NCE Credit Union Mission Statement
Board of Directors: Nueces County Employees Credit Union
Juan Escobar – Chairman – Term 2022-2024
Irene Herrera – Co-Chairman – Term 2021-2023
Brenda K. Nunez – Secretary – Term 2022-2024
Judge Thelma Rodriguez – Board of Director – Term 2022-2024
Kerry Ginn – Board of Director – Term 2021-2023
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
Cornerstone 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
February 15th, 2022 audit performed for period of December 31st, 2021.
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
Cornerstone Resources performed verification of member accounts for period
ending December 31,2021.
Nueces County Employees Credit Union
901 Leopard St. # 114
Corpus Christi, Texas 78401
Minutes May 10, 2022
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
Kerry Ginn- Absent
Chairman Juan Escobar welcomed and thanked all members and guests for attending the NCE Credit Union’s 56th annual meeting. Chairman Juan Escobar at this time, we will ascertain a quorum of more than 15 members.
Chairman-Juan Escobar thanked the membership of NCE Credit Union for allowing him to serve as your Board Chair this past year. It has been a pleasure to serve you and work 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 our Credit Union. We are all stakeholders here, each of us invested in the health and wellbeing of this great financial institution. So, I want to thank you for being here,
and I applaud you for being truly connected member- owners. We look forward to a successful 2022, and years to come. We appreciate you, OUR MEMBERS.
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 – 3 years
Yome Delgado – Bookkeeper – 2 years
Angela Villanueva – Loan Officer/Collector – 5 years/3 years
Paula Garza-CEO Also welcomed all NCE members to the 2022 Annual Meeting and added the NCE Credit Union Happy 56th Anniversary to all our valued members at NCE Credit Union! Your credit union has seen many challenges over the year, but one core value hasn’t changed; our members will always come first. We are delighted to serve each member of the NCE Credit Union and can be here celebrating another milestone the 56th Annual meeting.
I want to recognize our board members for their leadership, dedication, and passion for this credit union. The strength of their commitment is key to our long-term sustainability and prosperity. When I call your name please stand up.
Judge Thelma Rodriguez
In 2021, NCE Credit Union like many of you, faced numerous obstacles and learned to adapt to the challenges of an ongoing pandemic. We continue to implement several measures to protect our employees, members, and the community throughout 2021. I cannot express how proud I am of our staff for being flexible, accommodating, and committed towards providing the level of service and sensitivity that all members expect. Paula Garza-CEO informed the NCE members that dinner was now being served.
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)
4) Michelle Kuchta Attorney at Law
5) Judge Thelma Rodriguez
6) Judge Henry Santana
7) Judge Joe Benavides
8) American Income Life Insurance
9) Brenda Kay Nunez
10) Irene Herrera
11) Juan Escobar
Yome Delgado recognized the outgoing Board of Directors: Chairman Juan Escobar, Secretary, Brenda Kay Nunez, and Board member Judge Thelma Rodriguez. A gift certificate in the amount of $25.00 was given to each outgoing Board of Directors.
Irene Herrera recognized the nominating committee which consisted of NCE members: Patricia Gobble, Beatrice Molina, and Telma Lopez.
Board of Director/ Secretary, Brenda Kay Nunez read the minutes from the (Tuesday) May 11, 2021, annual meeting. The annual meeting minutes were available for review. No questions were asked, and no comments were made.
Motion to accept the 2021 annual meeting minutes was made by Joe Benavides 1st and 2nd by JoAnn Beltran, 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. She was very please to announce that again this year NCE Credit Union is a well-capitalized financial institution, with a strong net worth ratio of 20%. To put that in perspective, a net worth position above 7% is considered well capitalized by our regulators.
Financial Report for 2022
Total assets: 5,422,742.18
Total income: $44,264.00
A Supervisory Committee audit was performed by Cornerstone Resourced as of December 31, 2021, to verify the accuracy of NCE Credit Union’s records in accordance with requirements set forth in the Credit Union bylaws and Regulations.
Co-Chairman/Board of Director-Irene Herrera announced the nomination for the 3 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 although we also may meet after work or on Saturdays. The following people were nominated by the nominating committee:
1) Juan Escobar
2) Brenda Kay Nunez
3) Thelma Rodriguez
Open floor nominated were called. Members Cynthia Creek and David Garcia were nominated. Each accepted the nomination and introduced themselves to the NCE members. A motion to seize the floor nominations was made by Judge Joe Benavides 1st and 2nd by Lisa Espinosa, vote was called, all in favor, motion carried.
While the votes were being tabulated by 2 members of NCE April Sanchez and Patricia Gobble, Board of Director Judge Thelma Rodriguez handed out door prizes to members whose names were drawn through a ticket system.
Co Chairman/Board of Director-Irene Herrera thanked the 2 NCE members for tallying the Board of Directors ballots. Co Chairman-Irene Herrera announced the elections results: The 3 new Board of Directors for 2022-2024 are Juan Escobar, Brenda Kay Nunez, and Judge Thelma Rodriguez.
1) Cynthia Creek-18
2) Juan Escobar-39
3) David Garcia-27
4) Brenda Nunez-30
5) Judge Thelma Rodriguez-37
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 2022 annual meeting. Chairman Juan Escobar also addressed the NCE members and thanked them once again for allowing NCE staff to serve them and greatly appreciated all the members.
Motion to adjourn the annual meeting at 8:12p.m. was made by Patricia Gobble 1st and 2nd by Yolanda Morena, vote was called, all in favor, motion carried.