Board of Directors

Board of Directors

Our officers and managers are listed below with the positions set forth opposite their names.

Name

Position

Committee Membership

Carrie E. Coyner, JD
Attorney

Manager

Loan Committee

David D. Dommisse, CPA, Board Treasurer
The Virginia United Methodist Conference

Treasurer Manager

Finance Committee
Executive Committee

Lori Roberts CPA, MSBA, CGMA

Manager

Finance Committee, Chair

William Coppa

Manager

Loan Committee

Elizabeth Godwin-Jones, JD
Attorney

Manager

Loan Committee

Tom Frost, Pastor / former Attorney

Manager

Loan Committee

Rev. Dr. Steven R. Jones, retired clergy
Former Richmond District Superintendent

Manager

Loan Committee

Craig Lane, JD
Attorney

Manager

Loan Committee, Chair
Executive Committee

Carl L. Moravitz
Government Financial Consultant

Manager

Finance Committee

Hiawatha Nicely
Banking and Finance Executive

Manager

Finance Committee

Rev. Jeffrey A. Witt
Pastor St. Andrew’s UMC

Manager

Finance Committee

Board of Managers

Our Board of Managers has full responsibility for, and all rights and powers relating to, the management of our business and affairs. Under our Operating Agreement, the Board has all of the powers legally afforded to a limited liability company under the Virginia Limited Liability Company Act in carrying out our business and affairs, except that only the Foundation, as our sole member, may approve a plan of merger or consolidation, a plan of dissolution, or the sale, lease or exchange, or the mortgage, pledge or other disposition of all or substantially all of our assets.

Under our Operating Agreement, the Board must have a minimum of six and not more than 12 managers. As of the date of this Offering Circular, our Board was comprised of 12 managers. Managers have staggered terms and may serve up to three successive terms. At the first annual meeting of the Board, the managers were divided into three groups, as nearly equal in number as possible. The terms of the managers in the first group will expire at the Board’s annual meeting in 2015, the terms of the managers in the second group will expire at the Board’s annual meeting in 2016, and the terms of the managers in the third group will expire at the Board’s annual meeting in 2017. Thereafter, at each annual meeting of the Board, one group of managers will be appointed by the Foundation, as our sole member, for a term of three years to succeed those whose terms expire. The act of a majority of the managers at a meeting at which a quorum is present is an act of the Board.   The Board meets at least quarterly and maintains certain committees, including a Loan Committee and a Finance Committee.