Board of Directors: NCE Credit Union
Juan Escobar – Chairman -Term expires: 2022
Irene Herrera – Co-Chairman – term expires: 2023
Brenda Nunez – Secretary – Term expires: 2022
Judge Thelma Rodriguez – Board of Director – Term expires: 2022
Kerry Ginn- Board of Director – Term expires: 2023
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.
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 March 14th, 2021 audit performed for period December 31st, 2020.
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 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 31,2019 and May 9th, 2020.
Annual Meeting Minutes
May 11, 2021 Annual Meeting
I. Business Agenda
The Annual meeting was called to order at 6:11 p.m
Board Members present:
Irene Herrera-Co Chairman
Brenda K. Nunez-Secretary -Absent
Anna Ramos -BOD- Absent
Chairman Juan Escobar welcomed and thanked all members and guests for or attending the NCE Credit Union’s 55th annual meeting. Chairman Juan Escobar mentioned that as many of you know our dedicated Patti Elkins who served for 4 ½ years as a Board of Director is no longer with us. Chairman Juan Escobar expressed how the NCE Credit Union is membered owned. As we move into 2021 we promise that we will continue to grow responsibly while listening and responding to your needs. Our members owners are important to our credit union family. We are greatly humbled by the trust you have placed on us and chosen NCE as your financial partner.
The Pledge of Allegiance was said by Irene Herrera-Board of Director.
Opening prayer was given by Chairman Juan Escobar.
Chairman Juan Escobar introduced the NCE Credit Union staff.
Paula Garza-CEO- 2 years
Yome Delgado-Bookkeeper- 1 year
Angela Villanueva-Loan Officer/Collector-5 years/2 years
Sylvia Franco-Financial Service rep- 1 year
Paula Garza-CEO Also welcomed all NCE members to the 2021 Annual Meeting and added the NCE Credit Union worked diligently through 2020 and the National Pandemic. What a challenging year for our members and our staff. Your credit Union remained strong throughout the year and we continue to be a STRONG Financial institution who is proud of our membership. NCE Board and Staff appreciated the patience of our members as we have all worked diligently this year with the changes that were necessary to operate safely for all parties.
Paula Garza-CEO also added that the NCE staff worked hard to put the meeting together and had obtained 11 door prizes, due to covid most venders didn’t donate this. Please enjoy the delicious meal and good luck to all members. Thank you
Paula Garza-CEO introduced the NCE Credit Union Board of Directors.
Juan Escobar-Chairman-Term: 2020/2022
Irene Herrera-Co-Chairman-Term: 2019/2021
Brenda Nunez-Secretary-Term: 2020/2022
Interim BOD Anna Ramos for Patti Elkins-Board of Director-Term: 2019/2021 Judge Thelma Rodriguez-Board of Director-Term: 2020/2022
Chairman Juan Escobar gave recognition to all the Donors of door prizes for our annual meeting. They are as followed:
1.) NCE Credit Union
2.) Calger Inc- (extended Warranty)
3.) Judge Thelma Rodriguez
Yome Delgado recognized the outgoing Board of Directors: Vice Chairman Irene Herrera, and Interim BOD Anna Ramos. A gift certificate in the amount of $25.00 was given to each outgoing Board of Directors.
Judge Thelma Rodriguez recognized the nominating committee which consisted of NCE members: Patricia Gobble, Laverne Goode, Beatrice Molina, Telma Lopez and Dalia Mahurin.
Board of Director Judge Thelma Rodriguez BOD in the absent of Board of Director/ Secretary Brenda Nunez read the minutes from the March 10, 2020 annual meeting. The annual meeting minutes were available for review. No questions were asked, and no comments were made. Motion to accept the 2020 annual meeting minutes was made by Josie Herro 1st and 2nd by Cindy Gonzales, vote was called, all in favor, motion carried.
Paula Garza-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 as it is being explained. The Credit Union is a well-capitalized financial institution with a strong net worth and ratio of 19%. She presented the Annual Supervisory Audit Report that was performed on May 15th-19th of2021 to the members. NCE is fundamentally sound, as evidence by the absence of of any material financial or operational weakness from last year’s audit. The assets for 2020 were $5,424,758.69. Total Income: -$15,439.16. The NCE Credit Union stands over $5 million dollars for the year 2020.
Board of Director/Judge Thelma Rodriguez announced the nomination for the 2 vacancies available on the Board of Directors. She 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 at noon. The following people were nominated by the nominating committee:
1). Irene Herrera – 42
2). Anna Ramos -24
3). Kerry Ginn- 30
Open floor nominations were called. With no one being nominated, a motion to seize the floor nominations was made by Patricia Gobble 1st and 2nd by Sue Morrison, vote was called, all in favor, motion carried.
While the votes were being tabulated by Patricia Gobble and Lisa Espinosa, Chairman Juan Escobar informed the NCE members and their guests that dinner is now being served.
Board of Director/Judge Thelma Rodriguez announced the election results: The 2 new Board of Directors are Irene Herrera and Kerry Ginn.
As the NCE Credit Union members, guests and staff enjoyed their meal Chairman Juan Escobar and Yome Delgado handed out door prizes with the help of each winner picking the next ticket.
With no questions or comments Board of Director/Chairman Juan Escobar and the Board of Directors once again thanked the NCE Credit Union members, guest, and staff who attended the 2021 annual meeting. Chairman Juan Escobar also addressed the NCE members and Thanked them for allowing NCE staff to serve them and greatly appreciate all the members. Motion to adjourn the annual meeting at 7: 18 p.m. were made by Josie Herro 1st and 2nd by Kerry Ginn vote was called, all in favor, motion carried.