Inside - First Catholic Slovak Union

More documents

Recommendations

Info

PAGE 10 JEDNOTA, WEDNESDAY, MARCH 31, 2010 MINUTES OF THE DECEMBER QUARTERLY BOARD OF DIRECTORS MEETING OF THE FIRST CATHOLIC SLOVAK UNION OF THE USA AND CANADA SATURDAY, DECEMBER 19, 2009 HOME OFFICE INDEPENDENCE, OHIO Saturday, December 19, 2009 – meeting via conference call OPEN MEETING President Andrew Rajec called the meeting to order at 9:30 A.M. and asked Reverend Thomas A. Nasta, Chaplain, to offer the opening prayer. ROLL CALL The AT & T operator read the roll call with the following members present at the Home Office: Andrew M. Rajec, National President; Kenneth A. Arendt, Executive Secretary; and the following members were present over the phone: Rev. Thomas Nasta, National Chaplain; Andrew R. Harcar, Sr., National Vice President; George F. Matta, National Treasurer Karen M. Hunka, Chairman of Auditors; Susan M. Ondrejco, Fraternal Activities Director; Gary J. Matta, General Counsel; Joseph F. Minarovich, Regional Director, Region 1 Damian Nasta, Regional Director, Region 2; Carl Ungvarsky, Regional Director, Region 3; George Sprock, Regional Director, Region 4; Regis P. Brekosky, Regional Director, Region 5; Henry Hassay, Regional Director, Region 6; Rudolph Glogovsky, Regional Director, Region 7; Milos Mitro, Regional Director, Regions 8 & 9. READING OF THE CALL The Executive Secretary then read the Call to the December Quarterly Meeting. ACCEPTANCE OF THE MINUTES OF THE SEPTEMBER 2009 QUARTERLY BOARD OF DIRECTORS MEETING The President asked the Members of the Board of Directors to read the minutes before accepting them. PRESENTATION OF THE AGENDA The President presented the agenda for the December Meeting and asked for its acceptance. A motion was made by Damian Nasta and seconded by Milos Mitro to accept the agenda and allow the President to change the order of the agenda. Motion carried. AQS – ASSET MANAGEMENT, LLC. REPORT Larry White from AQS joined the Board of Directors meeting via telephone and presented the following agenda: - Portfolio metrics and distribution - Transactions - Projected Portfolio Cash Flows - Market Data Fed Fund Futures/FOMC Market Levels 10 year corporate bond spreads vs. treasuries - Corporate Bond Spreads 1yr and 10yr historical - The CIT Exchange – Impact and Results - Commentary A copy of his report was mailed to the Board of Directors prior to the meeting for review. Mr. White stated that any Board of Directors Member can join his Web-ex presentation. When Mr. White completed his presentation, he answered the questions of the Board of Directors. PRESIDENT’S REPORT Branches President Rajec stated that the Home Office employees are in the process of trying to get new Officers for Branches in need of them. He further stated that a few inactive Branches have been merged with active Branches. Branch mergers have been published in the Jednota. Editor The President noted that he appointed a new Editor for the Jednota newspaper effective January 2010. He stated that a ratification of this appointment from the Board of Directors will take place at the March 2010 Board of Directors Meeting. The President also stated that he and the newly appointed Editor visited the Printery in Middletown, PA. The new editor will spend a few days at the Printery meeting with our retiring editor, Mr. Anthony Sutherland, in order to have a smooth transition. Anna Sutherland agreed to stay as Editor for the <strong>Slovak</strong> section of the Jednota newspaper. Estates The President presented an update on the progress of painting, cleaning and fixup repairs of the Printery building in Middletown, PA. He stated that the jobs are almost completed and he was informed by the real-estate agent that he showed the Printery twice to potential lessees. Jednota Newspaper The President informed the Board of Directors that during his visit with Mr. Anthony Sutherland in Middletown, PA, he along with Mr. & Mrs. Sutherland and the newly appointed Editor, Mrs. Theresa Ivanec, visited the Susquehanna Printery in Ephrata, PA. Susquehanna Printery prints the Jednota newspaper. FINANCIAL REPORTS FOR THE THIRD QUARTER OF 2009 Executive Secretary’s Report Kenneth A. Arendt presented the Financial Report for the third quarter of 2009 and answered the Board Members’ questions. He stated that the Financial Report will be published in the Jednota newspaper. Key Bank Investments The Executive Secretary updated the Board of Directors on the Society’s investments with Key Bank. He stated that our rate of return exceeded our expectations. The Executive Secretary also reported on the activity we have with the Federal Home Loan Bank of Cincinnati and answered the Board’s questions. The Executive Secretary presented the 2010 Budget proposal. He stated that the 2010 Budget proposal was mailed to the Members of the Board of Directors prior to this meeting. A motion was made by Carl Ungvarsky and seconded by Rudolph Glogovsky to approve the proposed 2010 Budget as presented. Motion carried. MEMBERSHIP AND MARKETING The Vice President reviewed the Production Report by Districts for the third quarter of 2009 and the production to the date and answered the Board’s questions. He stated that we are in process of signing up more independent agents. Seminars The Vice President reported on seminars we had this year and stated that he is planning to set dates for seminars in 2010 within Branches and Districts. New Annuity Products The Vice President reported on our new Park Free Annuity product and also on the new Eight Year Annuity. The Eight Year Annuity will be introduced after the 1st of January 2010 with a bonus rate which will be determined at that time. The new Park Free Annuity is doing well and he will have a final report at the March 2010 Board of Directors Meeting. PRESENTATION OF STANDING COMMITTEE REPORTS Executive Committee The Executive Secretary gave a report on the Executive Committee. He stated that the Executive Committee met in accordance with the Bylaws and took whatever action necessary to take care of the Society’s business. Scholarship Committee The Executive Secretary gave a report on Scholarships. The applications for the FCSU scholarships were available to all eligible members and, once completed, will be presented to the Scholarship Committee. DIRECTOR OF FRATERNAL ACTIVIES REPORT Susan Ondrejco presented her written report. She updated the Board of Directors on the Bowling Tournament which will be held at Eastway Lanes, Erie, PA on April 30-May 02, 2010. The Fraternal Director also updated the Board on upcoming Golf tournament to be held on July 24 & 25, 2010 at Cedarbrook, Belle Vernon, PA. She further stated that she will be working on a package deal for both tournaments. She reported that there will be no joint events with the Sokols in 2010 because of scheduling problems. Joint events in 2011 are being considered. Susan Ondrejco also updated the Board of Directors on an upcoming Coloring Contest. continued on page 11
Minutes of the December Quarterly Board Jednota of 3/31/10 Directors Crossword continued from page 10 JEDNOTA, WEDNESDAY, MARCH 31, 2010 PAGE 11 Jednota Crossword Puzzle PuzzleJunction CHAIRMAN OF AUDITORS REPORT Across 1 2 3 4 5 6 7 8 9 10 11 Chairman of Auditors, Karen Hunka, presented Jednota her oral report 3/31/10 and Crossword answered Jednota the 3/31/10 Crossword PuzzleJunction.com Board’s questions. The Chairman stated in her report that the auditor’s 12 13 14 15 1 Indonesian examinations island were satisfactory. 5 Salad type Across 16 Across 1 2 3 4 17 1 52 63 74 8 918 5 10 6 11 7 8 9 10 9 Caress SUBSIDIARIES REPORT 12 Household appliance 19 20 12 21 22 13 14 1 12 Indonesian island 13 14 15 George Matta, President of the Jednota, Inc., gave a report on Building No. 1 2 Indonesian and stated island the Jednota, Inc. held a joint meeting with Jednota Properties, 13Inc. Canada on July 5neighbor 25, Salad 2009 type and 5 Salad type 16 23 17 1624 25 17 18 18 updated the Board of Directors on their joint meeting. 14 Adam’s 9grandson Caress 9 Caress 16 Seaweed 12 Household appliance 26 12 2719 Household 28 appliance 29 20 19 30 21 20 31 22 21 22 Regis Brekosky, President of Jednota Properties, Inc., presented 17 Calcedony his report 13and Canada answered neighbor 13 Canada neighbor 23 24 25 23 24 25 questions. He updated the Board on the ongoing negotiations 18 on Adjutant securing 14a new Adam’s lease grandson of 32 14 Adam’s grandson 33 34 35 36 37 one-half of Building # 2 with ACS. He will give a further update 19at Earlier the March 16 2010 Seaweed Annual 16 Seaweed 26 27 28 29 26 27 30 28 31 29 30 31 Board of Directors Meeting. 38 39 40 41 21 Editor 17 Calcedony 17 Calcedony 18 Adjutant 18 32 Adjutant 33 32 34 35 33 34 36 37 35 36 23 Whirlpool 42 43 44 45 Regis Brekosky informed the Board of Directors about the Jednota Properties, 19 Earlier Inc. teleconference meeting in November 2009. 21 Editor 21 Editor 19 Earlier 25 Malady 38 38 39 40 39 41 40 26 Her 46 47 48 49 Jednota 3/31/1023 Crossword Whirlpool 23 Whirlpool 42 43 44 42 43 45 44 PuzzleJunction.com 45 The reports of Jednota, Inc., and Jednota Properties, Inc., are 29informational Couturier 25 in Malady Christian nature. 50 25 51 Malady 52 53 54 55 31 Pinch 26 Her 26 Her 46 47 46 48 49 47 48 49 2010 CONVENTION 32 Artery Across 29 Couturier Christian 56 291 Couturier 2 3 Christian 4 57 58 59 60 61 50 5 51 6 52 7 8 9 53 10 11 50 51 52 53 54 55 54 55 The President reported to the Board of Directors that we secured 34 Extra the large dates 31 Pinch August 14 31 Pinch – 18, 2010 for the 49th Quadrennial Convention of the FCSU at 38the Box Renaissance seat 62 3212Artery 63 13 56 64 1465 57 15 132Indonesian Artery Hotel, 24 island 56 57 58 59 60 61 58 59 Public Square, Cleveland, Ohio, 44113. As soon as more detailed 39 Pride information 534Salad Extra becomes type large 34 Extra large 66 16 67 17 62 63 18 available, the Home Office will send it to the Board of Directors and to the delegates. 68 64 65 40 Toll 938Caress Box seat 38 62 Box seat 63 64 65 42 Linguist 1239Household Pride appliance 3919Pride 20 69 70 66 21 22 66 67 67 68 71 68 MISCLELLANEOUS 1340Canada Toll neighbor 40 Toll Several Members of the Board of Directors brought 45 up an Edible issue fruit Jednota 3/31/1042 Crossword Linguist 23 24 69 25 1442 concerning Adam’s Linguist grandson the 69 70 70 71 71 distribution of our Jednota newspaper to our members. The President 46 Hearing stated organ Copyright ©2010 puzzlejunction.com 1645 that Seaweed Edible the newspaper is third class mail and the U.S. Postal Service has 30 days 47to Genuine deliver it. 71 46 Hardy Hearing heroine organ 10 Novelist Loos Copyright 41 ©2010 Caustic puzzlejunction.com fruit 45 Edible fruit 26 27 28 29 30 31 1746He Calcedony Hearing stated that organ Copyright ©2010 puzzlejunction.com we are looking into different options to speed up the delivery of 49 the Singleton newspaper. 1847Adjutant Genuine Across 473271 Genuine Hardy heroine 33 11 1 710 Commotions 34 2Hardy Novelist 3 heroine 35 4Loos 105 41 43 Novelist 36 Caustic 6New 377 Loos Englander 8 941 10 Caus1 50 Straight 1949Earlier Singleton Down49 Singleton 13 11 ___ Commotions Gras 1143 44 Commotions New W.I. Englander island 43 New Father Nasta suggested a review by the Bylaw Committee for the 2010 Convention 12 13 14 54 Horsecart 1 38 50Indonesian Straight island 39 40 41 2150Editor Straight Down 15 Down 13 Dried-up ___ Gras 1344 45 ___ W.I. Tattle Gras island 44 W.I. i of the current Bylaws concerning the $4.00 stipend per member received by Branches, and 56 Entry 23 feature 54Whirlpool Horsecart 1 54 Prejudice Salad Horsecart type 20 16 Poi 15 17 48 Dried-up Fragrance 45 Tattle 42 43 44 15 Dried-up 45 45 Tattle the process regarding sending delegates to the Convention. 18 58 Conformed 2556Malady Entry feature 2 956 Folk Caress Entry 1singer Prejudice feature 22 120 Used Prejudice Poicar sign 2048 50 Poi Fragrance Appends 48 Fragr 19 20 21 22 62 Comic 2658 Carvey Her Conformed 1258Household appliance Guthrie Conformed 46 2 words Folk 47singer 48 22 51 Used 49 Mortgages, car sign for 50 Appe Fr. Thomas Nasta made a motion to accept all reports (President’s, Executive Secretary’s, 2 Folk singer 22 Used car sign 50 Appends 1362Canada Comic neighbor Carvey Guthrie words 51 Mort Vice President’s, General Counsel’s, Fraternal Director’s and 63Chairman Scare29of 62Couturier Auditor’s Comic Carvey Reports) as presented. Joseph Minarovich seconded. Motion carried. 63 Scare 3 Trademark 324Trademark Hick 24 Hick example exam Christian Guthrie words 51 Mortgages, for 3 Trademark 50 51 52 24 Hick 53 54 23 55 24 example 25 31 Pinch 1463Adam’s Scare grandson 65 Mystique 4 165 Fatuous Seaweed Mystique 26 Paycheck (Abbr.) 52 Ancient Greek 3265Artery Mystique 56 4 Fatuous 26 42627 Fatuous Paycheck 57 28 (Abbr.) 58 29 2652Paycheck 59 Ancient 30 60 (Abbr.) Greek 61 31 52 Ancie 66 Prune 51766 Droop Calcedony Prune 27 5Basketball Droop aim 2753 Basketball Heartache Damian Nasta made a motion to accept the Minutes of the 34 Extra large aim 53 Hear 67 September 66 Sunken 2009 Prune 38 ship, Quarterly 5 Droop 27 aim Heartache Box seat 61867 Prevaricator 62 Adjutant Sunken ship, 63 28 32 6Therefore Prevaricator 64 33 28 65 34 55 55 Therefore Brewer’s 35 need need 55 36 Brew3 Board of Directors Meeting as present. Milos Mitro seconded. Motion carried. 67 Sunken ship, 6 Prevaricator 28 Andrea 39___ Pride Andrea ___ 719Staked Earlier Andrea 7 Staked in ___ a poker in a poker 30 730 Staked Hardship in a poker 3057 Hardship Desolate 57 Deso 66 67 38 68 39 40 PAYMENT OF BILLS ASSOCIATED WITH THE ANNUAL BOARD 68 Vulgarian MEETING 4068Toll Vulgarian 2168 game Editor Vulgarian game 33 33 Cable game Cable 3359 Cable Noel 59 Noel A motion was made by Henry Hassay and seconded 69 by Joseph Educational 42 Minarovich 69Linguist Educational to pay 82369 Garden Whirlpool Educational 8 69 Garden chore chore 70 35 835 42 Garden Esteemed chore 43 44 35 7160 Esteemed God of of love love 45 60 God all the bills associated with the meeting. Motion carried. institution 45 Edible institution (Abbr.) fruit (Abbr.) 925Ceremonial Malady institution 9 Ceremonial (Abbr.) 36 936 Zilch Ceremonial Zilch 3661 Zilch Swabs 61 Swab 46 47 48 49 70 Mars 46 (Prefix) 70Hearing Mars (Prefix) organ 2670 smoker Her Mars smoker (Prefix) Copyright ©2010 37 37 smoker Deserve puzzlejunction.com 3764 Deserve Brazilian port port 64 Brazi ADJOURN 47 Genuine 29 71 Couturier Hardy heroine Christian 5010 51 Novelist 52 Loos 41 53 Caustic54 55 There being no further business to conduct, a motion was made 49 by Henry Singleton Hassay 31 Pinch 11 Commotions 43 New Englander and seconded by Joseph Minarovich to adjourn. Motion carried. Father 50 Thomas StraightNasta 32Down Artery 5613 ___ Gras 44 W.I. 57 island 58 59 6 closed the meeting with prayer. 54 Horsecart 34 Extra large 15 Dried-up 45 Tattle 38 Box seat 62 63 64 65 __________________________ __________________________ 56 Entry feature 1 Prejudice 20 Poi 48 Fragrance Andrew M. Rajec Kenneth 58 A. Arendt Conformed 39 Pride 2 Folk singer 6622 Used car sign 67 50 Appends 68 National President Executive 62Secretary Comic Carvey 40 TollGuthrie words 51 Mortgages, for 63 Scare 42 Linguist 3 Trademark 24 69 Hick 70 example 71 65 Mystique 45 Edible 4 Fatuous fruit 26 Paycheck (Abbr.) 52 Ancient Greek 46 Hearing organ Copyright ©2010 puzzlejunction.com 66 Prune 5 Droop 27 Basketball aim 53 Heartache 67 Sunken ship, 47 Genuine 6 Prevaricator 71 28 Hardy Therefore heroine 1055Novelist Brewer’s Loos need 41 Causti Andrea ___ 49 Singleton 7 Staked in a poker 30 Hardship 1157Commotions Desolate 43 New E 68 Vulgarian 50 Straight game Down 33 Cable 1359___ Noel Gras 44 W.I. is 69 Educational 54 Horsecart 8 Garden chore 35 Esteemed 1560Dried-up God of love 45 Tattle 56 Entry feature Solution on next 1 Prejudice page Solution on next 20 Poi page institution (Abbr.) 9 Ceremonial 36 Zilch 61 Swabs 48 Fragra 70 Mars (Prefix) 58 Conformed Solution smoker on next 37 2page Folk Deserve singer 2264Used Brazilian car sign port 50 Appen 62 Comic Carvey Guthrie words 51 Mortg 63 Scare 3 Trademark 24 Hick examp 65 Mystique 4 Fatuous 26 Paycheck (Abbr.) 52 Ancien 66 Prune 5 Droop 27 Basketball aim 53 Hearta 67 Sunken ship, 6 Prevaricator 28 Therefore 55 Brewe Andrea ___ 7 Staked in a poker 30 Hardship 57 Desola 68 Vulgarian game 33 Cable 59 Noel 69 Educational 8 Garden chore 35 Esteemed 60 God o institution (Abbr.) 9 Ceremonial 36 Zilch 61 Swabs 70 Mars (Prefix) smoker 37 Deserve 64 Brazil Under the “Park 2 Annuity”, you make a one-time deposit of at least $1,000.00 into an annuity fund that accumulates interest at a guaranteed rate for two years. Additional deposits are not allowed. Features of the “Park 2 Annuity” include: The FCSU guarantees your initial interest rate for two years. After two years, your funds will continue to accumulate interest at no less than 3.0%. The “Park 2 Annuity” can be converted to any of the FCSU Annuity Plans at any time. The “Park 2 Annuity” is not applicable to any settlement option or interest option. Withdrawal Privileges-Funds withdrawn during the first two years are subject to an FCSU Early Withdrawal Charge. The charge is 6% the first year and 5% the second year. You may, however, withdraw up to 10% of your ‘Beginning of the year balance’ with no FCSU Early Withdrawal Charge. Even though you may not incur an FCSU Early Withdrawal Charge, withdrawals before age 59 ½ may be subject to a federal tax penalty. Tax on the interest earned is deferred until the annuity funds are drawn. The minimum deposit is $1,000.00. Please contact your Branch Officer or the Home Office for applications Visit our web site at FCSU.com See Solution on Page 18 Solution on next page
Page 1 and 2: FOR GOD AND NATION - ZA BOHA A NÁR
Page 3 and 4: JEDNOTA, WEDNESDAY, MARCH 31, 2010
Page 5 and 6: MONEY MANAGEMENT & TAX TIPS By Jose
Page 7 and 8: was $113,055,636 compared to $102,4
Page 9: Scholarships Available For Study in
Page 21 and 22: Nová kniha v slovenčine Po stopá
Page 23 and 24: • Už mesiac majú možnosť obyv

Inside - First Catholic Slovak Union

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?