Financial Update- John Zollinger, Home Bank

John provided GNOEA members an update on the interest rates. John reported the market is stating we will have one increase this year. Unemployment is about 4.5% currently, therfore there is no pressure to lower interest rates. If oil prices remain raised, there will be pressure to raise rates. Mortgage rates are driven by the 10 year treasury. Rates are currently about 6%. The housing market seems to be increasing in the New Orleans market. Reports are stating housing prices are rising a little. Business are struggling to keep up with inflation.

Membership

If you have a prospect, please have them connect with Jacquie Bonano, membership chair at membership@gnoea.com.

Thank You & Announcements

Q2 dues reminder

Member referral program has been extended to the end of 2026! Refer a member and once they join you will receive one quarter of waived dues.

Guests

Billy Gunzburg, King Fish Pools & Michael Willem, Benefit Analyst guest of Duaine Duffy, Benefit Analyst

Member Thank You’s & Announcements

Jason Hernandez, Crescent Title, thanked Jesse Hoppes, Leaaf Environmental for helping his friend.

Upcoming Meeting Schedule

April 28- No Meeting

May5- Michael Drummond, Better Business Bureau

May 12- Inspector General Ed Michel- board meeting to follow

May 19- Crawfish Boil @ Ecology

May 26- No meeting- Happy Memorial Day

Check the website for updates and bulletins that include upcoming events. Meeting events are on the calendar. Speaker suggestions: contact Program Chairman, Nick Wall at nwall@kteanalytics.com