Welcome! Please review your Annual Meeting Packet and help yourself - - PowerPoint PPT Presentation

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Welcome! Please review your Annual Meeting Packet and help yourself - - PowerPoint PPT Presentation

Oct 07, 2023 160 likes •1.09k views

Welcome! Please review your Annual Meeting Packet and help yourself to refreshments. The meeting will convene at 3:05. 2017 Annual Membership Meeting Agenda Call to Order ___________________________________ 3:05 Minutes

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SLIDE 1

2017 Annual Membership Meeting

Welcome!

Please review your Annual Meeting Packet and help yourself to refreshments. The meeting will convene at 3:05.

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SLIDE 2

Agenda

  • Call to Order ___________________________________
  • Minutes ________________________________________
  • Governance Reports (Printed) ______________________
  • 2016 Community Impact Report _____________________
  • 2016 Treasurer’s Report ___________________________
  • Elections _______________________________________
  • Unfinished Business _______________________________
  • New Business: Core Services, New Branch, Biz Opportunity, Our Future ______
  • New Business, cont’d: Presentation from Green Light NY __
  • New Business, cont’d: Q&A _________________________
  • Election Results __________________________________
  • Meeting Evaluation _______________________________
  • Adjournment & Dinner _____________________________

3/26/2017 2 Cooperative Federal Annual Meeting

3:05 3:08 3:10 3:10 3:20 3:50 4:00 4:00 4:30 4:35 4:55 4:55 5:00

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SLIDE 3
  • Board of Directors’ Report
  • Supervisory Committee Report
  • Credit Committee Report

Governance Reports

(Printed Reports)

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SLIDE 4

Christina Sauve, Assistant Treasurer/COO

Community Impacts

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SLIDE 5

Loan Impact Summary

3/26/2017 Cooperative Federal Annual Meeting 5 New loans opened in 2016 (approved loan amount and LOC limits) Homeownership $2.9 M Personal $1.9 M Small Business $1.2 M Loan funds disbursed in 2016 (LOC draws and term loan disbursements) Homeownership $3.0 M Personal $4.1 M Small Business $1.7 M Aggregate loan and LOC balances at 12/31/16 Homeownership $13.3M Personal $3.6 M Small Business $3.9 M Loans Outstanding $20.7 M Loans Granted $8.8 M Loans Opened $6.0 M

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SLIDE 6

3/26/2017 Cooperative Federal Annual Meeting 6

Home Ownership

 Strengthening neighborhoods. Building family assets.

Cynthia Lee got personal attention and hands-on support from Coop Fed’s First Home Club.

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SLIDE 7

Home Ownership

  • 2016 Home Lending – Owner Occupied
  • Purchase, refinance, improvement and repair
  • Home Equity Lines of Credit
  • ROC Manufactured Homes

3/26/2017 Cooperative Federal Annual Meeting 7

Home Loans Originated: 43 $2.9 million

Loans Opened 2016 ($)

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SLIDE 8

Home Ownership

  • 2016 Home Lending
  • Total Originated: 43, $2.9 million

3/26/2017 Cooperative Federal Annual Meeting 8

Purchase Loans: 30 $1.9 M

(incl. 8 ROC homes)

Loans Opened 2016 ($)

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SLIDE 9

Home Ownership

  • 2016 Home Lending
  • Total Originated: 43, $2.9 million

– Purchase Loans: 30, $1.9 M

3/26/2017 Cooperative Federal Annual Meeting 9

52% to First Time Homebuyers ($)

Loans Opened 2016 ($)

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SLIDE 10

Home Ownership

  • 2016 Home Lending
  • Total Originated: 43, $2.9 million

3/26/2017 Cooperative Federal Annual Meeting 10

Foreclosure Rescue: 4, $151 K

(16% of non-purchase mortgages)

Loans Opened 2016 ($)

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SLIDE 11

Home Ownership

  • 2016 Home Lending
  • Total Originated: 43, $2.9 million

– Purchase Loans: 30, $1.9 M

  • 52% to First Time Homebuyers ($$)

– Foreclosure Rescue Loans: 4, $151 K

  • 16% of non-purchase mortgages ($$)
  • Home Equity LOC Disbursements: $227 K

3/26/2017 Cooperative Federal Annual Meeting 11

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SLIDE 12
  • Financial Counseling
  • HUD-approved housing and financial counseling
  • Credit advising
  • Open to members and nonmembers
  • 87 households served in 2016

3/26/2017 Cooperative Federal Annual Meeting 12

Home Ownership

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SLIDE 13
  • Homebuyer Matched Savings
  • Open to low and moderate-income first time buyers
  • Participants get at least $7,500 in matching grants
  • 14 members received $123,000 in downpayment

assistance matching grants in 2016

  • 20 members enrolled as of 12/31/16, with

$26,500+ in savings

3/26/2017 Cooperative Federal Annual Meeting 13

Home Ownership

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SLIDE 14

3/26/2017 Cooperative Federal Annual Meeting 14

Personal Finance

 Affordable credit. Gateway to asset-building.

Rámon boosted his credit score and refinanced his car loan with Coop Fed – saving him $1,000 per year.

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SLIDE 15

Personal Finance

  • 2016 Consumer Lending
  • New/used auto, debt consolidation, credit builder, credit

cards, lines of credit, and other personal uses

3/26/2017 Cooperative Federal Annual Meeting 15

Personal Loans Originated: 425 $1.9 million

Loans Opened 2016 ($)

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SLIDE 16

Personal Finance

  • 2016 Consumer Lending
  • Personal Loans Originated: 425, $1.9 million

3/26/2017 Cooperative Federal Annual Meeting 16

Alternative to Predatory: 200 $780 K

Loans Opened 2016 ($)

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SLIDE 17

Personal Finance

  • 2016 Consumer Lending
  • Personal Loans Originated: 425, $1.9 million

– Alternative to Predatory Loans: 200, $780 K

  • Line of Credit & Credit Card Disbursements:

$2.3 million

3/26/2017 Cooperative Federal Annual Meeting 17

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SLIDE 18
  • Financial Capability
  • Workshops and courses on banking, credit, money

management, homeownership, car buying and more

  • English, ESL, and other languages with volunteer

translators

  • 452 adult and youth participants in 2016

3/26/2017 Cooperative Federal Annual Meeting 18

Personal Finance

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SLIDE 19

3/26/2017 Cooperative Federal Annual Meeting 19

Small Business

 Building an independent, local economy.

Coop Fed and Up Start helped Antonisha get working capital to grow her her business, AFICA, to the next level.

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SLIDE 20

Small Business

  • 2016 Small Business Lending
  • Microloans, working capital, equipment, commercial real

estate and responsible, local landlords

  • Businesses, non-profits, & co-ops

3/26/2017 Cooperative Federal Annual Meeting 20

Business Loans Originated: 38 $1.2 M

Loans Opened 2016 ($)

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SLIDE 21

Small Business

  • 2016 Small Business Lending
  • Business Loans Originated: 38, $1.2 M

3/26/2017 Cooperative Federal Annual Meeting 21

43% owned or controlled by women

  • r people of color

(63% of loan #)

Loans Opened 2016 ($)

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SLIDE 22

Small Business

3/26/2017 Cooperative Federal Annual Meeting 22

  • 2016 Small Business Lending
  • Business Loans Originated: 38, $1.2 M

– Average non-RE loan size: $14,300

– 65 local jobs supported

  • Revolving Credit Disbursements: $634 K
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SLIDE 23

Small Business

  • Education & Advising
  • Individual assistance with credit building, business

financing, and business plan feedback

  • Classes with community partners
  • Referrals to partners for courses, mentorship
  • pportunities, and intensive business planning

assistance

  • 39 participants in 2016

3/26/2017 Cooperative Federal Annual Meeting 23

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SLIDE 24

3/13/2016 Cooperative Federal Annual Meeting 24

In School Savings Branches

 Hands-on learning in under-served communities.

Coop Fed brought Biz Kid$ lessons and activities to hundreds

  • f children in 2016.
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SLIDE 25

In-School Savings Branches

  • 2016 Initiatives:
  • School-based branches at Fowler, Nottingham

and Henninger High Schools

3/26/2017 Cooperative Federal Annual Meeting 25

  • Student Saving Days at Ed Smith K-8
  • Treehouse Saver accounts for any

member

  • 219 active Youth Credit Union

members as of 12/31/16

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SLIDE 26

Christina Sauve, Assistant Treasurer /COO

Questions?

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SLIDE 27

Ron Ehrenreich, Treasurer/CEO

Treasurer’s Report

*Please see the Welcome table for copies of our Summary Financial Statement, Ratio Analysis and FPR Guide

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SLIDE 28

Key Financial Ratios

  • Earnings
  • Capital Adequacy
  • Asset Quality
  • About Peer Ratios
  • Average for CUs with $10 - $50 million in assets
  • Less than 4% of all CUs are certified Community

Development Financial Institutions (CDFIs)

3/26/2017 Cooperative Federal Annual Meeting 28

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SLIDE 29

Key Ratio 1: Earnings

3/26/2017 Cooperative Federal Annual Meeting 29 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.5 12/12 12/13 12/14 12/15 12/16

Return On Average Assets (%)

Net Income / Average Assets (annualized) Peer

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SLIDE 30

Earnings

  • Positive net earnings for 5 years in a row
  • Recovery from crash-related losses in 2009-2011

– Bailout – Interest rates crashed too

  • Resuming record of positive earnings 1982-2008

3/26/2017 Cooperative Federal Annual Meeting 30

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SLIDE 31

Adjusting to the “new normal”

3/26/2017 Cooperative Federal Annual Meeting 31 1 2 3 4 5 6 7 8 9 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Yield on Average Loans (%)

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SLIDE 32

Earnings

  • Loan income increasing: more loans
  • Expanding business lending

– Business Loan Connection & NY CDFI Loans – Special Loan Funds

  • New auto loan programs

– Referral to Enterprise & “Nettie” – Flex Auto Loans

  • Better mortgage offering

– All CoopFed mortgages now serviced in-house – Owner’s Choice for Fannie, Freddie, FHA, VA, USDA

  • Interest rates were stable in 2016

3/26/2017 Cooperative Federal Annual Meeting 32

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SLIDE 33
  • Stable Operating Expenses
  • Some exceptional expenses
  • Sales of OREOs

– From foreclosures, deed in lieu, death of members

  • Years of unpaid taxes, deferred maintenance, vandalism

– $12,482 net loss from sales in 2016

  • “Foreclosure rescue” mortgages (for new members)

– Mostly tax delinquency referrals from the city

  • Mortgage servicing switchover brought expense, and

income, and eventually will bring savings

3/26/2017 Cooperative Federal Annual Meeting 33

Expenses

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SLIDE 34

2 4 6 8 10 12 14 12/12 12/13 12/14 12/15 12/16

Net Worth To Assets (%)

Net Worth / Assets Peer

Key Ratio 2: Capital Adequacy

3/26/2017 Cooperative Federal Annual Meeting 34

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SLIDE 35

Capital Adequacy

  • “Adequately Capitalized” at 6.93%
  • Slight dip from 12/2015
  • Achieving planned loan growth
  • New Secondary Capital received January 2017
  • Back to “Well Capitalized” (>7%) by 1/31/17

3/26/2017 Cooperative Federal Annual Meeting 35

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SLIDE 36

Key Ratio 3: Asset Quality

3/26/2017 Cooperative Federal Annual Meeting 36 2 4 6 8 10 12 12/12 12/13 12/14 12/15 12/16

(a) Delinquency (%)

Delinquent loans / loans Peer Delinquency

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SLIDE 37

Key Ratio 3: Asset Quality

3/26/2017 Cooperative Federal Annual Meeting 37 2 4 6 8 10 12 12/12 12/13 12/14 12/15 12/16

(b) Net Charge-Offs (%)

Net Charge-offs / Averge Assets Peer Net Charge-offs

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SLIDE 38

Asset Quality

  • Some members are more vulnerable
  • Unemployment, slow job growth, stagnant wages
  • Generational poverty & lack of family assets
  • Hands-on approach to delinquency
  • History of successfully managing above peer DQ ratio
  • Added staff and oversight to better control DQ
  • Risk-Based Rates pay for active DQ management
  • Other CDFIs: 15% “minimum prudent standard”
  • Much of our delinquency is in a few larger mortgages
  • Potential losses mitigated by 1st liens on good collateral
  • Losses near or below peer for past 20+ years

3/26/2017 Cooperative Federal Annual Meeting 38

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SLIDE 39

From the Filene Institute:

  • “The lending experience of Community

Development Credit Unions (CDCUS)… indicates that delinquency rates run higher in CDCUS than in other credit unions, but the charge-off rates are consistent with overall credit union rates.”

– Albert E Burger & Mary Zellmer, in Strategic Opportunities in Serving Low to Moderate Income Members

3/26/2017 Cooperative Federal Annual Meeting 39

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SLIDE 40
  • CDFIs are also evaluated based on
  • Deployment of shares & assets in the form of loans

– Using our resources to improve communities – Local and socially responsible

  • Growth in members, loans, assets

– Meeting community needs – Achieving a sustainable scale

3/26/2017 Cooperative Federal Annual Meeting 40

Impact Ratios

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SLIDE 41

Growth

  • Where we are at 12/31/16:
  • $24.4 million in Assets
  • $20.7 million in Loans
  • $21.8 million in Shares & Deposits
  • 4,788 members

– Households, individuals, businesses and organizations

3/26/2017 Cooperative Federal Annual Meeting 41

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SLIDE 42

Growth

3/26/2017 Cooperative Federal Annual Meeting 42 1 2 3 4 5 6 7 8 9 10 12/12 12/13 12/14 12/15 12/16

Loan Growth (%)

Loan Growth Peer Loan

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SLIDE 43

Growth

3/26/2017 Cooperative Federal Annual Meeting 43

Coop Fed growth in 2016: 0.06%  Net Growth Peer Group growth in 2016: -0.66% (shrinking)

1000 2000 3000 4000 5000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Members (#)

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SLIDE 44

“Hidden” Growth in New Members

3/26/2017 Cooperative Federal Annual Meeting 44

  • Small net growth due to extensive

“Declassification” project

  • Purging members with closed accounts
  • Cost reduction measure
  • 522 new members in 2016
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SLIDE 45

Growth

3/26/2017 Cooperative Federal Annual Meeting 45

558 568 522 335 279 617

100 200 300 400 500 600 700 2014 2015 2016

Membership Changes (#)

New Members

  • Declass. Members
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SLIDE 46

'82 '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16

2 4 6 8 10 12 14 16 18 20 22 24

Millions

Growth of Assets

1982 to Present

3/26/2017 Cooperative Federal Annual Meeting 46

Growth

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SLIDE 47

Deployment

3/26/2017 Cooperative Federal Annual Meeting 47

  • Assets concentrated in loans to members – not

stock market investments, Euro funds, or gold

  • More than 100% of member shares are kept

working in the local economy

  • 12/31/16: 124% loans to member deposits
  • Average from 2013 - 2015: 112%
  • Mission-based nonmember deposits increase
  • ur lending capacity
  • Since 1982 we’ve made $133 million in loans to

members

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SLIDE 48

Deployment

3/26/2017 Cooperative Federal Annual Meeting 48 10 20 30 40 50 60 70 80 90 12/12 12/13 12/14 12/15 12/16

Loans To Assets (%)

Loans / Assets Peer

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SLIDE 49

Deployment

3/26/2017 Cooperative Federal Annual Meeting 49 $0 $10 $20

2013 Deposits 2013 Loans 2014 Deposits 2014 Loans 2015 Deposits 2015 Loans 2016 Deposits 2016 Loans Millions

Loans to Shares

Member Deposits Nonmember Deposits Loans

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SLIDE 50

Looking forward: 2017

3/26/2017 Cooperative Federal Annual Meeting 50

  • Move our Mission Forward
  • Better service, better technology
  • Opportunity lending

– Business Opportunity Lending (details later!) – Homes, Autos, and Cooperatives – Lending in support of economic development

  • Overcome poverty and segregation
  • Workforce development
  • Immigrants, Refugees, and New Americans
  • Financially Stronger
  • Increase net income & reserves
  • Maintain Secondary Capital
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SLIDE 51

Ron Ehrenreich, Treasurer/CEO

Questions?

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SLIDE 52

Elections

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SLIDE 53

Unfinished Business

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SLIDE 54

New Business

  • Enhancing Core Services
  • New Branch
  • Business Opportunity Lending
  • Our Future
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SLIDE 55

Part One Enhancing Core Services

Christina Sauve, Assistant Treasurer/COO

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SLIDE 56

Strategic Planning – Top Goals

3/26/2017 Cooperative Federal Annual Meeting 56

  • Create positive experiences for members and

staff by providing functional, reliable technology.

  • Improve service quality through effective staff

training.

  • Retain staff and live up to our values by

paying a living wage.

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SLIDE 57

IT Overhaul

3/26/2017 Cooperative Federal Annual Meeting 57

  • 1) Technology Committee: oversight and planning
  • Board, staff & volunteers
  • Convened Q4 2016
  • 2) Staffing Changes: coordination and results
  • Reallocating time from community programs
  • More back-up support
  • Implemented January 3, 2017
  • 3) Contractors: specialized technicians
  • Expertise on-demand
  • Service agreements renewed
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SLIDE 58

IT Overhaul

3/26/2017 Cooperative Federal Annual Meeting 58

  • 4) Financial Investment:

updated infrastructure

  • Server and work station upgrades –

in progress

  • High-speed fiber optic internet –

coming by April 30

  • Monitoring software – coming by

April 30

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SLIDE 59

Staff Training Plan

3/26/2017 Cooperative Federal Annual Meeting 59

  • New leadership
  • Reallocating staff time from community programs
  • Monthly all-staff trainings
  • Product knowledge
  • Bite-sized topics
  • Scheduled to coincide with marketing and outreach for year
  • Focus on Member Services Department
  • Developing standardized training “levels”
  • Revising program for new hires
  • Ongoing assessment and professional development

– Training Survey twice per year, starting Dec. 2016

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SLIDE 60

3/26/2017 Cooperative Federal Annual Meeting 60

Staff Retention

  • Living Wage Study completed in Q1 2016
  • Board Social Action Committee
  • Living with Dignity: “Base lifestyle where one does not live

in constant fear of the next illness, of small increases in the price of food, or about the dangers of eviction or foreclosure or repossession.“

  • Evaluated a basic Living Wage for Syracuse, NY
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SLIDE 61

3/26/2017 Cooperative Federal Annual Meeting 61

Staff Retention

  • Living Wage Study completed in Q1 2016
  • Board Social Action Committee
  • Living with Dignity: “Base lifestyle where one does not live

in constant fear of the next illness, of small increases in the price of food, or about the dangers of eviction or foreclosure or repossession.“

  • Evaluated a basic Living Wage for Syracuse, NY

$11.56/hr

without dependents with employer-provided health insurance

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SLIDE 62

3/26/2017 Cooperative Federal Annual Meeting 62

Staff Retention

  • Living Wage Budget completed in Q1 2017
  • Expense reduction strategies to offset higher pay
  • Living Wage = internal minimum wage by Year End
  • Corresponding wage scale with other overdue raises
  • Rolling out now based on seniority
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SLIDE 63

3/26/2017 Cooperative Federal Annual Meeting 63

Staff Retention

  • Other factors
  • Health insurance offered for all staff ≥ 20 hrs per week

– Coop Fed pays 50% of single premium for any employee

  • Disability and life insurance provided to all staff

– No cost to employee

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SLIDE 64

Part Two New Branch

Sam Eschenbrenner, Member Service Rep

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SLIDE 65

3/26/2017 Cooperative Federal Annual Meeting 65

Central Branch at SHA - Now Open!

516 Burt Street

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SLIDE 66

3/26/2017 Cooperative Federal Annual Meeting 66

Central Branch at SHA

Service where we’re needed

Outside of Downtown and the Hill, bank branches are lacking and car

  • wnership is low.

Map: SU Community Geography, 2013

No Car Ownership and Bank/CU Locations

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SLIDE 67

3/26/2017 Cooperative Federal Annual Meeting 67

Central Branch at SHA

Opportunity for high-impact growth

Lighter cluster of lending activity in surrounding neighborhood Relocation with SHA during I-81 renewal Loans Opened 2012-2016

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SLIDE 68

3/26/2017 Cooperative Federal Annual Meeting 68

Central Branch at SHA

Join us! Friday, April 28 at 2 pm 516 Burt Street

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SLIDE 69

Part Three Business Opportunity Lending

Ron Ehrenreich, Treasurer/CEO Carolyn Evans-Dean, Business Loan Officer & Advisor

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SLIDE 70

3/26/2017 Cooperative Federal Annual Meeting 70

Business Opportunity Lending

  • Mission: Invest in our local economy by funding

more small and micro businesses.

  • Continue and accelerate business loan growth
  • Serve an expanded Target Market
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SLIDE 71

3/26/2017 Cooperative Federal Annual Meeting 71

Loan Growth

$- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40

2013 2014 2015 2016 Millions

Business Loans Opened

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SLIDE 72

$- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40

2013 2014 2015 2016 Millions

Business Loans Opened

3/26/2017 Cooperative Federal Annual Meeting 72

Loan Growth

37% average annual growth

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SLIDE 73

3/26/2017 Cooperative Federal Annual Meeting 73

Target Market

  • Urban Cores and Main Streets
  • City of Syracuse
  • Under-served businesses in 5 surrounding counties

– Plus 6 more through collaboration with Alternatives FCU

  • Extending “opportunity lending”
  • No other CDFI business lenders located in our

expansion zone

  • Banks and mainstream credit unions don’t do what we

do

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SLIDE 74

3/26/2017 Cooperative Federal Annual Meeting 74

Business Opportunity Lending

Coop Fed 2014-2016 Other Loans

Business Loans

62% of business borrowers have Syracuse addresses

(prior years 85%)

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SLIDE 75

3/26/2017 Cooperative Federal Annual Meeting 75

Business Opportunity Lending

Coop Fed 2014-2016 Other Loans

Business Loans

Developing plans to focus outreach in metro areas as well as rural communities

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SLIDE 76

3/26/2017 Cooperative Federal Annual Meeting 76

Capital Access

  • Serving businesses that can’t

access bank loans

  • Start ups or limited experience
  • Low capital or credit
  • “Bank Deserts”
  • New Americans
  • Mitigating other patterns of

discrimination

  • Minority and/or woman-owned

businesses

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SLIDE 77

3/26/2017 Cooperative Federal Annual Meeting 77

Unique Approach

  • Cultivate loan readiness
  • Support and advice
  • “Safe” place to get started
  • Build relationships
  • Connect to other resources
  • Classes, advising, and incubators
  • Think outside the box
  • Counter-offers and “test” loans
  • Success measured by loan repayment
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SLIDE 78

3/26/2017 Cooperative Federal Annual Meeting 78

Responsive Tools

  • Online application portal
  • co-developed with Alternatives FCU
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SLIDE 79

3/26/2017 Cooperative Federal Annual Meeting 79

Open for Business

  • Capital available to lend – seeking more
  • Loan capital
  • Loss reserves
  • Secondary capital
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SLIDE 80

3/26/2017 Cooperative Federal Annual Meeting 80

Open for Business

Carolyn Ron Greg

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SLIDE 81

Part Four Our Future

Meagan Weatherby, Program Sustainability Coordinator

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SLIDE 82

3/26/2017 Cooperative Federal Annual Meeting 82

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SLIDE 83

3/26/2017 Cooperative Federal Annual Meeting 83

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SLIDE 84

3/26/2017 Cooperative Federal Annual Meeting 84

Some things never change

  • Standing up for justice
  • THEN: Divesting from

Apartheid regime; countering discrimination

  • NOW: Divesting from fossil

fuels & nukes; serving marginalized communities

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SLIDE 85

3/26/2017 Cooperative Federal Annual Meeting 85

Some things never change

  • Cooperation,

participation, mutual aid!

  • THEN: “Passing the hat,”

stuffing envelopes, tellering………

  • NOW: Speaking up,

reaching out

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SLIDE 86

3/26/2017 Cooperative Federal Annual Meeting 86

Let’s stand together

  • #BankExit
  • Don’t forget loans, mortgages,

credit cards

  • Be an Ambassador
  • Training and materials available
  • Staff and board members will

present on demand

  • Join a Committee
  • In-School Savings Program
  • 35th Anniversary Gala
  • Day-to-day and Beyond
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SLIDE 87

Q&A

slide-88
SLIDE 88

Green Light NY

Presentation from Workers’ Center of CNY

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SLIDE 89

Elections Results

slide-90
SLIDE 90

Meeting Evaluation

slide-91
SLIDE 91

Adjournment

Door Prizes, Turn in Common Cents Ballots…. and Join us for Dinner!