Agenda April 16, 2013 - Liberty Online

Determination of a Quorum
Call to Order
Pledge of Allegiance
Invocation
Judge Henry A. Santana
CCATCU Board of Director
Nominating Committee Report
Dr. Lynda De Leon, Chairperson
Chairperson’s Remarks
Arturo Delgado
Arturo Delgado
Chairperson, Board of Directors
Agenda
April 16, 2013
Audit Report
Javier Leal, Treasurer
Scholarship Committee Report
Dr. Jose Cavazos Jr., Chairperson
President’s Remarks & Loan Report
Gina K. Prince, CCUE, CCUFC,
President
Staff Introductions & Recognitions
Gina K. Prince, CCUE, CCUFC
President
New Business
Adjournment
Gina K. Prince, CCUE
President
REPORT FROM THE TREASURER AUDIT REPORT
The Board of Directors of Coastal Community And
Teachers Credit Union is responsible for the audit of
business transactions of the Credit Union as well as
reviewing accounts, records, cash and securities. To aid
in the audit of the Credit Union’s operations, records,
and financial statements for the year ended, December
31, 2012, the Board of Directors retained McGladrey LLP,
Certified Public Accountants. The annual Statement
of Financial Condition and the Income Statement are
printed in your annual report. CCATCU ended the year
with assets of $244,927,642.
Javier H. Leal
Treasurer
The Board of Directors has completed their duties with
regard to the audit of the books and records of Coastal
Community And Teachers Credit Union for the year ended
December 31, 2012. The services of McGladrey, LLP, Certified
Public Accountants, were retained. The audit included
an examination or test of the accounting records, loan
documents and other supporting evidence, as well as a
general review of the system of internal controls. The
findings of the audit substantiate the accuracy of the
reported Financial Statements, and a detailed written
report was forwarded to the Board of Directors.
Arturo Delgado
Chairperson, Board of Directors

Report from the Chairperson & the President
77 th Annual Meeting 2012
Coastal Community And Teachers Credit Union
(CCATCU)’s growth in 2012 continues to be double
digit. Asset growth exceeded $32 million or 15.17%
for the year with total assets surpassing $244 million
by year end. The net income for 2012 was $3,186,580
which builds equity in our institution. CCATCU’s
capital exceeded $25 million at year end.
2012 HISTORICALLY
The loan portfolio during 2012 grew 24.49% and
exceeded $184 million at year end. The vast majority
of growth is attributed to used car loans. The deposit
portfolio grew 14.86% which equated to $28,030,789 in
growth during 2012. Due to the loan growth, CCATCU
investments decreased throughout 2012 compared
to 2011. Investment rates remain low with Fed Funds
being .17% at year end. Dividends paid back to our
members exceeded 13% of our revenue or $1.9 million
for 2012.
The Credit Union Department of the State of Texas
provides standard bylaws for credit union board of
directors to adopt. In the 4th quarter of 2012, CCATCU
Board of Directors adopted the standard bylaws.
The standard bylaws adopted provided for some
changes to the annual meeting procedures, changed
the eligible age of a director and eliminated staff
from being eligible to be a board of director.
Your credit union completed both a credit and
debit card conversion during 2012. Many months of
exploration prior to conversion took place in order
to provide a conversion with minimal interruptions.
CCATCU’s credit card program is now processed
by a third party which will allow a multitude of
enhancements including 24/7 phone assistance and
photo cards.
Additional products were introduced in 2012, Real
Savers and Real Checking. The Real Checking
product mirrors the Bonus Checking as far as cycle
qualifications including ATM refunds and interest
paid. When qualifications are met and interest is
paid and ATM fees are refunded, these amounts
are automatically transferred to the Real Savers
account. The Real Savers (formerly the Holiday Club
Account) allows members to build up savings and
limits the ability to withdraw to two times a year.
Your credit union now has four checking accounts
that fit your financial needs. Our Bonus Checking
product continues to grow in deposits now reaching
$15 million and paying an annual percentage yield of
3.82%, if cycle qualifications are met.
INTO THE FUTURE 2013
Your credit union strives to maintain competitive
rates and products and will continue into 2013 with
the same goals in mind. Interest rates on deposit
accounts remain low, not only in our community but
across the nation. Loan rates continue to remain
low with annual percentage yields on autos being as
low as 3.50%. Your rate on your CCATCU Visa credit
card may be as low as 6.99% annual percentage rate.
The rate structures offered by your credit union are
just one way we support the accountholder of our
institution.
Efficiency and safety in regards to technology is a
focus of CCATCU. Technology requires continual
research into safety, business continuity, being
competitive and offering user friendly applications.
Whether upgrades are required internal for staff,
in order to maintain great member service, or
external for members to utilize, it requires constant
attention. Your board of directors, management
and staff are aware of the safety and confidentiality
necessary in order to maintain your accounts in a
secure environment.
Our Board of Directors is the governing body of
CCATCU. They set policy and make prudent overall
business decisions for your credit union. The welltrained
staff provides great service to our members.
The combination of these two allows you, the
member, to take advantage of all the great products
and services we have to offer. In closing, without our
MEMBERS, we would not be the fine institution we
are today. It takes a combination of all of us working
together to provide the best financial alternative in
the future. We hope you will spread the word; it is
YOUR CREDIT UNION, USE IT OFTEN.

STATEMENTS OF CONDITIONS
DECEMBER 31, 2012 & 2011
2012 2011
ASSETS
Cash $19,917,859 $29,691,956
Investments
Loans to members, net of
20,980,754 21,465,644
allowance for loan loss 183,327,084 147,152,351
Note Receivable 0 0
Accrued Interest Receivable 0 0
Fixed assets
National Credit Union
5,712,373 5,815,692
Share Insurance Fund 2,012,488 1,747,123
Other Real Estate 0 0
Other Assets 12,977,084 6,798,139
TOTAL ASSETS $244,927,642 $212,670,905
LIABILITIES AND RETAINED EARNINGS
Note Payable $0 $0
Dividend Payable 0 0
Other Liabilities 2,849,300 1,733,336
TOTAL LIABILITIES $2,849,300 $1,733,336
Deposit Accounts 216,703,900 188,673,112
Regular Reserves 5,508,821 5,508,821
Undivided Earnings 22,825,505 19,638,925
Comprehensive Income
TOTAL LIABILITIES
(2,959,884) (2,883,289)
& EQUITY $244,927,642 $212,670,905
DISTRIBUTION OF INCOME
Operating
Expenses
8,807,775 / 59%
Provision for
Loan Loss
985,000 / 7%
Dividends to
Members
1,965,004 / 13%
Net Income
3,186,579 / 21%
STATEMENTS OF EARNINGS YEARS ENDED
DECEMBER 31, 2012 & 2011
2012 2011
INTEREST REVENUE
Interest on loans $10,131,184 $8,386,932
Interest on investments
and certificates of deposit
OTHER REVENUE
369,047 675,546
Fees 3,937,377 3,590,229
Gain (Loss)
on Disposition of Assets
3,499 (1)
Gain (Loss) on Investments 0 0
Non-Operating Gain or Loss 0 0
Extraordinary Gain (Loss) 0 2,340
Other 503,251 275,709
TOTAL REVENUE $14,944,358 $12,930,755
DIVIDEND EXPENSE
Dividends on 1,965,004 1,736,996
deposit accounts
TOTAL DIVIDENDS 1,965,004 1,736,996
NET REVENUE $12,979,354 $11,193,759
Provision for loan/account
losses
985,000 749,000
Interest on borrowed money 0 29
NET REVENUE BEFORE
OPERATING EXPENSES
$11,994,354 $10,444,730
OPERATING EXPENSES
Compensation & Benefits $3,619,876 $3,436,790
Office Occupancy 577,030 611,794
Data Processing 766,155 818,560
Office Operations 1,572,400 1,440,295
Other 2,081,128 1,566,563
Member Insurance 191,186 436,781
TOTAL OPERATING
EXPENSES
$8,807,775 $8,310,783
NET INCOME $3,186,579 $2,133,947
Membership for 2012
was 36,403 members!

CALL TO ORDER:
The 76th Annual Meeting of Coastal
Community And Teachers Credit Union
was called to order by Dr. David Hinojosa,
Chairperson of the Board of Directors, at
7:08 p.m., April 3, 2012, at West Oso Junior
High School in Corpus Christi, Texas, Nueces
County.
DETERMINATION OF A QUORUM:
Hinojosa stated that a minimum of 25
members had indicated their presence
by signature, constituting a quorum and,
therefore, a legal meeting.
PLEDGE OF ALLEGIANCE:
Hinjojosa asked everyone to rise and join
him in the Pledge of Allegiance.
INVOCATION:
Judge Henry Santana, Board of Director, gave
the invocation.
WELCOMING REMARKS AND
INTRODUCTIONS:
Hinojosa welcomed all in attendance. He
announced that $6,000 would be given away
in cash prizes. He extended a special thank
you to West Oso ISD and thanked their staff
for the use of the facility. He recognized and
thanked Terry Avery, Principal, West Oso
Junior HighSchool, and Elizabeth Saenz,
Superintendant, West Oso ISD. He recognized
any charter members, past board members,
and school board members present. He
introduced the Board of Directors: Arturo
Delgado, Vice-Chairperson; Dr. Tony Diaz
(absent), Treasurer; Javier Leal, Secretary; Dr.
Jose Cavazos, Jr., Parliamentarian; Ken Combs,
Judge Henry Santana, Eduardo Torres, and
Dr. Lynda De Leon. He also introduced Gina
Prince, President; Elvia Navarre, Executive
Secretary; and John Bell, Attorney at Law,
who served as Parliamentarian.
NOMINATING COMMITTEE REPORT:
Eduardo Torres, Chairperson of the
Nominating Committee, explained that the
Nominating Committee consists of those
members of the Board of Directors whose
positions are not open for election in 2012.
The Committee determined each candidate’s
willingness and ability to serve, and verified
each is a member in good standing. All
qualified applicants who filed by the
February 17th deadline appear on the ballot.
All candidates were informed of the duties
and responsibilities of Board members.
Voting members received information on
the candidates whose names appear on the
ballot.
Torres asked for nominations from the floor
three times. None were made.
COASTAL COMMUNITY AND TEACHERS CREDIT UNION
76 th ANNUAL MEETING MINUTES
APRIL 3, 2012 - 7:00 PM
MOTION TO CLOSE NOMINATIONS:
Motion by STEVEN DE LEON, seconded by
BENITO BARRERA to close nominations.
MOTION CARRIED.
The first of two $300 grand prize tickets was
drawn.
ELECTION TELLERS:
Torres announced the names of the election
tellers who assist with the collection of the
ballots. The election tellers were Dolores
Huerta, Mariann Robert and Susan Grobe.
ELECTION OBSERVERS:
Torres announced the names of the election
observers who are appointed by the Board
of Director candidates to observe the
tabulation of the votes. The observers were
Ginny Moore, selected by Benito Barrera;
Rogenia Bonds, selected by Aaron Bonds;
Dennis Dolce, selected by Ken Combs; Delia
Leal, selected by Javier Leal; and Noemi
Santana, selected by Henry Santana.
CANDIDATES’ REMARKS:
Each candidate was allotted three minutes
to speak.
ELECTION OF BOARD OF DIRECTORS:
Torres explained the voting rules and gave
instructions on how to mark the ballots.
Torres instructed that the ballots, upon
completion, be passed to the election tellers
for collection. Election results would be
announced as soon as they became available.
Nine cash prizes for $150 were awarded.
APPROVAL OF MINUTES:
Javier Leal, Secretary of the Board of
Directors, referred everyone to the Minutes
printed in their entirety.
MOTION TO APPROVE MINUTES:
Motion by AARON BONDS seconded by
ELAINE BRUNDRETT to approve the minutes
as presented. MOTION CARRIED.
CHAIRPERSON’S REPORT:
Hinojosa stated, “The Chairperson gets
to do a lot of different things during the
period that one serves on the Board, and my
remarks have to do with the people that are
involved with the credit union beginning
with leadership, the Board. I would like the
membership to know that we’re fortunate
to have excellent directors and I express
my thanks to each and every one of them
because they make the job not only easier
but more effective. The credit union is doing
very well and it has to do not only with the
directors, but with the leadership of the
management team who know their business
and help to guide the rest of us in the right
direction to make sure that our credit union
continues to be successful. Among that other
group are the employees, people who serve
different functions in the credit union and
provide services to our membership. Mr.
Bonds hit it on the nail in his speech because
I think the way he does. Attitude is extremely
important, we’re here to provide the best we
can, that’s the way it has to be if we can do that
then we will have a successful credit union.
Our employees are great and we try to do the
best we can by them because they work hard
to do the best they can for you our members
and then, of course, the people who bring
home the money, that’s you, the members
of the credit union whether you bring ten,
one thousand or ten thousand dollars, the
money that is being brought, the loans that
are being made it all stays within the family;
everyone of us has an opportunity to benefit
from the activities of the people who are
involved with our credit union and so my
personal thanks to you, to my colleagues
and certainly to Gina, President of the Credit
Union, because it takes a lot to educate all of
us. Thank you for all that you have done and
hopefully we’ll continue to do that.”
Nine cash prizes for $150 were awarded.
AUDIT COMMITTEE REPORT:
Hinojosa referred everyone to the Statement
of Financial Condition and Statement of
Income and Expenses that will be posted as
part of the 2011 Annual Report found on the
CCATCU website (www.ccatcu.com).
SCHOLARSHIP COMMITTEE:
Dr. Jose Cavazos, Chairperson of the
Scholarship Committee, introduced the
members of the Scholarship Advisory
Committee: Margaret Deville, Frances
Garza, Sheila Mulligan, Manuel Narvaez,
Elvia Navarre, Dr. Rebecca Palacios and
Ignacio Ramos. Cavazos stated that the
2011-2012 Scholarship Committee consisted
of the Board of Directors. Six scholarships
were awarded as evidence of the Credit
Union’s on-going promotion and support
of higher education. The Scholarship
Committee reviewed seventy applications
before selecting six winners. The recipients
of CCATCU’s 2011-2012 scholarships were
Alby Cartwright, Kimberly Cueva, Danielle
Hernandez, Ana Valdes, Linsey Fordyce, and
Michelle Medina. Cavazos congratulated all of
the scholarship recipients and wished them
the best of luck in their future endeavors.
Cavazos also stated that the applications for
the 2012-2013 scholarships were due at the
Credit Union by March 30th of this year. The
early deadline allowed us to announce the
winners prior to the high school winners

possibly leaving for school. We wanted to
honor these special individuals with special
recognition. The Scholarship Committee
awarded the six $1,000 scholarships in the
following categories: four awards to high
school graduates (including GED students)
planning to attend a college, university or
trade school and two awards to students
working toward their undergraduate
degree. The announcement of the recipients
will be in our next quarterly newsletter
and posted on our website. Cavazos wished
them good luck in pursuing their college
education.
Nine cash prizes for $150 were awarded.
PRESIDENT’S REPORT:
Prince reported, “You, our members, are the
reason we remain safe, solid and strong.
Our staff is a great asset to this institution,
without them we would not be able to
provide the service day in and day out for our
members. Our Board of Directors play a vital
role with the current rate environment and
economic times – one that we have not had
to endure ever, your Board of Directors listen
and they proact to keep us competitive in
this ever changing industry. Our loans in
2011 grew 33% or $36.7 million. Your credit
union was available for those members that
needed funds to finance a car, a home or that
unexpected expense. Our assets exceeded
$200 million in 2011, an unprecedented event
for our credit union. Our membership
grew to exceed 36,900 members. Deposits
reached $188,673,112 which was a growth of
15% or $24.6 million. A sign that our members
continue to feel certain this credit union is a
safe depository for their funds. Our money
market accounts had the most growth
during 2011 as members do not want to tie
their funds for long periods, especially in
this rate environment. During 2011, CCATCU
paid back to our members $1.7 million which
was 13% of 2011 revenue earned. Please
take time to review the Chairperson’s and
President’s report in its entirety. This report
can be found in the annual report that you
were given tonight or on-line throughout
the remainder of the year at www.ccatcu.
com. Now let’s take a look at your annual
report you were given this evening. Many
of you may be asking what is with the bar
codes on the report – this technology has
been around for numerous years, however,
it is now an evolving marketing tool. This
is referred to as a QR Code (Quick Response
Code). It’s popular because of it’s fast
readability and large storage capacity. It
was invented by Toyota in 1994 to track
vehicle manufacturing processes. Utilized
with a smart phone and a QR Reader, you
can scan the image and it will take you to
certain sites. Prince referred the crowd
to the QR Code on the report and general
discussion followed.” Prince continued with
a FOCUS Foundation update informing the
crowd that staff had over a 1,345 hours of
community service. It was noted that for
the 2012 academic year, there have been over
600 Readers enrolled in our Raskal Readers
program. Information about Howdy Daze
on April 28, 2012 was shared. In closing,
Prince stated “We know you have choices
when you decide on where to transact
your business. We appreciate your business
and thank you for being our member. Now
your marketing homework is to go out
and spread the word about the great rates
received, the great service you received
and encourage individuals to become an
accountholder of this credit union. In an
effort to always consider member service
improvement, we are converting our credit
and debit card programs – please review
the information when you receive it as you
will receive replacement cards on both
programs.” Prince explained the advantages
of the conversion. Prince concluded by
saying, “All of these things are benefits of
being a Coastal Community And Teachers
Credit Union member”.
CREDIT UNION REPRESENTATIVE
RECOGNITIONS:
De Leon recognized the Credit Union
Representatives, a special group of
individuals who help promote the Credit
Union in schools and organizations. A pin
is designated to honor these individuals for
the years of service they have given. For three
years of service: Mike Banda, Melissa Castro,
Emma Ceja, Ruth David, Joel Gonzales, Roby
Gonzales, Ginny Moore, and Diana Obrien;
for five years of service: Maria Benson, Kathy
Boyd-Wemer, Bertha Burns, Elvira Hoyle,
Annette Leal, Raul Munoz, Freddy Ortiz,and
Mindy Trevino; for ten years of service:
Norma Reyna; and for fifteen years of
service: Melodie McClarren. De Leon thanked
all the Credit Union Representatives for
their dedication to the Credit Union.
STAFF RECOGNITIONS:
The following employees received an award
for Perfect Attendance: for six consecutive
years: Janet Yarbrough; for four consecutive
years: Lou Iles; for three consecutive years:
Leanne Mulholland; for 2011: Rosanne De
Leon, Laura Orosco, Julie Maxwell, and Gina
Prince. De Leon congratulated them for
their time management and dedication.
The following employees received a pin in
recognition of their years of service: for
three years: Charles Todd Benson, Emiliano
Carlos, Jr., Judith Martinez, Laura Orosco,
Stephanie Prado, Odilia Villegas, and Belia
Silva; for five years: Andrea Leal, Christina
Lopez, Amanda Marroquin, Lisa Marroquin,
Carolyn Onwiler, Christina Reyna, and Toni
Vos; for fifteen years: Audrey Lyons; for
twenty years: Earnestine Bartosch; and for
twenty-five years: Barbara Smart. De Leon
thanked them for their dedication to the
Credit Union.
De Leon also recognized the Employee of the
Quarter, 2011 recipients: Kimberly Candelaria,
Emiliano Carlos, Taneca Scott, and Edward
Rivas. Taneca Scott was announced as
Employee of the Year. She also recognized all
the previous Employees of the Year.
De Leon reported that staff was involved in
numerous community events during 2011.
She recognized the employees who went
above and beyond with their “extra time and
effort”: Lucinda Iles was announced as the
Employee Volunteer of the Year.
De Leon also recognized an employee who
retired in 2011: Barbara Dawson.
De Leon introduced the Credit Union
Management: Rosie Botello, VP-Member
Services and Product Development; Sara
Garza, VP-Accounting; Leanne Mulholland,
VP-Teller/Branch Operations; Theresa Wiles,
VP-Lending; Janet Yarbrough, VP-Human
Resources; and Gina Prince, President/CEO.
Nine cash prizes for $150 were awarded.
UNFINISHED BUSINESS:
Hinojosa asked for any items of unfinished
business. There was none.
NEW BUSINESS:
Hinojosa asked for any new business. There
was none.
ELECTION RESULTS:
Hinojosa announced the election results
as follows: Benito Barrera – 43 votes; Aaron
Bonds – 103 votes; Ken Combs – 134 votes;
Javier Leal – 166 votes; and Judge Henry
Santana – 190 votes. The three candidates
who received the most votes and therefore
elected to the Board were: Judge Henry
Santana, Javier Leal, and Ken Combs. He
also announced that all the ballots cast will
be kept at the Credit Union for thirty days
before being destroyed and he thanked each
candidate for participating.
MOTION TO ACCEPT ELECTION RESULTS:
Motion by ELAINE BRUNDRETT seconded
by REBECCA GROSS to accept the election
results as presented. MOTION CARRIED.
The last $300 grand prize winner was announced
and awarded.
Hinojosa thanked everyone for attending
the meeting.
ADJOURNMENT:
The meeting adjourned at 8:41 p.m.

BOARD OF DIRECTORS TERM EXPIRES
Arturo Delgado, Chairperson 2013
Judge Henry A. Santana, Vice-Chairperson 2015
Ken Combs, Secretary 2015
Javier Leal, Treasurer 2015
Dr. Jose Cavazos, Jr., Parliamentarian 2013
Dr. Lynda De Leon 2014
Dr. Tony C. Diaz 2013
Dr. David Hinojosa 2014
Eduardo Torres 2014
Balarin, Monica
Canales, Sherri
De La Garza, Elizabeth
Jenkins, Patricia
Kearney, Natalie
Adams, Lisa
Adams, Toni
Aguirre, Edward
Arevalo, Andrea
Arnold, Nora
Avalos, Pamela
Barnett, Matthew
Bartosch, Ernestine
Bazan, Melissa
Benson, Charles
Candelaria, Kimberly
Cantu, Mary Lou
Cantu, Norma
Carlos, Verenice
Deleon, Gracie
Deleon, Rosanne
Delgado, Delma
Devlin, Valerie
Figueroa, Brenda
Flores, Desiree
Fuentes-Saenz, Esparanza
Garcia, Angela
Garza, Hailie
Gross, Rebecca
Officers
Harrell, Sondra • Prado, Stephanie • Tapia, Wendy
Supervisors
Longoria, Yolanda
Marroquin, Lisa
Martinez, Judith
Ochoa, Diana
Orosco, Laura
2012 Employees
Guajardo, Joe
Hellmann, Diane
Hernandez, Evelin
Iles, Lucinda
Jackson, Lyndsay
Leal, Andrea
Longoria, Amanda
Lopez, Christina
Lopez, Lorenda
Lyons, Audrey
Marines, Judith
Marroquin, Amanda
Martinez, Leslie
Martinez, Maria
Maxwell, Julie
Mills, Candice
Morin, Ester
Navarre, Elvia
Negron, Maria
Olmeda, Melissa
Onwiler, Carolyn
Perez, Adriana
Perez, Magdalena
Phelps, Marcelline
CREDIT UNION PERSONNEL
President
Prince, Gina K., CCUE, CCUFC
Vice Presidents
Botello, Rosa Linda
Garza, Sara
Mulholland, Leanne, CCUFC
Wiles, Theresa
Yarbrough, Janet, CCUE
Pacheco, Roxanne
Reyna, Christina
Silva, Belia
Spears, Lavonne
Stapurewicz, Severa
Ramirez III, Rodolfo
Ramirez, Dustin
Rice, Kathy
Rivas, Edward
Salinas, Elena
Salinas, Sylvia
Sanchez, Andree
San Miguel, Sally
Santos, Annabelle
Scott-Stovall, Taneca
Simmons, Maria
Tillman, Michelle
Torres, Monica
Vasquez Jr., Librado
Vega, Denise
Vela II, Damaso Robert
Vera, Alma
Villegas, Odilia
Vos, Toni
Wells, Sandra
Ybanez, Gina
Zipprian, Kayla