In-Person and Online Forum via Zoom– Beaverton, Oregon
The 72nd Annual Meeting of Rivermark Community Credit Union was held on Thursday, April 20, 2023. The meeting was held in-person and virtually via the online forum - Zoom.
Chair Kim Bickford convened the meeting at 6:00 p.m. The meeting was called to order with the required quorum present. Electronic access to the Annual Report and the Minutes from the prior year’s Annual Meeting were available to those in attendance.
Chair Bickford invited questions and comments from in-person attendees and those attending via Zoom’s Chat feature. In the interest of expediency, all motions were held until all reports were presented and then only one motion was made to accept all reports and other business.
Chair Bickford also advised that the minutes from the prior meeting would not be read since they were contained in the Annual Report. Chair Bickford asked for any additions, deletions, or corrections to the minutes. There were no changes to the minutes.
The President’s Report was included in the 2022 Annual Report. The Chair asked if there were any questions regarding the President’s Report. There were no questions raised. She then announced the names of the current Board of Directors: Bill Roberts Jr, Brett Bryant, Dennis Fullan, Gary Frayn, Gloria Zabel, Jesus Palomares, Josh Stephenson, Kerri Leathers Izunagbara, Kim Bickford, Rob LaVigne, and Steve Holland. Chair Bickford introduced Supervisory Committee Chair, Jessica Epley.
Epley explained that the Supervisory Committee of Rivermark Community Credit Union is made up of 3 to 5 individuals appointed by the Board of Directors for a three-year term. Their objective is to preserve a financially stable Credit Union that will function in the best interest of all members. Chair Epley gave an explanation of their role in monitoring credit union operations and procedures. This committee oversees the initiating of the annual audit, conducts a biennial member account verification, and provides an on-going review of closed accounts. The Supervisory Committee meets on a regular basis. Chair Epley asked if there were any questions regarding the Supervisory Committee Report, which was also contained in the Annual Report. There were no questions raised. Rivermark’s Supervisory Committee members were named: Courtney Aguirre, Jessica Epley, Lauren Toda, Morgan Braze and Zefren Edior.
Board Chair Bickford verified that there was no unfinished business to be brought before the membership. She advised those present that although the Board of Directors has the power to make decisions for the credit union on behalf of the members, any member may bring any matter or topic forward for discussion by the membership at this meeting. She asked if there was any new business to be brought before the meeting. There was no other new business. Chair Bickford introduced the Chair of the Nominating Committee, Gary Frayn.
Frayn explained the procedure for electing the Credit Union Board of Directors. A Nominating Committee is appointed, and all of the Credit Union’s members are notified of how they could have their names placed in nomination for any Board vacancies. All members are also informed of their right to be nominated by petition, which would automatically place them on the ballot. Petitions needed to be signed by at least fifty (50) members and filed with the Nominating Committee by a stated deadline.
The committee nominated the following individual for the one (1) opening on Rivermark Community Credit Union’s Board of Directors’: Steve Holland; who was seeking re-election to the Board of Directors for a 3-year term. Board Directors Dennis Fullan and Bill Roberts Jr were retiring from their positions on the Board of Directors. The Board of Directors reverted back to a Board of nine versus the previous eleven member Board. The number of Directors serving was increased for a few years with the Lighthouse Community Credit Union merger and was now scheduled to return to a Board of nine directors. No other members asked to be nominated by petition, and the Credit Union’s bylaws do not allow nominations from the floor at the meeting. Therefore, as there is only one nominee for the vacant position on the Board, the Chair asked that the members present at this meeting cast a unanimous ballot for the nominee to fill the vacancy on the Credit Union’s Board.
Rivermark’s Chair asked, through an electronic vote, that Rivermark’s membership accept the one nominee to fill the Board position. Motion to accept the one nominee by unanimous electronic ballot vote was made by Jesus Palomares and seconded by Courtney Aguirre. The Chair called for all in favor to signify by saying “Aye”. There were no opposed. Motion accepted.
Chair Bickford introduced the President and CEO of Rivermark Community Credit Union, Seth Schaefer, who gave the President’s Report. Schaefer provided a brief overview of the previous year’s financial reports and shared the credit union’s successes over the past year.
The Chair asked for questions after the presentation of the President’s Report. There were no questions raised. The Chair asked for a motion to accept the following:
- The Minutes from the 2021 Annual Meeting
- The President’s Report
- The Supervisory Committee Report
Motion to accept the minutes and stated reports was made by Jesus Palomares and seconded by Brett Bryant. The Chair called for all in favor to signify by saying “Aye”. There were no opposed. Motion accepted.
Chair Bickford declared the 2022 Annual Meeting “adjourned” and thanked everyone for attending and participating in this annual event. The meeting was adjourned.
Respectfully submitted,
Kim Bickford, Chair of the Board