The Voice of ARC Retirees
From ARCRA President Michael Carroll Updated 3/15/2019
February 7, 2019 Board MeetingThe ARCRA Board met via conference call on 2/7 beginning with a welcome for four new Directors, Ann Beaulieu, Rosemary Leyland, John Pacheco and Sharyn Whitman. President Carroll briefed on Jan 24 meetings between ARCRA Executive Committeemembers and Red Cross President/CEO Gail McGovern, Chief HR Officer Melissa Hurst and other national staff. He reported that the meetings had been very successful; Red Cross staff is committed to helping us get ARCRA membership info in front of new audiences including active employees. He noted that the team learned a lot about plans for the Retirement Systemwhich will be shared with members in the coming months. Treasurer Jack Campbell presented final results for 2018 noting that after projecting a deficit for most of the year, ARCRA posted a small surplus of $5,611 and grew back our cash reserves to $42,351. While membership results declined again, controlled spending and the new fundraising initiative pushed us into the black. The Board then approved a break-even budget at $38,470; about the same as 2018 results, which included conservative membership projections, continued cost containment and continued success with voluntary contributions from members. Ann Brynes provided a report which indicated that we had received about $6500 from 58 members and sketched out plans for 2019. Several board members commented that the generosity of Red Cross retirees is not surprising. Jim Hamilton presented membership results for 2018 and echoed the Treasurer’s concerns about the shrinking number of membership prospects. He noted that the Membership Committee would be working with Red Cross to assess new membership recruitment opportunities. The Board received additional reports including an update from ARCRA Administrator Christie Phillips; full meeting Minutes will be posted to the website in the future. The Board will meet again on May 9. | Recent news and features
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