I am really disturbed with the process of introducing new VGCC account at The Villages. You send me an email with my new “Member Number,” which is to be used for getting into our new VGCC saying “Member Portal is now Live! To help you get started. Please find your Member Number below.” Then there is nothing on the page to tell me how to register. There is another sentence which says, “You will receive a second email shortly with your Temporary Password and detailed instructions on how to access the Member Portal.” Why can’t these be sent at the same time? If this is because of a supposed “security” then it again does not make sense. If someone has access to my email then they will have both of them. Also the link at the bottom of the email to www.thevillagesgcc.com did not work, I tried it. Why put it in?
—Walter Hlavacek
Proposed changes to Club Policy CPo 305 lnvestment Policy for formal approval consideration by the Board will be on the August 27 agenda.
The proposed changes will allow current and future Club Boards to invest reserve funds, which, in my opinion, are risky portfolios including common stocks, bonds, cash equivalents and diversified investments, on our behalf.
United States Government Securities (Treasury Bills, Notes, and Bonds) and FDIC-insured CDs are the only authorized investments in the current policy to SAFELY invest our Reserve funds.
Early in 2022, a report submitted to the Board by an Ad Hoc Committee concluded, “…we feel no investment changes should be made. We want to stay with FDIC-insured securities like CDs and Treasury’s, i.e. bills, notes and bonds.”
At the May 30, 2023 CBOD meeting, the Board tabled an agenda item to approve changes similar to what is being proposed now because of numerous objections and concerns received from Members.
I plan to have my voice heard that we should continue to have our funds SAFELY invested without risking losses that could potentially result in special assessments. I will send an email to the GM, CBOD and attend the August Club Board meeting.
—Howie Blumstein
