MNCPPC Federal Credit Union
33rd Annual Meeting
Election Report 2001
Date: March 22, 2002

The 33rd Annual Meeting of the MNCPPC Federal Credit Union was held at Saddlebrook, Wheaton, Maryland on Friday, March 22, 2002, at 10:00 a.m. Board members present were L. Houchens (President), C. Montrie, Treasurer, J. Carroll (Secretary), T. Janda, D. Sisson, R. Stevenson, A. Tankersley, and B. Voegtlin. Also attending was the Manager, G. Hutton; and Chairman of the Credit Committee, G. Kernan.

REPORT OF THE PRESIDENT
The President called the meeting to order at 10:10 A.M. In her opening comments, the President introduced the Board of Directors, and the Credit Union Committee Chairmen.

REPORT OF THE SECRETARY
On a motion by R. Stevenson, seconded by C. Montrie, the Minutes of the 32nd Annual Meeting of the M-NCPPC Federal Credit Union were approved; motion carried.

REPORT OF THE TREASURER
C. Montrie, Treasurer, presented the Treasurer's report. A copy of the report is attached. On a motion by A. Tankersley, seconded by B. Voegtlin, the Board accepted the Report of the Treasurer; motion carried. On behalf of the Board of Directors, a gift of a one-ounce Silver Eagle coin was presented to T. Janda, and one will be given to R. Gathers as a token of thanks for their service to the Credit Union.

REPORT OF THE CREDIT COMMITTEE
The Chairman of the Credit Committee, Greg Kernan, introduced the members of the Committee and presented the report, a copy of which is attached. On a motion by J. Carroll, seconded by R. Stevenson, the Board accepted the report of the Credit Committee; motion carried.

REPORT OF THE SUPERVISORY COMMITTEE
The Chairman of the Supervisory Committee, Ward Bourgondien, introduced the Committee members and presented the report. D. Jeffries was presented with a Silver Eagle coin and a commemorative plaque to thank her for her service to the Supervisory Committee. Elected to the Board of Directors for three-year terms were J. Carroll, W. Gillette, D. Jeffries, D. Sisson, and R. Stevenson. Elected to the Credit Committee for three-year terms were J. Reading, P. Young, and L. Zimmerman. A copy of the Supervisory Committee Report and the Election Committee Results are attached. On a motion by B. Voegtlin, seconded by C. Montrie, the Board accepted the Supervisory Committee and Election Committee Reports; motion carried.

Julie Carroll, Secretary
Lawanna Houchens, President