CREDUT UNION REPORT 2013.pdf April 2013 | Page 96

Tied to our vision, anchored by our values, building on our strengths AGM13/09 Consideration of Minutes of the 65th AGM 1. A motion to take the Minutes of the 65th AGM as read was moved by Bro. Maximus Lazarus and seconded by Sis. Yvette Lessey. 2. Corrections to the Minutes There were no corrections to the minutes. 3. The Minutes were confirmed on a motion moved by Bro. Christopher De Allie and seconded by Bro. Francis Balwant. 4. Matters arising from the minutes Morne Jaloux Land The membership enquired about the progress of the building project at Morne Jaloux. The Chairman responded that the project was placed on hold for further review and analysis after the recommendations made at the last AGM. Bro. De Allie, added that this review was currently being conducted using a more strategic approach, taking into consideration the needs and affordability of members. Church Street Building Concern was raised about the use of the adjoining building on Church Street for office space instead of renting new space. It was also recommended that the credit union should seek partnership with T.A. Marryshow Community College for the refurbishment of the building using their students as assistants so as to reduce cost. The Chairman welcomed the suggestions. He also explained that the Board had been looking at the Church Street property and planning strategies for refurbishment which encompass the needs of the growing organization. Nominations The Chairman encouraged the membership to volunteer to serve on the various committees. The number of nominations received by the credit union was generally very low. It was recommended that members endorse a greater involvement of the younger generation and nominate them to serve so as to have a more balanced and well represented management team. Vacancy of the Financial Counselor The membership reinforced the need to fill the vacancy of the financial counselor as a matter of urgency. AGM13/10 Board of Directors’ Report The Chairman moved a motion that the Board of Directors Report be taken as read and it carried without dissent. He then invited questions or matters arising from the Report. Bro. Learrie Barry commended the Board of Directors on their efforts during the year 2012, on the holding of the retreat and all other efforts for improved collaboration among the committees. He applauded the excellence in corporate governance and complemented the GPSCCU on the achieved improvements in the ratios. He then encouraged the membership to increase their equity shares in an effort to build the credit union and reported that he has been honoring his commitment to invest for a number of years. 95