2010 pefcu annual meeting presentation
DESCRIPTION
PEFCU MEMBERS ELECT NEW BOARD West Lafayette, Ind. – April 7, 2010 – Purdue Employees Federal Credit Union (PEFCU), a member-owned cooperative governed by a nine-member volunteer board of directors, held its 2010 Annual Meeting on April 6 at Purdue University, in West Lafayette, Ind., with 96 members in attendance. Following the annual meeting, members celebrated PEFCU’s 2009 Readers’ Choice Awards honors and attended a Membership Benefits Fair. Members re-elected Stephen E. Brewer and Mark M. Moriarty, and elected Matthew G. Lerzak as members of the board of directors for a three-year term. Brewer is a corporate finance executive and entrepreneur with experience working with Pfizer, Corning and Great Lakes Chemical; Moriarty is an associate professor of management at Purdue University; and Lerzak is director of integrated solutions at Forsythe Solutions Group. Officers for the 2010-11 board of directors are Stephen Brewer, chair; Robert Bain, vice chair; P. Greggory Williams, treasurer; and Mark Moriarty, secretary. Other members of the board include Jayne Feathers, Matthew Lerzak, Thomas Moore, Susan Smith and John Trott. About PEFCU Founded on the Purdue University campus in 1969, Purdue Employees Federal Credit Union (PEFCU) boasts assets of nearly $600 million and serves more than 57,000 members nationwide. The credit union is driven by superior member service and is dedicated to serving the Greater Lafayette community.TRANSCRIPT
Annual MeetingApril 6, 2010
John O. Trott, Board Chair
Agenda
I. Call Meeting to OrderII. Determination of QuorumIII. Adoption of AgendaIV. Minutes of 2009 Annual MeetingV. Introduction of Board
2009 Board Introduction Board Retiree Election by Acclamation Board Introduction
Board Introduction
2009 Board of DirectorsDr. Susan K. Aufderheide
Robert W. BainStephen E. BrewerJayne L. Feathers
Dr. Mark M. MoriartyThomas E. MooreSusan M. Smith
John O. TrottP. Greggory Williams
RETIRING BOARD MEMBERDr. Susan Aufderheide
Board Candidates
Matthew G. LerzakDirector Integrated Solutions
Forsythe Solutions Group
Stephen E. BrewerCorporate Finance Executive
Entrepreneur
Dr. Mark M. MoriartyAssociate Professor of Management
Purdue University
Board Introduction
2010 Board of DirectorsRobert W. Bain
Stephen E. BrewerJayne L. Feathers
Matthew G. LerzakDr. Mark M. Moriarty
Thomas E. MooreSusan M. Smith
John O. TrottP. Greggory Williams
Agenda
IV. Treasurer ReportV. Supervisory Committee ReportVI. Chief Executive Officer ReportVII.New Business
Volunteer Recognition Chairperson Report
VIII. Adjournment
TREASURER REPORTRobert Bain, Treasurer
Balance Sheet Growth (,000)
Growing Relationships
Loan Growth
Deposit Growth
Credit Quality
Net Income (,000)
Net Worth
SUPERVISORY COMMITTEE REPORTChristiane Keck, Chair
CHIEF EXECUTIVE OFFICER REPORTBob Falk, President and Chief Executive Officer
CEO Report
2009: The Year of the Corporate Credit Union.
CEO Report
How PEFCU Responded.
CEO Report
2009 Timeline
1/28 3/20 3/31 5/20 6/18 6/30 11/19
CEO Report
On the 2010 Horizon.
NEW BUSINESSJohn Trott, Board Chair
Volunteer Recognition
Asset & Liability CommitteeRobert W. Bain, ChairThomas E. MooreP. Greggory WilliamsJames SchackmuthJohn A. SchneiderDr. A. Charlene Sullivan
Volunteer Recognition
Membership Services CommitteeSusan M. Smith, ChairDr. Susan K. AufderheideJayne L. FeathersDr. Mark M. MoriartyJudith AustinRick BradleyBharat Binani
Darren CooperDan HemanTed HingstSean JeffriesSharon KraebberCarrie LanoueJesse Moore
Volunteer Recognition
Supervisory CommitteeDr. Christiane Keck, ChairStephen E. BrewerLucia AndersonRick DavisDr. Marcus Rogers
Adjournment
Please join us for our Membership Benefits Fair.Celebrate our Readers’ Choice Awards.Learn more about your credit union benefits.Enjoy free refreshments.Grant Street parking garage gates up from
6:30-7:30 p.m.
Voted best in Lafayette
Over 10,000 Journal & Courier readers voted PEFCU the best:
• Credit Union• Consumer Bank• Checking Account• Mortgage Lender• Commercial Bank