Cincinnati Interagency Federal Credit Union

The Board of Directors of Cincinnati Interagency Federal Credit Union have called a special meeting of the members of this credit union on October 13, 2026, at 5:00pm ET at The Summit Hotel in the Walnut Hills Room. The address is 5345 Medpace Way, Cincinnati, OH 45227.

The purpose of this meeting is:

1. To consider and act upon a plan and proposal for merging Cincinnati Interagency Federal Credit Union (“CIFCU”) with and into Kemba Credit Union (“Kemba”), whereby all assets and liabilities of CIFCU will be merged with and into Kemba to form the combined credit union (hereinafter referred to as the “Continuing Credit Union”). All members of CIFCU will become members of the Continuing Credit Union and will be entitled to and will receive shares in the Continuing Credit Union for the shares they own in CIFCU on the effective date of the merger.
2. To ratify, confirm and approve the action of the Board of Directors in authorizing the officers of CIFCU, subject to the approval of members, to do all things and to execute all agreements, documents, and other papers necessary to carry out the proposed merger.

The Board of Directors of CIFCU encourages you to attend the meeting and vote on the proposed merger. Whether or not you expect to attend the meeting, we urge you to sign, date and promptly return the enclosed ballot to vote on the proposed merger. Note that each member may vote only once, regardless of method. If you wish to submit comments about the merger to share with other members, you may submit them to the National Credit Union Administration (NCUA) at Regulations.gov

Or mail to:

NCUA - Office of Credit Union Resources and Expansion

1775 Duke Street

Alexandria, VA 22314

RE: Member-to-Member Communication for Cincinnati Interagency Federal Credit Union

The NCUA will post comments received from members on its website, along with the member's name, subject to the limitations and requirements of its regulations.

Other Information Related to the Proposed Merger:

The Board of Directors has carefully evaluated and analyzed the assets and liabilities of the credit unions and the value of shares in both credit unions. The financial statements of both credit unions, as well as the projected combined financial statement of the Continuing Credit Union, follow as separate documents. In addition, the following information applies to the proposed merger.

Reasons for Merger: The Board of Directors has concluded that the proposed merger is desirable and in the best interests of members because together, we become more — empowering members, communities, and teams through a bold, unified future. Both organizations bring a strong legacy of member satisfaction, operational excellence, financial stability and community impact. The merger is driven by a shared strategic vision to deliver greater value to members and communities where they live, work and play through increased scale and complementary strengths. Combining credit union values with the operational strength of a larger organization, we will deliver meaningful and competitive products, services and experiences. Our shared focus on the members will ensure we stay local even while serving across more locations.

The Anticipated Benefits of the Merger Include:

Personalized Experiences. Our promise to our members includes service through a differentiated experience – one that is frictionless, intuitive and delivered by empathetic, highly engaged teams. The merger will allow the credit union to deliver competitive rates, expanded and more convenient locations and access to nationwide surcharge-free ATMs, better hours and intuitive digital banking. The Continuing Credit Union will serve members with integrity, respect and a deep sense of responsibility to help our members achieve greater financial confidence, resilience and opportunity.

Financial Wellness. The merger will expand our portfolio of products and services to meet diverse needs. Innovative offerings will be paired with financial education resources to empower members, promote long-term financial well-being and ensure all members have the opportunity to grow, thrive and reach their goals. Through access to expert resources, members will receive personalized guidance on budgeting, saving, credit management, debt reduction, homeownership preparation and retirement planning. This personalized support fosters deep financial confidence and delivers lasting member value.

Enhanced Products and Services. This merger is an expansion of what we can offer our members. By combining the complementary strengths of Kemba and CIFCU, we are delivering a broader, more powerful suite of products and services designed to meet members' needs at every stage of life. From high-yield savings products and flexible loan solutions to advanced digital tools and personalized financial guidance, this merger unlocks greater value, more choices and deeper support for every member we serve. This will include:

• Deposits That Work Harder for Our Members. From saving for a dream vacation to simply seeking more flexibility with deposit options, members will have access to enhanced savings and certificate options.
• Lending That Understands Real Life. The Continuing Credit Union will create more ways to say “yes” to our members’ financial dreams. While continuing to offer products like secured loans and auto loans, we will also offer payday alternative loans that prioritize relationships over credit scores. Overall, the Continuing Credit Union will offer options for lending with more flexible terms, more tools to build financial strength.
• An Enhanced Wealth Journey. No matter where our members are in life, their financial future stays on course with wealth management services. The Continuing Credit Union will continue working with members in this area, offering deeper expertise and new opportunities tailored to members’ goals.
• Mortgages That Move Our Members. Every member who dreams of owning their own home can rest assured that the Continuing Credit Union will work with them to plan, save and purchase when the time is right. Product options will range from construction loans, to FHA and VA loans, helping everyone from first-time homebuyers to military families find a place to call home.
• Powering Local Business with Heart and Strategy. We believe local businesses are the heartbeat of our communities and we’re here to help them thrive. The Continuing Credit Union will continue a powerful legacy in commercial real estate and treasury services, while adding commercial experience and a business banking team ready to support small businesses.
• Harnessing Data to Offer What Matters. A critical enabler of creating value for our members will be our ability to harness data-driven insights. The Continuing Credit Union will synthesize strengths to more effectively capture and act on member feedback, allowing us to tailor offerings, improve service delivery and innovate with greater precision. Doing so will ensure we are grounded in what matters most to our members, fostering deeper relationships, trust and long-term financial well-being.

Net Worth: As member-owned financial cooperatives, both credit unions have accumulated capital through the collective participation and patronage of their members. Because CIFCU maintains a substantially higher net worth ratio than Kemba, the Boards of Directors of both credit unions believe it is appropriate and equitable to distribute a portion of CIFCU's excess net worth prior to consummation of the merger so that members receive a fair benefit from the capital they helped create. The Boards have approved a Net Worth Equalization plan that includes the following:

1. Member Bonus Dividend A one-time bonus dividend equal to 1.00% of eligible members' deposit balances as of December 31, 2025.
2. Loan Interest Rebate A rebate equal to 25% of loan interest paid by eligible members during calendar year 2025.
3. Employee Retention and Transition Benefits NCUA Regulations require merging credit unions to disclose certain increases in compensation that any of the merging credit union's officials or the five most highly compensated employees have received or will receive in connection with the merger. The following individuals have received or will receive such compensation:

Karen Anderson, Chief Executive Officer (CEO) – Ms. Anderson’s role as CEO will be eliminated as part of the merger. She will be retained as a consultant for up to three months following the completion of the merger under the terms of a consulting agreement. She will receive a consulting fee of $158,426.82 which is equal to one weeks’ pay for each year of service (42 years), three years’ worth 401(k) forfeited contributions, three years of Medicare reimbursement lost due to the merger, and all applicable cost of living adjustments and taxes.

Angie Preston, Member Service and Operations Manager - Ms. Preston’s employment will be continued post-merger. She will receive $49,177.96 as a retention bonus equal to one week’s pay for each year of service (32 years).

Tina Gallimore, Lending and Marketing Manager – Ms. Gallimore’s employment will be continued post-merger. She will receive $48,776.22 as a retention bonus equal to one week’s pay for each year of service (25 years).

Kathy Kirk, Member Service Representative – Ms. Kirk’s employment will be continued postmerger. She will receive $29,318.69 as a retention bonus equal to one week’s pay for each year of service (24 years).

Patrick Anello, Member Service Representative – Mr. Anello’s employment will be continued post-merger. He will receive $8,860.03 as a retention bonus equal to one week’s pay for each year of service (8 years).

Main Office and Branch Locations: CIFCU’s current main office at 26 Martin Luther King Dr W, Cincinnati, OH 45220, will close. The Continuing Credit Union’s headquarters will be located at 5600 Chappell Crossing Blvd, West Chester, OH 45069.

All CIFCU branches will close as a result of this merger. Attached is a list of all Continuing Credit Union branch locations.

Changes to Services and Member Benefits: As summarized above, the Continuing Credit Union represents an expansion of what we can offer our members. We will offer competitive rates, expanded and more convenient locations and access to nationwide surcharge-free ATMs, better hours and intuitive digital banking. By combining the complementary strengths of Kemba and CIFCU, we are delivering a broader, more powerful suite of products and services designed to meet members' needs at every stage of life. From high-yield savings products and flexible loan solutions to advanced digital tools and personalized financial guidance, this merger unlocks greater value, more choices and deeper support for every member we serve.

Merger Approval and Ballot: Please note that the proposed merger must have the approval of the majority of members who vote. In accordance with its Bylaws, CIFCU is conducting the member vote on the merger proposal through mailed ballots to CIFCU’s members, as well as an in-person special meeting. The ballot distribution, collection, custody and tabulation will be conducted entirely by an independent third-party company.

Enclosed with this Notice of Special Meeting is a Ballot for Merger Proposal. If you cannot attend the meeting, please complete the Ballot and return it by U.S. Mail to: Schmidt & Associates - Election Processing, P.O. Box 2588, Columbus, OH 43216. A postage paid envelope is enclosed for your convenience.

Your ballot must be received by no later than October 13, 2026, at 12:00 pm ET. Mailed ballots received after this date and time will not be counted.

K.E. Anderson

CEO

Cincinnati Interagency Federal Credit Union