you told us. we delivered. · ivor longo rob hatefi karen brey ivor longo ivor longo ivor longo...

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YOU TOLD US. WE DELIVERED.ANNUAL MEMBER

MEETING 2019

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HOUSEKEEPING

• Teleconference (Voice Services)

• Dial-in number: (877) 906-9811 or (404) 381-8527

• Participant Passcode: 9812137564#

• Annual Meeting Minutes

• Please review at: creditunion.coca-cola.com

Resources/Annual Meeting/2018 Annual Report

• Prize Drawing

• Must be logged in to Open Meeting

• Must be a current member in good standing

• Questions

• Please submit questions via Open Meeting chat panel.

Questions will be answered during the ‘Other Business’

segment.

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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

Ivor Longo

Margaret Sherrod

Billy Kane

Ivor Longo

Rob Hatefi

Liv Johnson

Ivor Longo

Ivor Longo

Ivor Longo

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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

Jim Eckart

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

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IVOR LONGOBoard Chairman

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KAREN BREYVice Chairman

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NICK NICHOLSChief Financial Officer

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MARGARET SHERRODChief Recording Officer

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ANITA DEMYERSBoard Member

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ROBIN MOOREBoard Member

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CHRIS NOLANBoard Member

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BILLY KANEBoard Member

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MIKE GREGORIOBoard Member

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LIVINGSTONE JOHNSONBoard Member

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MICHAEL LA KIERBoard Member

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SHILVI LEINWANDBoard Member

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JIM ECKARTBoard Member

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BOARD COMMITTEES

• Finance Committee

• Supervisory Committee

• Executive Committee

• Marketing Committee

• Loan Review Committee

• Technology/Security Committee

• Advisory Council Committee

• Personnel Committee

• Contract Review Committee

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Coca-Cola Credit Union Staff

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Executive Team

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Finance Team

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Lending Team

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Training Team

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CU Wealth Management Team

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Financial Solutions Center Team

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Marketing Team

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Information Technology Team

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ANNUAL MEETING MINUTES

• Approval of Annual Meeting Minutes

• Chief Recording Officer, Margaret Sherrod

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ANNUAL

MEETING MINUTES

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SUPERVISORY COMMITTEE REPORT

• Supervisory Committee Chairman

Billy Kane

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CHAIRMAN’S

REPORT

• Board Chairman

Ivor Longo

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CHAIRMAN’S MESSAGE

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PRESIDENT’S REPORTStatement of Condition

EARNINGS RATIOS 2018 2017 2016

Yield on average Loans 4.5% 4.5% 4.2%

Yield on Investments 1.7% 1.6% 1.3%

Gross Income/Average Assets 4.4% 4.2% 4.0%

Cost of Funds 0.2% 0.1% 0.1%

Net Interest Margin 3.3% 3.3% 3.0%

Operating Expense Ratio 3.1% 3.4% 3.3%

Return on Average Assets 0.9% 0.5% 0.6%

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FINANCIAL RATIOS

2018

2018/2017

Growth 2017

2017/2016

Growth 2016

Total Loans 129.7$ 3.8% 124.9$ 8.1% 115.5$

Total Investments 62.6$ 4.9% 59.7$ -7.3% 64.4$

Total Assets 199.6$ 5.7% 188.9$ 3.8% 182.0$

Total Shares 167.8$ -1.5% 170.4$ 3.8% 164.1$

Total Equity 17.4$ 6.7% 16.3$ 10.1% 14.8$

Net Worth Ratio 9.5% 3.3% 9.2% 2.2% 9.0%

Loan to Share Ratio 77.3% 5.5% 73.3% 4.1% 70.4%

Total Number of Members 15,049 4.1% 14,453 2.4% 14,115

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FINANCIAL RESULTS

2018/2017 2017/2016

EARNINGS (in thousands) 2018 Growth 2017 Growth 2016

Operating Income 8,464.3$ 7.6% 7,865.8$ 10.8% 7,100.2$

Provision for Loan Losses 324.1 -4.7% 340.0 131.9% 146.6

Operating Expenses 6,077.7 -4.8% 6,384.2 8.8% 5,866.2

Dividend Expense 357.0 93.4% 184.6 4.7% 176.3

Net Income from Operations 1,705.4 78.2% 957.0 5.0% 911.1

Non-Operating Gains/(Losses) - -100.0% 1.7 -97.2% 60.4

Net Income 1,705.4 77.9% 958.7 -1.3% 971.5

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NOMINATING COMMITTEE REPORT

• Nominating Committee Chairman

• Election of Board of Directors

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OTHER

BUSINESS

• Old Business

• New Business

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CLOSING REMARKS

• Chairman’s Closing Comments

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PRIZES

Eligibility:

• Member in Good Standing

• Must attend meeting via Open Meeting

• Board members, staff and volunteers are

not eligible

Money will be transferred into the winner’s

account today:

• 5th prize $100.00

• 4th prize $200.00

• 3rd prize $300.00

• 2nd prize $400.00

• 1st prize $500.00

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THANK YOU &

HAVE A GREAT DAY!