Have Extra Baggage? Standard Rates As Low As 8.50% APR. January 1 and March 31, Take Advantage of our VISA BALANCE TRANSFER OFFER!

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1 First Quarter 2015 This year, Kern Schools will celebrate 75 years as a federal credit union! As part of our diamond anniversary, we are Have Extra Baggage? Outstanding Credit Card Balances Out of Control? raffling off 75 prizes to commemorate each of these years. To participate, simply register at any of our branch locations or online at between January 26th and April 17th for a chance to win an ipad, amusement park tickets, gift cards, and much more! Winners will be announced on Monday, April 20, Take Advantage of our VISA BALANCE TRANSFER OFFER! MARK YOUR CALENDAR All offices will be closed on the following dates: Martin Luther King, Jr. Day Promotional Rates As Low As 4.99% APR * on All Visa Credit Card Balance Transfers made between Monday, January 19 January 1 and March 31, 2015 Presidents Day Following this Promotion, Monday, February 16 Standard Rates As Low As 8.50% APR. *Actual rates are based on your creditworthiness. Promotional Rates range from 4.99% APR to 12.99% APR and will apply to balance transfers made between January 1, 2015 and March 31, Standard Rates range from 8.50% APR to 17.90% APR and will apply beginning with your April 2016 statement cycle. Rates are variable and are subject to change. All loans are subject to credit approval. Fees include a cash advance fee of $10.00 or 2.0% of each cash advance, whichever is greater, and a foreign transaction fee of 1%, in U.S. Dollars, for certain international transactions. (661) *

2 Are You Sour About Your Current Auto Loan? 1.99 % 2.24 New Auto Rates As Low As % APR* Up to 66 Months Used Auto Rates As Low As APR * Up to 66 Months Rates reflect a discount for maintaining estatements, enotices, and Automatic Loan Payments from a Kern Schools account. NO PAYMENTS FOR 90 DAYS! *The 1.99% APR (Annual Percentage Rate) applies to new autos and the 2.24% APR (Annual Percentage Rate) applies to used autos and is based on various factors. The 1.99% and the 2.24% reflect a 0.25% discount for maintaining a paperless account (estatements and enotices) with Automatic Loan Payments from a Kern Schools Federal Credit Union account. The 1.99% APR includes 66 monthly payments of $16.01 per month per $1,000 borrowed. The 2.24% APR includes 66 monthly payments of $16.12 per month per $1,000 borrowed. No payments for 90 days. Federally Insured by NCUA COMPLIMENTARY FINANCIAL WORKSHOPS ESTATE PLANNING February 2015 HOME BUYING Thursday, March 26, :00 p.m. - 7:30 p.m. RSVP at or call (661) Kern Schools Wealth Management division is here to help you make sound financial decisions based upon your risk tolerance and investment timelines. Together, we ll develop a plan to assist you in reaching your financial goals. Below are just a few of the many services offered through LPL Financial: Retirement Planning Estate Planning Annuities Charitable Giving Financial Needs Analysis 403(b), Roth 403(b), and 457(b) Tax Strategies IRA Options Life Insurance 401(k) / Pension Rollovers Inheritance Brokered CDs Mutual Funds And Much More! Jim Hussey, Director of Wealth Management CA Insurance License #0E24250 T (661) Jim.Hussey@ksfcu.org Buena Vista River Run Town & Country John Border, Financial Consultant CA Insurance License # T (661) John.Border@ksfcu.org Ming Panama Tehachapi Express (661) Dustin Weaver, Financial Advisor *Securities offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Kern Schools Federal Credit Union and Kern Schools Wealth Management Investment and Insurance Services are not registered broker/dealers and are not affiliated with LPL Financial. The investment products sold through LPL Financial are not insured Kern Schools Federal Credit Union deposits and are not NCUA insured. These products are not obligations of Kern Schools Federal Credit Union are not endorsed, recommended or guaranteed by Kern Schools Federal Credit Union or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. T (661) Dustin.Weaver@ksfcu.org CA Insurance License #0E55105 Downtown Mt. Vernon Rosedale

3 2015 ANNUAL BUSINESS MEETING Applications for the Board of Directors If you wish to be considered, or would like to nominate one of your peers, for a position on the Kern Schools Federal Credit Union Board of Directors, application packets for potential candidates are available at all branch offices. As required by Kern Schools bylaws adopted in accordance with NCUA regulations on June 27, 2011, potential candidates must obtain the signature of 500 Kern Schools Members to be considered; the Signature Petition form is included in the application packet. The deadline for application submission is no later than Friday, February 20, 2015, 12:00 p.m. (noon). Mail or Deliver Application to: Mail: Kern Schools Federal Credit Union Attn: Patti Reed P.O. Box 9506 Bakersfield, CA Deliver: Kern Schools Federal Credit Union Administrative Offices Attn: Patti Reed Bolthouse Drive Bakersfield, CA If you have any questions, please contact us at (661) , extension EVENT INFORMATION TO FOLLOW IN THE COMING WEEKS. Incumbents running for re-election are: Mr. Mike Kileen, Mr. Carl B.A. Lange, III, Dr. Larry Reider, and Dr. Dennis Scott. If the number of nominees equals the number of positions to be filled, an election will not be conducted by ballot and there will be no nominations from the floor. Please see reverse for Incumbent Biographies.

4 2015 INCUMBENT BIOGRAPHIES In the event of an election, candidate biographies will be available at all ballot sites. Mr. Mike Kileen, Director Mr. Mike Kileen provided thirty-four (34) years of service in the field of education and retired as Assistant Superintendent of Business Services for the Panama-Buena Vista Union School District. Mr. Kileen has served on Kern Schools Federal Credit Union s Board of Directors since During his tenure, he has held many positions of the Board, and currently serves as Chairperson of the Electronic Risk and Security Assessment Committee. As part of his community involvement, Mr. Kileen is affiliated with local, state, and national educational and technological organizations, and currently serves as President of the Bakersfield Christmas Parade Board of Directors. Mr. Carl B.A. Lange, III, Director Mr. Carl B.A. Lange provided service in the field of education for more than forty (40) years as a teacher, employee for the Kern County Superintendent of Schools Schools Legal Services division, and part-time staff member with California Teachers Association Southern Section Credit Union. After serving on the Supervisory Committee, Mr. Lange was elected to the Kern Schools Federal Credit Union Board of Directors in October Dr. Larry Reider, Director Dr. Larry Reider provided forty-four (44) years of service in the field of education as a teacher, principal, school district superintendent, and Superintendent for the Kern County Superintendent of Schools. Dr. Reider has served on Kern Schools Federal Credit Union s Board of Directors since During his tenure, he has served on the Personnel, Credit Union Services, and Facilities Committees, as well as Chairperson of the Board. As part of his community involvement, Dr. Reider serves on several non-profit organization boards. Dr. Dennis Scott, Chairperson Dr. Dennis Scott provided thirty-eight (38) years of service in the field of education, including fourteen (14) years as Associate Superintendent of Business for the Kern High School District. Dr. Scott has served on Kern Schools Federal Credit Union s Board of Directors since 2009 and currently serves as Chairperson of the Board of Directors. He previously served as Treasurer of the Board and Chairperson of the Asset/Liability Committee (ALCO). Prior to 2009, Dr. Scott served for five (5) years as a member of Kern Schools Supervisory Committee. Federally Insured by the NCUA

5 Buying is better when paying is fast and secure Kern Schools simplifies online payment with Visa Checkout To learn more, visit EQUAL HOUSING LENDER THE TIME IS NOW! WAITING FOR THE PERFECT OPPORTUNITY TO PURCHASE OR REFINANCE YOUR HOME? 60 Day Lock at No Cost 100% Gift Funds Allowed Owner Occupied Second/Vacation Homes Investment Properties In-house Underwriting, Processing, and Funding Home Loan Center 4530 Ming Avenue (661) MESSAGE FROM Steve Renock, President/CEO In 2015 Kern Schools Federal Credit Union celebrates the seventy-fifth anniversary of the receipt of our federal credit union charter. For seventy-five years, we have been through all of the ups and downs of Kern County, sharing them with you and always doing our best to keep foremost the interest of our Members. The Credit Union is built on the loyalty of our Members and the direction provided by our Board of Directors, who serve in that capacity as volunteers. As a not-for-profit financial cooperative institution, we can allocate more of our revenues to providing our Members with the products and services they want, while endeavoring to provide very competitive rates on our loans and deposits. Thanks to you, our loyal Members, for your support and trust over the years. While we are seventy-five years old and thriving, we think the best is yet to come. SPRINT CREDIT UNION MEMBER DISCOUNT

6 Did you know high school students represent 20% of the blood supply donated during the school year? Make an appointment today! Visit or call (661) High School Blood Drive Challenge Kern Schools is pleased to announce a new partnership with Houchin Community Blood Bank. This partnership is part of Houchin s Give It Up High School Blood Drive Challenge, and encourages the general public to participate and credit their favorite local high school. The Kern County high school that receives the most credited blood donations at Houchin s donor centers will receive a custom trophy and other prizes from Kern Schools at the 2015 Give It Up High School Blood Drive Challenge Awards Luncheon. We will also provide $250 scholarships to two specially chosen students involved with the blood drives. The partnership is currently being promoted on KGET-17 via commercials and on their website at IRA Contribution Limits Roth IRA Traditional IRA Maximum Contribution Limits: $5,500 Catch-Up Contributions Age 50+: $1,000 Additional (Total combined contributions to Roth and/or Traditional IRAs may not exceed these amounts.) The IRS allows you to contribute to an existing IRA for the previous year up until the normal federal tax deadline. This means for 2014, that you may contribute at anytime during 2014, and up until April 15th, If you make your contribution after January 1st but before the April 15th deadline, you need to designate the contribution year you intend to target. Please note, you may also establish an IRA in 2015 for the previous tax year. The establishment deadline is the same as the tax deadline ofapril 15th, Please consult with your tax advisor for details on how an IRA may provide you tax-deferred or tax-free savings. With TurboTax and Kern Schools, it s easy to do your own taxes and save money. TurboTax coaches you every step of the way to the biggest refund you deserve, searching over 350 deductions and credits as you go. Kern Schools offers you a savings of up to $15 on TurboTax federal products. Start TurboTax today and save! Intuit Inc. All rights reserved. State filing charges apply. Limited time offer for TurboTax Terms, conditions, features, availability, pricing, fees, service and support options subject to change without notice. Intuit, TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners. OFFICES Buena Vista OFFICES Downtown Downtown Ming River Mt. Run Vernon Ming Panama University Rosedale Centre Mt. River Vernon Run Panama Town & Country Rosedale Tehachapi Home Loan Center Tehachapi Home Loan Center 3300 Buena Vista Road, Ste. J 2424 Chester Avenue Chester Ming Avenue Coffee Mt. Vernon Road Avenue Ming Panama Avenue Lane Ming Rosedale Avenue Highway Mt. Coffee Vernon Road Avenue Panama Stockdale Lane Highway, Ste. P Tucker Rosedale Road, Highway Ste. A & B (Drive 4530 Up Ming Only) Avenue 821 Tucker Road 4530 Ming Avenue OFFICE HOURS Monday - Thursday 9:00 a.m. - 5:00 p.m. Friday 9:00 a.m. - 6:00 p.m. Saturday 9:00 a.m. - 1:00 p.m. Downtown and Town & Country are closed on Saturdays. Monday - Thursday Friday Saturday Tehachapi Monday - Friday 10:00 a.m. - 6:00 p.m. Tehachapi Monday - Friday 10:00 a.m. - 6:00 p.m. Communications Center Business Services DataVoice (661) / (800) (661) / (866) (661) / (800) Home Loan Center Wealth Management (661) (661) EQUAL HOUSING LENDER