Annual Meeting

Peninsula Community Federal Credit Union
2021 Annual Meeting
5:00 p.m. Thursday, April 15, 2021
Virtual
Shelton, Washington

1. Call to Order
John Bolender, Board Chair

2. Annual Report
Jim Morrell, President/CEO

3. Elections
Sue Barnard, Secretary & Chair Nominating Committee

4. Adjourn
John Bolender, Board Chair

PENINSULA COMMUNITY FEDERAL CREDIT UNION
Annual Meeting Minutes

July 21, 2020

The Annual Meeting for 2020 was held on Tuesday, July 21, 2020 at the Shelton Branch Office.

The 84th Annual Meeting was called to order by Chair, John Bolender at 5:40 p.m. who welcomed those present.

Jim Morrell welcomed everyone to the unique annual meeting in the face of COVID-19 everyone wearing masks and socially distanced throughout the room. Jim introduced volunteers and staff members and thanked everyone for attending.

Sue Barnard, Secretary ascertained that there was a quorum of members present.

The minutes from the 2019 Annual Meeting were available for everyone present to review.  A motion was made and seconded to approve the 2019 Annual Meeting minutes.

Steve Wright gave the Nominating Committee report stating that two members had been nominated to serve on the Board of Directors and there were no other nominations received or petitions challenging either of the nominated candidates. He then asked that a unanimous ballot be cast for those candidates for the Peninsula Community Federal Credit Union Board of Directors. A nomination to cast a unanimous ballot was made and seconded.  All present were in favor of this motion.

Elected was:

Position #1-Lisa Frazier-Three Year Term
Position #4-John Bolender-Three Year Term

John gave the Report of the Chairman noting that PCFCU ended the year on a positive financial note with long term financial plans creating a healthier and positive trajectory in the community.  John noted that we are available to all members in the community targeting populations that benefit from solid financial literacy support and that PCFCU plays a vibrant role in the community.  John thanked everyone for the success of the credit union and stated that the solid foundation built has helped in the COVID-19 era.  The fact Peninsula is being recognized in the community and the many stories of how PCFCU has helped build trust.  John referred to the President’s, Chairman’s and Supervisory Committee’s report in the Annual Report for 2019.  John entertained questions, there were none.

John Lester, Supervisory Committee Chair referred to the annual report.

Jim Morrell, CEO noted that 2019 was a successful year and with that PCFCU was in a better starting place going into 2020. Staff has been adaptable pivoting many times over the past several months to adapt to all the changes related to COVID.  Jim noted that it has been a different year, however, efficiencies have been created which will sustain us throughout the remainder of the year.  Jim thanked everyone present and entertained questions, there were none.

There being no further business, the meeting was adjourned at 5:51 p.m.