Board of Directors: NCE Credit Union
Juan Escobar – Chairman term expires: March 2020
Irene Herrera – Co-Chairman term expires: March 2019
Brenda Nunez – Secretary term expires: March 2020
Joe Martinez – Board member term expires: March 2020
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 February 20th audit performed for period December 2016 thru December 2017.
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 13.2018 at The Bar B-Q Man.
The meeting was called to order at 6:45Pm.
Board of Directors Present:
Juan Escobar-Chairman, Irene Herrera- Vice Chairman, Brenda Kay Nunez-Secretary, Joe Martinez, Patty Elkins 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. Chairman Juan Escobar also thanked everyone for attending.
The pledge of Allegiance was led by Joe Martinez-Board of Director.
Opening prayer was given by Chairman Juan Escobar.
Co-Chairman Irene Herrera introduced the Credit Union Staff.
Ruth Ann Coward (Bookkeeper) introduced the Board of Directors.
Chairman Juan Escobar gar recognition to the Donors of door prizes for our annual meeting. They are as follows:
- Michele Kuchta, Attorney at Law
- Andy and Bertie Villarreal Tax Services
- Bella’s Bistro
- Ruth Coward
- Irene Herrera
- Severa Stapurewicz
- Juan Escobar
- Brenda Nunez
- Bar B Que Man
- Saltwater Restaurant
- Roadhouse Restaurant
- USS Lexington
- Route 66
- Hurricane Alley
- Total One
Ruth Ann Coward (bookkeeper) recognized the outgoing Board of Directors. Chairman Juan Escobar, Brenda Nunez, and Joe Martinez. A gift certificate in the amount of $25.00 was given to each outgoing member.
Ruth Ann recognized the nominating committee which consisted of NCE members: Laura Garcia, Patricia Gobble, Yolanda Guajardo, Nori Rodriquez and Jane Zamora.
Board of Director /Secretary Brenda Nunez read the minutes from March 14, 2017 annual meeting. The annual meetings minutes were available for review. No questions were asked and no comments were made. Motion to accept the 2017 annual meeting minutes was made by Jo Ann Beltran 1st and 2nd by Cynthia Gonzales, vote e was called, all in favor motion carried.
Ruth Ann Coward gave an overview financial report on how well The 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 fundamentally sound, as evidence by the asbsence of any material financial or operational weakness. The assets for 2017 were $5,382,502.40. The Credit Union is owned by he members and due to the amount of members we have, the net worth of the Credit Union stands over $5million dollars for the year of 2017.
Board of director Irene Herrera announced the nomination for 3 vacancies available on the Board of Directors. She informed the NCE members that serving on the Board of Directors is on volunteer basis and the Board of Directors meet every third Tuesday of the month at noon. The following people were nominated by the nominating committee:
- Juan Escobar
- Kerry Ginn
- Cynthia Martinez
- Joe Martinez
- Brenda Nunez
- Sabra Robinson
- Rosa Solis
Open floor nominations were called. With no one being nominated, a motion to seize the floor nominations was by Yolanda Martinez 1sr and 2nd by Karim Mahzoon Sr., Vote was called, all in favor, motion carried.
While the votes were being tabulated by Yolanda Martinez, Patricia Gobble 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 Co- Chairman Irene Herrera announced the election results: The 3 new Board of Directors are Juan Escobar, Joe Martinez, and Brenda Nunez.
As the Nueces County Employees Credit Union members, guest and staff enjoyed their dinner Severa Stapurewicz handed out door prizes with the help of 2 volunteers who picked the winning tickets.
With no questions or comments Board of Director/ 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 8:35 pm was made by Thad Roberts 1st and 2nd by Karim Mahzoon Sr., vote was called, all in favor, motion carried.