Breaking News --- John Michel will be Club President for rest of 2020!  Following the retirement of Lennette Horton as AFC President, the AFC Board of Directors has elected John Michel to serve as President for the remainder of 2020.  John has been very active in the club for many years, serving as VP, Treasurer and Secretary for various years since 2013.  He is also the leader of the very successful Financial Club Breakfast Meetings.   We all thank John for stepping up.

AFC Officers for the rest of 2020: 

President                     John Michel

Vice President             Ira Adler

Treasurer                     Ken Adrian

Secretary                     Larry Jensen

Welcome to new AFC board members Robb Charles and Jane Arnold, who joined the Board at our July 2 meeting. Other AFC board members include Harold Kaufman, Don Manning, Jerry Saepoff; Bill Van Ooyen; Bill Starr; Mike Tiernan; Art Schuetz and David Weil.

Remaining meeting dates in 2020: We are investigating how we can conduct our meetings by seeking alternatives to in-person events. Hopefully, we can find a format that will enable us to provide a method to safely continue our speaker programs beginning in the fall. Remaining meeting dates in 2020 are September 3, October 1, November 5, and December 3. For current information about AFC meetings, go to the website at: www.financial.scaclub.org .

Financial Club breakfast meetings are held on the third Monday of each month at 9:00am in the Arlington Room at Anthem Center.  Due to the continuing uncertainty about use of the SCA facilities, there will be no July breakfast meeting.  The next breakfast meeting is planned for  September 21.  The topic will be: The Secure Act of December 2019: “How will it affect our IRAs and our beneficiaries when they inherit our IRAs? What are the rules for inherited Roth IRAs?”  We will also cover Required Minimum Distributions (RMDs) and how to calculate them. Recent meetings covered Cyber Security, Real Estate Investment Trusts (REITs), Wills & Trusts, Exchange Traded Funds (ETFs), Travel Tips, Cable/Direct/Sling TV, Credit Cards, Life After Anthem, Travel Insurance, and Pre-Paid Funerals.  All meetings have been well attended with lively and informative discussions. For more information, contact John Michel at Michel.JohnF@gmail.com.  

Congratulations to our “Guess the Dow” winners for the Dow closing on 12-31-19!

• First place ($50 gift certificate) – Lennette Horton  
• Second place ($25 gift certificate) – Bob Warner  
• Third place ($25 gift certificate) – John Paul  

Our speaker on March 5 was Barbara Pope, Vice President and Branch Manager, American First National Bank in Henderson. Ms. Pope provided some history about American First National Bank –what it means to be a Community bank, what makes them different. AFNB is an Asian-American owned National Bank with assets of $1.904 billion at the end of 2019 with full FDIC insurance, headquartered in Houston. AFNB’s mission is “to become the leading Asian-American owned financial institution within the United States”.   

Ms. Pope covered “Senior Crime Prevention: Recognize and reduce the risk of elder financial exploitation”:

• What is Elder Financial Exploitation
• Common Examples of Financial Exploitation
• Safeguards to protect yourself from exploitation
• Abuse by caregivers/in home helpers
• Investment Fraud
• Telephone scams & other types of fraud seniors are subject to

The presentation is available in "Documents" on the right side of this page ---------------------------->

 And there was a very different surprise! Ms. Pope brought some “Lucky Money” giveaways.  In celebration of the 2020 Year of the Rat Chinese Lunar New Year, the newest addition to the Lucky Money Collection was announced --- 2020 Year of the Rat Lucky 8’s Serial Number Banknotes. The Year of the Rat 2020 product is designed with Decorative Chinese Symbolism and packaged in a Symbolic Red Folder adorned in Full-Color. Each folder contained an uncirculated Genuine Legal Tender United States Banknote. This features an uncirculated $1 Federal Reserve note with serial numbers containing the numbers “88."

As raffle prizes, AFNB donated three savings accounts at the bank.  The winners were Lynne Warner ($300), Robert Trocco ($200) and Hinde Socol ($100).