- Business Meeting - Agenda & Rules of Order
Saturday, May 20, 2017 – 3:30 PM
Junior Ballroom, Stowe Mountain Lodge, Stowe, VT
Agenda & Rules of Order
- Call to Order
- Pledge of Allegiance / Moment of Silence
- Incorporation of the Official Call into the Minutes
- Credentials Committee Report
- Acceptance of the Rules of Order
- Appointment of a Parliamentarian
- Approval of the Minutes of the 69th Annual Meeting
- New Business
- Comments from Honored Guests
I) Robert’s Rules of Order shall govern the meeting in all cases in which they are applicable and in which they are not inconsistent with the Bylaws of the Association of Vermont Credit Unions, Inc. A parliamentarian shall be appointed by the Chairman.
II) All committees, unless specifically provided, shall be appointed by the presiding officer.
- Credentials Committee – This committee is in charge of registration of delegates and alternates. Delegate and alternate check-in will begin at 3:10 PM on Saturday, May 20, 2017. The committee shall receive, check, and file credentials of all delegates or alternates and report to the presiding officer at the time indicated on the agenda. This committee shall be responsible for the seating arrangements of delegates, visitors, and guests. If there is any challenge to the rights of any person to be delegates or alternates, then such matters shall be referred without debate by the presiding officer to the Credentials Committee for investigation, report, and recommendation.
- Nominating Committee – This committee shall submit to the Association meeting a list of nominees for all vacant offices for the consideration of the delegates at the meeting.
III) The report of the Credentials Committee shall be accepted as evidence of delegates and alternates in attendance at the Association meeting in determining the presence of a quorum.
IV) Regarding decorum and debate, only Association directors, the Association president, delegates, or their alternates, are entitled to the use and privilege of the floor. The chair may use its discretion in all other cases.
- Delegates and alternates desiring to address the meeting or to make a motion shall address the presiding officer as “Mr. Chairman” and give their name and name of their credit union.
- Discussion – It is desirable that all keep remarks as brief as possible.
- Voting – All voting shall be done in one of the following manners:
- Voice vote;
- Raising of hands;
- Roll call;
- Standing; or
- Secret ballot.
- The presiding officer may designate the method to be used unless over-ruled by majority vote on appeal from the decision of the Chair. In the event of a contest, the presiding officer shall appoint ballot clerks.
- Business Meeting - Minutes of the 69th Annual Business Meeting
Minutes of the 69th Annual Business Meeting
Sheraton Burlington Hotel, May 14, 2016
The sixty-ninth Annual Meeting of the Association of Vermont Credit Unions, Inc. (AVCU) was called to order by Chairman Sean Gammon at 2:07 p.m. He requested that everyone stand and join him in reciting the Pledge of Allegiance.
Secretary Bernie Isabelle announced that the Official Call to the 69th Annual Meeting was emailed to all member credit unions on February 9, 2016.
The Credentials Committee Report was given by Secretary Isabelle, who stated that 11 member credit unions were present for a total of 22 delegate votes. A quorum was declared.
A motion was made by Doug Fisher (Vermont FCU) and seconded by Michael Cooney (River Valley CU), that Robert’s Rules of Order and the “Rules of Order” as published on the Annual Meeting page of AVCU’s online yearbook be adopted as governance for the meeting. SO VOTED.
Introductions – Chairman Gammon introduced AVCU Board Vice-chair Susan Poczobut, Treasurer Jeff Morse, and Directors Bernie Isabelle, Bob Morgan, Carrie Allen and Jim St. Peter. He then introduced distinguished guests Jesse Rocheleau, CPA, from AVCU’s accounting firm of A. M. Peisch & Company, LLP, and Richard Brock, AVCU’s Legal Counsel and Lobbyist from the firm of Brock and Brock, PLLC. Mr. Gammon appointed Mr. Brock to serve as parliamentarian for the business meeting and then introduced the AVCU staff.
Chairman Gammon appointed Mary Robert (AVCU) as Recording Secretary for the Minutes and noted that Kerri Ballard and Jen Malroux (AVCU) had served as the Credentials Committee.
Minutes – A motion to dispense with the reading of the Minutes of the 68th Annual Meeting and to accept them as published on the Annual Meeting page of AVCU’s online yearbook was made by Judy Rosenstreich (Vermont State Employees CU) and seconded by Kevin Loso of (Heritage Family CU). SO VOTED.
New Business – Bylaw Amendment. A motion was made by Tom O’Brien (Heritage Family CU) and seconded by Michael Cooney (River Valley CU) to to accept the amendment as presented. SO VOTED.
Elections – Chairman Gammon announced that no absentee ballots or petition requests to add candidates to the ballot were received by their announced deadlines, so the slate of candidates remained unchanged. Bob Morgan, NorthCountry Federal Credit Union, and Jim St. Peter, New England Federal Credit Union. As there are no other candidates for the two expired three year terms, he declared Bob and Jim elected by acclamation. He congratulated them and thanked Committee Chair Isabelle (Vermont FCU), Wanda Dunham (White River CU), and Bob Lake (Green Mountain CU) for their service.
Reports – Chairman Gammon thanked the members of all AVCU Committees for their work throughout the year then called upon President Joe Bergeron for his management report.
A motion was made by Kevin Loso of (Heritage Family CU), and seconded by Betty Chamberlin (Members 1st CU) to dispense with the reading of reports and accept them as published on the Annual Meeting page of AVCU’s online yearbook. SO VOTED.
Comments from Honored Guests: Chairman Gammon welcomed Cynthia Stuart, Deputy Commissioner of the Vermont Dept. of Financial Regulation, and asked her to address the meeting.
Chairman Gammon welcomed Jeff Pierce, Sales Executive with CUNA Mutual Group, and asked him to address the meeting.
Chairman Gammon welcomed Steve Roy, CEO of Tricorp FCU, and asked him to address the meeting.
Chairman Gammon thanked President Bergeron and the staff for the work done during the previous year.
Old Business – None
Adjournment – The meeting was adjourned at 2:40 p.m. upon a motion by by Michael Cooney (River Valley CU) and seconded by Tom O’Brien (Heritage Family CU). SO VOTED.
Respectfully Submitted, Bernie Isabelle, Secretary
* * * * *
At a re-organizational board of directors meeting immediately following the AVCU Business Meeting, the following officers were elected for 2016 / 2017:
Chairman – Sean Gammon
Vice Chairman – Susan Poczobut
Treasurer – Jeff Morse
Secretary – Bernie Isabelle
- Business Meeting - Report of the 2016-2017 Audit Committee
Report of the 2016 – 2017 Audit Committee
May 5, 2017
Board of Directors
Association of Vermont Credit Unions, Inc
Association of Vermont Credit Unions Services Corporation
On Friday, May 5, 2017 the committee met to review and receive the audit report of the Association of Vermont Credit Unions and its subsidiary Association of Vermont Credit Unions Services Corporation.
We met via teleconference with Association President Joe Bergeron, Finance Administrator Mary Robert, and Certified Public Accountants Todd Burgess and Jesse Rocheleau of A.M. Peisch & Company. The committee reviewed the audit report prepared by A.M. Peisch & Company, about which Mr. Burgess and Mr. Rocheleau noted highlights and responded to Committee questions.
After reviewing the report and supporting documentation, the Audit Committee found it to be thorough and understandable. The financial statements were found to be in balance, with proper accounting procedures being followed.
Available as a separate document are the Balance Sheet and Income Statement for the Association of Vermont Credit Unions, Inc. and Subsidiary as of December 31, 2016. A copy of the Audited Financial Statements and Auditor’s Report is on file at the Association office and is available to member credit unions upon request.
We want to thank Association staff and A.M. Peisch & Company for their cooperation in explaining and reviewing the audit report of the Association of Vermont Credit Unions, Inc. and Subsidiary.
Susan Leonard, Chair, New England FCU
Terence Field, VSECU
Jeff Morse, River Valley CU
Printed copies of AVCU, Inc. & Subsidiary 2016 Financial Statements will be provided (upon request) to Delegates, Alternates, and other registered attendees of the 70th Annual Business Meeting.
Digital copies of AVCU, Inc. & Subsidiary 2016 Financial Statements are available to recognized management, staff, and volunteers at AVCU member credit unions. Submit your request by email and kindly allow 2-3 business days for processing.
- Business Meeting - Report of the 2016-2017 Nominating Committee
Report of the 2016 – 2017 Nominating Committee
April 7, 2017
The Nominating Committee of the Association of Vermont Credit Unions has performed the task of selecting candidates to fill three director terms that will expire at the 2017 70th Annual Meeting on May 20th. Two are the incumbent terms of Carrie Allen (Heritage Family FCU) and Jeff Morse (River Valley CU). The third is a vacancy created by the retirement of Bernie Isabelle (Vermont FCU) late in 2016. All three vacancies will be filled with persons elected for a three-year term.
On January 27, 2017, a request was sent to member credit unions for the purpose of soliciting names of possible candidates to fill the vacancies. The committee reviewed qualifications of candidates submitted, as well as others, and selected the four candidates listed below to place in nomination.
Petition Nominations: Association bylaws allow for additional nominees to be added to the ballot by petition. Any qualified individual seeking to be added to the 2017 director elections ballot was required to submit his / her completed petition and qualifications to the Nominating Committee by April 14, 2017. As no petition nominations were received, the list of candidates remains unchanged.
Susan Poczobut, Chair (Granite Hills CU)
Wanda Dunham (White River CU)
Bob Lake (Green Mountain CU)
Bob Morgan (NorthCountry FCU)
2017 Association Nominating Committee Nominees
Carrie is the Senior Vice-President, Marketing & Business Development for Heritage Family Federal Credit Union, a $438 million institution (as of 12/31/16) serving nearly 46,000 members throughout Addison, Bennington, Rutland, Windsor, and Windham Counties in Vermont and the town of Hooksett, NH. Carrie has held this position for seven years and has been an AVCU Director for three years. She continues her service to the Board of Directors at the Visiting Nurse Association & Hospice of the Southwest Region (11 years), the Board of Directors at the United Way of Rutland County (10 years), and is on the Rutland Chamber of Commerce’s Membership Committee and Rutland Economic Development’s Marketing Committee. She has done marketing and public relations for Girls on the Run since 2014 and was a WOCCU Global Women’s Leadership Network volunteer from 2013-2016. She holds a Bachelor of Arts Degree from the University of Vermont, became a Credit Union Development Educator in 2014, earned her Credit Union Business Development Professional certification from CUNA in 2015, and is a Licensed Health & Property/Casualty Insurance Agent in Vermont and New Hampshire.
Rick is the Senior Vice-President, Technology and Operations for Vermont State Employees Credit Union (VSECU), a $717 million institution (as of 12/31/16) serving more than 61,300 members throughout the state of Vermont. Rick has been with VSECU since May of 1999, in that time also holding positions as SVP Retail Operations, VP Retail Operation, VP Information Technology, and E-Commerce Manager. He was the Chairperson of Fiserv’s Retail Strategic Advisory Council from 2012-2016 and currently serves on the Global Alliance for Banking Values’ Digital Business and Innovation Committee. He held various volunteer roles in the Washington West Supervisory Union, including a number of coaching positions, from 1999-2014 and is a Vermont Foodbank volunteer. In 2015, he earned the Certified Chief Executive (CCE) designation from CUES and holds a Bachelor’s Degree in Management of Information Systems and Accounting from the University of Vermont.
Jeffrey J. Morse
Jeff is the President and Chief Executive Officer of River Valley Credit Union, a $95.6 million institution (as of 12/31/16) serving more than 16,800 members in Windham and Windsor Counties in Vermont and in western Cheshire and Sullivan Counties in NH, as well as SEGs in those areas. Jeff has held this position for more than 11 years, has been an AVCU Director for 10 years, and has been a chair or member of numerous AVCU Committees. For the past six years, he has served as Treasurer of the AVCU Board. He has been a member of the Brattleboro Rotary Club for 21 years and is a past Club President. Jeff holds and has held numerous community involvement positions, including being a current member of the Brattleboro Memorial Hospital Finance Committee, past Chair of the Boards of the Brattleboro Retreat, Brattleboro Memorial Hospital, and Health Care and Rehabilitative Services. His service to community organizations includes being a past board member of the Brattleboro Chamber of Commerce, Brattleboro Museum and Arts Center, and Big Brothers Big Sisters. He holds a Bachelor’s Degree in Accounting from Southern NH University.
Brett A. Smith
Brett is the President & Chief Executive Officer of One Credit Union, a nearly $142 million institution (as of 12/31/16) serving almost 15,000 members throughout Vermont’s Addison, Chittenden, Orange, Washington, and Windsor Counties; the towns of Alburgh, Grand Isle, Isle La Motte, North Hero, South Hero, and Cambridge; and Sullivan County, NH. Brett had been One Credit Union’s Chief Financial Officer since September 2014 prior to becoming President & CEO in March 2017. He has been a Committee Member of the New England Financial Executives Council since January 2016, a member of the CUNA CFO Council since October 2014, and has more than 19 years of experience in the financial services industry. He volunteers his time in a variety of ways to the Upper Valley United Way, has been a volunteer coach for youth football, hockey, basketball, baseball, and softball over the past 20+ years, and was recently invited to join the Vermont Make-a-Wish Board. He holds an AS Degree in Accounting from Andover College, graduated Summa Cum Laude with a Bachelor’s Degree in Accounting with Business Management concentration from Franklin Pierce College, and is pursuing CUNA’s Certified CU Executive designation with an expected completion date of 2018.