2025 Annual Meeting Minutes

Attendance and Opening

There were 113 people present for the 2025 JHFCU Annual Meeting held at the Glass Pavilion located on the JHU Homewood Campus.

Mr. Keith O’Neil welcomed the membership to the 2025 Annual Meeting and called the meeting to order at 5:47 p.m. Mr. O’Neil thanked everyone for attending and introduced guest speaker Shahar Ziv.

Mr. Ziv discussed building generational wealth, emphasizing that steady, average actions over time compound into significant results. Knowledge and awareness are key—every dollar should have a purpose, whether for saving, spending, or fun. Even modest earnings can grow wealth if the right behaviors are practiced.

Mr. Ziv highlighted common challenges, such as our tendency to sabotage our future selves, and recommended using systems like automatic savings and contribution accounts to turn good intentions into lasting habits. Key strategies include paying off high-interest debt, saving consistently, investing in low-cost index funds, and planning ahead. Financial coaching can help identify blind spots and keep you on track.

Ultimately, Mr. Ziv emphasized that being “average” with money allows you to be extraordinary in life. Deep, meaningful connections and investing in what brings happiness are the most valuable long-term investments.

Mr. O’Neil thanked Mr. Ziv for sharing his expertise and providing our members with tools and guidance to support their journey toward financial wellness. He then invited Ms. Lisa McKissick, Board Vice Chair, to the stage to officially start the meeting at 6:18 p.m.

Chairperson’s Report

Ms. McKissick officially opened the business section of the Annual Meeting at 6:18 p.m., noting that she was filling in for Board Chair Ms. Sharon Kemp. She welcomed and thanked everyone in attendance for supporting the Credit Union.

She began with the approval of the 2024 annual meeting minutes. No corrections were noted by attendees. Ms. McKissick called for a motion to approve the minutes, which was seconded. All were in favor, and the minutes were approved.

Ms. McKissick then presented the Chairperson’s Report. She highlighted that 2024 was a year of tremendous success for Johns Hopkins Federal Credit Union. The Credit Union set ambitious goals focused on empowering the community, enhancing offerings, and deepening member relationships, and successfully delivered on these goals.

Significant strides were made in enhancing the member experience, including the launch of new products such as the 100% Mortgage Loan and Youth Accounts, designed to meet evolving member needs. Additionally, the Financial Coaching Program, ACHIEVE^SM, was launched to support members’ financial well-being. Through ACHIEVE^SM, members from all walks of life have gained confidence to reach their financial goals, with numerous inspiring success stories shared.

Ms. McKissick extended heartfelt thanks to President and CEO Mr. O’Neil for his leadership and commitment. Under his guidance, and with the support of his leadership team and staff, the Credit Union introduced solutions, tools, and services to support members on their journey to financial wellness.

Community involvement remained a cornerstone of the Credit Union’s mission. In 2024, staff volunteered over 90 hours in local initiatives, supporting organizations such as the Believe in Tomorrow Children’s Foundation, First Fruit Farms, and Casey Cares. Giving back is a fundamental part of the Credit Union’s identity, and Ms. McKissick expressed excitement for continuing to strengthen these community ties.

She reported that the Credit Union remains financially healthy and well-positioned for continued growth. She thanked the management team, staff, volunteer Board of Directors, Advisory Council, and Supervisory Committee for their efforts, and most importantly, the members and guests for their continued support.

Ms. McKissick then welcomed Mr. Bob Stiefel, a member of the Supervisory Committee, to the stage to present the Supervisory Report.

Supervisory Committee

At 6:24 p.m. Mr. Stiefel, Secretary of the Supervisory Committee, presented on behalf of Mr. Jim Jarrell, Chair, who was unable to attend.

The Supervisory Committee is responsible for periodically reviewing the Credit Union’s policies and internal control procedures. To support these responsibilities, the committee retained the auditing firm of Yount, Hyde & Barbour, P.C., to conduct a comprehensive audit and provide an opinion on the Credit Union’s financial statements. The audit, performed in accordance with U.S. generally accepted auditing standards, resulted in an unmodified opinion for the year ended 2024, with no significant deficiencies or material weaknesses. A complete copy of the audited financial statements is available for review at our main office.

In addition to the external audit, the Credit Union maintains a robust internal audit program, currently led by the professional services firm Doeren Mayhew. Each year, Doeren performs a risk assessment and develops an audit plan. The internal audits completed in 2024 and 2025 identified no significant deficiencies or material weaknesses.

Mr. Stiefel welcomed Mr. Mark Bailey, Treasure of the Board, to provide the Nominating Committee report.

Nominating Committee

Mr. Bailey welcomed the guests and introduced himself as a member of the Board. His role during the meeting was to present the board member nominations for the 2025–2026 year. He explained that the Nominating Committee is responsible for evaluating candidates and making recommendations to the Board and membership for appointments to the JHFCU Board of Directors

Election of the Board of Directors started at 6:27 p.m. Candidates are nominated for a three-year term. In the event of a vacancy, the Nominating Committee recommends a replacement for the unexpired term. When someone is nominated to fill a vacancy for an unexpired term, they serve the remainder of that term.

This year, there are four nominees, all of whom are expected to continue serving JHFCU diligently. Biographical information for each candidate was provided. They are nominated for a three-year term ending in 2028:

• Maxine Given
• James Aumiller
• James Jerrell
• James Mustard

In addition, Ms. Mia Russell has been vetted to fill the vacancy created by Mr. Douglas Brooks, who was unable to complete his term. Ms. Russell’s term will continue through 2027, after which it will be up for re-election. This maintains the Board at 11 members.

A motion was called to nominate the above individuals for the three-year term. A second motion was made, and the nominees for the JHFCU Board of Directors for the 2025–2026 term were unanimously approved by the membership present.

Ms. Russell was officially added to fill the vacancy left by Mr. Brooks.

A motion was called and seconded to approve the full Board, which was unanimously approved, completing the election of the Board members. Mr. Bailey thanked everyone and invited Ms. McKissick back to the stage.

Ms. McKissick thanked everyone in attendance and officially closed the business portion of the annual meeting at 6:30 p.m.

Closing Remarks

Mr. O’Neil thanked the board and volunteers, highlighting Mr. Derek Savage, Ms. Laura Hooper, and Mr. Stiefel for their long-standing service. He emphasized that volunteers are critical to the Credit Union’s mission, noting that last year the Board’s initiatives enabled a significant reduction in fees.

He addressed the rising issue of fraud, stressing its seriousness and prevalence across all demographics, from college students to retirees. Fraud often relies on intimidation and attempts to undermine trust in financial institutions. Mr. O’Neil encouraged everyone to help spread awareness and educate members, while the Credit Union continues to advocate for and educate its membership.

Reflecting on 2025, Mr. O’Neil expressed gratitude to members and volunteers, as well as to Mr. Ziv, the Blue Jays of Baltimore, and the singer for their contributions. He thanked all attendees for participating as members. The meeting concluded at 6:39 p.m.

2026 Board Member Nominees

For more than 31 years, Ms. Lisa Moore has been proud to be part of the Johns Hopkins Hospital/Health System community. In her current role as a Project Leader in Healthcare IT, she enjoys bringing people, systems, and ideas together to support complex project integrations. Ms. Moore has also been a dedicated member of The Credit Union for more than 25 years and was honored to join the Board of Directors in 2019, where she currently serves on the Technology, Strategic Planning, and Advocacy committees. She holds a BS in Computer Science from North Carolina State University and a BA in Spanish from Towson University, reflecting both her technical background and her appreciation for language and communication. Her commitment to service extends beyond her professional work. Ms. Moore previously served in several leadership roles with a nonprofit organization, including Chair of the Internal Audit Committee, where she helped ensure strong financial processes and documentation compliance through quarterly reviews.

Ms. Sharon Kemp served as part of The Johns Hopkins Hospital/Health System’s Department of Human Resources team for 17 years, most recently as Executive Director, HR Central Services for the Johns Hopkins Health System. She left JHHS in 2018 and has started her own business as franchise owner of Budget Blinds. Prior to working at Hopkins, Ms. Kemp worked for 23 years at Bank of America in various Human Resource/Compensation positions including Vice President of Compensation Consultant. Ms. Kemp holds an undergraduate degree in Business from Notre Dame of Maryland University and her MBA from Loyola University Maryland. She obtained her CCP (Certified Compensation Professional) in February 1991 and her SPHR (Senior Professional in Human Resources) in December 2011. Ms. Kemp currently serves as the Chairperson of the Board and has been a member of JHCU since 2004.

Mr. Carlos Tobar is the Executive Director for Johns Hopkins Medicine International (JHMI) for the Saudi region and oversees, among others, the Johns Hopkins Aramco Healthcare joint venture. He joined JHMI as a Director for the Latin America region in October 2011. A native of Ecuador, Mr. Tobar previously worked as CEO and Co-Founder of Advento, S.A., a Project Management Company, in Quito, Ecuador. Additionally, he held the position of Business Development Manager/Credit Manager for Sumitomo Corporation Del Ecuador S.A. He also spent two years at Citibank in MIS as a Financial Institutions Relationship Manager. Mr. Tobar has a degree in Chemical Engineering from Escuela Politécnica Nacional in Quito and an MBA from George Washington University, where he attended as a Fulbright Scholar. He has been a JHCU member since 2011 and chairs the Credit Union’s Strategic Planning Committee.

Mr. Mark Bailey is the Sr. Associate Dean for Finance and Administration at Johns Hopkins University School of Advanced International Studies. He started at Johns Hopkins University in 2011 and has held positions as Director of Finance and Administration at JHTV and Interim Sr. Director of Finance and Administration for the Sheridan Library. Mr. Bailey has a Master of Business Administration from the University of Baltimore/Towson University, and a BS in Business Administration from the University of Baltimore. He joined JHCU in 2015 and became a Board member in 2018. He serves as the Treasurer of the Board, and also contributes to JHCU’s Asset-Liability Management, Advocacy, and Strategic Planning Committees. He has also served on the Credit Union’s Advisory Council.

2025 Annual Report

Investing today.  Empowering tomorrow.