Legacy Savings & Credit Union Ltd.
Joint Annual Meeting
February 15, 2016
The joint Annual Meeting of Legacy Savings & Credit Union Ltd. and City Plus Credit Union Ltd were held at the Fort Calgary on March 15, 2016. The President, John Lindsay, called the meeting to order at 7:05 p.m. and welcomed the members and guests in attendance. He also thanked the staff at Fort Calgary for the meal.
Quorum
The President advised that there were 145 members and 11 guests in attendance. He declared a quorum pursuant to Section 59(1) of the Credit Union Act.
Voting Requirements
The President quoted the voting requirements as laid out in Section 60 of the Credit Union Act.
Introduction of Directors, Committees and Guests
Zennon Zalusky, for the President of City Plus Credit Union Ltd, introduced the Board of Directors from the Credit Union.
The President introduced the Board of Directors and the following guests: Roxanne Power from CUDGC (provincial regulators), Michael Epp from the firm Hawkings Epp Dumont external auditors, Kevin Metz from the firm Metz Law Office, Catherine Walker from Credit Union Payment Services, Doug Ryan from the Personal Insurance.
Approval of Guests
The President asked for a motion to allow the guests to be in attendance pursuant to Credit Union Bylaw 6 d). Moved by Rick Ratcliff and seconded by Gary Riggs that the guests present are allowed to be in attendance.
THE MOTION WAS CARRIED
Appointment of Scrutineers
The President asked for a motion to approve the appointment of Kevin Metz from the firm Metz Law Office and Michael Epp from the firm Hawkins Epp Dumont as scrutineers for the election of officers and to tally ballots for any other issue where a ballot was necessary. Moved by Randy Farkas and seconded by Rick Ratcliff that Kevin Metz and Michael Epp be appointed scrutineers.
THE MOTION WAS CARRIED
Introduction of Staff
The President introduced the General Manager (Rod Anderson) who then introduced the staff of both the branches of Legacy Savings & Credit Union Ltdand thanked them for the hard work and effort during the banking conversion.
One Minute of Silence
The President asked those in attendance to observe one minute’s of silence in honor of the members who passed away last year.
City Plus Credit Union Ltd – Minutes of the 9th Annual Meeting
Zennon Zalusky asked that the reading of the Minutes of the 9th Annual Meeting held on March 17, 2015, be waived as they were available at both branches and were on the table. Moved by Rick Ratcliff and seconded by Mari Alexander that the reading of the minutes be waived
THE MOTION WAS CARRIED
Zennon Zalusky asked for a motion to adopt the amended Minutes of the 9th Annual Meeting held on March 17, 2015. Moved by Ken Lastuka and seconded by Rick Ratcliff that the minutes be adopted.
THE MOTION WAS CARRIED
Business Arising out of the Minutes
Zennon Zalusky asked those in attendance if there was any business arising out of the Minutes. No response was forthcoming
Legacy Savings & Credit Union Ltd - Minutes of the 73rd Annual Meeting
The President asked that the reading of the Minutes of the 73rd Annual Meeting held on February 24, 2015, be waived as they were available at both branches and were on the table. Moved by Gary Kennedy and seconded by Chong-hin Quek that the reading of the minutes be waived.
THE MOTION WAS CARRIED
The President asked for a motion to adopt the amended Minutes of the 73rd Annual Meeting held on February 24, 2015. Moved by Angela Deis and seconded by Brady Tattersall that the minutes be adopted.
THE MOTION WAS CARRIED
Business Arising out of the Minutes
The President asked those in attendance if there was any business arising out of the Minutes. No response was forthcoming.
City Plus Credit Union Ltd - Report of the Board of Directors
Zennon Zalusky presented the Report of the Board of Directors and moved adoption thereof. The motion was seconded by Rick Ratcliff. Zennon Zalusky asked for questions from the floor. No response was forthcoming
THE MOTION WAS CARRIED
Legacy Savings & Credit Union Ltd - Report of the Board of Directors
The President relinquished the Chair to Zennon Zalusky. The President then presented the Report of the Board of Directors and moved adoption thereof. The motion was seconded by Richard McGill. Zennon Zalusky asked for questions from the floor. No response was forthcoming. Zennon Zalusky relinquished the Chair to John Lindsay.
THE MOTION WAS CARRIED
City Plus Credit Union Ltd-Report of the Auditor
The President called on Michael Epp to present the Report of the Auditor and the Financial Statements for the fiscal year ending October 31, 2015. Michael Epp presented the Auditors’ Report and Financial Statement for the fiscal year ending October 31, 2015. The President asked for a motion to adopt the Auditors’ Report and the Financial Statement. Moved by Glen Preece and seconded by Lorraine Hemming that the Auditors’ Report & Financial Statement for the year ending October 31, 2015 be adopted. The President asked for questions from the floor. No response was forthcoming.
THE MOTION WAS CARRIED
Legacy Savings & Credit Union Ltd-Report of the Auditor
The President called on Michael Epp to present the Report of the Auditor and the Financial Statements for the fiscal year ending October 31, 2015. Michael Epp presented the Auditors’ Report and Financial Statement for the fiscal year ending October 31, 2015. The President asked for a motion to adopt the Auditors’ Report and the Financial Statement. Moved by Al Ziebert and seconded by Gary Kennedy that the Auditors’ Report & Financial Statement for the year ending October 31, 2015 be adopted. The President asked for questions from the floor. No response was forthcoming.
THE MOTION WAS CARRIED
City Plus Credit Union Ltd -Report of the Credit Committee
The President called on Wilsie Beeler Acting General Manager, to present the Report of the Credit Committee. Wilsie Beeler presented the Report and moved adoption thereof. The motion was seconded by Mari Alexander. The President asked for questions from the floor. No response was forthcoming.
THE MOTION WAS CARRIED
Legacy Savings & Credit Union Ltd -Report of the Credit Committee
The President called on Alanna Hargan Chairperson of the Credit Committee, to present the Report of the Credit Committee. Alanna Hargan presented the Report and moved adoption thereof. The motion was seconded by Gary Riggs. The President asked for questions from the floor. No response was forthcoming.
THE MOTION WAS CARRIED
City Plus Credit Union Ltd - Report of the Audit and Finance Committee
The President called on Zennon Zalusky, Chairperson of the Audit and Finance Committee, to present the Report of the Committee. Zennon Zalusky presented the Report and moved adoption thereof. The motion was seconded by Ed Chamberlain. The President asked for questions from the floor. No response was forthcoming.
THE MOTION WAS CARRIED
Legacy Savings & Credit Union Ltd - Report of the Audit and Finance Committee
The President called on Harry Vince, Chairperson of the Audit and Finance Committee, to present the Report of the Committee. Harry Vince presented the Report and moved adoption thereof. The motion was seconded by Garry Riggs. The President asked for questions from the floor. No response was forthcoming.
THE MOTION WAS CARRIED
City Plus Credit Union Ltd - Report of the General Manager
The President called on Rod Anderson, to present the report. Rod Anderson presented the Report and moved adoption of the report. The President asked for a seconder to the motion. The motion was seconded by Gerry Riggs. The President asked for questions from the floor. No response was forthcoming.
THE MOTION WAS CARRIED
Legacy Savings & Credit Union Ltd - Report of the General Manager
The President called on the General Manager, Rod Anderson, to present his report. Rod Anderson presented the Report and moved adoption of the report. The President asked for a seconder to the motion. The motion was seconded by Jo Heemskirk. The President asked for questions from the floor. No response was forthcoming.
THE MOTION WAS CARRIED
Unfinished Business
The President asked if there was any Unfinished Business. No response was forthcoming.
New Business
The President asked if there was any New Business. No response was forthcoming.
Election of Directors
The President asked Richard McGill, Chairperson of the Nominating Committee, to present the list of nominees to the membership. Richard McGill presented the nominees, Mr. Gary Kennedy and Mr. Randy Farkas, brought forward by the committee. He read the Director Eligibility Requirements in the Annual Report, and then asked for nominations from the floor three times. Being no candidates from the floor, Richard McGill moved that nominations cease and all candidates win by acclamation.
Staff Service Awards
Nil
Draw for Door Prizes
The President called upon Angela Deis to draw for the door prizes. Angela Deis thanked Hawkins Epp Dumont, Calgary Double Blue Social Credit Union Payment Services and Personal Insurance who supplied some of the door prizes
Adjournment
The meeting adjourned at 8:25 p.m. on a motion by Crystal Soloshy, seconded by Rick Ratcliff.
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J. Lindsay-President R. Anderson-Secretary
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