UTILITIES EMPLOYEES CREDIT UNION

ANNUAL MEETING OF MEMBERS

 AGENDA

March 26, 2026

8:30 AM

1. Call to Order (Mr. O’Brien)
2. Chairman’s Welcome and Introduction (Mr. O’Brien)
3. Introduce Directors and Officers

• Minutes of Annual Meeting of Members held March 27, 2025 (Mr. O’Brien)

1. Reports
2. Supervisory Committee Report (Ms. Noon)
3. President’s Report (Mr. Krevolin)
4. Unfinished Business (Mr. O’Brien)
5. New Business
6. Board Governance Committee Report (Mr. Benson)
7. Election of Directors (Mr. O’Brien)

Adjournment (Mr. O’Brien)

SUPERVISORY COMMITTEE ANNUAL REPORT TO THE SHAREHOLDERS OF UECU

The Supervisory Committee is composed of UECU members and plays several critical roles at the credit union. We are an advocate for and representative of you, our members. The Supervisory Committee oversees a professional Internal Audit department, who performs assurance work over the course of the year. We also engage qualified external auditors and outside consultants to perform additional audits and assurance projects, to provide a level of assurance commensurate with the credit union’s size, complexity, and risk environment.

The Supervisory Committee has direct authority and supervision of the Internal Audit department. Internal Audit is an independent and objective assurance and consulting function designed to add value to the credit union and improve operations. In line with professional standards, Internal Audit uses a systematic and disciplined approach to evaluate the effectiveness of governance, risk management, and control processes. The Committee meets regularly with Internal Audit, receives reports quarterly from Compliance, Risk, and Executive Management, and provides quarterly reports to the Board of Directors.

One of the Committee’s most important tasks is engaging and overseeing an annual financial statement audit. We engaged RKL LLP to perform this “external” audit for the year ending December 31, 2025. The credit union received an “unmodified” opinion, meaning the annual financial statements fairly presented, in all material aspects, the financial position of the credit union, and conformed to generally accepted accounting principles. This opinion was based on testing of controls and transactions, in accordance with generally accepted auditing standards. An unmodified opinion is also known as a “clean” opinion and provides our members with comfort that the financial statements are free of material errors and omissions.

As a state-chartered, federally insured credit union, UECU is subject to regulatory examination. Examiners from both the Pennsylvania Department of Banking and Securities and the National Credit Union Administration examine the credit union annually. The Supervisory Committee reviews the results of their examination, as well as any applicable findings, recommendations, and action plans.

We believe, based on the cumulative results of assurance and consulting projects, that the credit union is well positioned financially and will remain competitive.

Respectfully submitted,

UECU Supervisory Committee

___________________________

Jamie P. Noon

Kristie Perrone

Tim B. Wimbish

March 27, 2025 Annual Meeting Minutes

11 Meridian Blvd., Wyomissing, PA

Present:
Members: Richard Benson, Greg Cosgrove, Melissa Blouch, Kristina Buono, Donald Carr, Lisa DeLucia, Jess Ermold, Jen Ewing, Brenda Fulop, Phillip Geiger, Bradley Harford, Debbie Johnson, Andy Koehler, Bret Krevolin, Lisa Kirschner, Terry Larkin, Alan Metzler, Jaquana Miles, Janene Naugle, Scott Neave, Jamie Noon, Tom O’Brien, Dawn Pavlick, Courtney Perez, Kristie Perrone, Kristine Pizzo, Paula Simmons, Gail Trexler, Julie Ward, Todd Weitzmann, Erica Wennell, and Tim Wimbish.

Attending Remote – Christine Andrew, Rhonda Battenfield, Amanda Del Polito, Kaitlin Keck, Dianne Mack, Erik McFall, Dianne Rothenberger, Sandy Shenk, David Okuwobi, Cynthia Jones-Quartey, and Doris Wolf

• Call to Order
• Board Vice Chair O’Brien called the meeting to order due to Board Chair Deane being ill. Mr. O’Brien welcomed attendees to the 2025 annual meeting and verified that a quorum was present.
• Chairman’s Welcome and Introduction
  • Introduce Directors and Officers
    Board Vice Chair O’Brien then proceeded to introduce the Board of Directors and Supervisory Committee members.
• Minutes of Annual Meeting of Members held March 28, 2024
  Vice Chair O’Brien explained that the minutes of the last annual meeting which was held on March 28, 2024, are posted on the UECU website and were included in the document provided within the Webinar. He asked for a motion to be made to dispense with the reading of the minutes. Upon motion made by Jaquana Miles, seconded by Alan Metzler and unanimously carried, the reading of the minutes was dispensed. Mr. O’Brien asked if there was any further discussion on the minutes and hearing none, the minutes were approved as presented.

• Reports
  • Supervisory Committee Report
    Jamie Noon, Supervisory Commiittee Chair presented the Supervisory Committee’s report for 2024 outlining the audit process and duties of the Committee. Vice Chair O’Brien asked if there were any questions relating to the Supervisory Committee Report. As there were none, upon motion made by Andy Koehler, seconded by Richard Benson and unanimously carried, the Supervisory Committee report was accepted.
• President’s Report
  Mr. Krevolin presented the President’s report, which included highlights of UECU’s accomplishments during 2024 and initiatives proposed for 2025. He also reviewed the 2024 financial results and UECU’s special achievements and recognitions. Vice Chair O’Brien asked if there were any questions relating to the President’s Report. As there were none, upon motion made by Lisa Kirschner, seconded by Todd Weitzmann and unanimously carried, the President’s Report was accepted.
• Unfinished Business
  Vice Chair O’Brien then called for any unfinished business. There being none, he proceeded with the order of business.
• New Business
  • Board Governance Committee Report
    Vice Chair O’Brien stated that the first item of new business was the election of five directors. On behalf of the Board Governance Committee, Mr. Benson presented the following nominations:  Lisa Kirschner for a term of two years expiring March 2027; Andrew Koehler, Jaquana Miles, Thomas O’Brien and Todd Weitzmann for a term of three years expiring March 2028.
• Election of Directors
  Vice Chair O’Brien then stated that, as there were no additional nominations submitted by the February 14th deadline, the nominations were closed. A vote of members present and in-person and online were carried out. The vote was all FOR and none AGAINST these nominations. On motion made by Alan Metzler, seconded by Andy Koehler and unanimously carried, the Secretary was instructed to cast one ballot on behalf of the members present in favor of the election of the above-named persons as directors of the Credit Union.
• Adjournment
  Vice Chair O’Brien called for any further business. As there was no further business, upon motion made by Jaquana Miles, seconded by Kristine Pizzo and unanimously carried, the meeting adjourned at 9:29 a.m.

UTILITIES EMPLOYEES CREDIT UNION

BOARD GOVERNANCE REPORT

… Updating soon