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MNCPPC Federal Credit Union
39th Annual Meeting
Election Report 2007
Date: April 26, 2008

MINUTES OF THE 2007 ANNUAL MEETING

The 39th Annual Meeting of the MNCPPC Federal Credit Union was held at Brookside Gardens, Montgomery County, MD on Wednesday, Arpil 16, 2008, at 10:15 a.m. Board members present were B. Gillette, President, M. Wynnyk, Vice-President, D. Sherwood, Treasurer, J. Carroll, Secretary, L. Hill, T. Plumb, J. Devlin and M. Arrington. Also attending was the Chairman of the Supervisory Committee, P. Deavers, the Chairman of the Credit Committee, G. Kernan, and the Manager, G. Hutton.

REPORT OF THE PRESIDENT

The President called the meeting to order at 10:15 a.m. In his opening comments, the President introduced the Board of Directors and the Credit Committee Chairman. He reviewed the past year in the Credit Union. Service awards were presented to L. Edwards for 25 years, M. Woodyard, L. Buckler, and R. Scott for 10 years. A special award was presented to J. Carroll for many years of service on the Board

REPORT OF THE SECRETARY

On a motion by M. Wynnyk, seconded by L. Hill, the minutes of the 38th Annual meeting of the MNCPPC Federal Credit Union were approved; motion carried.

REPORT OF THE TREASURER

D. Shewwood, Treasurer presented the report. A copy of the report is attached. On a motion by M. Wynnyk, seconded by L. Hill, the Board accepted the Report of the Treasurer; motion carried.

REPORT OF THE CREDIT COMMITTEE

The Chairman of the Credit Committee, G. Kernan, introduced the members fo the Committee and presented the report, a copy of which is attached. On a motion by T. Plumb, seconded by L. Hill, the Board accepted the report of the Credit committee; motion carried.

REPORT OF THE SUPERVISORY COMMITTEE

The Chairman of the Supervisory Committee, P. Deavers, introduced the Committee members and presented the report. Elected to the Board of Directors for three-year terms were M. Wynnyk and T. Brown. Elected to the Credit Committee for three-year terms were S. Chandlee, B. Gordon, and C. Palleschi. A copy of the Supervisory Committee Report and the Election Committee results are attached. On a motion by D. Sherwood, seconded by T. Plumb, the Board accepted the Supervisory Committee and Election Committee Reports; motion carried.

OLD BUSINESS
The President welcomed questions from the floor. Since there were no questions, the President then moved on to new business.

NEW BUSINESS
The Creidt Union Staff supervised the drawing of the door prizes for the membes of the Credit union who attended.

There being no further business, the 39th Annual Meeitng of the MNCPPC Federal Credit Union adjourned at approximately 10:40 a.m.

Respectively submitted,

Julie Carroll, Secretary
B. Gillette, President

 


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