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TO: ALL TENNESSEE STATE CHARTERED CREDIT UNIONS

SUBJECT: THE FILING OF IRS FORM 990 (FEDERAL ORGANIZATION RETURN) ON BEHALF OF STATE-CHARTERED CREDIT UNIONS

DATE: JUNE 5, 1992

As you know, the Department of Financial Institutions has for a number of years filed IRS Form 990 on behalf of state-chartered credit unions. However, effective immediately, it is now the policy of this department to no longer prepare or assist in the preparation of IRS Form 990. Therefore, state-chartered credit unions will be responsible for ensuring that Form 990 is properly filed in the future.

Questions concerning this Bulletin should be addressed to Assistant Commissioner Harry P. Murphy at 615/741-5608.


______________________________
Bill C. Houston
Commissioner