Page 4 - Peach State FCU 2019 Annual Report

NOMINATING COMMITTEE REPORT
In accordance with Peach State’s bylaws, the 2019 Nominating Committee, consisting of Dr. Linda Anderson, Robert Bradford and Paul Wesley, respectfully submit the following names for nomination at the Annual Meeting on April 21, 2020: Jennifer Houston (3-yr. term), Dr. Stas Preczewski (3-yr. term) and Dr. James Washington (3-yr. term).
Jennifer Houston (incumbent) – Three-year term. Jennifer joined Peach State’s Board of Directors in 2019. She is currently the Assistant Superintendent for Business Services at the Barrow County Board of Education. She is a CPA and experienced Accounting Manager with more than 10 years of experience. Previously, Jennifer served on Peach State’s Supervisory Committee for three years.
Dr. Stas Preczewski (incumbent) – Three-year term. Stas is the President at Riverside Military Academy. He holds a Doctorate in higher education, Bachelor’s and Master’s degrees in engineering, and a Master’s degree in National Security Strategy and Planning from the United States Naval War College. Stas has been a Board member since 2012.
Dr. James Washington (incumbent) – Three-year term. James has been the Senior Pastor of New Grove Baptist Church in Winterville, GA since 1980. He holds a doctorate in Adult Education from the University of Georgia as well as a Master of Education from Southern Baptist Theological Seminary in Louisville, Kentucky. James has been a Peach State Board member since 2012 following the merger of Clarke Community FCU with Peach State.
— Robert Bradford, Chairman
SUPERVISORY COMMITTEE REPORT
The Supervisory Committee continued meeting on a quarterly basis during 2019 to review Peach State’s annual NCUA regulatory exam as well as the credit union’s compliance and audit reports. Members of the executive team attended the quarterly meetings and provided the Committee with updates regarding any additional compliance and regulatory topics.
Peach State continued to use Wipfli/PKM, Certified Public Accountants, to complete the “Independent Auditor’s Report on the Consolidated Financial Statements” which can be found in this report (additional copies are available upon request). Wipfli/ PKM also performs periodic compliance reviews and our newly formed Internal Audit Department performs reviews on a monthly basis. The results are shared with the Supervisory Committee. These interim audits assess the credit union‘s policy and regulatory compliance in areas including accounting, file maintenance, loan processing, account reconciliations, security, and risk management.
The results of the audits and exam confirm that Peach State continues to operate in a safe and sound manner, and remains fully compliant with NCUA and other government regulatory requirements. It is clear that Peach State‘s management, staff and volunteers continue to diligently work to achieve excellent financial results, and provide our member-owners with exceptional financial products and services.
— David Welden, Chairman
BOARD OF DIRECTORS
Dr. Keith Everson, Chairman
Dr. Linda Anderson, Vice Chairman Robert Bradford, Secretary/Treasurer Jennifer Houston
Dr. Stas Preczewski
Dr. James Washington
David Welden
Paul Wesley
Kay Yetter
SUPERVISORY COMMITTEE
David Welden, Chairman Dr. Judy Forbes Charlotte Gilman
Lenzy Reid
DIRECTORS EMERITUS
Dr. Brooks Coleman Dr. Frances Davis Rick Davis