Cooperative Center Federal Credit Union

Supervisory Committee Report Per the Federal Credit Union Act, National Credit Union Administration (NCUA) regulations and Cooperative Center FCU Bylaws, the Supervisory Committee (Committee) is appointed by the Board of Directors and tasked with ensuring credit union practices and procedures are sufficient to safeguard member assets. The Committee develops and implements an annual work plan, completes training and works closely with the CEO and management team to gain the operational insights necessary to meet our responsibilities. As part of the Committee's obligation to complete a Supervisory Audit, we contract with an independent CPA firm, review the audit outcomes and act as a liaison between credit union management, the auditors and federal examiners to ensure that any audit exceptions are addressed. Further, the Committee reviews NCUA examination results, oversees management responses and reports to the Board of Directors. The Committee is also entrusted to perform or oversee audit, accounting and operational functions including but not limited to: • Review of monthly corporate account reconciliations • Verification of cash and negotiable instruments • Coordinate any additional regulatory audits included in the Committee's work plan or required by the Board • Respond to all questions or concerns submitted to us by members regarding account discrepancies or governance of the credit union Turner, Warren, Huang and Conrad (TWHC), a professional corporation of Certified Public Accountants, completed the annual Supervisory Committee audits effective June 30, 2019. Further, the National Credit Union Administration annual examination showed the credit union to be safe and in good condition, adequate controls exist to protect member assets, and that the financial statements accurately represent the financial condition and performance of your credit union. Should you require the assistance of the Supervisory Commitee, you may contact us directly via our designated Committee mailbox or by emailing us as follows: Supervisory Committee, Cooperative Center FCU P.O. Box 3445, Berkeley, CA 94704 Email: SupervisoryCommittee@coopfcu.org During 2019, the Committee was composed of the following members: • Tom White, Chair • Tyisha Johnson • Larry Hartsough We are actively seeking interested member volunteers for our Committee. Your contribution of time, talent and skills can make a meaningful difference to the credit union. If you would like to learn more about the Committee or to be considered, please email SupervisoryCommittee@coopfcu.org, or call Rhonda Redo, Administrative Manager, at 510-295-1645. On behalf of your Supervisory Committee, we want to say thank you for your membership and active participation in using the many products and services offered by Cooperative Center Federal Credit Union. At your service, Tom White Chair, Supervisory Committee The appointed Nominating Committee for Cooperative Center FCU Board of Directors 2020 Elections has completed the vetting and selection process for three (3) incumbent candidates. No additional members submitted applications for nomination, and no petitions were submitted. The names of the incumbent candidates who were voted by the Nominating Committee to be "eligible candidates" are put forth to stand for election to the Cooperative Center FCU Board of Directors. Their names appear below in alphabetical order: • Anthony L. Hughes • Sushil Jacob • Shyaam M. Shabaka To contact the credit union Nominating Committee, you may write to: Cooperative Center Federal Credit Union Attn: Hemby Whitten, Nominating Committee Chair 2001 Ashby Avenue, Berkeley, CA 94703 At your service, Hemby Whitten Nominating Committee Chair Barbara Penny-James, Committee Member Tureeda Mikell, Committee Member Nominating Committee Report MEET DWAYNE AND KAMILAH. Dwayne and Kamilah were getting refi offers from other lenders but decided to first ask what we could offer them. By refinancing their auto loan with us, they saved $178.91 on their monthly payment! Join Dwayne and Kamilah and save by refinancing your auto loan today! Per the Bylaws, Article V. Elections, Section 1. Nomination Procedures, Section C., "the election will not be conducted by ballot and there will be no nominations from the floor when the number of nominees equals the number of positions to be filled." Because the number of nominees equals the number of positions to be filled, there will be no election by ballot and there will be no nominations from the floor at the 2020 Annual Meeting.

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