P.O. Box , Dallas, Texas / 6801 Parkwood Blvd., Suite 300, Plano, TX /

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1 DATE: May 23, 2017 TO: FROM: All League Member Credit Unions In Asset Category Two, Region 5 Attention: CEO or Manager Linda Cates, Corporate Secretary SUBJECT: Nomination of Director Candidates for Asset Category Two, Region 5 (assets of $35M - $100M) Nominations due Tuesday, June 13, 2017 A vacancy has occurred on the Board of Directors of the Cornerstone Credit Union League in Asset Category Two, Region 5 credit unions with assets of $35 million to $100 million. In accordance with the Cornerstone Credit Union League ( League ) Bylaws, Article VI, Section 3, and the Policies and Procedures established by the Board of Directors, as a member of the League in Asset Category Two Region 5, you have the right to nominate one League director candidate within your credit union s region and asset category based on your credit union s total assets on June 30, 2016, as reported to your regulatory agency. Term The person elected to fill this vacancy will begin serving upon conclusion of this election and will serve the remaining term for this position which ends following the adjournment of the League Annual Meeting in April of Eligibility To become an eligible candidate as a League director, the individual must be: (1) either senior level management staff or an elected or appointed official of the member credit union which he/she is representing, which credit union must be in the asset category for which the director is elected and maintain its principal office within the region from which the director is elected, and (2) a member of a League member credit union. Definitions The following definitions shall apply to individual credit union officers: (1) Senior level management staff means an individual having a title of branch manager, general manager, vice president, CFO, president, CEO or similar positions at the credit union. (2) President or CEO means a credit union president or chief executive officer regardless of whether elected or appointed. (3) Elected or appointed official means a voting member of the board of directors, credit committee or supervisory committee of a member credit union. (4) Represent or representing means being a senior level staff manager or an elected or appointed official at the present time, and any individual is still qualified to be elected and to continue to hold office as a director even if representing a different member credit union from the credit union he/she was representing when nominated or when elected, so long as the credit union he/she is representing has its principal office in the region in which he/she P.O. Box , Dallas, Texas / 6801 Parkwood Blvd., Suite 300, Plano, TX /

2 was elected and is within the same asset category and he/she has a qualifying position with the credit union. Director Responsibilities & Time Commitment see attached document describing a League director s responsibilities, experience and commitment as adopted by the League board. Instructions for Submitting a Nomination 1. In order to make a nomination, your credit union must authorize a person to complete the Nomination and Consent Form on your credit union s behalf. This person must be either a senior level staff employee or an elected or appointed official of your credit union. Nominations must be made by utilizing the attached Nomination and Consent Form and Nomination Seconding Form. 2. In order for the League to verify eligibility the Nomination and Consent Form must include: (1) the nominee s complete name and credit union position. (2) the nominee s signed consent. 3. Nominations are required to have a second, using the Nomination Seconding Form. Persons seconding a nomination must be a qualified person from a different credit union in the nominee s asset category and region. 4. Both the Nomination and Consent Form and the Nomination Seconding Form must be received at the Cornerstone Credit Union League by Tuesday, June 13, 2017, no later than close of business at 5:00 p.m. CST. Forms may be sent separately and in the following manner: (a) U.S. Postal Service or express mail or personal delivery to the following address: ATTN: Linda Cates, Corporate Secretary Cornerstone Credit Union League 6801 Parkwood Blvd., Suite 300 Plano, TX (b) or by facsimile to or to lcates@cornerstoneleague.coop. NOTE: The League will send you an acknowledgement upon receipt of your forms. 5. A detailed biographical description must be completed by each candidate and mailed to the League s Corporate Secretary no later than Tuesday, June 13, Attached is the Candidate s Profile & Director Information Questionnaire for this purpose. Once all the requirements for candidacy have been met, the names of candidates will appear on the ballot in order of the date the Nomination and Consent Form is received. Placement on the ballot will be determined by drawing for all forms received on the same date. If there is only one qualified nominee for the vacant director position in this asset category and region, no voting needs to be conducted and the candidate nominated is automatically elected as the director in accordance with the League Bylaws. Upon completion of the nomination process, if there is more than one nominee for this director position, the League will prepare and send an election ballot to all credit unions within the region and asset category. Election Ballots for all member credit unions in Asset Category Two, Region 5 will be mailed the week of June 15, Election ballots will be tabulated by the League s independent audit firm and the mailing will provide instructions. If you have any questions after reading this information, please contact the League at ext or and ask for Linda Cates (the League s Corporate Secretary) or P.O. Box , Dallas, Texas / 6801 Parkwood Blvd., Suite 300, Plano, TX /

3 Jack Blachly at Ext (the League s SVP and General Counsel). Please state that your question is regarding League Director nominations. Included with the call for nominations of League Director in Asset Category Two, Region 5: List of eligible League Member CUs in your Region and asset category Description of League Board of Directors Composition & Qualifications; Director Responsibilities, Experience & Commitment Nomination and Consent Form Nomination Seconding Form Candidate s Profile & Director Information Questionnaire P.O. Box , Dallas, Texas / 6801 Parkwood Blvd., Suite 300, Plano, TX /

4 Arkansas Region 5 Asset Category Two: Assets $35 million to $100 million reported as of 06/30/16 Credit Union First Name Last Name Phone Address City State Zip Assets Alcoa Community FCU Stephen Brown sbrown@alcoacfcu.org (501) PO BOX 1269 Benton AR ,391, Arkansas Employees FCU Windy Campbell wcampbell@arkansasefcu.org (501) S Cross St Little Rock AR ,836, Arkansas Superior FCU Dwayne Ashcraft dwayne@asfcu.coop (870) PO BOX 479 Warren AR ,136, Diamond Lakes FCU Tammy Passafiume tammyp@diamondlakesfcu.org (501) PO BOX 1080 Malvern AR ,844, Fairfield FCU Connie Wood connie@fairfieldcreditunion.org (870) PO BOX 5700 Pine Bluff AR ,029, Pine Bluff Cotton Belt FCU Dee Edie dee@pbcottonbeltfcu.coop (870) River Pines Blvd Pine Bluff AR ,917, Pine FCU Debbie Gatlin dgatlin@pinefcu.com (870) Jefferson Pkwy Pine Bluff AR ,869, River Valley Community FCU Mark Hixson markhixson@myrvcu.com (870) Cash Rd Sw Camden AR ,839, Timberline FCU Matt Jacobs mjacobs@timberlinefcu.org (870) PO BOX 929 Crossett AR ,794, TruService Community FCU Linda Jeffery ljeffery@truservice.net (501) PO Box Little Rock AR ,177, UARK FCU Gina Williams gina@uarkfcu.com (479) PO Box Fayetteville AR ,424,536.00

5 League Board of Directors Composition & Qualifications Number: The League Board is composed of 18 Directors; three from each of the six regions; and, each director from a region represents one of three designated asset categories. Assets are defined as total assets reported as of June 30, 2016 by each credit union to its regulator. A vacancy has occurred on the Board of Directors of the Cornerstone Credit Union League in Asset Category Two, Region 5 credit unions with assets of $35 million to $100 million. The person elected to fill this vacancy will begin serving upon conclusion of this election and will serve the remaining term for this position which ends following the adjournment of the League Annual Meeting in April of Qualifications: Each director elected must be: (1) Either senior level management staff or an elected or appointed official of the member credit union which he/she is representing, which credit union must be in the asset category for which the director is elected and maintain its principal office within the region from which the director is elected, and (2) A member of a member credit union. Director Responsibilities, Experience & Commitment It is the responsibility of the Board of Directors to strive to support and uphold the mission of the Cornerstone Credit Union League ( League ). The following outlines the expectations for a director elected to the Board. Experience: It would be highly desirable for a Director candidate to have experience serving as a member of a credit union or other credit union organization board (such as a chapter or CUSO). A director candidate should be willing and able to devote substantial time and effort to the credit union system at the expense of themselves and their organization and be able to support and encourage their colleagues to support the mission, vision, products and services of the League. While a director is elected by and from a specific asset category within a region, each League board member is serving for the betterment of the entire credit union system and is not representing only those credit unions within his/her region and asset category. Time Commitment: Regular League board meetings are held in-person throughout the year. Generally, regular meetings are quarterly; i.e., the months of March, June, September and December. A fifth meeting is the Board s organization meeting following the annual meeting in April. With regard to regular meeting attendance: Directors are to have no more than two (2) consecutive unexcused absences or a total of four (4) unexcused absences from the above meetings during a 3-year term. Unexcused absences exceeding these parameters are referred to the Board and the Board may declare the position vacant. Excused absences relate to death of a family member, or a health matter personally or that of an immediate family member, or the director is under subpoena to appear in court or jury duty. The minutes will record absences that are excused.

6 The schedule for regular board meetings in a calendar year is determined several months prior to the first regular meeting of the upcoming year. Additionally, from time to time special board meetings are called; these may be held inperson or telephonically. Further, directors could expect to be appointed to at least one League committee. Total time commitment for a board member with a committee appointment during a year can be estimated between 10 to 15 days. Duties Responsibilities: Directors have two basic duties. The first duty of directors is to exercise due care in holding their office on the board. In general, this means directors must give adequately of their time and pay attention to the League s affairs. Specifically, directors are required to attend as many board meetings as possible to stay informed about the League s business, such as reading the materials provided by staff in advance of meetings; by coming prepared to ask good questions and ask for more information if necessary; by staying generally abreast of credit union development, such as by reading other materials and publications from the League and other sources; and by exercising independent judgment on matters that come before the board. This approach of due care must be applied to all of the League board s responsibilities, such as approving the League s strategic plan, annual budget, the annual evaluation of the CEO, the adoption of positions on key legislative and regulatory issues and other general policies on how the League organization conducts its operation. The second duty of a director is to be loyal to the League. Basically, this means disclosing any conflict of interest a director may have in accordance with the League conflict of interest policy. When necessary, directors have a duty to refrain from participating in any Board decision that may involve divided loyalties on the part of that director. Being loyal also means that, if an opportunity comes along that would help the League, the director will do his/her best to make that opportunity available to the League ahead of him or herself or anyone else. Finally, it means that when acting in capacity as a League director, the person will always do what is in the League s best interest even if that means doing something different than a director would do as a representative of his/her asset category in the region. The board is entrusted with powers, which include areas such as appointing a CEO, supporting the organization s mission and goals, overseeing the financial well-being of the organization and reviewing and/or recommending governance issues. Included with Call for Nominations for 2017 Vacancy

7 Cornerstone Credit Union League Board of Directors NOMINATION AND CONSENT FORM FOR ASSET CATEGORY TWO DIRECTOR 2018 UNEXPIRED TERM Total Assets reported to regulator as of June 30, 2016 NOMINATIONS MUST BE RETURNED TO THE CORNERSTONE CREDIT UNION LEAGUE BY EITHER USPS MAIL, FAX, OR PERSONAL DELIVERY NO LATER THAN 5:00 p.m. CDT on June 13, 2017 I employee, of name of the following Region: TO BE COMPLETED BY THE NOMINATOR, an elected or appointed official, or senior level staff Credit Union, wish to place in nomination the for the position of League Director for Region 5 AR The nominee is (designate one): An elected or appointed official of Position held A president or CEO/Manager of A senior level management staff employee of Position held Nominee is a member of the following League member CU: Credit Union Credit Union Credit Union Authorized Signature of Nominator Title TO BE COMPLETED BY THE NOMINEE Nominee s Consent: I,, have examined the information on this form, confirm that it is correct and that I have consent of the credit union I will be representing, and hereby consent to being nominated to the above position. Nominee s Signature Nominee s Direct CU Phone Line: Nominee s Cell Phone Number: NOTE to Nominee: Please complete your Candidate Profile Form. All forms must be submitted by June 13, 2017 [they can be submitted separately] to the League Corporate Secretary. To: Cornerstone Credit Union League Attn: Linda Cates, Corporate Secretary Either by mail: PO Box , Dallas TX Or by Facsimile: Or by lcates@cornerstoneleague.coop

8 Cornerstone Credit Union League Board of Directors For Asset Category Two Director Unexpired Term 2018 NOMINATION SECONDING FORM For REGION: 5 NOMINATION SECONDS MUST BE RETURNED TO THE Cornerstone CREDIT UNION LEAGUE BY EITHER USPS MAIL, FAX, OR PERSONAL DELIVERY NO LATER THAN 5:00 p.m. CDT on June 13, 2017 ONE (1) NOMINATION SECONDING FORM IS REQUIRED FROM THE NOMINEE S REGION AND ASSET CATEGORY. THE PERSON FROM THE SECONDING CREDIT UNION AND THE PERSON FROM THE NOMINATING CREDIT UNION MUST BE FROM DIFFERENT CREDIT UNIONS in the same region and asset category as the candidate. I, an elected or appointed official, or senior level staff employee, of Credit Union SECOND THE NOMINATION of (name) for the position of League Director for the following region: Region 5 AR By: Authorized Signature of Seconder Date Position at Seconding Credit Union: To: Cornerstone Credit Union League Attn: Linda Cates, Corporate Secretary Mail: PO Box , Dallas TX Or Facsimile: Or lcates@cornerstoneleague.coop

9 Cornerstone Credit Union League Board of Directors For Asset Category Two Director Unexpired Term 2018 Candidate s Profile & Information Questionnaire For Region: 5 Candidates must complete type or print and return this Questionnaire to the Cornerstone Credit Union League Office no later than close of business at 5:00 p.m. CDT, June 13, 2017 Candidate s Name: Candidate s Credit Union: (as it should appear on the Ballot) (credit union name and city) Candidate s position At this Credit Union: (title) In 100 words or less, provide the information you wish to appear on the Candidate s Profile accompanying the election ballot: Date Candidate By: June 13, 2017 Return this Form To: Cornerstone Credit Union League Attn: Linda Cates, Corporate Secretary by mail: PO Box , Dallas TX by Facsimile: OR by lcates@cornerstoneleague.coop