Loan Rates Savings RatesProduct Type APR1 Product Type APY2

Vehicle Loans As Low As 2.95% Savings Accounts Up to 0.25%Personal Loans As Low As 8.75% Checking Accounts Up to 0.10%Share Secured As Low As 3.50% IRA Accounts Up to 0.75%VISA Credit Cards As Low As 6.15% Money Market Accounts Up to 0.35%Home Equity Loans As Low As 4.50% Share Certificates Up to 1.10%Fixed-Rate Equity As Low As 6.25% IRA Share Certificates Up to 1.25%

April 3, 2016 Dear Valued Member: Being a member-owned financial cooperative, we exist to serve our members. We have no outside shareholders, only members like you, which is why we focus on the philosophy of “people helping people”. Credit Unions operate democratically, which affords every member the right to vote to elect the Board of Directors. Board members are non-paid volunteers, so you can be assured that their focus is to make decisions that are in the best interest of the entire membership. The active involvement of volunteers is critical to the success of your credit union. In accordance with the credit union’s bylaws, it is the duty of the nominating committee to nominate at least one individual for each vacancy on the credit union Board of Directors. Beginning in June 2016, there will be three vacancies, each for a term of three years, to be filled. The following nominees have been submitted by the Nominating Committee: Clara Newnam, Incumbent

Mrs. Newnam has been a credit union member for 51 years and has served on the credit union Board of Directors for 40 years. She has held the position of Secretary during her entire tenure. Mrs. Newnam is a participant in the Credit Union Volunteer Achievement program. She retired from Cone Mills Corporation after 33 years and held various positions. Mrs. Newnam is a former member of the Professional Secretaries International and held several offices. She was employed as a Tour Director at Holiday Tours for 18 years and received multiple awards. Mrs. Newnam is a member of Pleasant Garden Baptist Church.

Louise Pinkelton-Hofer, Incumbent Mrs. Pinkelton-Hofer has been a credit union member for 51 years and has served on the Board of

Directors for 23 years. During her tenure, she has served as the Membership Officer for 23 years, is a member of Select Employee Group Committee and served on the Building Committee for the main office building project. Mrs. Pinkelton-Hofer was a participant in the Credit Union Volunteer Achievement Program. She is retired from Cone Mills Corporation where she held the position of Product Development Coordinator. She is very active in her community and currently serves on the Board of Directors of Moses Cone Health System as the Emergency Department Liaison, is a member of the Greensboro Police Citizens Advisory Committee and is beginning her seventh term as the President of the Gateway Civitan Club. She also serves as the Lieutenant Governor for the North Carolina District East Civitan of Civitan International. Mrs. Pinkelton-Hofer regularly serves as a volunteer for Hospice and Cone Hospital. She is a member of the First Lutheran Church of Greensboro.

James (Gene) Knight Sr., Incumbent Mr. Knight has been a credit union member for 46 years. He is retired from Olympic Products, a division

of Cone Mills Corp., where he held the position of Personnel Director with over 28 years of service. He has served on the Premier FCU Board of Directors for 43 years and has held the following positions: Vice Chairman, Supervisory Committee member, Investment Committee, Select Employee Group Committee and the Building Committee (Greensboro and Graham projects). Mr. Knight has also participated in the Credit Union Volunteer Achievement program.

Nominations through the committee are now closed, however, nominations may also be made by petition, signed by 1% of the membership as of March 31, 2016 (with a maximum of 500 members). Each nominee must submit a brief statement of qualifications and biographical data with the petition. Nominations by petition must be accompanied by a signed certificate from the nominee stating that they are agreeable to the nomination and will serve if elected to office. All nominations by petition should be sent to the Secretary at the address below and must be received by May 11, 2016. Premier Federal Credit Union ATTN: Board of Directors Secretary PO Box 26590, Greensboro, NC 27415 Nominations by petition will subsequently be posted in each branch office. Members in attendance at the Annual Membership meeting will vote by ballot. The Annual Membership meeting will be held at the main office of Premier FCU located at 1400 Yanceyville Street, Greensboro, NC on June 20, 2016 at 4:00 pm. We look forward to seeing you there. Sincerely,

Lori Thompson President/CEO Lori.Thompson@PremierFCU.org 336.379.3540 | 800.873.2929 ext. 3540