Total Donated: $130,112
Rebecca Shemenauer’s term ended at the conclusion of 2014 so Julia Salzman moved into the role of President. Rebecca was replaced by Kathe Breitenfeldt, an employee of Northcentral Technical College who had numerous years of experience on non-profit boards of directors.
In 2015 the Board also made the decision to begin diversifying its assets among numerous financial institutions. The account utilized since inception grew to house more than the insured amount of $250,000. For this reason the Board analyzed rates in FI’s around the area and decided to begin laddering certificates of deposit at AbbyBank. A six month CD for $100,000 was opened, along with a 12 month CD for $150,000.
The Association ended 2015 with assets (cash) totaling $511,507.25. This represents an increase of $146,134.57 over the previous year-end.