Cooperative Center Federal Credit Union

Mr. Phillips then read the Nominating Committee Report, including the list of the five (5) 2015 Board of Directors nominees as follows: Donald Golden, Reginald Hairston, Celeste McAllister, Jess McCarter and Shyaam Shabaka. e. Member Education Committee Report: Committee Chair, Shyaam Shabaka Mr. Shabaka said the main objective of this committee is to ensure our members are receiving the best products and services. Mr. Shabaka stated this committee also plays a major role in the planning of Member Appreciation Day and other educational workshops throughout the year. Mr. Shabaka stated this committee is also seeking volunteers. f. 2015 Recap: AVP of Marketing & Charter Group Relations, Debbie Crowson Ms. Crowson presented a slideshow and highlighted credit union member events and community involvement. Ms. Crowson specifically highlighted the Seven Cooperative Principles and how they come into play in everyday credit union operations. Ms. Crowson referred members to the Annual Report to see a selection of photos covering credit union events and community involvement. IV. Teller of Elections and Election Results: Sherry Smith, League of Woman Voters • Five candidates were on the ballot to fill three vacancies on the Board. • Cooperative Center FCU staff handled the notification of the candidates of the rules for participating in the election and the printing and mailing of the ballots to all Cooperative Center FCU members. • After balloting was concluded November 16, members of the League came to the Cooperative Center offices November 17 and opened the ballot boxes. A total of 320 valid ballots were received (32 additional were invalid, due to: 1) missing member information, making membership unverifiable; 2) voting by the non-primary member; 3) voting on a closed account; 4) voting on an account below par share value; 5) voting twice; 6) voter being too young (under age 18) to vote; and 7) over voting – voting for more than three candidates). Eligible voters were verified and the ballots tallied November 17. • In the verification and tallying process, League members separated each ballot from any identifying envelope. • League members read the membership information to a staff member, to ensure eligibility of those casting ballots. When the eligibility was confirmed, the I.D. information slip was cut from the ballot and placed in a stack, and the ballot was placed in a separate stack of eligible ballots. • Ballots were counted by League members and the tallies agreed upon by them. • At the Annual Meeting on November 19, a ballot box was brought by League members to permit voting by members from 5:00 until the meeting was called to order. A total of 23 valid ballots were cast, and the votes added to the tally. • Ballots and I.D. information slips are stored in separate envelopes in a vault at the Cooperative Center Federal Credit Union offices. • The following are the election results: Celeste McAllister 285 Shyaam Shabaka 234 Jess McCarter 175 Donald Golden 158 Reginald Hairston 90 Ms. McAllister, Mr. Shabaka and Mr. McCarter were elected to fill the three Board seats. CEO Holman announced that time is allocated after the meeting adjourns to meet and greet Board members, members of management and all of the credit union team attending the meeting. She reminded the membership to pick up the Annual Report, if they didn't get one, and credit union gift on their way out. She thanked everyone for attending. V. The Annual Meeting was adjourned by Board Chair, Shyaam Shabaka. 2

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