Board of Directors: NCE Credit Union
Juan Escobar – Chairman term expires: March 2018
Irene Herrera – Co-Chairman term expires: March 2019
Brenda Nunez – Secretary term expires: March 2018
Joe Martinez – Board member term expires: March 2018
Patty Elkins- Board member term expires: March 2019
The responsibility of 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.
Credit Union Resources 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 January 9, 2017 audit performed for period December 2015 thru November 2016.
The reviews performed concluded that NCE Credit Union is safe, Sound, financially strong and maintains its creditials of sound credit union management. If you have have any questions or would like to see the results of audit please come by the Credit Union during business hours.
Credit Union Resources and Technology performed verification of member accounts for period ending December 2015.
The annual meeting was held March 14,.2017 at The Bar B-Q Man.
The meeting was called to order at 6:38Pm.
Board of Directors Present:
Juan Escobar-Chairman, Irene Herrera- Vice Chairman, Brenda Kay Nunez-Secretary, Joe Martinez, JoAnn Beltran and CEO Veronica Mahzoon-Hagheghi..
Veronica Mahzoon-Hagheghi, CEO welcomed and thanked members and guest for attending the Nueces County Employees Credit Union. annual meeting. Veronica Mahzoon-Hagheghi, CEo explained to the members how well the credit union is doing.
The pledge of Allegiance was led by Joe Martinez-Board of Director.
Opening prayer was given by Chairman Juan Escobar.
Chairman Juan Escobar introduced Maria Siero from American Income Life. She explained the benefits of the life insurance and how it works. The life insurance is being offered to all Nueces County Employees Credit Union members.
Ruth Ann Coward (bookkeeper) introduced the Nueces County Employees Credit Union Board of Directors and recognized the Nueces County Employees credit union staff.
Ruth Ann Coward (bookkeeper) recognized the outgoing Board of Directors: Co- Chairman, Juan Irene Herrera and interim Jo Ann Beltran. A gift certificate in the amount of $25.00 was given to each outgoing Board of Director.
Board of Director/Secretary Brenda Nunez recognized the nominating committee which consisted of NCE Members: Minerva Leal, Rosie Garcia, Yolanda Guajardo, Beatrice Molina and Janie Zamora.
Board of Director /Secretary Brenda Nunez read the minutes of March 8,2016 annual meeting. The annual meeting minutes were read and were available for review. No questions were asked and no comments were made. Motion to accept 2016 annual meeting minutes was made by Rosa Solis 1st nad 2nd by Yolanda Martinez, vote was called, all in favor, motion carried.
Board of Director Chairman- Juan Escobar gave an overview financial report on how well the Nueces County Credit Union is doing. On each table a copy of the financial report can be found and members are able to follow and review as it is being explained. The Credit Union is fundamentally sound, as evidenced by the absence of any material financial or operational weakness. The assets for 2015 were at 4 million dollars. The credit union is owned by its members and due to the amount of members we have, the assets of the Credit Union stands at 5 million dollars for the year of 2016. For a credit union our size that is incredible. Board of Director-Chairman Juan Escobar “Thanked” the Credit Union members, saying “you are the reason we are doing excellent”.
Board of Director Chairman- Juan Escobar announced the nomination for 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 meet every 3rd Tuesday of the month. The following people were nominated by the nominating committee:
- Jo Ann Beltran -19 votes
- Patty Elkins-32 votes
- Laverne Goode-9 votes
- Kerry Guinn-30 votes
- Irene Herrera-52 votes
- Rosa Solis-25 votes
open floor nominations was called. With no one being nominated, a motion to seize the floor nominations was made by Yolanda Martiez 1st and 2nd by Steve Garcia, vote was called, all in favor motion carried.
While the votes were being tabulated by Yolanda Martinez, Rosie Garcia and Karim Mahzoon.-Hagheghi. Board of Director-Chairman Juan Escobar informed the members of the Nueces County Employee Credit Union that dinner was being served.
Board of Director Chairman Juan Escobar announced the election results: The 2 new Board of Directors are Irene Herrera and Patty Elkins.
As the Nueces County Employees Credit Union members, guest and staff enjoyed their meal Board of Director Chairman- Juan Escobar and other Board of Directors handed out door prizes.
With no questions or comments Chairman Juan Escobar and the BOD once again thanked the NCE members, guest and staff who attended the annual meeting. Motion to adjourn the annual meeting at 8:23 pm was made by Steve Garcia 1st and 2nd by Jo Ann Beltran, vote was called, all in favor, motion carried.