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Classified - Confidential YOU TOLD US. WE DELIVERED. ANNUAL MEMBER MEETING 2019
Classified - Confidential
YOU TOLD US. WE DELIVERED.ANNUAL MEMBER
MEETING 2019
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HOUSEKEEPING
• Teleconference (Voice Services)
• Dial-in number: (877) 906-9811 or (404) 381-8527
• Participant Passcode: 9812137564#
• Annual Meeting Minutes
• Please review at: creditunion.coca-cola.com
Resources/Annual Meeting/2018 Annual Report
• Prize Drawing
• Must be logged in to Open Meeting
• Must be a current member in good standing
• Questions
• Please submit questions via Open Meeting chat panel.
Questions will be answered during the ‘Other Business’
segment.
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CHAIRMAN’S INTRODUCTION
• Welcome
• Call to Order
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• Introduction of the Board
• Approval of Annual Meeting Minutes
• Supervisory Committee Report
• Chairman’s Report
• President’s Report
• Nominating Committee Report
• Other Business
• Q & A
• Closing Remarks/Adjourn Meeting
• Prize Drawing
AGENDA
Ivor Longo
Margaret Sherrod
Billy Kane
Ivor Longo
Rob Hatefi
Karen Brey
Ivor Longo
Ivor Longo
Ivor Longo
Ivor Longo
Margaret Sherrod
Billy Kane
Ivor Longo
Rob Hatefi
Liv Johnson
Ivor Longo
Ivor Longo
Ivor Longo
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BOARD OF
DIRECTORS
Ivor Longo
Karen Brey
Nick Nichols
Margaret Sherrod
Anita DeMyers
Robin Moore
Chris Nolan
Billy Kane
Mike Gregorio
Livingstone Johnson
Michael La Kier
Shilvi Leinwand
Jim Eckart
Chairman
Vice Chairman
Chief Financial Officer
Chief Recording Officer
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
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IVOR LONGOBoard Chairman
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KAREN BREYVice Chairman
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NICK NICHOLSChief Financial Officer
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MARGARET SHERRODChief Recording Officer
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ANITA DEMYERSBoard Member
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ROBIN MOOREBoard Member
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CHRIS NOLANBoard Member
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BILLY KANEBoard Member
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MIKE GREGORIOBoard Member
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LIVINGSTONE JOHNSONBoard Member
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MICHAEL LA KIERBoard Member
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SHILVI LEINWANDBoard Member
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JIM ECKARTBoard Member
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BOARD COMMITTEES
• Finance Committee
• Supervisory Committee
• Executive Committee
• Marketing Committee
• Loan Review Committee
• Technology/Security Committee
• Advisory Council Committee
• Personnel Committee
• Contract Review Committee
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Coca-Cola Credit Union Staff
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Executive Team
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Finance Team
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Lending Team
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Training Team
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CU Wealth Management Team
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Financial Solutions Center Team
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Marketing Team
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Information Technology Team
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ANNUAL MEETING MINUTES
• Approval of Annual Meeting Minutes
• Chief Recording Officer, Margaret Sherrod
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ANNUAL
MEETING MINUTES
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SUPERVISORY COMMITTEE REPORT
• Supervisory Committee Chairman
Billy Kane
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CHAIRMAN’S
REPORT
• Board Chairman
Ivor Longo
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CHAIRMAN’S MESSAGE
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PRESIDENT’S REPORTStatement of Condition
EARNINGS RATIOS 2018 2017 2016
Yield on average Loans 4.5% 4.5% 4.2%
Yield on Investments 1.7% 1.6% 1.3%
Gross Income/Average Assets 4.4% 4.2% 4.0%
Cost of Funds 0.2% 0.1% 0.1%
Net Interest Margin 3.3% 3.3% 3.0%
Operating Expense Ratio 3.1% 3.4% 3.3%
Return on Average Assets 0.9% 0.5% 0.6%
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FINANCIAL RATIOS
2018
2018/2017
Growth 2017
2017/2016
Growth 2016
Total Loans 129.7$ 3.8% 124.9$ 8.1% 115.5$
Total Investments 62.6$ 4.9% 59.7$ -7.3% 64.4$
Total Assets 199.6$ 5.7% 188.9$ 3.8% 182.0$
Total Shares 167.8$ -1.5% 170.4$ 3.8% 164.1$
Total Equity 17.4$ 6.7% 16.3$ 10.1% 14.8$
Net Worth Ratio 9.5% 3.3% 9.2% 2.2% 9.0%
Loan to Share Ratio 77.3% 5.5% 73.3% 4.1% 70.4%
Total Number of Members 15,049 4.1% 14,453 2.4% 14,115
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FINANCIAL RESULTS
2018/2017 2017/2016
EARNINGS (in thousands) 2018 Growth 2017 Growth 2016
Operating Income 8,464.3$ 7.6% 7,865.8$ 10.8% 7,100.2$
Provision for Loan Losses 324.1 -4.7% 340.0 131.9% 146.6
Operating Expenses 6,077.7 -4.8% 6,384.2 8.8% 5,866.2
Dividend Expense 357.0 93.4% 184.6 4.7% 176.3
Net Income from Operations 1,705.4 78.2% 957.0 5.0% 911.1
Non-Operating Gains/(Losses) - -100.0% 1.7 -97.2% 60.4
Net Income 1,705.4 77.9% 958.7 -1.3% 971.5
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NOMINATING COMMITTEE REPORT
• Nominating Committee Chairman
• Election of Board of Directors
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OTHER
BUSINESS
• Old Business
• New Business
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CLOSING REMARKS
• Chairman’s Closing Comments
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PRIZES
Eligibility:
• Member in Good Standing
• Must attend meeting via Open Meeting
• Board members, staff and volunteers are
not eligible
Money will be transferred into the winner’s
account today:
• 5th prize $100.00
• 4th prize $200.00
• 3rd prize $300.00
• 2nd prize $400.00
• 1st prize $500.00
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THANK YOU &
HAVE A GREAT DAY!
