NCE Credit Union Mission Statement

Board of Directors: Nueces County Employees Credit Union

Juan Escobar – Chairman – Term 2024-2026

Thelma Lopez – Co-Chairman – Term 2025-2027

Brenda K. Nunez – Secretary – Term 2024-2026

Judge Thelma Rodriguez – Board of Director – Term 2024-2026

Kerry Ginn – Board of Director – Term 2025-2027

Supervisory Committee:

The responsibility of the supervisory committee is to ensure that proper.
controls are effectively maintained to adequately protect the Credit Union,
its members, management and employees. Independent CPA’s and companies are
employed to audit areas of risk in the operations of the Credit Union. These
audits allow Credit Union activities to be monitored to ensure assets are
properly safeguarded.

GF Valdez, P.C. was retained to perform annual audit and examination
of critical Credit Union policies and procedures. The accuracy and
reliability of financial statement is also reviewed. Last audit performed
April 30, 2025, audit performed for period of December 31, 2024.

The reviews performed concluded that NCE Credit Union is safe, sound,
financially strong and maintains its credentials of sound credit union
management. If you have any questions or would like to see the
results of audit please come by the Credit Union during business
hours.

G.F. Valdez, P.C. performed the verification of member accounts for the period ending December 31, 2024.

Nueces County Employees Credit Union

901 Leopard St. Suite 114
Corpus Christi, Texas 78401
(361) 882-4780

Annual Meeting Minutes
March 11, 2025

Board Members present:

Juan Escobar-Chairman
Thelma Lopez-Co Chairman
Brenda K. Nunez-Secretary
Kerry Ginn-Board Member
Yome Delgado-CEO

Board Member not present:

Judge Thelma Rodriguez – Board Member

NCE Credit Union’s 59th Annual Meeting was called to order by Board Chairman Juan Escobar at 6: 10 p.m. Chairman Juan Escobar ascertained a quorum of more than 15 members. A motion to accept the Annual Meeting to order was made by Paula Perry 1st and 2nd by Regina Cueva, the vote was called, all in favor, motion was called.

Opening Prayer was given by Chairman Juan Escobar.

The Pledge of Allegiance was recited by Board of Director Kerry Ginn.

Board Chairman-Juan Escobar welcomed and thanked the NCE members in attendance. He expressed that NCE Credit Union’s success depends on the participation of our member-owners, we appreciate each of you for your involvement here this evening. Chairman Juan Escobar took a moment to recognize and acknowledge the passing of Board Vice Chairman, Irene Herrera who passed away in May of 2024. Vice-Chairman Irene Herrera has served as a Board of Directors since 1986.

Chairman’s Report:

Chairman Juan Escobar expressed that it has been a pleasure to serve the member-owners of NCE Credit Union with a knowledgeable and engaged Board of Directors.
We understand the responsibility and trust that you place in us to protect your financial interests with NCE Credit Union. Our goal is that we continue to keep our small Credit Union well-positioned for continued growth and success. Again, I commend my fellow board members for their dedication to this credit union. The strength of this board’s commitment to strong governance and management is critical to NCE Credit Union’s well-being, sustainability, and prosperity. In closing, I would like to express that our future is bright because our strong performance has positioned us to face any challenge and seize any opportunity that presents itself in 2025. Thank you, ladies and gentlemen. I wish you and your families the very best. We appreciate you, OUR MEMBERS.

President’s Report:

Chairman Escobar turned it over to Yome Delgado-CEO to deliver the President’s
Report. Yome Delgado welcomed and thanked NCE members for attending the 59th Annual Meeting. She explained that our members are the difference and the reason credit unions are different from other financial institutions. Our members are our owners, and we are accountable to you. As a member-owner, you make the decisions and participate with your vote. Being informed of the current state of your Credit Union benefits us all, so thank you for your presence here tonight. More recently, the economy has encountered uncertainties from the wars abroad, supply chain disruptions, rising energy costs, and inflation. We at NCE Credit Union are doing our part to help you get through these challenges by offering competitive rates, adapting to the shifts in the industry and the global economy, and developing forward-thinking so that we can provide the best value and experience for you. NCE Credit Union actively engages in organizations that support credit unions. For instance, Cornerstone League and our regional credit union association allow us to benefit from advocacy, education, tools, and resources that support all we do. NCE credit union purchased two new ATMs and had numerous membership giveaways. NCE Credit Union has diligently offered monthly loan promotions and reminded the membership we continue to match rates from other financial institutions. NCE continues to educate our member on how to improve their credit history. We want to offer everyone the best loan rate possible.
We certainly face some challenges in 2025-the economy and the changing political landscape. At the same time, we must embrace the digital world, with its unparalleled speed. NCE Credit Union is your credit union. We are here to serve you, and we need your continued support and involvement to ensure the best outcomes for you.

Yome Delgado-CEO recognized and introduced the NCE Board of Directors. She also thanked them for their leadership, dedication, and passion for this credit union. The strength of their commitment is key to our long-term sustainability and prosperity.

Chairman Juan Escobar introduced the NCE Credit Union staff and praised them on a job well done:

Annual Audit Report:

Yome Delgado-CEO informed the members that she is very pleased to announce that NCE Credit Union is a well-capitalized financial institution with a strong net worth.

Yome Delgado-CEO gave an overview financial report on how well NCE Credit Union is doing. On each table, a copy of the financial report can be found, and members are able to follow and review it as it is being explained. She was pleased to announce that again this year NCE Credit Union is a well-capitalized financial institution, with a strong net worth ratio of 21%. To put that in perspective, a net worth position above 7% is considered well-capitalized by our regulators.

Financial Report for 2024:

Total loans: $2,912,433
Investments: $1,600,000
Total assets: $5,608,858
Total Income: $ 413,726
Total expenses: $343,795
Cost of Funds: $51,655
Total Net Income: $18,275

A Supervisory audit was being performed by GF Valdez., P.C. as of December 31, 2024, to verify the accuracy of NCE Credit Union’s records in accordance with requirements set forth in the Credit Union Bylaws and Regulations.

Board of Director/Secretary, Brenda Kay Nunez read the minutes from (Tuesday)March 12, 2024, annual meeting. The annual meeting minutes were available for review. BOD/Secretary asked if there was any new business, no questions were asked, and no comments were made.

Motion to accept the 2024 annual meeting minutes was made by member Joann Beltran 1st and 2nd by member Paula Perry vote was called, all in favor, motion was carried.

Yome Delgado, CEO recognized the outgoing Board of Directors: Vice-Chairman (Interim) Thelma Lopez and Kerry Ginn. A gift card in the amount of $25.00 was given to each outgoing Board Director.

Yome Delgado-CEO recognized the nominating committee which consisted of NCE Credit Union members: Patricia Gobble, Laverne Goode, and Yvonne Flores.

Chairman Juan Escobar announced the nomination for the 2 vacancies available on the Board of Directors. He informed the NCE members that serving on the Board of Directors is on a volunteer basis and the Board of Directors meets every 3rd Tuesday of the month at noon although they also may meet after work or on Saturdays. The following people were nominated by the nominating committee:

1) Kerry Ginn
2) Thelma Lopez

Chairman Juan Escobar opened floor nominations. With no nominations a motion to seize the floor nominations was made by member Consuelo Larioz 1st and 2nd by member Regina Cueva, the vote was called, all in favor, motion was carried.

Chairman Juan Escobar announced the 2 new Board of Directors for 2025-2027 are Kerry Ginn and Thelma Lopez.

Chairman Juan Escobar asked the members if there were any questions. With no questions or comments, Chairman Juan Escobar informed the NCE members that dinner was now being served.

Chairman Juan Escobar handed out door prizes to members whose names were drawn through a ticket system.

Chairman Juan Escobar gave recognition to all the Donors of door prizes for our annual meeting. They are as follows:

1.) American Income Life Insurance
2.) Andy and Bertie Villarreal Tax Service: Owner Bianca Villarreal Apusen
3.) Angela Villanueva- NCE Loan Officer
4.) BOD: Brenda Nunez
5.) Calger Insurance
6.) Cindy & Raymond Villarreal- NCE members
7.) Cookies by Design- Travis
8.) Corpus Christi Ice Rays
9.) GF Valdez-CPA
10.) Jaime Martinez
11.) Jill Brown- Cottage Bakery
12.) Chairman: Juan Escobar
13.) Judge Henry Santana JP 1-2
14.) BOD: Judge Thelma Rodriguez
15.) BOD: Kerry Ginn
16.) Laurie and Esmeralda Fierro-NCE Members
17.) Attorney at Law Michelle Villarreal-Kuchta
18.) Monica Fuentes- Bookkeeper
19.) NCE Credit Union
20.) Route 66 Extended Warranty
21.) Shoreline Sandwich Co
22.) South Texas Auto Recon: Owner Andrew Villarreal
23.) Texas A&M Corpus Christi Islanders
24.) The Bar-B-Q Man
25.) Total 1 Services Corp
26.) Yome Delgado- NCE CEO

After all prizes were given, Chairman Juan Escobar thanked the NCE Credit Union members and guests who attended the 59th annual meeting and for allowing NCE Credit Union staff and the Board of Directors to continue to serve our members who are greatly appreciated.

Motion to adjourn the annual meeting at 8:00 p.m. was made by Esmerelda Fierro 1st and 2nd by Maria Luisa Cruz, the vote was called, all in favor, motion was carried.

Juan Escobar, Chairman
Date: 03/26/2025

Brenda Kay Nunez, Secretary
Date: 03/26/2025

Click here for the 2024 Financial Report