ANNUAL MEMBER MEETING 2018 YOU TOLD US. WE DELIVERED.
ANNUAL MEMBER MEETING 2018
YOU TOLD US. WE DELIVERED.
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HOUSEKEEPING
• Teleconference (Voice Services)
• Dial-in number: (877) 906-9811
• Participant Passcode: 9812138564
• Annual Meeting Minutes
• Please review before meeting at:
creditunion.coca-cola.com
Resources/Annual Meeting/2017 Annual Reports
• Prize Drawing
• Must be logged into online Open Meeting
• Member in good standing
• Questions
• Please submit questions via Open Meeting chat panel. Questions will be
answered during the ‘Other Business’ segment.
CHAIRMAN’S INTRODUCTION
• Welcome
• Call to Order
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• Introduction of the Board
• Approval of Annual Meeting Minutes
• Supervisory Committee Report
• Chairman’s Report
• President’s Report
• Nominating Committee Report
• Other Business
• Q & A
• Closing Remarks/Adjourn Meeting
• Prize Drawing
AGENDA
Ivor Longo
Margaret Sherrod
Billy Kane
Ivor Longo
Rob Hatefi
Karen Brey
Ivor Longo
Ivor Longo
Ivor Longo
BOARD OF
DIRECTORS
Ivor Longo
Karen Brey
Nick Nichols
Margaret Sherrod
Anita DeMyers
Robin Moore
Chris Nolan
Billy Kane
Mike Gregorio
Livingstone Johnson
Michael La Kier
Shilvi Leinwand
Peter Pearson
Chairman
Vice Chairman
Chief Financial Officer
Chief Recording Officer
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
Board Member
IVOR LONGOBoard Chairman
KAREN BREYVice Chairman
NICK NICHOLSChief Financial Officer
MARGARET SHERRODChief Recording Officer
ANITA DEMYERSBoard Member
MIKE GREGORIOBoard Member
BILLY KANEBoard Member
ROBIN MOOREBoard Member
LIVINGSTONE JOHNSONBoard Member
MICHAEL LA KIERBoard Member
SHILVI LEINWANDBoard Member
CHRIS NOLANBoard Member
PETER PEARSONBoard Member
SALES &
SERVICE
TEAM
FINANCE
TEAM
MARKETING
TEAM
WEALTH
MANAGEMENT
TEAM
LENDING
TEAM
INFORMATION
TECHNOLOGY
TEAM
EXECUTIVE
MANAGEMENT
TEAM
COCA-COLA
CREDIT UNION
TEAM
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• Finance Committee
• Supervisory Committee
• Marketing Committee
• Executive Committee
• Loan Review Committee
• Technology/Security Committee
• Advisory Council Committee
• Personnel Committee
• Contract Review Committee
BOARD COMMITTEES
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• Approval of Annual Meeting Minutes
• Chief Recording Officer, Margaret Sherrod
ANNUAL MEETING MINUTES
ANNUAL MEETING MINUTES
SUPERVISORY COMMITTEE REPORT
• Supervisory Committee Chairman
Billy Kane
CHAIRMAN’S
REPORT
• Board Chairman
Ivor Longo
CHAIRMAN’S MESSAGE
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PRESIDENT’S REPORT
Statement of Condition
EARNINGS RATIOS 2017 2016 2015
Yield on average Loans 4.5% 4.2% 4.2%
Yield on Investments 1.6% 1.3% 1.0%
Gross Income/Average Assets 4.2% 4.0% 3.9%
Cost of Funds 0.1% 0.1% 0.1%
Net Interest Margin 3.3% 3.0% 2.9%
Operating Expense Ratio 3.4% 3.3% 3.4%
Return on Average Assets 0.5% 0.6% 0.3%
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FINANCIAL RATIOS
2017
2017/2016
Growth 2016
2016/2015
Growth 2015
Total Loans 124.9$ 8.1% 115.5$ 4.7% 110.3$
Total Investments 59.7$ -7.3% 64.4$ 10.8% 58.1$
Total Assets 188.9$ 3.8% 182.0$ 7.2% 169.7$
Total Shares 170.4$ 3.8% 164.1$ 7.7% 152.4$
Total Equity 16.3$ 10.1% 14.8$ -1.3% 15.0$
Net Worth Ratio 9.2% 2.2% 9.0% -1.1% 9.1%
Loan to Share Ratio 73.3% 4.1% 70.4% -2.2% 72.0%
Total Number of Members 14,453 2.4% 14,115 0.2% 14,088
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FINANCIAL RESULTS
2017/2016 2016/2015
EARNINGS (in thousands) 2017 Growth 2016 Growth 2015
Operating Income 7,865.8$ 10.8% 7,100.2$ 8.1% 6,568.9$
Provision for Loan Losses 340.0 131.9% 146.6 -57.2% 342.2
Operating Expenses 6,384.2 8.8% 5,866.2 3.9% 5,645.2
Dividend Expense 184.6 4.7% 176.3 9.4% 161.1
Net Income from Operations 957.0 5.0% 911.1 116.7% 420.4
Non-Operating Gains/(Losses) 1.7 -97.2% 60.4 57.7% 38.3
Net Income 958.7 -1.3% 971.5 111.7% 458.8
NOMINATING COMMITTEE REPORT
• Nominating Committee Chair
• Election of Board of Directors
OTHER BUSINESS
• Old Business
• New Business
CLOSING
REMARKS• Chairman’s Closing Comments
PRIZES
Eligibility:
• Member in Good Standing
• Must attend meeting via Open Meeting or phone
• Board members, staff and volunteers are not
eligible
Gift cards will be awarded as follows:
• 5th prize $100.00
• 4th prize $200.00
• 3rd prize $300.00
• 2nd prize $400.00
• 1st prize $500.00
THANK YOU &
HAVE A GREAT DAY!• CREDITUNION.COCA-COLA.COM