Board Meeting Agenda 

September 27th, 2023

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

SENIOR MANAGEMENT

• Mike Athens; President / CEO
• Maria Shrake; Chief Financial Officer
• Paige Akers; VP of Risk Management & Compliance
• Lily Currin;  Senior VP of Human Resources
• Jeff Cain; VP of Marketing
• Erin Gomez; VP of Specialty Services
• Tia Sabawi; VP of Consumer Lending 
• April Bradshaw; VP of Member Operations 
• Melvin Lee, Chief Information Officer 

APPROVAL OF AGENDA 
APPROVAL OF MINUTES  

• August 2023 Board Meeting Minutes

APPROVAL OF CONSENT AGENDA

Review and approval for Rio Grande Credit Union of: 

• Financial Statements 
• 13-month Comparison
• Loan Committee
• Loan Charge-Offs
• Share / Courtesy Pay Charge-offs
• Credit Relations Reports
• Lending Reports:
  • Consumer Report
  • Indirect Report

SPECIAL GUEST

• No special guest this month 

NEW BUSINESS

• Approval of minutes from the special meeting with JAG on September 8th, 2023

  • Meeting Minutes September 8th, 2023
  • Financial Statement December 2022 and 2021 - Final 
  • Communication with those charged with Governance 
  • Internal Control Letter 

ACTION ITEMS 

• Charge Off Extension - presented by Tia Sabawi, Vice President of Consumer Lending
• Request for Lisa Wilson to attend the Governmental Affairs Conference March 3rd -7th 2024 
• Resolution for Catalyst FCU presented by Mike Athens, Chief Executive Officer 
• Supervisory Committee applicant review and vote
  • Marsha Sanchez
  • John Vigil
  • Kenneth Baca 
• June Minutes - amendment to the June minutes to encompass a discussion that was initially omitted. Presented by Cynthia Borrego, Secretary/Treasurer 
  • The discussion to be included is as follows: The Supervisory Committee discussed in detail with the board the JDS memo dated May 19^th, 2023.  The Board asked detailed questions regarding the accounting and losses
• July Minutes - amendment to the July minutes to encompass a discussion that was initially omitted.  Presented by Cynthia Borrego, Secretary/Treasurer 
  • The discussion to be included is as follows: The board asked detailed questions to the CEO and CFO regarding the accounting and losses. 

UNFINISHED BUSINESS

• No unfinished business 

COMMITTEE REPORTS 

• Supervisory Committee Meeting 
• A. General Business 
  • 1. Last meeting: September 12th, 2023 
  • Supervisory Committee August Minutes, 2023 
  • Supervisory Committee September Agenda
  • General Ledger Reconciliation by JDS
  • Timeline of Events - JAG Financial audit, as of 9/23
  • Next Meeting:  October 12th, 2023 
• ALCO Committee Meeting - September 27th  
  • ALCO Minutes August 2023 
  • Portfolio Mortgage Rate Change 8.22.23
  • Portfolio Mortgage Rate Change 8.29.23
  • Commercial Construction Rate Change 8.24.23
  • Auto, Motorcycle, RV/Boat and Signature Loan Rate Change 10.1.2023
  • Pops Fees Recommendations 
• Policy Committee Meeting - September 20th    
  • September Policy Minutes 2023
• Selection Committee

SENIOR MANAGEMENT REPORTS 

• Consumer Lending Report 
• Risk & Compliance Management Report 
• Specialty Service Report
  • Mortgage Credit Migration
  • Mortgage Static Pool 
• Marketing Report 
• Human Resources Report
• Member Operations Report
• CIO Report
• CFO Report 
  • Operating Budget Performance
  • Timeline and Planning Document
  • ALLL- N/A
• President / CEO Report
  • 2Q23 Strategic Planning Scorecard and Plan 

IMPORTANT DATES

• Catholic Charities St. Nicholas Ball
  • Saturday November 4th 2023 at Sandia Casino & Resort  
• Budget Meeting – December 2nd 2023 at Emerald 7:30-1:00pm 
• Governmental Affairs Conference - March 3rd -7th, 2024 Washington DC

Adjournment