2021 Year-In-Review

Board Members:

1. Kathe Breitenfeldt – President
2. Ann Stromgren – Vice President
3. Julia Salzman – Secretary
4. Ryan Kennedy – Treasurer
5. Patti Flaker – Director

Total Donated: $195,969.00

Top 5 Donations:

1. Wausau School District                                               $36,000
2. NTC Foundation                                                          $20,000
3. Junior Achievement Central WI (Wausau and Merrill) $15,000
4. DC Everest Public Schools                                          $12,500
5. Aspirus Health Foundation                                          $10,000

Notes:

Hal Osborn decided to step down from the Board, coinciding with his retirement. At the annual meeting, Ann Stromgren was voted in for a 5-year term on the Board, as Hal’s replacement. She was also nominated and voted in as Vice President for the year. Kathe was elected as President and Ryan as Treasurer.

Connexus Association maintained its current structure of laddering certificates of deposits at several financial institutions to reduce risk as the majority of deposits are thus insured by NCUA or FDIC. As interest rates on deposit accounts continued to remain low, the Board voted to move another of our Certificates to an online bank, First Internet Bank, to take advantage of slightly higher interest rates. The new 12 month certificate was opened in August ($160k at .60%). The remainder of the Certificates were renewed at either .60% or 65%.