Cooperative Center Federal Credit Union

Cooperative Center Federal Credit Union 2015 Annual Meeting of the Members Ed Roberts Campus | November 19, 2015 Board of Directors Present: Shyaam Shabaka, Mike Leung, Jesse Palmer, Laura Herrera, Celeste McAllister and Sushil Jacob Credit Union Management Present: Fadhila Holman, Mark Suacillo, Rebecca Gilbert and Debbie Crowson Supervisory Committee Present: Patricia Pitre, Stephanie Hunter and Mark Smith I. Call to Order The 73rd Annual Meeting of the Members was called to order by Chair Shabaka at 6:15 p.m. A quorum was present. II. Minutes Minutes of the 2015 Annual Meeting held November 20, 2014, were approved with any necessary corrections by consensus. III. Annual Meeting Reports a. Board Chairman's Report: Shyaam Shabaka Chair Shabaka took a moment to acknowledge the credit union staff and fellow Board members. Chair Shabaka reviewed some key points from his Board Chair Report and encouraged members to read the entire Annual Report. Chair Shabaka assured the membership that the credit union is financially safe and secure. b. Treasurer's Report: VP of Operations and Accounting, Rebecca Gilbert, delivered the report on behalf of Board Treasurer, Laura Herrera Ms. Gilbert referenced the report provided in the Annual Report and summarized an overview of 2014 year-end financials and the September 30, 2015, year-to-date financial reports and trends. Ms. Gilbert encouraged members to look to their credit union first for their borrowing needs as we are working hard to make credit available to all of our members. c. Supervisory Committee Report: Committee Chair, Patricia Pitre Ms. Pitre thanked everyone for attending our Annual Meeting and then asked fellow committee member Mark Smith to speak briefly about 2015 committee accomplishments. Mr. Smith stated the committee's focus has been on training, which included completing the required Bank Secrecy Act annual training. Ms. Pitre stated members can reach out to the Supervisory Committee for assistance on unresolved issues at the credit union and she also mentioned that the committee is always looking for volunteers. d. Nominating Committee Report: Committee Chair, Willie Phillips Mr. Phillips thanked our members for voting in this year's election. He spoke about the credit union's history and relevance in the community. He thanked all the members for attending the meeting and restated how very important it is for all members to be involved in the selection of Board leadership of their credit union and acknowledged the very crucial role Board members play. 2015 MEETING MINUTES 1

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