1st University Credit Union Minutes

63rd Annual Meeting of the Membership

March 25, 2019

Board Chairman Jerry Johnson called to order the 63rd Annual Meeting of the Membership at 6:32 p.m. Chairman Johnson introduced the current Board of Directors and recognized the Credit Union staff. The chairman declared that a quorum was present.

Johnson appointed Christine Wall as recorder.

Chairman Johnson asked that the members refer to the Minutes of the 62nd Annual Meeting of the Credit Union, which was given to each member as they registered. The Chairman entertained a motion for acceptance of the Minutes of the 62nd Annual Meeting of the Membership held on March 28, 2018. Approved by acclimation.

Gary Parker presented the 2018 financial reports. No questions were asked by the membership. The Chairman entertained a motion for acceptance for the Treasurer’s Report as it was presented to the membership. Randy Wood moved, with a second from Ethel Jennings, to accept the report as printed and presented. Motion passed.

Chairman Johnson asked for Supervisory Committee Chairman Jacob Singletary to present the Supervisory Committee report as presented in the printed Annual Report. No questions were asked by the membership. Chairman Johnson entertained a motion for acceptance of the Supervisory Committee Report as presented. Adonna Cook moved, with a second from Ethel Jennings, for acceptance of the report as presented. Motion passed.

Chairman Johnson called for a report from Nominations Committee Chairman Member Kevin Robinson. Robinson reported that the committee had two nominees. The Committee recommends Brad Hill for his first three year term and Adonna Cook for her first three year term. After hearing the nominations, Johnson called for other nominations three consecutive times. Johnson entertained a motion for nominations to cease. A motion for nominations to cease and the nominees to be elected by acclamation was offered by Ed Terry, with a second from Jacob Singletary. Motion passed and elections ceased.

Johnson stated that the door prize portion of the Annual meeting would take place.

The following door prizes were awarded:

$25.00 Cash: Jane Johnson, Katie Neumann, Anthony Johnson and Diane Schrimsher

Johnson entertained a motion for adjournment. Adonna Cook moved, with a second from Marilyn Terry, to adjourn the 63rd Annual Meeting of the Membership. Motion passed.

Time of adjournment 6:59 p.m.