AdelFi Credit Union Vote

On January 28, 2025 the Board of Directors of your credit union approved a proposition to merge with Christian Community Credit Union and to convert from federal share (deposit) insurance to private insurance. You are encouraged to attend a special meeting of our credit union at 135 South State College Boulevard, Suite 150, Brea, CA 92821 on July 22, 2025 at 9:00 AM (PT) to address this proposition. You can also join the meeting virtually at CUBallot.com/AdelFiBanking-Meeting. Please note that you will need to enter your member number or account number + date of birth or last four digits of your SSN/EIN to join the meeting online.

Purpose of Meeting
The meeting has two purposes:

1. To consider and act upon a proposal to merge our credit union with Christian Community Credit Union, the continuing credit union.
2. To approve the action of the Board of Directors of our credit union in authorizing the officers of the credit union, subject to member approval, to carry out the proposed merger.

Insurance Conversion
Currently, your accounts have share insurance provided by the National Credit Union Administration, an agency of the federal government. The basic federal coverage is up to $250,000, but accounts may be structured in different ways, such as joint accounts, payable-on-death accounts, or IRA accounts, to achieve federal coverage of much more than $250,000. If the merger is approved, your federal insurance will terminate on the effective date of the merger. Instead, your accounts in the credit union will be insured up to $250,000 by American Mutual Share Insurance Corporation (American Share), a corporation chartered by the State of Ohio. The federal insurance provided by the National Credit Union Administration is backed by the full faith and credit of the United States government. The private insurance you will receive from American Share, however, is not guaranteed by the federal or any state or local government.

Other Information Related to the Proposed Merger
The directors of the participating credit unions carefully analyzed the assets and liabilities of the participating credit unions and appraised each credit union’s share values. The appraisal of the share values appears on the attached individual and consolidated financial statements of the participating credit unions.

The directors of the participating credit unions have concluded that the proposed merger is desirable for the following reasons:

Celebrating over 68 years, Christian Community Credit Union has a full range of products and services, including those that you currently enjoy, along with other benefits such as:

• A physcial branch location in San Dimas, CA, with Monday through Friday hours of operation, as well as continued access to CO-OP’s 5,000+shared branch locations and 30,000+ surcharge-free ATMs
• Increased internal support team for in-person, phone and online assistance
• Mortgages and HELOC loan products
• Overdraft lines of credit and overdraft protection programs
• Expanded options for construction lending to support ministry projects
• Improved credit and debit card offerings with rewards and cash back benefits
• Enhanced business/ministry credit cards offering 1.5% rewards or cash back benefits
• Equipment loans for ministries, churches and businesses

The Board of Directors of our credit union believes the merger should not include an adjustment in shares for the following reasons: Our credit union’s share value approximates Christian Community Credit Union’s share value, so no adjustment is necessary.

The main office of the continuing credit union will be as follows:

• 255 N. Lone Hill Avenue, San Dimas, CA 91773

California Financial Code §15201(b) provides that the Board of Directors of the credit union may apply to the Commissioner for approval of a merger in accordance with a plan of merger approved by a majority of the Board of Directors of each credit union that is a party to the merger, even though less than a majority of the outstanding members of a disappearing credit union has voted to approve the merger. In order to approve a merger in such a case, the commissioner must find, upon the written and verified application filed by the board of directors, that (1) notice of the meeting called to consider the merger or the ballot for written vote on the merger was mailed to each member entitled to vote upon the question, (2) the notice or ballot disclosed the purpose of the meeting or the written vote, (3) the notice or ballot informed the membership that approval of the merger might be sought pursuant to this section, and (4) a majority of the votes cast upon the question were in favor of the merger.

This notice is to advise you that the purpose of the membership meeting scheduled for July 22, 2025 is to vote on the question of whether this credit union should merge with and into Christian Community Credit Union. Further, this is to advise you that the Board of Directors may make an application under Financial Code §15201(b) for approval of the merger in the event that a majority of all members of this credit union do not vote to approve the merger in person at the meeting or by Ballot.

NCUA regulations state that approval of a conversion of federal to nonfederal insurance requires the affirmative vote of a majority of the credit union’s members who vote on the proposition, provided at least 20 percent of the total membership participates in the voting. Accordingly, the National Credit Union Administration will not approve the conversion to private share insurance, regardless of the vote, unless at least 20 percent of the total membership votes and the majority of them vote to convert. If NCUA does not approve the conversion, AdelFi Credit Union will not be allowed to convert. Additionally, federal law prohibits the use of proxy voting in this instance.

Enclosed with this Notice of Special Meeting is a Ballot for Merger Proposal and Conversion to Nonfederally-insured Status. If you cannot attend the meeting, please complete the ballot and return it to E Space Communications Inc., PO Box 3156, Dublin, OH 43016 by no later than 9:00 AM (PT) on July 22, 2025. To be counted, your ballot must reach E Space Communications Inc. by the date and time announced for the meeting.

By order of the Board of Directors

Todd Anderson
Chairperson of the Board of Directors

June 23, 2025