Housekeeping Teleconference (Voice Services) Dial-in number: (877) - - PowerPoint PPT Presentation

Housekeeping

• Teleconference (Voice Services)

Dial-in number: (877) 906-9811 Participant Passcode: 9812138564

• Annual Meeting Minutes

Please review before meeting at www.creditunion.coca-cola.com Resources/2016 Annual Meeting

• Prize Drawing
• Must be logged into online Open meeting
• Member in good standing
• Questions

Please submit questions via Open meeting chat panel. Questions will be answered during the ‘Other Business’ segment.

Chairman’s Introduction

• Welcome
• Call to Order

Agenda

• Introduction of the Board

Ivor Longo

• Approval of Annual Meeting Minutes

Margaret Sherrod

• Supervisory Committee Report

Karen Brey

• Chairman’s Report

Ivor Longo

• President’s Report

Rob Hatefi

• Nominating Committee Report

Shilvi Leinwand

• Other Business

Ivor Longo

• Q & A

Ivor Longo

• Closing Remarks/Adjourn Meeting

Ivor Longo

• Prize Drawing

Board of Directors

Ivor Longo Chairman Karen Brey Vice Chairman Nick Nichols Chief Financial Officer Margaret Sherrod Chief Recording Officer Anita DeMyers Board Member Cameron Tyer Board Member Chris Nolan Board Member Katherine Fithen Board Member Mike Gregorio Board Member Livingstone Johnson Board Member Michael La Kier Board Member Shilvi Leinwand Board Member Peter Pearson Board Member

Ivor Longo - Board Chairman

Karen Brey – Vice Chairman

Nick Nichols – Chief Financial Officer

Margaret Sherrod - Chief Recording Officer

Anita DeMyers – Board Member

Cameron Tyer – Board Member

Katherine Fithen – Board Member

Mike Gregorio – Board Member

Livingstone Johnson– Board Member

Michael La Kier – Board Member

Shilvi Leinwand– Board Member

Chris Nolan – Board Member

Peter Pearson – Board Member

Board Committees

• Finance Committee
• Supervisory Committee
• Committee on Directors Committee
• Marketing Committee
• Loan Review Committee
• Technology/ Security Committee
• Advisory Council Committee
• Membership Committee
• Personnel Committee
• Contract Review Committee

• Approval of Annual Meeting Minutes
• Chief Recording Officer, Margaret Sherrod

Annual Meeting Minutes

Annual Meeting Minutes

• Supervisory Committee Chairman
• Karen Brey

Supervisory Committee Report

• Board Chairman
• Ivor Longo

Chairman’s Report

Chairman’s Message

President’s Report

• Statement of Condition

EARNINGS RATIOS 2016 2015 2014 Yield on average Loans 4.2% 4.2% 4.3% Yield on Investments 1.3% 1.0% 0.6% Gross Income/Average Assets 4.0% 3.9% 3.8% Cost of Funds 0.1% 0.1% 0.1% Net Interest Margin 3.0% 2.9% 2.8% Operating Expense Ratio 3.3% 3.4% 3.4% Return on Average Assets 0.6% 0.3% 0.3%

Financial Ratios

2016 2016/2015 Growth 2015 2015/2014 Growth 2014 Total Loans 115.5 $ 4.7% 110.3 $ 3.4% 106.7 $ Total Investments 64.4 $ 10.8% 58.1 $ 0.3% 57.9 $ Total Assets 182.0 $ 7.2% 169.7 $ 2.5% 165.5 $ Total Shares 164.1 $ 7.7% 152.4 $ 3.6% 147.1 $ Total Equity 14.8 $

• 1.3%

15.0 $ 0.7% 14.9 $ Net Worth Ratio 9.0%

• 1.1%

9.1% 1.1% 9.0% Loan to Share Ratio 70.4%

• 2.2%

72.0%

• 1.0%

72.7% Total Number of Members 14,115 0.2% 14,088

• 0.6%

14,177

Financial Results

2016/2015 2015/2014 EARNINGS (in thousands) 2016 Growth 2015 Growth 2014 Operating Income 7,100.2 $ 8.1% 6,568.9 $ 5.1% 6,247.9 $ Provision for Loan Losses 146.6

• 57.2%

342.2 255.7% 96.2 Operating Expenses 5,866.2 3.9% 5,645.2 2.1% 5,530.4 Dividend Expense 176.3 9.4% 161.1

• 0.7%

162.3 Net Income from Operations 911.1 116.7% 420.4

• 8.4%

459.0 Non-Operating Gains/(Losses) 60.4 57.7% 38.3

• Net Income

971.5 111.7% 458.8 0.0% 459.0

Nominating Committee Report

• Nominating Committee Chair
• Election of Board of Directors

Other Business

• Old Business
• New Business

• Chairman’s Closing Comments

Closing Remarks

• Eligibility
• Member in Good Standing
• Must attend meeting via Open meeting
• Board, volunteers and staff are not eligible
• Money will be transferred into winners’ account today

3rd Prize $ 50 2nd Prize $100 1st Prize $150

Prizes

Thank You & Have a Great Day

creditunion.coca-cola.com

Statement of Income

for the years ended December 31, 2016 & 2015

2016 2015 Change % Income Interest Income $ 5,425,357 $ 5,076,104 $ 349,253 6.9 % Other Income 1,674,812 1,492,845 181,967 12.2 % Total Income 7,100,169 6,568,949 531,220 8.1 % Expenses Salaries & Benefits 3,362,895 3,270,812 92,083 2.8 % Office Operations 2,401,047 2,316,316 84,731 3.7 % Provision for Loan Losses 146,617 342,209 (195,592) (57.2)% Other 96,124 52,069 44,055 84.6 % Total Operating Expenses 6,006,683 5,981,406 25,277 0.4 % Income Before Dividends & Interest 1,093,486 587,543 505,943 86.1 % Dividends & Interest Expense 182,376 167,122 15,254 9.1 % Net Income from Operations 911,110 420,421 490,689 116.7 % Non-operating Gains/(Losses) 60,387 38,335 22,052 Contribution to Capital Reserves $ 971,497 $ 458,756 $ 512,741 (111.8)%

Statement of Financial Condition

as of December 31, 2016 & 2015

2016 2015 Change % Assets Cash and Cash Equivalents $ 12,538,171 $ 20,052,201 $ (7,514,030) (37.5)% Loans to Members 115,920,210 110,303,151 5,617,059 5.1 % Less: Allowance for Loan Losses (800,584) (957,397) 156,813 (16.4)% Net Loans 115,119,626 109,345,754 5,773,872 5.3 % Government Securities and Certificates of Deposit 51,425,822 37,732,410 13,693,412 36.3 % Other Investments 5,135 1,121 4,014 358.1 % Less: Allowance for Investment Losses

• Total Investments

51,430,957 37,733,531 13,697,426 36.3 % Other Assets 2,953,878 2,527,390 426,488 16.9 % Total Assets $ 182,042,632 $ 169,658,876 $ 12,383,756 7.3 % Liabilities & Equity Liabilities Share Accounts and Certificates $ 91,767,724 $ 82,707,502 $ 9,060,222 11.0 % Checking Accounts 46,971,001 44,924,323 2,046,678 4.6 % Money Market Accounts 22,446,023 21,885,754 560,269 2.6 % IRA Accounts 2,958,880 2,870,451 88,429 3.1 % Total Shares 164,143,628 152,388,030 11,755,598 7.7 % Accounts Payable and Other Liabilities 3,107,080 2,223,802 883,278 39.7 % Total Liabilities 167,250,708 154,611,832 12,638,876 8.2 % Equity Regular Reserves 2,074,762 2,074,762

• 0.0 %

Undivided Earnings 14,257,277 13,285,780 971,497 7.3 % Unrealized Gains (Losses) on Available for Sale Securities (1,540,115) (313,498) (1,226,617) 391.3 % Total Equity 14,791,924 15,047,044 (255,120) (1.7)% Total Liabilities & Equity $ 182,042,632 $ 169,658,876 $ 12,383,756 7.3 %

$157.5 $163.1 $165.5 $169.7 $182.0 $13.6 $14.5 $14.9 $15.0 $14.8 $- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 $200.0

2012 2013 2014 2015 2016 (in Millions)

Year

Assets Equity

Assets vs Capital

Loan Growth

$29.5 $30.7 $32.9 $29.9 $34.0 $60.4 $59.2 $64.4 $68.8 $70.0 $7.3 $7.2 $6.8 $6.3 $5.7 $3.3 $2.5 $2.6 $5.3 $6.2 $- $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0

2012 2013 2014 2015 2016

Loans (in Millions)

Year

Auto Loans Real Estate Credit Cards Other

$110.3 $100.5 $99.6 $106.7 $115.9

Share Growth

$- $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 2012 2013 2014 2015 2016 $76.9 $80.6 $82.5 $82.1 $91.2 $31.7 $34.7 $38.0 $44.9 $47.0 $29.5 $27.6 $23.2 $21.9 $22.4 $3.4 $3.3 $3.0 $2.9 $3.0

Shares (in Millions)

Year

Savings Checking Money Market Share Certificates IRA's

$164. $141.7 $146.4 $147.1 $152.4

Allowance for Loan Loss

Secured $123.0 15% Unsecured $98.1 12% Credit Cards $134.3 17% Real Estate $450.5 56%

Secured Unsecured Credit Cards Real Estate

Executive Management Team

Finance Team

Lending Team

Marketing Team

Sales and Service Team

IT Team