Cooperative Center Federal Credit Union

Nominating Committee Report The appointed Nominating Committee for the Cooperative Center Federal Credit Union Board of Directors 2017 Elections has completed the vetting and selection process of the single applicant who submitted a full and complete application packet. The background check and credit assessment have been ordered. The background check is pending return. Additionally, three (3) incumbent candidates will be included on the ballot. The name of the candidate who was voted by the Nominating Committee to be an "eligible candidate," along with three (3) incumbents are put forth to stand for election to the Cooperative Center FCU Board of Directors as they appear here (in alphabetical order): 1. Herrera, Laura 2. Jacob, Sushil 3. Ringgold, Alfred 4. Shabaka, Shyaam For more information about the application process, vetting and voting per candidate, please contact Willie Phillips, Chair of the Nominating Committee: Cooperative Center Federal Credit Union Attention: Willie Phillips, Nominating Committee Chair 2001 Ashby Avenue, Berkeley, CA 94703 Willie Phillips, Nominating Committee Chair; Hemby Whitten, Committee Member; Alejandro Soto-Vigil, Committee Member Supervisory Committee Report In service to the membership, the Supervisory Committee's responsibility is to ensure that the operations of Cooperative Center Federal Credit Union (Cooperative Center) are effective in protecting credit union assets and that all records are being accurately and properly reported. Our committee fulfills this responsibility by preparing and completing an annual work plan, which includes monitoring for the establishment and implementation of effective internal controls, compliance with regulations, applicable laws, Generally Accepted Accounting Principles (GAAP) and Board policies. One of the most important functions of the Committee is to facilitate the annual supervisory audit. The committee contracted with an independent auditing firm, Turner Warren, Huang & Conrad (TWHC), to perform the 2016 annual audits and Member Account Verifications. TWHC concluded the overall records and operations of the credit union were found to be in sound condition. Further, the annual National Credit Union Administration examination results showed the credit union to be safe and in good condition. The Supervisory Committee is satisfied that adequate internal controls exist to protect member accounts and that financial statements accurately report the condition and performance of your credit union. It is also a committee responsibility to investigate and respond to member inquiries and concerns regarding account discrepancies, governance or management of the credit union, should they remain unresolved by the management team. If you require the assistance of the committee, please contact us directly via our private USPO Box or email at: Supervisory Committee, Cooperative Center FCU Email: SupervisoryCommittee@coopfcu.org P.O. Box 3445, Berkeley, CA 94704 Should you believe that your concerns have not been fully addressed by management and/or the committee, please be aware that you may address concerns to the National Credit Union Administration's (NCUA) Consumer Assistance Center by contacting them directly at: National Credit Union Administration, Email: ConsumerAssistance@ncua.gov Office of Consumer Protection 1775 Duke Street, Alexandria, VA 22314 Like our Board of Directors, our Supervisory Committee is made up of volunteers. This is another way that member participation makes a credit union stronger. If you have interest in volunteering for service on the Supervisory Committee and/or you would like to learn more about what we do, we would have great interest in speaking with you. Please contact us using our private mail box or email. Our responsibilities are made easier by the cooperation and assistance of staff, management and the Board of Directors. We would like to express our appreciation to them and to all of our members for your continued active choice to make Cooperative Center your credit union. At your service, The Cooperative Center FCU Supervisory Committee: R eginald Hairston, Christina Oatfield , Tom White 8

• Cover