MEMBERS EARN $1.4 MILLION WITH BONUS DIVIDEND IN DECEMBER

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1 Winter 2017 MEMBERS EARN $1.4 MILLION WITH BONUS DIVIDEND IN DECEMBER USU Credit Union members will collectively earn $1.4 million with a bonus dividend in December. The Board of Directors declared the one-time dividend of 4.15% Annual Percentage Yield (APY) in addition to the stated monthly dividend of 0.10% APY. Members will earn a total of 4.25% APY for the month of December on primary shares, secondary shares, Christmas Club shares, and IRA shares. We are thrilled with the continued loyalty and support from our members, administration and staff, said Bill Hart, Goldenwest Credit Union s Chairman of the Board. Goldenwest s success allows us to provide tangible value to members with the bonus dividend. For 13 consecutive years, Goldenwest has returned a total of $9.375 million to members through the bonus dividend program. Bonus dividend rates vary from year-to-year based on market conditions and the overall performance of the Credit Union. This year s pay-out is the largest one-time dividend earned by members in the Credit Union s history. The active participation of members both borrowing and saving has contributed to a year of strong growth and productivity for the Credit Union, said Kerry Wahlen, Goldenwest President/CEO. The bonus dividend is one of the many ways we reward our members for choosing us as their financial partner. It s been an eventful year for our Credit Union, including the opening of a USU Credit Union Welcome Center branch on the Utah State University campus in Logan and a merger announcement with Health Care Credit Union based in Salt Lake City. We are excited to welcome Health Care Credit Union members to the Goldenwest Credit Union family, added Wahlen. With the Health Care Credit Union merger, our not-for-profit financial cooperative will serve 120,000 members and add eight branches in Salt Lake County. Thank you for giving us the opportunity to serve you and your family. As your Credit Union, your financial well-being matters to us. We wish you a happy holiday season and prosperous New Year shared with the people who bring joy and meaning to your life!

2 GOLDENWEST AND HEALTH CARE CREDIT UNIONS ANNOUNCE INTENT TO MERGE On October 20th, the Board of Directors from Goldenwest Credit Union and Health Care Credit Union announced their intent to merge the two Utah-based Credit Unions. With the merger, Goldenwest s assets will grow to $1.27 billion and membership will exceed 120,000. Greater branch convenience will be available to all Credit Union members with a combined 36 locations from Logan to St George. We are delighted for this opportunity to expand the Goldenwest branch footprint in Salt Lake County, stated Kerry Wahlen, Goldenwest President/CEO. The merger complements our longterm growth strategy to better serve our members who live and work throughout the state of Utah. Goldenwest currently operates three branches in Salt Lake County with locations in Sandy, South Jordan and Herriman. A fourth branch is under construction in The Highlands shopping development in West Jordan, with an expected completion date in late January. The merger will add eight Salt Lake County offices to the Goldenwest branch network. The primary motivations for Health Care Credit Union to merge with Goldenwest include product expansion and increased access for members to accounts through a larger branch network, including the online and mobile branches. This merger will provide Health Care Credit Union members with the best financial products and services available in the market today and into the future, stated Scot Baumgartner, President/CEO of Health Care Credit Union. In particular, we re excited to significantly increase our technology-based services through Goldenwest s popular online and mobile banking platforms. As both Credit Unions are deemed financially secure, the merger is considered strategic in nature. Our Board considered several partners for a merger while we searched for a Credit Union with a strong commitment to providing high value for its members, said Randy Evans, Chairman of the Board for Health Care Credit Union. We re confident that Goldenwest will offer Health Care Credit Union members quality products and toprated service. Health Care Credit Union was established in 1950 at LDS Hospital. The Credit Union currently holds $75 million in assets, serves 7,600 members, and operates eight branches. We believe this merger is favorable for both Credit Unions, added Bill Hart, Board Chairman at Goldenwest. We enthusiastically welcome Health Care members to our Credit Union family, and invite Goldenwest members to enjoy the convenience of the additional branches in Salt Lake County. The merger is subject to final approval from regulators following a vote from Health Care Credit Union members in mid-december. Following final approval from HCCU members and regulators, the merger of the two credit unions is anticipated to take place in early January, with the operating systems merger scheduled for May 1, USE YOUR AGGIE VISA CARD FOR HASSLE-FREE TRAVEL REWARDS You never need to worry about the stress of redeeming points or miles for your desired travel plans again! The Travel Rebate program with the Aggie Visa Rewards Card allows you to make your own travel arrangements with your agent, or directly with an airline, cruise line, hotel or car rental provider. Simply pay for your travel-related purchases with your Aggie Visa Rewards Card, and after your travel is completed, receive a credit on all or a portion of your qualifying purchases!* 9,000 points = $100 rebate on air fare, cruise passage, hotel or car rental 35,000 points = $500 rebate on air fare, cruise passage, hotel or car rental You will earn one Extra Award point for every qualifying dollar in purchases. Plus, USU Credit Union has special promotions throughout the year for earning bonus points to help you enjoy your dream travel destination even faster! Once you complete your travel, you have sixty (60) days to claim the credit on your Visa account. USU Credit Union will be notified of the request, and the points will be immediately deducted from your account. Credit to your account will be issued by USU Credit Union within 30 days of your request if all eligibility requirements are met. Questions about Visa Rewards? Visit our website at usucu.org/visa/rewards, or call our Member Contact Center at We ll Take Care of You! *The dollar amount paid for the travel services must be equal to or exceed the rebate amount. Valid for airline tickets, cruise passage, hotels, car rentals and more. Not valid for gas, food, or other miscellaneous charges. The Extra Awards Program Rules are available on the USU Credit Union website at usucu.org/visa/rewards. Or call toll free Please note that the Visa Rewards program is available for USU Credit Union members as part of the Goldenwest Credit Union Rewards program.

3 VOLUNTEER BOARD POSITIONS AND ELECTION 2017 Three Credit Union members will be elected to the Goldenwest Board of Directors next spring. These positions are for three-year terms beginning April These seats are currently held by Tad Neuenswander, Karen Kagie, and Brandon Hendrickson, who will run as incumbents. If you are interested in becoming a Board nominee you must meet the following criteria: Goldenwest or USU Credit Union member in good standing Legal age (18 years or older) Bondable by the CUMIS Insurance Society Free from any conflicts of interest with the Credit Union Available for all Board of Director meetings and other designated meetings (unless excused) There are two ways a member may submit his or her name for nomination: 1) Members wishing to run for a Director position must submit the following information: Full name and address; Home and business telephone numbers; Goldenwest or USU Credit Union account number; and A written statement of qualification, which should be limited to a maximum of 150 words. All information should be submitted no later than 5:00 p.m. on Tuesday, January 10, 2017, to the following address: Goldenwest Federal Credit Union Governance Committee 5025 South Adams Ave Ogden, Utah ) Members may also be nominated via petition. To apply by petition you must submit the following information: Full name and address; Home and business telephone numbers; Goldenwest or USU Credit Union account number; A written statement of qualification, which should be limited to a maximum of 150 words; A petition signed by 500 Goldenwest or USU Credit Union members; and, A signed statement from the nominee that he or she is agreeable to the nomination and will serve if elected. All information for nomination by petition should be submitted no later than 5:00 p.m. on Wednesday, January 25, 2017 to the following address: Goldenwest Federal Credit Union Governance Committee 5025 South Adams Ave Ogden, Utah All Members Can Participate in the Election Nominees will participate in the general election by the membership on the dates of March 31 April 3, All Credit Union members are encouraged to vote. Candidate information and voting instructions will be sent to members prior to the election. Information will also be available in branches and on the Credit Union websites. Should only one qualifying member be nominated for each position that needs to be filled, an election will not be conducted by ballot. Nominations from the floor will not be accepted at the Annual Meeting. All Members Invited to Attend the Annual Meeting The Annual Meeting will be held at 6:30 p.m., April 11, 2017 at the Goldenwest Corporate Center located at 5025 South Adams Avenue in South Ogden. The election results will be announced at this meeting. The Board of Directors represents the views and interests of the entire membership, and exercises general control of the Credit Union s activities. Like all Credit Union volunteer officials, the Directors receive no compensation for their service. Any questions regarding duties and responsibilities of the Board of Directors, or about the election procedures, should be directed to Jeanette Smyth at , Chair of the Governance Committee.

4 MEMBERS FINANCIAL SERVICES TIME CAN BE A STRONG ALLY IN SAVING FOR RETIREMENT Father Time doesn t always have a good reputation, particularly when it comes to birthdays. But when it comes to saving for retirement, time might be one of your strongest allies. Why? When time teams up with the growth potential of compounding, the results can be powerful. Time and money can work together The premise behind compounding is fairly simple. Your retirement plan contributions are deducted from your paycheck and invested either in the options you select or in your plan s default investments. Your contribution dollars may earn returns from those investments, then those returns may earn returns themselves--and so on. That s compounding. Compounding in action To see the process at work, consider the following hypothetical example: Say you invest $1,000 and earn a return of 7%--or $70- -in one year. You now have $1,070 in your account. In year two, that $1,070 earns another 7%, and this time the amount earned is $74.90, bringing the total value of your account to $1, Over time, if your account continues to earn positive returns, the process can gather steam and add up. Now consider how compounding might work in your retirement plan. Say $120 is automatically deducted from your paycheck and contributed to your plan account on a biweekly basis. Assuming you earn a 7% rate of return each year, after 10 years, you would have invested $31,200 and your account would be worth $45,100. That s not too bad. If you kept investing the same amount, after 20 years, you d have invested $62,400 and your account would be worth $135,835. And after just 10 more years--for a total investment time horizon of 30 years and a total invested amount of $93,600--you d have $318,381. That s the power of compounding at work. Keep in mind that these examples are hypothetical, for illustrative purposes only, and do not represent the performance of any actual investment. Returns will change from year to year, and are not guaranteed. You may also lose money in your retirement plan investments. But that s why when you re saving for retirement, it s important to stay focused on long-term results. Also, these examples do not take into account plan fees, which will impact total returns, and taxes. When you withdraw money from your traditional (i.e., non-roth) retirement plan account, you will have to pay taxes on your withdrawals at then-current rates. Early withdrawals before age 59 (age 55 for certain distributions from employer plans) may be subject to a 10% penalty tax, unless an exception applies. Nonqualified withdrawals from a Roth account may also be subject to regular income and penalty taxes (on the earnings only--you receive your Roth contributions tax free). Scott Grover 890 E 700 N Logan, UT (435) sgrover@gwcu.org Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA / SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2016 SAVE ON HEALTH CARE COSTS With a USU Credit Union Health Savings Account (HSA), you or your employer can deposit funds to pay for current or future medical expenses. Funds can be used for qualified medical expenses, tax-free Save money tax-free for medical expenses. No minimum deposit or account balance required. No account maintenance or transaction fees. Unused money in your HSA can rollover from year to year. Your account stays with you wherever you work and after you retire. Free USU Credit Union HSA Visa debit card, HSA checks and online bill pay HSA INFORMATION Single Family Minimum Deductible $1,300 $2,600 Maximum Out-of-Pocket $6,550 $13,100 Contribution Limit $3,400 $6,750 * A catch-up contribution is in addition to the standard contribution limit and is available for eligible individuals who are age 55 or older by the end of their taxable year and are not enrolled in Medicare. To open a USU Credit Union HSA, visit any branch or call the Contact Center at Catch-Up Contribution Limit* $1,000 $1,000

5 RIBBON CUTTING IN OREM Goldenwest Credit Union marked the official opening of a new office in Utah County with a ribbon cutting ceremony on October 27th. The branch is located at 25 West Center Street inside Ridley s Family Market. Opening a branch inside Ridley s is a great opportunity to team up with a local retailer that is rapidly growing throughout Utah, stated Kerry H. Wahlen, Goldenwest Credit Union President/CEO. Goldenwest and Ridley s embrace many of the same ideals when it comes to providing a family-friendly, value-driven environment for members and consumers. We are excited to better serve our members and advance our plans for growth by opening a branch in the vibrant city of Orem located in the heart of Utah County, continued Wahlen. Goldenwest Credit Union s Newest Branch located in Goldenwest Board Chairman Bill Hart joined with Wahlen, Credit Union officers, managers and employees to officially open the new branch. Also participating in the ribbon cutting ceremony was Orem City Mayor Richard Brunst and Miss Orem Outstanding Teen Glory Thomas. Lifelong Orem resident Tyler Keil will manage all branch activity, originate mortgages and provide insurance services from the new office. Keil has been employed by Goldenwest for five years, and previously worked in a similar role for three years at the Credit Union s former Provo office North Main in Logan visit usucu.org for more information COLORING CONTEST WINNERS Congratulations to our winners of the Kids Club Fall Coloring Contest. Each winner will receive a $25 deposit into his or her Kids Club savings account. 0 4 Evelyn A. 5 8 Oakley J Brooklyn E. USU CREDIT UNION KIDS CLUB COLORING CONTEST Kids Club Member Name Age Parent s Name USU Credit Union Branch Location Print the next coloring page and learn more about Kids Club at usucu.org.

6 P.O. Box 1111 Ogden, Utah $1.4 MILLION BONUS DIVIDEND USU Credit Union Information Board of Directors Bill Hart, Chair Steve Carroll, Vice Chair Stoney Wayment, Secretary Jeanette Smyth Tad Neuenswander Karen Kagie Dan Musgrave Brandon Hendrickson Supervisory Committee Ron Gebhardt, Chair Karen Kagie, Board Liaison Noé Vázquez Mike Liptrot Andy Blackburn usucu.org usucu.mobi or youtube.com/goldenwestcu Follow CEO Goldenwest Corporate Office 5025 Adams Ave, Ogden, UT PO Box 1111, Ogden, UT USU Credit Union Main Office 198 N Main, Logan, UT PO Box 446, Logan, UT facebook.com/usucreditunion usucreditunion gwcu.org/presidents-blog