METROEAST CHAPTER OF CREDIT UNIONS
EXECUTIVE COMMITTEE MEETING MINUTES
March 4, 2010

The regular meeting of the EXECUTIVE COMMITTEE of the METROEAST CHAPTER OF CREDIT UNIONS was called to order by Chairperson Drema Isaac at 8:32 AM on March 1, 2010 at Christian Financial Credit Union.

PRESENT: 
Drema Isaac, Fran Pierce, James Safian, Michele Myrick, Patty Campbell, Gail Hernalsteen, Jackie Ford, Vicki McIntosh, Lisa Pionk and Jan Rose.

COMMITTEE MEMBERS EXCUSED: 
Gary Sylvester and Jim Shereda

GUEST PRESENT
Ron Martin, Kathy Figgs, Crystal Gracz, Heather Bade and Dave Adams

PREVIOUS MEETING MINUTES:
Motion was made by Gail Hernalsteen and seconded by Jim Safian to approve the minutes from the Executive Committee Meeting held on February 4, 2010. Motion carried.

TREASURER’S REPORT:
The March 2010 Treasurer’s Report was presented by Fran Pierce.   It was suggested that the money was allocated to Charity be separated from the general fund.  Fran will do this for next month’s report.  Motion was made by Gail Hernalsteen and seconded by Jim Safian to approve the Treasurer’s Report.  Motion carried.

PROGRAM AND EVENTS:
Kathy Figgs discussed the upcoming events, Employee Appreciation & Bingo Night/PAC Fundraiser to be held on March 10th. The event is being coordinated by Gail Hernalsteen.  So far we have 330 registered representing 18 Credit Unions.  There has been $5,400 donated for Bingo prizes and 7 baskets for the PAC raffle. 

The Committee requested approval of the new Metro East Logo.  Michele Myrick made a motion to approve it, Gail Hernalsteen seconded and the motion carried.  

Jim Safian made a motion to approve an expenditure of up to $750 for shirts for the Program and Events Committee and the Charity Committee.  Patty Campbell seconded and the motion carried. 

GOVERNMENT & POLITICAL FORUM REPRESENTATIVE:
Michele Myrick announced that the Legislative Breakfast is scheduled for March 19 at Central Macomb Community Credit Union.  She also announced that the Michigan GAC is April 13 – 14. 

CU DIFFERENCE CAMPAIGN:
Heather Bade said that the meeting that was scheduled was cancelled.  There are 170 Credit Unions participating representing 58% of Credit Unions with $822,000 raised. 

MCUL REPRESENTATIVE:
Ron Martin discussed the upcoming League sponsored events. Ron said that if any Credit Unions have regulatory issues that they would like the League to discuss with the regulators, please notify Mike Defours at the League. 

Ron announced that Galina Britton is the new Economic and Research Manager of the MCUL. 

Ron announced that Father Kramer Credit Union has reaffiliated with the League and is part of the Metro East Chapter.  Drema will send them a welcome letter and Lisa will add the CEO to the Metro East e-mail list.

MCUL DIRECTOR:
Vicki reviewed the action items that were completed at the MCUL Board Meeting.  The Federal and State Legislative agendas were adopted.  Vicki reminded the Committee that they could access this information on the MCUL website if they wanted to review it in more details.  The Federal and State Legislators of the Year and the Federal and State staffers of the year were also approved at the League Board Meeting. Vicki also reported that the Board approved a change in the Investment Policy which says that investments in private companies (CU Village, HRN, etc.) are not counted as equity investments.  This will allow the League to improve the yield of its investment portfolio.  

CHARITY COMMITTEE:
Chairperson Crystal Gracz reported the Charity Committee had collected a total of $1,600 for Goodwill Industries Pay it Forward program.  The next charity is March of Dimes.  Crystal reported that the Committee would like to commit at least $2,500 to each charity that they take on.  The Committee would use the funds that the Executive Committee allocated to charities if there is not enough raised by the fundraising efforts.  

Crystal said that the Committee held elections and Crystal was reelected Chairperson and Antoinette Funke was elected Secretary. 

CHAIRMAN’S REPORT:
Chairperson Drema Isaac thanked Heather for her work in preparing the entry for the Chapter Effectiveness Award.  She also discussed that we will be preparing an Annual Report Brochure similar to the one that was prepared by the Michigan Council of CUES. 

Drema asked for a volunteer to purchase the CMN Auction item.  Lisa will purchase an I-pad Touch.  Fran made a motion to allocate up to $500 for the purchase.  Michele seconded and the motion passed. 

OLD BUSINESS:
N/A

NEW BUSINESS:
Dave Adams, President and CEO of the Michigan Credit Union League presented to the Committee.  Dave provided an update regarding the following items:

• Industry Economic Update
• MCUL and Affiliates Financial Performance
• Affiliation Issues
• Legislative and Regulatory Issues
• 2010 Plan Priorities
• Other Industry Issues

Dave fielded questions from the group regarding Alternative Capital.  Dave said that the MCUL will support CUNA if they develop a position regarding this. 

NEXT MEETING:
The next meeting of the Executive Committee will be at 9:00 a.m. on April 1st at Michigan Schools and Government Credit Union.

ADJOURNMENT:
Motion was made by Gail and seconded by Vicki to adjourn this meeting at 10:20 a.m.  Motion carried.

Minutes prepared by Lisa Pionk, Secretary.