The meeting heard the reports of progress from the FCNQ departments, divisions and subsidiaries as well as reviews of their cooperative projects, their financial results and projects for economic development during the first half of FCNQ's fiscal year. The reports of the financial statements of all the co-ops demonstrate positive growth of the co-ops in the first half of the year, with many showing better than expected results.

President Aliva Tulugak said, "I am pleased to see how well the cooperatives are doing. In particular, the Inukjuak Co-op should be proud of having – for the first time in the history of Ilagiisaq – the greatest net profit of all the co-ops. There is much work ahead of us, so it is good that the co-op board of directors meet to have an appraisal of the first half of the year and to discuss their future projects and issues raised through co-operative activities. That is why we get together, in service of the co-ops of Nunavik."

Also, the directors viewed and judged the works of art submitted to the 2015 Carving Contest hosted by the FCNQ and Art Nunavik. The theme this year was Arctic Animals, inspired by the diversity of Nunavik's wildlife and the hunting stories of the Inuit tradition. A total of 34 artists from 8 Nunavik communities and Montréal submitted their work, in the Adult and Youth categories.

In the Adult category, 1st Place was awarded to Johnny Akpahatak of Aupaluk, who won $2500 for his complex carving of a polar bear sneaking up on a resting walrus. Tied for 2^nd Place were a fabulous diorama model of a bird with nest and eggs by Lizzie Gordon of Kuujjuaq and a carved caribou antler illustrating in relief a dog team and qamutiik, by Kangiqsualujjuaq's Leevan Etook. Each won $1000 each in prize money. In the Youth category, Daniel Onningnak of Aupaluk won 1^st Place, worth $1200, for his painting of a polar bear while 2^nd Place, worth $800, was won by Kuujjuaq's Hannah Tooktoo for her watercolour of a snowy owl. Congratulations to the winners!

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