Cooperative Center Federal Credit Union

Cooperative Center Federal Credit Union 2016 Annual Meeting of the Members Ed Roberts Campus | November 19, 2016 Board of Directors Present: Shyaam Shabaka, Mike Leung, Jesse Palmer, Jess McCarter, Celeste McAllister and Sushil Jacob Credit Union Management Present: Fadhila Holman, Mark Suacillo, Rebecca Gilbert, Manuel Ramirez, Linda Meza, Orlando Summerville and Debbie Crowson Supervisory Committee Present: Reginald Hairston, Christina Oatfield and Tom White I. Call to Order The 74th Annual Meeting of the Members was called to order by Chair Shabaka at 6:15 p.m. The voting was closed at this time. II. Minutes The Annual Meeting of Members minutes dated November 19, 2015, 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; he specifically thanked CEO Holman for her dedication to the credit union. Chair Shabaka summarized highlights from the year and referred members to his written message in the Annual Report. Chair Shabaka thanked the exiting Supervisory Committee members, Patricia Pitre, Stephanie Hunter and Mark Smith, for their service to the credit union. b. Treasurer's Report Director/Treasurer Mike Leung stated the Treasurer's Report was printed in the Annual Report. He encouraged questions and said he would respond to specific member questions, as needed, after the meeting. c. Supervisory Committee Report Supervisory Committee Chair Reginald Hairston thanked members for attending. He asked that they take time to review the Supervisory Committee report in the Annual Report. He highlighted some of the committee's roles, responsibilities and accomplishments. He provided members with information about how to reach the Supervisory Committee with questions or concerns. Mr. Hairston introduced other committee members before concluding his report. d. Nominating Committee Report: Committee Chair, Willie Phillips Nominating Committee Chair Willie Phillips thanked 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 the Board members play. Mr. Phillips then read the Nominating Committee Report, including the list of the four (4) 2016 Board of Directors nominees as follows: Incumbents Mike Leung and Jesse Palmer and George Pearson and Mark Smith. 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 credit union events and other educational workshops throughout the year. Mr. Shabaka stated this committee is also seeking volunteers. IV. Teller of Elections and Election Results: Sherry Smith from The League of Women Voters delivered the official Teller of Elections report as follows: • One (1) petitioning candidate submitted names and signatures of Cooperative Center FCU members supporting him. A minimum of 130 valid signatures were required for this election to place a petition candidate's name on the ballot. 2016 MEETING MINUTES 1

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