he executive board has been in discussion with the membership about changing financial institutions for the purpose of more effective fiscal management of the membership funds.  During the general membership meetings there has been support in moving the funds to interest-bearing accounts and restructuring the accounts to be used more effectively.  Our current institution is United Business Bank.  They have limited interest-bearing investments, with the most beneficial to us being alternating CDs.  They provided a proposal for this investment which can be seen at the top of the document.  Additionally, the board has identified Charles Schwab United Capital as an alternate financial institution to move our funds to.  They have access to much more varied investments with a significantly higher ROI historically.  Their proposal is also included in the attached document.

The Bylaws will have to be amended for these changes.  The proposed changes are in the attached document below the investment proposals.

All of these changes will be finally discussed at the July General Membership meeting on July 25th.  A vote will be conducted at that time.  Please review the attached documents and contact your executive board with questions.  Your voice matters. 

Kyle Woods

President