Board Meeting Agenda 

March 20th , 2024

CALL TO ORDER

ROLL CALL  

BOARD OF DIRECTORS

• Dianne Brown; Chair 
• Lucy Sedillo; 1st Vice Chair
• Irene Serna; 2nd Vice Chair
• Cynthia Borrego; Secretary/Treasurer
• Mark Sanchez; Director
• Susan Biernacki; Director
• Dan Mayfield; Director

SUPERVISORY COMMITTEE

• Patty French; Chair
• Lisa Wilson; Member 
• Vacancy

RGCU MANAGEMENT

• Christine Dawe; Interim CEO/CFO 
• Carina Small; Executive Support Manager 

SPECIAL GUEST

• Catalyst Corporate 

APPROVAL OF AGENDA
 
APPROVAL OF MINUTES  

• February Board Minutes 
   

APPROVAL OF CONSENT AGENDA

Review and approval for Rio Grande Credit Union of: 

Membership and Accounts:

• Total current membership: 47,346 (MCIF Report)
• New Accounts (Symitar): 426 New Accounts
• Closed Accounts (Symitar): 273 Accounts
• New CDs (Symitar): 485
• Closed CDs (Symitar): 275

Loans:

• New Loans:
  • Mortgage: 12 $2,089,350
  • Commercial: 0
  • Consumer: $2,503,160.83
  • Indirect: $2,107,509.75
  • Servion Mortgage: 1 sold to Servion $100,000
• Closed Loans: 418
• Withdrawn Loans: 85
• Denied Loans: 9
• Extensions: 0
• Exceptions: 35

Regulatory Reporting:

• Suspicious Activity Reports (SARS): 4
• Currency Transaction Reports (CTR’s): 61

Financials:

• Total Assets: $616,605,227
• Net Income: ($178,398)
• Allowance for Loan and Lease Loss ($3,974,241)
• Charge Off Recommendation  
  • Loans $462,256.95
  • Shares $33,493.11
• Financial Statements:
  • Balance Sheet   
  • Statement of Income and Expense  
  • Bank Balances 
• 13-month Comparison

Consumer Reports:

• Loan Committee
• Credit Relations Report   
• Lending Reports:
  • Consumer Lending Report  
  •  Indirect Lending Report  
  • Payments Report  (provided once a quarter)

NEW BUSINESS

• No New Business 

ACTION ITEMS 

• NCUA-FID DOR Responses, March Updates
• CEO/CFO Recruitment
  • Recruitment Strategy Agreement
  • Executive Recruitment Proposal
  • CEO/CFO Proposal 
  • CEO Recruiting Firms Matrix 
• Digital Platform Memo
• RGCU 457(B) CUNA Matrix Trust Custodial Account Agreement

UNFINISHED BUSINESS

• No unfinished business 

COMMITTEE REPORTS 

• Supervisory Committee Meeting 
• A. General Business 
  • Last meeting: March 18th, 2024
  • Supervisory Committee Charter
  • Volunteer Confidentiality Agreement Document
  • Next Meeting: April 15th, 2024
• ALCO Committee Meeting - 
  • Did not meet in December due to the on-going project with Symitar and Wisdom 
• Policy Committee Meeting -   
  • March Policy Minutes 2024 
• Selection Committee

SENIOR MANAGEMENT REPORTS 

• Consumer Lending Report  
• Risk Management Report   
• Member Operations Report  
• CIO Report  
• Interim CFO/ CEO Report

Executive Session
 

IMPORTANT DATES

• Annual Meeting Saturday April 27th 2024, 10am

Adjournment