May 14 2009 Ycabc Minutes

MINUTES
(May 14, 2009)

Present: David Gilbreath, Bill Stevens, Lindsay Jacobson, Michele Besso, Lance Stephens, Madelyn Carlson, Luz Bazan Gutierrez, Carole Folsom-Hill

Dave Gilbreath called the meeting to order at 9:05AM.

Minutes Review/Approval: The April 9, 2006 minutes were unanimously approved as submitted.

EITC Committee Update: Lindsay Jacobson presented an update on the following grants (see attached):
• WalMart Grant: The majority of the money was spent on radio, TV and print advertising. After some discussion, the remaining balance of $1,918 will be spent on promotional items (pens, pencils, etc.).
• Gates (CTED) Grant: This grant was used primarily for advertising. Approximately $835 was used to develop a YCABC website to showcase the EITC program. The balance of $1,740 will be spent on miscellaneous promotional items.

Goals Progress Update: Since the last meeting where six goals for 2009-2010 were approved, there was an ad hoc committee chaired by Bruce Tabb to further discuss the following two goals:
• Implement/expand financial literacy: As agreed at the ad hoc committee, Lindsay Jacobson is polling banks, credit unions and other organizations to determine what financial literacy education programs are now being provided. So far, responses have been good. Lindsay expects to have this inventory completed within the next two weeks.
• Develop a bank the unbanked program in Yakima County: This was extensively discussed at both the ad hoc meeting, as well as today’s meeting. A draft power point presentation was reviewed that summarized the need (over 10% unbanked in Yakima County) and outlined general aims of the project (no monthly fees, no initial deposit requirement, free money orders, free check cashing, etc.).

After some discussion, the following action items/timelines were approved:
• Over the next two weeks, Michele agreed to work on a short questionnaire to determine why people are unbanked. She will email a draft to members for their feedback before finalizing the instrument.
• Dave will contact Bruce about chairing another ad hoc committee to continue working on the details of a Jul or Aug meeting with banks, credit unions and others to “roll out” the Bank on Yakima County concept. Dave agreed to contact the Federal Reserve to see if they might send a representative to our upcoming meeting with financial institutions.

Sponsor Organization for YCABC: There was a brief discussion about a possible need for a sponsor organization for the YCABC should EPIC not be willing to sponsor us, including the application for a VISTA Employee to take Lindsay’s place in Dec 09.

Secretarial Support: An EPIC employee, Ann Goebel, has recorded minutes and done light secretarial work for the Coalition; however, her position is being deleted and she won’t be available after May 15, 2009. Following a brief discussion, everyone agreed Lindsay could document meetings with brief bullet format minutes. Dave agreed to prepare minutes for today’s meeting.

The meeting adjourned at 10:25AM. Next meeting is scheduled for June 11 at 9:00AM, location TBD.

Recorded by,

David Gilbreath
Chair, Yakima County Asset Building Coalition