Annual Report of the National Chaplain

Dear Board of Directors and Members of the FCSU:

It is an honor to be your National Chaplain. I was happy to be present for and to participate in several events in 2023.

I attended all four Board of Directors Meetings that were held either in person or virtually. Each session was opened and closed with a prayer and Mass was offered for the meetings held in person. National President Ken Arendt extended the invitation for me to be present for the Executive Committee meetings in March and December. I also opened and closed those meetings with prayer.
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Annual Report of the President

Reverend Father and Members of the Board of Directors of the First Catholic Slovak Union of the United States of America and Canada, it is my pleasure to present this 2023 report to you.

Successful operating results continued for the Society in the year 2023. Operating profits improved 36% over 2022 results. The Society has continued to enjoy profitable operations for several consecutive years. After dividend payments of $438,772, net gain from operations before capital gains amounted to $4,729,876.

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Annual Report of the Vice President

Rev. Thomas Nasta, President Ken Arendt, and fellow members of the FCSU Board of Directors:

In 2023, I performed the duties required of me as stipulated by the bylaws. I have attended all Board of Directors meetings as well as all monthly Executive Committee meetings. I have also made myself available to attend any impromptu on-line meetings when so invited by the President . I also regularly receive emails and text messages from Larry White regarding investment opportunities and acted accordingly to these messag es. I’ve attended via Zoom call both of Region 2’s district meetings. In October 2023, I went on a site visit checking out a potential 2026 convention location.

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Annual Report of the Executive Secretary

Fr. Thomas Nasta, Mr. President and Members of the Board of Directors, it is my pleasure to present my 2023 Annual Report.

This past year has been truly remarkable and eventful as my first year serving as the Executive Secretary. I appreciate the support and trust from everyone as I took on a new role this past year.

Our numbers and financial status has continued to grow in 2023. We introduced a limited-time offer for an in-house transfer at the annuity rate of 6.00%. It was a very successful endeavor.

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Annual Report of the Treasurer

Fr. Nasta, President Arendt, Executive Officers and Members of the Board of Directors,

I am pleased to present my report on the state of the FCSU’s finances and treasury operations for the year ended December 31, 2023.

Highlights
• Total assets increased by 1.8% to $578,950,327 (2022 – $568,716,615)
• Cash on hand was $30,232,085 (2022 – $27,510,198)
• Insurance and annuities sold was $86,814,655 (2022 – $54,622,568), up 58.9%

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National Officers Annual Reports

Chairman of Auditors Report
Fraternal Activities Director Report
Region 1
Region 2
Region 3
Region 4
Region 5
Region 6
Region 7
Region 8