First Entertainment Credit Union Charter Conversion Vote

Dear Member,

First Entertainment has always evolved alongside the people and industry we serve. Today, entertainment careers and opportunities extend far beyond Los Angeles, and we believe our credit union must be positioned to support our members wherever their work and lives take them.

After careful consideration, our Board of Directors has approved a proposal to convert First Entertainment from a state-chartered to a federally chartered credit union. This proposed change would better position us to grow, expand our reach, and continue serving the evolving needs of the entertainment community.

What won't change?

• We're still 100% member-owned.
• Your accounts, online and mobile banking, and deposit insurance remain the same.
• This is not a sale, merger or acquisition.

As a member-owner, you have a say in whether we make this change. There will be a member vote to decide on the conversion. Voting opens October 19 at 6pm Pacific Time and closes at our Special Meeting on October 29, 2026, at 7 PM Pacific Time. Results will be announced at the meeting. You can vote using the link below or mail in the attached ballot to CUBallot - Election Processing E Space Communications Inc. P.O. Box 3156 Dublin, OH 43016-9842 or deliver the ballot in person at the meeting.

Important Voting Information

Special Meeting: A Special Meeting of the members will be held on October 29, 2026, at 6pm Pacific Time in the Community Room at First Entertainment Credit Union headquarters located at 6735 Forest Lawn Dr., Hollywood, CA 90068.

Electronic and Mail in ballots: Electronic ballots may be submitted by choosting Begin Voting below using your unique election ID and required authentication credentials. Electronic ballots will be authenticated, received, retained, and tabulated by E-Space Communications and must be submitted no later than 7 PM Pacific Time on October 29, 2026, in order to be counted. The electronic voting system will maintain a record of each electronic ballot in a form capable of retention, retrieval, and review, and that may be rendered into clearly legible tangible form.

All mail-in ballots must be received by the designated election authority no later than 7:00 p.m. on October 29, 2026, in order to be deemed valid and eligible for inclusion in the official vote count. Ballots received after the established deadline, regardless of postmark date, delivery method, mailing delays, or any other extenuating circumstances, will not be accepted, opened, or tabulated. Members are strongly encouraged to allow sufficient time for delivery to ensure timely receipt. The deadline of 7:00 p.m. on October 29, 2026, shall be strictly enforced in accordance with the applicable election procedures, and only those ballots physically received by that time will be counted toward the final election results.

Quorum and approval: Each member is entitled to one vote, regardless of the number of shares held. At least fifteen (15) votes must be cast to meet the quorum requirement. Approval of the conversion requires the affirmative vote of a majority of the votes cast, provided the number of votes cast equals or exceeds the quorum requirement.

Reporting of results: Once tabulation is complete, the results of the vote will be forwarded to the California Secretary of State and the Commissioner of the California Department of Financial Protection and Innovation within ten days of the meeting, in compliance with California Financial Code § 15302.

Our Board of Directors and leadership team feel this conversion is in the best interest of all our members. I encourage you to learn more, cast your vote, and help shape the next chapter of First Entertainment.

Stephen Owen
President & CEO
First Entertainment Credit Union