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        <ExplanationTxt>THE UNION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501C5 OF THE INTERNAL REVENUE CODE. THERE HAVE BEEN NO FEDERAL OR STATE INCOME TAXES RECORDED AS OF DECEMBER 31, 2024 AND DECEMBER 31, 2023 FOR UNRELATED BUSINESS TAXABLE INCOME. IN ADDITION, THE UNION IS REQUIRED TO OPERATE IN CONFORMITY WITH THE INTERNAL REVENUE CODE TO MAINTAIN ITS TAX-EXEMPT STATUS. THE OFFICERS BELIEVE THAT THE UNION IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE AND, THEREFORE, BELIEVES THAT THE UNION IS TAX EXEMPT .THE UNIONS INFORMATIONAL RETURN FILINGS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER FILING.</ExplanationTxt>
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