February 21, 2008

The meeting was called to order by Vice President Audwin Gallion who welcomed all 28 guests present. Debby Cowden then read last year's minutes. No changes were made and they were accepted unanimously when Audwin Gallion made the motion which was 2nd by Bill Harkins.

Gallion then gave a brief overview report of the Director's activities this year: Newsletter with pictures, Marketing budget, Receiving our low income designation, and a complete review of all policies. Personnel changes and the Fact Act have both been challenges this year, too. Gallion then introduced all board members: Chris Petree, Debby Cowden, Ray North, Richy DeGraffenreid, Susan Frank and Tony Jones.

The Treasurer's report was presented by Chris Petree. She noted that the low income designation should get us some grants for equipment and software to continue to head for checkless checking accounts.

Malissa Heredia gave the Credit Officers' report. Besides the normal review of total loans for the year and other statistics, Malissa noted things of interest she learned at loan schools that constitute a person’s credit rating and things to do to help your score. She introduced all loan officers: Arthur Rodriguez, Jackie Hicks, Malissa Heredia, and Chris Petree.

Chris Petree then read a memo from the Supervisory Clerk concerning OFAC compliance and the many audits and quarterly reviews, besides the annual audit, in order to fully comply with all government regulations. The committee members, David Williams, Peggy Cunningham, Teresa Clark, and clerk, Charlotte Lee, were introduced.

Audwin Gallion represented the Nominating Committee made up of himself, Debby Cowden and Tony Jones. The committee recommended, Chris Petree and Richy DeGraffenreid be returned to their positions, and that Joe McCarty fill the vacancy left by Ray North. There were no nominations from the floor. Audwin Gallion made the motion and Florence Jeffery 2nd it that we accept the committee's recommendations by acclamation. Unanimously carried.

In closing, Gallion thanked all the volunteers and employees for a job well done, and for the continued support of the membership. Lilly Pinon drew tickets for door prizes as follows: $25 Rito Zuniga and Debby Cowden; $50 Janis Harkins and Malissa Heredia; $100 Bill Harkins.

Gallion had no jokes and dismissed us at 7:45 to refreshments and reminiscing.

Respectfully submitted,