Credit Union Annual General Meeting Report

64th ANNUAL GENERAL MEETING

Credit Union Prayer Lord, make me an instrument of Thy peace: Where there is hatred, let me sow love; Where there is injury, pardon; Where there is doubt, faith; Where there is despair, hope; Where there is darkness, light; and Where there is sadness, joy.

O Divine Master, grant that I may not so much seek To be consoled as to console; To be understood as to understand; To be loved as to love; For it is in giving that we receive; It is in pardoning that we are pardoned; And it is in dying that we are born to eternal life.

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MPCU – A LEADER IN TOBAGO’S FINANCIAL SECTOR

CONTENTS NOTICE OF 64TH ANNUAL GENERAL MEETING ………………………………………………

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STANDING ORDERS ………………………………………………………………………………………………

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MINUTES: Special General Meeting ………………………………………………………………………………

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63rd Annual General Meeting ………………………………………………………………………

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REPORT: Board of Directors …………………………………………………………………………………………

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STAFF ………………………………………………………………………………………………………………………

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REPORTS: Credit Committee ……………………………………………………………………………………………

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Supervisory Committee …………………………………………………………………………………

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Education Committee ……………………………………………………………………………………

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FINANCIAL STATEMENTS:

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Mt. Pleasant Credit Union ………………………………………………………………………………

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Total Holdings Limited ……………………………………………………………………………………

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Mt. Pleasant Credit Union & Its Subsidiary Total Holdings Limited …………

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RESOLUTIONS FOR THE 64TH ANNUAL GENERAL MEETING ………………………

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OPERATING BUDGET 20234…………………………………………………………………………………

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PEARLS RATIO ANALYSIS ……………………………………………………………………………………

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64th ANNUAL GENERAL MEETING

64TH ANNUAL GENERAL MEETING

NOTICE

Notice is hereby given that the 64th ANNUAL GENERAL MEETING of the Mt. Pleasant Credit Union Cooperative Society Limited will be held in a hybrid format, with the in-person accommodation at Tobago Nutrition Co-operative Society Limited, Canaan, Tobago on Sunday 3rd December 2023, commencing at 3.00 p.m. with the following as its agenda: 1.

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National Anthem Credit Union Prayer and Invocation Presidents Welcome and Opening Remarks Reading of Notice convening the 64th Annual General Meeting Adoption of Standing Orders Confirmation of Minutes of 63rd Annual General Meeting Matters Arising Reports a) Board of Directors b) Credit Committee c) Supervisory Committee d) Education Committee e) Nomination Committee Financials a) Auditor’s Report b) Report on Financial Statements for the period ending December 31, 2022 Election of Officers a) Supervisory Committee b) Board of Directors c) Credit Committee Operating Budget Resolutions General Business Adjournment

By Order of the Board of Directors

Monique Timothy SECRETARY

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MPCU – A LEADER IN TOBAGO’S FINANCIAL SECTOR

THE BOARD OF DIRECTORS

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Dr. Carlton Guy President

Mr. Julien Skeete Vice President

Ms. Monique Timothy Secretary

Mrs. Cislyn James Assistant Secretary

Dr. Winford James Director

Mrs. Achi-Kemba Phillips-Gardiner Director

Mrs. Akilah Kaiser Director

Mr Herbert De Lancy Director

Mr. Nicholas Mc Kenna Director

64th ANNUAL GENERAL MEETING

REPORT BOARD OF DIRECTORS 1.

INTRODUCTION 1.1.

2.

COMPOSITION OF THE BOARD 2.1.

2.2.

2.3.

3.

The Board of Directors takes this time to submit its Annual Report for the financial year ending December 31, 2022. The report highlights key developments which occurred during the period February 2022 (when the double AGM – the 61st and 62nd AGMs – was held to April 2023 (a month before the 63rd AGM).

The Board was comprised of: Dr. Carlton Guy Mr. Julien Skeete Ms. Monique Timothy Mrs. Cislyn James Dr. Winford James Mrs. Achi-Kemba Phillips-Gardiner Mrs. Akilah Kaiser Mr. Herbert DeLancy Mr. Nicholas McKenna

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President Vice President Secretary Assistant Secretary Director Director Director Director Director

The following members’ term ends at the 64th Annual General Meeting: Dr. Carlton Guy Mrs. Achi-Kemba Phillips-Gardiner Mrs. Akilah Kaiser

The following members’ term will end at the 65th Annual General Meeting: Mr. Julien Skeete Ms. Monique Timothy Ms. Cislyn James

MEETINGS 3.1.

During the reporting period February 2022 to April 2023, the Board held thirty-five (35) meetings, of which fifteen (15) were Statutory Board Meetings, three (3) were Executive meetings, sixteen (16) were Special meetings, and one (1) was in the category of ‘other meeting’.

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MPCU – A LEADER IN TOBAGO’S FINANCIAL SECTOR

STAFF MPCU – left to right: 1) Louis Charles, General Manager 2) Annette Lewis-Williams, Accountant 3) Judy Radgman, Marketing Supervisor 4) Beverly Crooks, Operations Supervisor 5) Lee-Ann Roberts, Credit Portfolio Officer I 6) Delle Paul-Alexander, Credit Portfolio Officer II 7) Stacey Sandy-Doyle, Administrative Assistant 8) Akeen Murphy, Administrative Assistant 9) Lamina Woods-Ollivierre, Credit Portfolio Officer I 10) Ornella Franklyn, Loans Clerk 11) Adarfi Solomon, Snr. Member Relations Officer II 12) Rowena Cadiz, MRO II 13) Akeisha Lewis, MRO II 14) Akiem Thomas, MRO I 15) Khadeah Cupid, MRO I 16) Kianna Armstrong, MRO I 17) Nikesha Agard, MRO I 18) Tessa Clarke, MRO I 19) Kerdesha Mitchell, Office Assistant 20) Terrencia Gordon, MRO I

TOTAL HOLDINGS LIMITED 21) Kimberley Hackett, Accounts Clerk (THL) 22) Roxanne Herbert, Administrative Assistant (THL) 23) Edris Ann-Marie Forde, Property Supervisor (THL)

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64th ANNUAL GENERAL MEETING

REPORT

Denzil White

Nicholas Mc Kenna

Anne RollocksBroome

Akilah Kaiser

CREDIT COMMITTEE Herbert De Lancy

The Credit Committee is appreciative of yet another opportunity to account to the esteemed membership of the Mt Pleasant Credit Union Cooperative Society Limited at this 64th Annual General Meeting regarding its performance. The Committee worked diligently in the interests of the members to assist in securing the society’s surplus of $6,455,662.00 for the period under consideration, and remains committed to advancing the society’s interests.

CONFIGURATION OF THE COMMITTEE

The Credit Committee comprised a five-member team with diverse skills, talents, education and training. These members were elected at the 63rd AGM and duly fulfilled their duties consistent with the Credit Union’s Bye Law, section 39. As such, the Committee met every Wednesday to assess loan applications and to grant the necessary approvals.

The members, their positions, and attendance at meetings are presented in the table below: Name

Position

Attendance to Meeting

Mr. Denzil White Mr. Nicholas Mc Kenna Mr. Herbert De Lancy Mrs. Anne Rollocks-Broome Mrs. Akilah Kaiser

Chairman Secretary Member Member Member

58 54 46 51 48

TRAINING

The Credit Committee has been privileged to receive training provided by the Cooperative Credit Union League of Trinidad and Tobago (CCULTT) and the Trinidad and Tobago Credit Union Deposit Insurance Fund (TTCUDIF). Some areas covered in these training sessions include, but are not limited to: the roles and functions of the Credit Committee, credit assessment, risk assessment, wealth and investment, and strategic leadership. The knowledge gained from these training sessions has

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Mt. Pleasant Credit Union Co-operative Society Limited

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