1. 22 nd CUMA Annual General Meeting Where Credit Union Managers Connect Monday September 19 th, 2005

2. 22 nd AGM Agenda Treasurer’s Report By-law Amendments Election of Directors New Business Q & A Adjournment Call to Order Adoption of Agenda Report on Registration Minutes of 21 st AGM Business Arising from Minutes Report of the Board of Directors

3. 2005 CUMA Board Report Past, Present, Future… Chair of the CUMA Board Denis Empringham

4. You told us… More work less play More workshops Utilize experience & knowledge from credit union leaders Less structure during free time

5. Changes in 2005 No CUMA golf tournament More workshops offering more diverse subject choices Less time allocated to formal social activities New sponsorship programme

6. New Sponsorship Program 1 Platinum Conference Partner 5 Gold Sponsors 6 Silver Sponsors 9 Bronze Sponsors

7. Preferred Board Composition Representation From the following: –at least 2 CUs under $250m –at least 2 CUs over $250m –at least 1 CU over $750m –at least 1 non-affiliate CU –at least 1 under 36 years of age –Based on skill sets not just CEOs

8. Industry Initiatives 2004/05 Charitable Foundation $4,345 Co-sponsored WOCCU Young Credit Union Professional Scholarship Program Co-sponsor of the CUMA Manager of the Year Award CUCO Annual PD Day Program Host of Concentra 25 Year Recognition Host of CUSource CUIC Designation

9. 2004 Treasurer’s Report Balance Sheet Total Assets have ↓ $40,000 from 2003 –Loss of $30,000 + decrease of cash and accounts payable. Receivables of $34,000 collected in 2005 O/D at CUCO corrected in Jan/05

10. 2004 Treasurer’s Report Statement of Income 2004 Conference posted loss of $21,250 –Equates to 24 additional member delegates Membership Dues ↓ $2,500

11. 2004 Treasurer’s Report Association = $ [9,267) Conference =$ [21,247] Total Loss = $ [30,514]

12. 2004 Treasurer’s Report ? ? Questions ? ?

13. 2005 CUMA Election of Directors 2 - 3 year terms 1 - 2 year term

14. 2005 CUMA AGM NEW BUSINESS? You tell us! Q & A’s?