Issue link: https://read.dmtmag.com/i/192534
Acting National President's Report – Sept. 2013 Activities and involvements since June 7, 2013 • Accepted duties of acting national president/delegated business operations to EVP. • aily updates or meetings (through technology or in person) D with staff and EVP. • ollaborations on management decisions like staffing and C processes. • Re-activated Court 449 in Mankato, MN. • id court visits to multiple Minnesota courts, as well as D McHenry, IL; Cedar Lake, IN; Green Bay Association, Madison and Muscoda, WI. • orking on dates to meet with other courts in MN, IL, WI, IA, W MI, and OR. • orking to encourage courts to remain open . W • alled a special board meeting to work on constitution C revisions as requested by 2010 delegates. • nitiated search for a fraternal director. I Board went into a closed session. Meeting recessed at 6:00 p.m. Thursday, September 19, 2013 The September quarterly meeting of the Board of Directors of the National Catholic Society of Foresters was called to order by Acting National President Margaret Schmitt on Thursday, September 19, 2013 at 8:45 a.m. – all members of the Board were present, except National Director Carol Clauson. The meeting opened with a prayer followed by the Pledge of Allegiance of the Flag of the United States. Executive Vice President's Report • Employee appreciation day. • Introduced our new marketing brand: Serenity Solutions. • inal testing being done on our new product. F • onation to Alzheimer's Association. D • Hiring Karen Kruger as fraternal coordinator. • Employee reviews completed. • ecured Joe Annotti as the keynote speaker at our national S convention. • ecured Father Fred as our spiritual advisor. S • Working on improving sales, fraternal, product development, building our field force with committed and loyal agents. • mproving our IT reports. I Executive Vice President Jay Schenk introduced Father Fred Licciardi, C.PP.S., Associate Pastor of St. Raymond Parish in Mount Prospect, IL. Motion by National Director Linda Ortiz and seconded by National Director Catherine Hensel that Fr. Fred Licciardi be designated as the spiritual director of the Society with a stipend of $500 per quarter. Motion passed 9 – Yes. Jon Mocol's Report – Accounting Department Re: NCSF 2013 2nd quarter statutory statement highlights and operational events for the six month period ending June 30. Overall Comments: The second quarter's results were released to the regulators on August 15, 2013. Good News • ales increased to $13,449,258 from $6,054,771 S which was a 122.13% increase. • Excellent surplus position at June 30, 2013; solvency ratio = 109.03%. • otal refunds to members $168,596 which reflects the T Board's declaration for 2013. Reasons behind the Results: The sales increased for the period on the annuity sales, but we still need to work on the life sales. There was a tremendous cost in developing the new products that affects the net income right away. We also saw a large jump in the commissions due to the fact that there was a lot of first year premium. The expenses for the building saw a substantial decrease due to the fact that the national treasurer pursued a property tax reduction, which resulted in a savings of over $80,000 annually. Operations' Report • inalized Illinois state examiners report. F • New product development. • Review all balance sheet accounts. • orking on updating and testing all accounting procedures. W Motion by National Director Linda Ortiz and seconded by National Director Loretta Nelson, that the Board of Directors declares a dividend in the amount of $375,000 to be paid in the year 2014 on participating life insurance in force with active dividend tables as of December 31, 2013. Motion passed 9–Yes. The Board had a discussion of the hiring process and candidate search for a controller/finance director or similar senior financial officer. Interviews will be handled with input from SOI, the Society's professional employer organization. Administrative Assistant Rosemary Holland presented the figures and participation in the Hearts and Hands projects, junior activities, communication grant recipients, and religious life education fund. continued on page 14 Fall 2013 — www.ncsf.com 13