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CEO ROUNDTABLECOOPERATIVE INVESTMENTS: DRIVING A COMMUNITY TO BE OPPORTUNITY FOCUSED
November 7, 2012at the Frederik Meijer Gardens & Sculpture Park Welcome!
Your Board of Directors...
Chris Butler
David Wright
Dean Wilson
Don Mills
JeffJorgensen
VickieSchmitzer
ScottMcFarland
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A Hint on This Year’s Numbers
Declared 2012 Patronage Dividends:$ 700,000 Standard Patronage Dividend$ 800,000 Bonus Patronage Dividend
$1,500,000Year #3 for a Bonus Patronage Dividend: is this becoming an annual tradition?
Projected Stock Dividend: 4.45% Projected Increase in Stock Equity: 19%+ Projected Stock Price: $180,000 per owner share
These are all projections and should be finalized by December based on our CPA’s work...then look for a check!
THE BOARD’S INSTRUCTIONS TO OUR CPA FOR CLOSING THE YEAR
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It’s Been a Great Year...
In August, the BOD approved the 2013 Business Plan and Budget This marked the end of our 2013 Planning Session, and now we’re on
to executing the plan – our new year started 10/1/2012 Today’s event is the first in our planning season for 2014
There are many more events planned for 2013, as part of our 2014 planning season – from our Board meetings to focus groups to all of our credit union education – it will be a full year
The next major event is our Leadership Conference (June 18-20, 2013 – mark your calendars!)
We truly appreciate your participation, and respect your dedication in leading this cooperative
...NOW ON TO 2013!
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Today’s Agenda
Morning (9:00-12:20) 9:15 Introduction
Cooperative Investments: Driving a Community to be Opportunity Focused (Randy Karnes)
9:30 CU*Answers Innovator Investment & Grant Program: Your 2012 Finalists Presentations from our 4 finalists 10 minute break after each for group
discussion and networking 12:20 Lunch
Submit your questions by 1:00!!
Afternoon (1:15-3:00) 1:15 II&G Program Wrap-up
Update from one of our finalists from last year
1:30 Q&A with Jack Antonini Insights on studying opportunities,
fostering projects, and pushing investment in opportunity
2:30 Wrap-Up
Now introducing today’s facilitator...Randy K
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Thanks to All of the Participants
David JezewskiCommunity Star CU
Annie Lepper Superior Choice CUU
Kevin FinneranDetroit Metropolitan CU
Kristy PelleSpokane Media FCU
Jenny Bickel Frankenmuth CU
Chris Butler Community CU
Charles Papenfus Inland Valley FCU(2 ideas submitted)
Renee Maeder Best Advantage CU(2 ideas submitted)
Lisa ToheyGrand Rapids Family CU
= SEMI-FINALIST
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Our Finalists
Time Idea Presented by
9:30 Mobile Branch Charles PapenfusInland Valley FCU
10:05 Break / Group Discussion / Networking
10:25 Field of Dreams Jenny BickelFrankenmuth CU
11:00 Break / Group Discussion / Networking
11:10 Flix in the Sticks Renee MaederBest Advantage CU
11:35 Break / Group Discussion / Networking
11:45 The Great Debt Pay Down Annie LepperSuperior Choice CU
IN PRESENTATION ORDER (RANDOMLY PLACED)
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Hearing From Our Finalists
Presentation and Q&A35 minutes Each finalist will have a total of 35
minutes to present his or her idea Includes time to field questions from
the group (we’ll pass around the microphone)
Determining the Winner(s) Ballot data collected today will be presented to the CU*Answers Board of
Directors for consideration The Board will make its final decision and announce the awards no later than
January 31, 2013
HERE’S HOW THE MORNING WILL GO...
Group Discussions10 minutes Between each finalist presentation,
we’ll take a 10 minute break for refreshments
Discuss the idea amongst yourselves...at your table or with any other group!
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Is this a good business for the network to invest its money?
If it’s not really a business per se, is it still a good idea? Something that is worthy of our financial support?
Is this a repeatable business that could potentially be implemented in your community, by other credit unions or network partners?
Thinking as a venture capitalist, would you invest your own money in this idea?
What to Listen ForMARK YOUR BALLOT WHILE YOU LISTEN
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