Recently the MTM Board and staff lost one of our founders and longtime Board members. Doug Mack passed away December 8th. Doug although retired from his shop a few years ago, he was a long time shop owner, MTM member and Board member. Our longest term staff member, Glenda Moyle – 38 years, says Doug was HERE when she arrived. So his MTM history and support go back over 4 decades.

While Doug was battling cancer for a couple years, he always seemed to be winning and never missed a meeting. In October he attended the Annual Members’ meeting and Board meeting. At the meeting, he was ready to jump in for 2020 Board pictures. I was close to Doug. He was my Board contact for all Board and Board Committee nominations. For the last 6 years Doug and I worked together to complete interviews for every potential MTM Board and Board Committee member. We had many soup lunches around the state together. Doug was friendly, grounded in history and life experiences – I will miss him.

For 6th straight year – MTM Board declares members dividend – $3,500,000

By the time you get this the holidays should be winding down. I enjoyed some skiing time with my kids and like all of us with kids, they passed the parents long ago on athletic abilities. Since the kids could easily out ski me, I took break time to be the babysitter. I had several discussions with my 7 month old grandson about insurance company challenges. He did not seem to care much about Grandpa’s business issues.

Even during this fun break, MTM goals were front and center. On December 20th the MTM Board approved the Board Finance Committee’s recommendation for a $3,500,000 member dividend to be paid March 1st. While we do not yet know the exact MTM profit for 2019, if we declare a dividend BEFORE 12/31 it reduces MTM taxes. On $3,500,000, the tax savings is almost $750,000. This savings goes back directly to our members. Last year after the 2018 profit was confirmed up in January, the Board in February added $950,000 more dividend monies to the provisional declaration in December. We are hopeful to do the same thing this year.

So while Christmas has passed, like the last 5 years, a present is coming from MTM. We will be delivering member checks in March. Our delivery as usual includes pictures of members with their MTM check. As soon as I know the final dividend amount, I will let you know.

In the meantime, know that your annual MTM dividend is already in the works.