NCE Credit Union Mission Statement

Board of Directors: Nueces County Employees Credit Union

Juan Escobar – Chairman – Term 2022-2024

Irene Herrera – Co-Chairman – Term 2023-2025

Brenda K. Nunez – Secretary – Term 2022-2024

Judge Thelma Rodriguez – Board of Director – Term 2022-2024

Kerry Ginn – Board of Director – Term 2023-2025

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
December 19, 2022, audit performed for period of October 31, 2022.

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.

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

(361) 882-4780

Minutes May 09, 2023

Annual Meeting

I. Business Agenda

The Annual meeting was called to order at 6:05 p.m.

Board Members present:

Juan Escobar-Chairman

Irene Herrera-Co Chairman

Brenda K. Nunez-Secretary

Thelma Rodriguez

Kerry Ginn

Yome Delgado-CEO

Chairman Juan Escobar welcomed and thanked all members and guests for attending the NCE Credit Union’s 57th 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 2023, 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:

Yome Delgado-CEO- 3 years with NCE but has 28 years of financial services.

Monica Fuentes-Bookkeeper- 8 months

Sylvia Franco-Loan Officer/Collector-10 months/ 18 months

Yome Delgado-CEO Also welcomed all NCE members to the 57th 2023 Annual Meeting. She explained to the members that NCE is your credit union, and we are here to help each of you with your financial needs. The Credit Unions’ first priority is your financial success, and we focus on financial security. Yome Delgado assured the members that their deposits are protected by the National Credit Union Share Insurance Fund up to $250,000 per individual depositor. Credit Union members have never lost a penny of insured savings at a federally insured credit union. NCE Credit Union is committed to serving our members. The value hasn’t changed; our members will always come first.

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. When I call your name please stand up.

Yome Delgado recognized the outgoing Board of Directors: Co-Chairman Irene Herrera and Board member Kerry Ginn. A gift card in the amount of $25.00 was given to each outgoing Board of Directors.

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.) Route 66
3.) Cuna Mutual Group
4.) Total 1 Services Corp
5.) Judge Thelma Rodriguez
6.) Judge Henry Santana
7.) Coastal Bend Food Bank
8.) American Income Life Insurance
9.) Brenda Kay Nunez
10.) Irene Herrera
11.) Juan Escobar
12.) Executive Surf Club
13.) Las Palmas Mexican Café
14.) Starbucks
15.) Rudy’s BBQ
16.) CC Chamber of Commerce
17.) Shoreline Sandwich Co
18.) Ubeo
19.) Hurricane Alley Waterpark

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

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 10, 2022, 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 Judge Joe Benavides 1st and 2nd by member Emma Cruz, vote was called, all in favor, motion carried.

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 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 positions above 7% is considered well capitalized by our regulators.

Financial Report for 2022

Total loans: $3,598,659.00
Investments: 1,345,000.00
Total assets: $5,289,023.00
Total Income: $ 336,992.00
Total expenses: $291,445.00
Cost of Funds: $11,360.00
Total Net Income: $34,187.00

A Supervisory Committee Audit was performed by GF Valdez. P.C. as of October 3 1, 2022, to verify the accuracy of NCE Credit Union’s records in accordance with requirements set forth in the Credit Unions bylaws and Regulations.

Board of Director- 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 although we also may meet after work or on Saturdays. The following people were nominated by the nominating committee:

1) Irene Herrera
2) Kerry Ginn

Board of Director- Thelma Rodriguez opened floor nominations. With no nominations a motion to seize the floor nominations was made by member Jo Ann Beltran 1st and 2 nd by member Consuelo Larioz, vote was called, all in favor, motion carried.

Chairman Juan Escobar informed the NCE members that dinner is now being served.

Chairman Juan Escobar handed out door prizes to members whose names were drawn through a ticket system.
Board of Director- Thelma Rodriguez announced the election results: The 2 new Board of Directors for 2023-2025 are Irene Herrera and Kerry Ginn.

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 2023 annual meeting and for allowing NCE Credit Union staff and Board of Directors to serve them. All the members are greatly appreciated.

Motion to adjourn the annual meeting at 7:28 p.m. was made by Paula Hernandez 1st and 2nd by Emma Cruz, vote was called, all in favor, motion carried.

Juan Escobar, Chairman
Date: 05/31/23

Brenda Kay Nunez, Secretary
Date: 05/31/23

Click here for the 2022 Financial Report