 602491997 535384177 815116 66292704 1186142 4928973 68428857 7078054 13761234 6294765 331201 145078 932212 4315617 6826639 21065608 5704895 238057 716456 220416150 6851478 511673 PROVISION FOR LOAN LOSS 36200000 DEPOSIT & LENDING SVCS 32243536 UBI TAXES 3000 438179625 41893799 58385626 1365629461 1821281797 7460848289 7776526149 14388118 20540385 199980925 88173174 103977030 111807751 20264045 20952870 90282305 97415403 9097283047 9906909981 90821196 96952704 6962681 7676603 7753663333 8391899909 7851447210 8496529216 X 0 0 0 0 1245835837 1410380765 1245835837 1410380765 9097283047 9906909981 X 164312372 711856 -479300 X 0 1 X 1 0 1000 0 0 1000 1000 1 TENNESSEE CREDIT UNION LEAGUE PAC PO BOX 21550 CHATTANOOGA TN 37424 462728395 1000 PART I-A, LINE 1: EASTMAN CREDIT UNION CONTRIBUTED $1,000 TO THE TENNESSEE CREDIT UNION LEAGUE PAC. 0 1 X 36325005 36325005 106160568 41955167 64205401 2653515 2116947 536568 53967663 44101060 9866603 874174 874174 111807751 STATE CHARTERED CREDIT UNION DEPOSITS 8391158358 LEASE LIABILITY 741551 8391899909 X PART IV, LINE 2B: ECU MAINTAINS ESCROW ACCOUNTS ON THE LOANS IN THE MORTGAGE PORTFOLIO FOR PAYMENT OF PROPERTY TAXES AND HOMEOWNER'S INSURANCE. THE ACCOUNTS ARE TREATED AS OTHER DEPOSIT ACCOUNTS AND EARN INTEREST AT THE REGULAR SHARE ACCOUNT RATE AS LONG AS THE ESCROW BALANCE IS POSITIVE. AMOUNTS ARE DEPOSITED MONTHLY AND PAYMENTS ARE MADE AS NECESSARY DURING THE YEAR. ESCROWS ARE "TRUED" ONCE A YEAR TO PREVENT EXCESS OR CORRECT SHORT-FALLS. PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUTE FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO ITS EXEMPT FUNCTION. FEDERAL INCOME TAX IS ASSESSED ON NET UNRELATED BUSINESS INCOME AS DEFINED BY THE INTERNAL REVENUE CODE. THE CREDIT UNION FILES AN EXEMPT ORGANIZATION AND UNRELATED BUSINESS INCOME TAX RETURN WITH THE FEDERAL JURISDICTION. ANY LIABILITY RESULTING FROM TAXING AUTHORITIES IMPOSING INCOME TAXES ON THE NET TAXABLE INCOME FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE CREDIT UNION'S NONTAXABLE STATUS IS NOT EXPECTED TO HAVE A MATERIAL EFFECT ON THE CREDIT UNION'S CONSOLIDATED FINANCIAL POSITION OR RESULTS OF OPERATIONS. FASB ASC 740-10, INCOME TAXES, REQUIRES RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS USING A "MORE-LIKELY-THAN-NOT" APPROACH. AS OF DECEMBER 31, 2025 AND 2024, THE CREDIT UNION DID NOT BELIEVE IT HAD ANY UNCERTAIN TAX POSITIONS THAT WOULD RISE TO THE LEVEL OF HAVING A MATERIAL EFFECT ON ITS CONSOLIDATED FINANCIAL STATEMENTS. THE CREDIT UNION RECORDS INTEREST AND PENALTIES RELATED TO TAX MATTERS IN TAX EXPENSES. 1 SECOND HARVEST FOOD BANK OF NE TN PO BOX 3327 JOHNSON CITY TN 37663 621303822 501(C)(3) 125780 0 EXPANSION PROJECT/SNAP RELIEF/EVENT SPONSORSHIP CITY OF KINGSPORT 415 BROAD STREET KINGSPORT TN 37660 626000323 CITY OF KINGSPORT 102250 0 BAYS MOUNTAIN PARK - PLANETARIUM SPONSORSHIP, GENERAL CONTRIBUTION SUMMIT LEADERSHIP FOUNDATION PO BOX 3555 JOHNSON CITY TN 37602 201336099 501(C)(3) 60000 0 DEVELOPMENT CONTRIBUTION HEALING HANDS HEALTH 245 MIDWAY MEDICAL PARK BRISTOL TN 37620 621677000 501(C)(3) 54500 0 DEVELOPMENT CONTRIBUTION TENNESSEE FINANCIAL LITERACY COMMISSION TN STATE CAPITOL STATE TREASURERS OFFICE 1ST FLOOR NASHVILLE TN 37243 300651186 501(C)(3) 50000 0 GENERAL CONTRIBUTION FRONTIER HEALTH FOUNDATION PO BOX 8293 GRAY TN 37615 461432508 501(C)(3) 37500 0 DEVELOPMENT CONTRIBUTION/EVENT SPONSORSHIP KINGSPORT CHAMBER OF COMMERCE FOUNDATION 400 CLINCHFIELD STREET SUITE 100 KINGSPORT TN 37660 581453565 501(C)(3) 34800 0 EVENT/PROGRAM SPONSORSHIP ETSU FOUNDATION PO BOX 70721 JOHNSON CITY TN 37614 237092731 501(C)(3) 30000 0 PROGRAM SPONSORSHIP MARTIN HOUSE CHILDREN'S ADVOCACY CENTER 606 WEST GARFIELD DRIVE SUITE D LONGVIEW TX 75602 264773954 501(C)(3) 30000 0 DEVELOPMENT CONTRIBUTION BARTER THEATRE PO BOX 867 ABINGDON VA 24212 546000120 501(C)(3) 29302 0 GENERAL CONTRIBUTION GREAT TEXAS BALLOON RACE PO BOX 3988 LONGVIEW TX 75606 752378187 501(C)(6) 25000 0 EVENT SPONSORSHIP ETSU ATHLETICS PO BOX 70707 JOHNSON CITY TN 37614 626021046 501(C)(3) 25000 0 GENERAL CONTRIBUTION UNITED WAY OF EAST TN HIGHLANDS 605 W WALNUT STREET SUITE 2 JOHNSON CITY TN 37604 626001105 501(C)(3) 23800 0 GENERAL CONTRIBUTION KINGSPORT CHAMBER OF COMMERCE 400 CLINCHFIELD STREET SUITE 100 KINGSPORT TN 37660 620446834 501(C)(6) 22400 0 GENERAL CONTRIBUTION UNITED WAY OF GREATER KINGSPORT 301 LOUIS STREET SUITE 201 KINGSPORT TN 37660 620481461 501(C)(3) 20000 0 GENERAL CONTRIBUTION APPALACHIAN HIGHLANDS COMMUNITY DENTAL CHARITIES 616 CAMPUS DRIVE SUITE 100 ABINGDON VA 24210 992564571 501(C)(3) 20000 0 DEVELOPMENT CONTRIBUTION YWCA NE TNSW VA 106 STATE STREET BRISTOL TN 37620 620488044 501(C)(3) 16040 0 GENERAL CONTRIBUTION UNITED WAY OF SOUTHWEST VIRGINIA PO BOX 644 ABINGDON VA 24212 540718860 501(C)(3) 15750 0 GENERAL CONTRIBUTION/EVENT SPONSORSHIP REGIONAL EAST TEXAS FOOD BANK 3201 ROBERTSON ROAD TYLER TX 75701 752222686 501(C)(3) 15250 0 GENERAL CONTRIBUTION/SNAP RELIEF/EVENT SPONSORSHIP THE SALVATION ARMY A GEORGIA CORPORATION 505 DALE STREET KINGSPORT TN 37660 580660607 501(C)(3) 15000 0 EVENT SPONSORSHIP BRISTOL CHAMBER OF COMMERCE 20 VOLUNTEER PARKWAY BRISTOL TN 37620 540150315 501(C)(6) 12165 0 GENERAL CONTRIBUTION/EVENT SPONSORSHIP BALLAD HEALTH FOUNDATION 1019 W OAKLAND AVENUE SUITE 2 JOHNSON CITY TN 37604 581594191 501(C)(3) 11250 0 GENERAL CONTRIBUTION/EVENT SPONSORSHIP BOYS AND GIRLS CLUB OF THE BIG PINES PO BOX 2041 MARSHALL TX 75671 752318241 501(C)(3) 11000 0 GENERAL CONTRIBUTION/EVENT SPONSORSHIP JOHNSON CITY PUBLIC SCHOOL FOUNDATION PO BOX 1517 JOHNSON CITY TN 37605 581908360 501(C)(3) 10500 0 EVENT SPONSORSHIP BIRTHPLACE OF COUNTRY MUSIC PO BOX 1927 BRISTOL VA 24203 621580405 501(C)(3) 10000 0 EVENT SPONSORSHIP MAKE-A-WISH FOUNDATION OF EAST TENNESSEE 6700 BAUM DRIVE SUITE 7 KNOXVILLE TN 37919 581799549 501(C)(3) 10000 0 GENERAL CONTRIBUTION SPEEDWAY CHILDREN'S CHARITIES - BRISTOL CHAPTER 151 SPEEDWAY BLVD BRISTOL TN 37620 561331429 501(C)(3) 10000 0 GENERAL CONTRIBUTION JOHNSON CITY AREA HOME BUILDERS ASSOCIATION 207 NORTH BOONE STREET JOHNSON CITY TN 37604 620928145 501(C)(6) 10000 0 EVENT SPONSORSHIP GREGG COUNTY HISTORICAL FOUNDATION 214 N FREDONIA STREET LONGVIEW TX 75601 756055196 501(C)(3) 10000 0 GENERAL CONTRIBUTION APPALACHIAN HIGHLANDS ECONOMIC DEVELOPMENT PARTNERSHIP 225 W CENTER STREET SUITE 217 KINGSPORT TN 37660 920465383 501(C)(6) 9989 0 GENERAL CONTRIBUTION PROVIDENCE MEDICAL CLINIC 441 CLAY STREET KINGSPORT TN 37660 264547646 501(C)(3) 8000 0 GENERAL CONTRIBUTION COALITION FOR KIDS INC PO BOX 3156 JOHNSON CITY TN 37602 621765487 501(C)(3) 7500 0 GENERAL CONTRIBUTION LOBO FOOTBALL BOOSTER CLUB INC 303 W LOOP 281 SUITE 110 BOX 224 LONGVIEW TX 75605 272819717 501(C)(3) 7000 0 GENERAL CONTRIBUTION UNITED WAY OF BRISTOL TNVA PO BOX 696 BRISTOL TN 37621 620476656 501(C)(3) 7000 0 GENERAL CONTRIBUTION GREENE COUNTY UNITED WAY 115 ACADEMY STREET GREENEVILLE TN 37743 626015767 501(C)(3) 7000 0 GENERAL CONTRIBUTION UNITED WAY OF HAWKINS COUNTY 405 S ARMSTRONG ROAD SUITE 8 ROGERSVILLE TN 37857 620731420 501(C)(3) 7000 0 GENERAL CONTRIBUTION GREATER KINGSPORT FAMILY YMCA 1840 MEADOWVIEW PKWY KINGSPORT TN 37660 581564232 501(C)(3) 7000 0 GENERAL CONTRIBUTION APPALACHIAN FAIR ASSOCIATION INC PO BOX 8218 GRAY TN 37615 620693038 501(C)(3) 6000 0 EVENT SPONSORSHIP UNICOI COUNTY FAMILY YMCA 601 LOVE STREET ERWIN TN 37650 620478092 501(C)(3) 5750 0 GENERAL CONTRIBUTION/EVENT SPONSORSHIP 34 5 PART I, LINE 2: GRANTS WILL BE RESEARCHED BY THE ECU STAFF, APPROVED BY THE CEO/PRESIDENT, AND REPORTED TO THE BOARD OF DIRECTORS ANNUALLY. ECU MAINTAINS RECORDS SUBSTANTIATING AMOUNTS PAID TO QUALIFYING ORGANIZATIONS AND CONFIRMS THE EXEMPT STATUS OF THE GRANTEE. ECU DOES NOT MONITOR THE FUNDS USE, AS USE OF FUNDS IS AT THE DISCRETION OF THE GRANTEE. X X 1 1 X X X X 0 0 0 KELLY PRICE PRESIDENT/CEO, DIRECTOR 884791 0 376470 0 38970 0 -61000 0 23177 0 1262408 0 0 0 TONJA FISH EVP, CHIEF FINANCIAL OFFICER 425149 0 120987 0 16704 0 -18000 0 12010 0 556850 0 0 0 DARRELL DINSMORE EVP, CHIEF ADMINISTRATIVE OFFICER 398063 0 113263 0 15976 0 -16000 0 11626 0 522928 0 0 0 JEREMIAH LOUNDS VP, CHIEF OPERATING OFFICER 357374 0 77245 0 7939 0 32395 0 27888 0 502841 0 0 0 RUSSELL AYSCUE VP, CHIEF INFORMATION OFFICER 325081 0 70546 0 9313 0 35359 0 27238 0 467537 0 0 0 DOLLY LINKOUS VP, CHIEF LENDING OFFICER 335628 0 71813 0 9427 0 -10000 0 11626 0 418494 0 0 0 MARK MILLWOOD VP, CHIEF HUMAN RESOURCE OFFICER 290835 0 62741 0 4743 0 35359 0 24638 0 418316 0 0 0 MATT WIMBERLEY VP, CHIEF LEGAL & RISK OFFICER 294285 0 64003 0 3368 0 32395 0 17533 0 411584 0 0 0 MATTHEW SMITH VP CHIEF MARKETING/ANALYTICS OFFICER 254403 0 54436 0 1301 0 29987 0 27888 0 368015 0 0 0 THOMAS KENNEDY VP, BUSINESS SERVICES 280680 0 50099 0 5745 0 38152 0 23315 0 397991 0 0 0 CHUCK PERRY VP, BRANCH OPERATIONS 261297 0 46921 0 5545 0 35553 0 11626 0 360942 0 0 0 JEFFREY DAVIS VP, CONTROLLER 195128 0 36147 0 3873 0 32123 0 23177 0 290448 0 0 0 MICHELLE CLARK VP, ENTERPRISE RISK MANAGEMENT 223772 0 40538 0 5745 0 0 0 20257 0 290312 0 0 0 JILL ALLEY DIRECTOR MEMBER CONTACT CENTER & DIGITAL SUPPORT 174963 0 23350 0 5817 0 -3490 0 22777 0 223417 0 0 0 PART I, LINE 1A THE CREDIT UNION'S EXPENSE POLICY INCLUDES AN ACCOUNTABLE PLAN WHEREBY BUSINESS EXPENSES ARE PAID BY THE CREDIT UNION AND WHEREBY ANY PERMISSIBLE TRAVEL FOR COMPANIONS PERMITTED BY STATE AND FEDERAL CREDIT UNION REGULATIONS ARE INCLUDED AS INCOME TO THE OFFICIAL. FORM 990, PART VI, SECTION A, LINE 6 EASTMAN CREDIT UNION IS A MEMBER OWNED NON-PROFIT TAX EXEMPT CORPORATION IN WHICH EACH MEMBER OWNS AN EQUAL SHARE. FORM 990, PART VI, SECTION A, LINE 7A AT THE ANNUAL MEETING OF THE MEMBERS, EASTMAN CREDIT UNION'S MEMBERS ELECT INDIVIDUALS FROM THE CREDIT UNION'S MEMBERSHIP TO SERVE ON THE BOARD OF DIRECTORS FOR THREE YEAR TERMS. IN THE EVENT THERE IS A VACANCY ON THE BOARD, THE DIRECTORS MAY APPOINT AN INTERIM MEMBER TO SERVE OUT THE TERM OF THE VACANT BOARD POSITION. FORM 990, PART VI, SECTION A, LINE 7B EASTMAN CREDIT UNION'S MEMBERS HAVE THE RIGHT TO VOTE, ON A PER CAPITA BASIS, ON DISSOLUTION OF THE CREDIT UNION, MERGER WITH ANOTHER CREDIT UNION, EXPULSION OF A MEMBER, CONVERSION FROM A STATE TO A FEDERALLY CHARTERED CREDIT UNION, CONVERSION TO ANOTHER TYPE OF FINANCIAL INSTITUTION, OR TO OVERRULE A DECISION OF THE CREDIT UNION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B EASTMAN CREDIT UNION'S FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND THEN REVIEWED BY ECU'S PRESIDENT/CEO, CFO, CHIEF LEGAL AND RISK OFFICER, CHIEF HUMAN RESOURCES OFFICER, AND CONTROLLER. A COMPLETE COPY OF THIS FORM 990 IS PROVIDED TO ALL MEMBERS OF THE ECU BOARD OF DIRECTORS BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO EMPLOYMENT ALL EMPLOYEES AND OFFICERS OF EASTMAN CREDIT UNION ARE REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST AND MUST AGREE TO UPDATE THE DISCLOSURE IN THE EVENT ANY CONFLICTS ARISE SUBSEQUENT TO EMPLOYMENT. PRIOR TO SERVING ON THE BOARD OF DIRECTORS, ALL PROSPECTIVE BOARD MEMBERS ARE REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICTS OF INTEREST. ALL EMPLOYEES AND MEMBERS OF THE BOARD OF DIRECTORS ARE ALSO REQUIRED TO COMPLETE AN UPDATED DISCLOSURE AT LEAST ANNUALLY. IT IS THE RESPONSIBILITY OF THE PRESIDENT OR CHAIR OF THE BOARD OF DIRECTORS TO DETERMINE THE RESOLUTION OF ALL ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. MEMBERS OF THE BOARD OF DIRECTORS DO NOT PARTICIPATE IN THE DELIBERATIONS OR VOTING ON MATTERS WHERE AN ACTUAL OR APPARENT CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 EASTMAN CREDIT UNION ANNUALLY PARTICIPATES IN EXECUTIVE COMPENSATION SURVEYS OF REPUTABLE COMPENSATION CONSULTANTS BY PROVIDING CURRENT BASE AND TOTAL COMPENSATION INFORMATION OF THE ECU OFFICERS. THE CONSULTING GROUPS FOCUS ON COMPARATIVE COMPENSATION INFORMATION WITHIN THE CREDIT UNION INDUSTRY. AS A RESULT OF PARTICIPATION, ECU RECEIVES DATA COMPILATION REPORTS AND ANALYSES FROM THE STUDIES CONDUCTED BY THESE COMPENSATION EXPERTS. RANKING AND COMPARATIVE INFORMATION FOR EACH RELEVANT POSITION IS PROVIDED IN BOTH STUDIES. ECU STUDIES AND UTILIZES PEER GROUP INFORMATION RELATIVE TO ECU'S ASSET SIZE AS BENCHMARK DATA. EASTMAN CREDIT UNION WORKS WITH CONSULTANTS FROM EACH RESPECTIVE CONSULTING FIRM TO OBTAIN SPECIAL DATA CUTS, CLARIFYING INFORMATION, AND ADVICE REGARDING MATCHING OF ECU POSITIONS TO BENCHMARK JOBS, INDUSTRY AVERAGE INCREASE IN EXECUTIVE COMPENSATION, AND OTHER INFORMATION RELATED TO EXECUTIVE BASE AND TOTAL COMPENSATION FACTORS. THE CHIEF HUMAN RESOURCES OFFICER PROVIDES A RECAP OF COMPENSATION STUDY INFORMATION IN A PRESENTATION FORMAT DURING A MEETING OF THE COMPENSATION COMMITTEE (SUBCOMMITTEE OF THE ECU BOARD OF DIRECTORS). THE COMPENSATION COMMITTEE REVIEWS THE DATA AND DISCUSSES AND PRESENTS QUESTIONS RELATED TO THE INFORMATION PROVIDED. WHEN NECESSARY, THE CHIEF HUMAN RESOURCES OFFICER WILL FOLLOW UP WITH COMPENSATION CONSULTANTS FOR ADDITIONAL INFORMATION TO BE PRESENTED FOR DISCUSSION AND CONSIDERATION. THE COMPENSATION COMMITTEE APPROVES AN AVERAGE SALARY INCREASE FOR THE CEO'S DIRECT REPORTS AND AUTHORIZES THE CEO TO AWARD INDIVIDUAL SALARY INCREASES ACCORDINGLY. FINAL AWARDS ARE DOCUMENTED AND SIGNED BY BOTH THE CEO AND THE CHAIR OF THE COMPENSATION COMMITTEE. THIS DOCUMENT IS SUBMITTED TO PAYROLL VIA THE CHIEF HUMAN RESOURCES OFFICER. THE COMPENSATION COMMITTEE MEETS IN EXECUTIVE SESSION TO FURTHER CONSIDER COMPENSATION DATA FOR THE CEO. FINAL AWARD IS DOCUMENTED AND SIGNED AS APPROVED BY THE CHAIR OF THE COMPENSATION COMMITTEE. THIS DOCUMENT IS SUBMITTED TO PAYROLL VIA THE CHIEF HUMAN RESOURCES OFFICER. ORIGINAL DOCUMENTS ARE MAINTAINED ON FILE IN THE HUMAN RESOURCES DEPARTMENT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND OTHER RECORDS AND POLICIES OF ECU ARE NOT GENERALLY MADE AVAILABLE TO THE PUBLIC. ECU MEMBERS ARE ENTITLED TO INSPECT CERTAIN RECORDS OF THE CREDIT UNION AFTER COMPLYING WITH THE REQUIREMENTS OF STATE LAW. NCUA PUBLISHES FINANCIAL INFORMATION QUARTERLY. THE INFORMATION IS ALSO PROVIDED IN THE ANNUAL REPORT. FORM 990, PART XI, LINE 9: NET DEFINED BENEFIT PENSION PLAN COST ADJUSTMENT 1,783,591. NET POST-RETIREMENT BENEFIT PLAN COST ADJUSTMENT -2,262,891. ECU TITLE SERVICES LLC 201 S WILCOX DR KINGSPORT TN 37660 464133177 TITLE AND ESCROW SERVICES TN 88482 3891958 EASTMAN CREDIT UNION