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
![Page 1: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/1.jpg)
Annual MeetingApril 6, 2010
John O. Trott, Board Chair
![Page 2: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/2.jpg)
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
![Page 3: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/3.jpg)
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
![Page 4: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/4.jpg)
RETIRING BOARD MEMBERDr. Susan Aufderheide
![Page 5: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/5.jpg)
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
![Page 6: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/6.jpg)
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
![Page 7: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/7.jpg)
Agenda
IV. Treasurer ReportV. Supervisory Committee ReportVI. Chief Executive Officer ReportVII.New Business
Volunteer Recognition Chairperson Report
VIII. Adjournment
![Page 8: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/8.jpg)
TREASURER REPORTRobert Bain, Treasurer
![Page 9: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/9.jpg)
Balance Sheet Growth (,000)
![Page 10: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/10.jpg)
Growing Relationships
![Page 11: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/11.jpg)
Loan Growth
![Page 12: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/12.jpg)
Deposit Growth
![Page 13: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/13.jpg)
Credit Quality
![Page 14: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/14.jpg)
Net Income (,000)
![Page 15: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/15.jpg)
Net Worth
![Page 16: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/16.jpg)
SUPERVISORY COMMITTEE REPORTChristiane Keck, Chair
![Page 17: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/17.jpg)
CHIEF EXECUTIVE OFFICER REPORTBob Falk, President and Chief Executive Officer
![Page 18: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/18.jpg)
CEO Report
2009: The Year of the Corporate Credit Union.
![Page 19: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/19.jpg)
CEO Report
How PEFCU Responded.
![Page 20: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/20.jpg)
CEO Report
2009 Timeline
1/28 3/20 3/31 5/20 6/18 6/30 11/19
![Page 21: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/21.jpg)
CEO Report
On the 2010 Horizon.
![Page 22: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/22.jpg)
NEW BUSINESSJohn Trott, Board Chair
![Page 23: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/23.jpg)
Volunteer Recognition
Asset & Liability CommitteeRobert W. Bain, ChairThomas E. MooreP. Greggory WilliamsJames SchackmuthJohn A. SchneiderDr. A. Charlene Sullivan
![Page 24: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/24.jpg)
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
![Page 25: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/25.jpg)
Volunteer Recognition
Supervisory CommitteeDr. Christiane Keck, ChairStephen E. BrewerLucia AndersonRick DavisDr. Marcus Rogers
![Page 26: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/26.jpg)
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.
![Page 27: 2010 PEFCU Annual Meeting Presentation](https://reader035.vdocument.in/reader035/viewer/2022062319/5560f976d8b42a0e408b4ce8/html5/thumbnails/27.jpg)
Voted best in Lafayette
Over 10,000 Journal & Courier readers voted PEFCU the best:
• Credit Union• Consumer Bank• Checking Account• Mortgage Lender• Commercial Bank