2026 Annual Meeting

Agenda

1. Meeting Call to Order
2. Call of Officers and Officials
3. Report of Board Chairman
4. Report of Supervisory Committee
5. Report of CEO
6. Financial Report
7. Elections
8. Old Business
9. New Business
10. Meeting Adjournment

Board Chair Report

Dear Members, On behalf of the Board of Directors, I am pleased to share an update on the continued strength, governance, and oversight of Great Meadow Federal Credit Union. One of the Board’s primary responsibilities is to ensure the safety and soundness of your credit union. In 2025, Great Meadow FCU underwent a regulatory examination conducted by the National Credit Union Administration, the federal agency that supervises and insures credit unions. We are pleased to report that the examination reflected the credit union’s strong financial condition, effective management, and commitment to sound operations. In addition to regulatory oversight, independent external audits of both our financial statements and loan portfolio were completed. These audits were conducted without any material findings, reinforcing the strength, transparency, and integrity of our operations. The Board remains committed to strong governance and oversight, ensuring the credit union operates safely, soundly, and always in the best interest of its members. We take our fiduciary responsibility seriously and continuously monitor risk, financial performance, and regulatory compliance. We work closely with management to support strategic initiatives that promote sustainable growth, expanded services, and an enhanced member experience. The Board also supported key technology initiatives implemented this year. While transitions can present challenges, these investments were made to strengthen long-term service, security, and value for our members. We also recognize the important role of the Supervisory Committee in providing independent oversight of our operations. In a time of continued change across the financial services industry, including the decline in the number of credit unions and community banks, your credit union remains stable, well-managed, and focused on serving its members. Based on the strength of the organization today, we are confident in its continued success and its ability to meet the evolving needs of our membership. I would like to extend my sincere thanks to our leadership team and staff for their dedication and professionalism. Their efforts are essential to the success of this organization. I would also like to thank my fellow Board members and Supervisory Committee for their continued service and commitment. Most importantly, thank you to our members. Your trust and participation are what make Great Meadow Federal Credit Union strong. We are honored to serve you and remain committed to supporting your financial well-being. Sincerely, Mary Ann Nims Chairperson, Board of Directors Great Meadow Federal Credit Union

Supervisory Chair Report

Dear Members, The Supervisory Committee is responsible for ensuring that Great Meadow Federal Credit Union operates in a safe and sound manner, with appropriate internal controls and in compliance with applicable laws and regulations. The Committee functions independently of management and the Board of Directors to provide oversight on behalf of the membership. During 2025, we fulfilled our responsibilities through a combination of internal reviews and independent external audits. An external audit of the credit union’s financial statements was conducted, along with a review of the loan portfolio. Both audits were completed without any material findings, confirming the accuracy of financial reporting and the overall strength of internal controls. In addition, the credit union underwent its regular examination by the National Credit Union Administration, the federal agency that supervises and insures credit unions. The results of this examination further supported the credit union’s sound operations and financial condition. As part of our responsibilities, we also completed a verification of member accounts in 2025. This process helps ensure that member account records are accurate and that member assets are properly safeguarded. Based on our reviews and the results of independent audits, we are confident that Great Meadow Federal Credit Union remains financially strong and well-managed. We would like to thank management and staff for their cooperation and commitment to maintaining high standards of integrity and accountability. We also thank our fellow volunteers for their service. Most importantly, we thank our members for their continued trust and confidence in the credit union. Sincerely, Thaddeus Sipowicz Chairperson, Supervisory Committee Great Meadow Federal Credit Union

CEO Report

Dear Members, On behalf of the Board of Directors, management team, and staff of Great Meadow Federal Credit Union, I am pleased to present our report for 2025 and share our outlook for 2026 and beyond. This past year was one of strong growth, strategic investment, and continued commitment to our members and communities. In 2025, we achieved asset growth of over 16%, loan growth exceeding 11%, and net worth growth of more than 7%. Total assets reached approximately $79 million, while member shares grew to over $69 million, demonstrating the continued trust you place in your credit union. We also expanded our impact. Our community charter now includes additional counties across New York and Vermont, allowing us to serve more individuals and families. We enhanced member access by relocating our Queensbury branch to a new, more convenient Route 9 location. A major focus this year was investing in technology. We implemented a new core processing system and upgraded our online and mobile banking platforms. We understand these changes were not without challenges, and we sincerely appreciate your patience. Change is never easy, but these upgrades were made to better serve you. These improvements provide meaningful benefits, including earlier access to ACH and payroll deposits, up to two days sooner, enhanced security, and improved tools for opening accounts and applying for loans online. Additionally, incoming deposits are now processed before outgoing transactions, helping reduce overdraft situations. These enhancements are designed to give our members stronger financial tools and a better overall experience. We are also proud to once again be recognized among the top financial institutions in our region, reflecting our ongoing commitment to service and community impact. None of this success would be possible without our dedicated staff. Their tireless efforts, professionalism, and commitment to our members are the foundation of everything we do, and we are truly grateful for their work. Looking ahead, 2026 will bring continued progress. We are preparing to break ground on a new branch in Greenwich while continuing to expand our products, services, and digital capabilities. Beyond our credit union, I am honored to serve as Vice Chair of the New York Credit Union Association, Chair of its Government Affairs Committee, and Chair of FOCUS NY. These roles allow us to advocate for policies that strengthen credit unions and protect our members. While the number of credit unions and community banks continues to decline nationwide, your credit union remains strong, growing, and making a meaningful impact in the communities we serve. These investments position us not only to keep pace, but to lead. Thank you for your continued trust and membership. Sincerely, Ryan Roberts CEO Great Meadow Federal Credit Union

Historical Statistics

Comparative Balance Sheet

Comparative Income Statement