In 2017, we continued to focus on CMCU s three core pillars:

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1 ANNUAL REPORT 2017

2 CHAIR & CEO REPORT Dear Members, Another successful year for Central Minnesota Credit Union is in the books. As we continue to grow and strengthen each year, we like to take time to reflect on what we have accomplished to get to where we are today. In 2017, we continued to focus on CMCU s three core pillars: Strength: We reached $1 Billion in assets during Strong asset growth and stability allows CMCU to offer the best products and services for its members. Service: Our team members volunteered nearly 1700 hours throughout the year. We are committed to serving our communities and giving back to local organizations. Growth: In 2017, we continued to grow at a steady and responsible pace. As a result of our increased growth, we are able to provide members with better rates and services. We would like to thank our membership and the communities that we serve for their continued support of Central Minnesota Credit Union. Once again, it has been a win-win for all of us as CMCU has enjoyed another year of solid financial success. We would not have made it this far without the commitment from our loyal members as well as the dedication from the individual team members. We look forward to serving our members and communities in the years to come. Fred Fleischhacker Board Chair Richard Odenthal CEO & President

3 LEADERSHIP TEAM Board of Directors Fred Fleischhacker Chair Mark Meyer Vice Chair Marvin Hinnenkamp Treasurer James Mader Secretary Marty Mahowald Andrea Teal Steve Danzl Jim Gondringer Dennis Gregory Supervisory Committee Craig Hiltner Chair Eric Seanger Luke Godzala Executive Team Richard Odenthal Chief Executive Officer Bernie Brixius Chief Administrative Officer Charles Friederichs Chief Operations Officer Nadine Rieland Chief Human Resources Officer

4 STATEMENT OF FINANCIAL CONDITION Assets Net Loans Outstanding $777,996,119 $835,314,031 Cash & Cash Equivalents $32,215,252 $41,588,790 Investments $112,877,206 $112,609,9 Fixed Assets $20,915,6 $21,027,571 All Other Assets $16,047,343 $17,380,496 Total Assets $960,051,216 $1,027,920,817 Liabilities & Members Equity Members Shares $791,226,631 $847,121,273 Accounts Payable/Other Liabilities $23,800,358 $24,823,633 Payable on Certificates $83,590 $93,625 Statutory Reserves $8,056,183 $8,056,183 Undivided Earnings $135,001,366 $145,482,752 Unrealized Gain (Loss) on AFS $(91,041) $(0,632) Acquired Equity $1,974,1 $2,443,985 Total Liabilities & Equity $960,051,216 $1,027,920,817

5 $1,200 Total Assets $1,000 $800 Dollars in Millions $600 $400 $ $1,000 Total Loans Dollars in Millions $800 $600 $400 $ $1,000 Total Deposits Dollars in Millions $800 $600 $400 $

6 VOLUNTEERING AND COMMUNITY INVOLVEMENT Appreciating Our People Our local teachers and daycare providers work hard to keep our children safe, happy and educated. Staff members delivered small gifts as a token of our appreciation during Teacher Appreciation Week and National Child Care Provider Day. Tis the Season to Give Back The holidays are one of our favorite times of the year to give back to our local communities. This year we donated extra funds, hosted drop off locations for toy drives, volunteered to ring the Salvation Army bell, hosted giving trees, and so much more! Tailgating Events Our Avon, New York Mills, and Belgrade branches hosted community tailgating events for their local high school football teams. We served tailgating food to all the local fans who visited before the game!

7 DONATIONS AND RAISING MONEY $221,060 Total Donations Year of Natural Disasters 2017 was hit with many natural disasters, including three major hurricanes. CMCU collected $6,216 from employees and members and then matched it for a total donation of $12,432. These funds were contributed to the National Credit Union Foundation to support credit union members and families affected by disasters. $18K Awarded in Scholarships 21 Recipients $11,369 CMCU Foundation Money Raised Credit Union team members raised money for our Foundation which then gets donated to local organizations. In the past we ve helped local Fire Departments, Police Departments, and schools. Breast Cancer Month Employees were given the opportunity to wear jeans for a $3 donation. $640 was raised which was donated to the Susan G. Komen Foundation. Wellness Contributions All of our branches participated in charitable giving within our communities. Our Wellness Committee designated a bonus donation towards each branch which was then allocated to a cause or organization of the branch s choice.

8 ORGANIZATION ACCOMPLISHMENTS Total Number of Members: 61,051 This is a total increase of: 5.6% Total Amount of Deposits: $847 Million New checking accounts: Total Amount of Loans Funded: $838 Million 1,767 $1,200 Total Assets Dollars in Millions $1,000 $800 $600 $400 $ $1 Billion! One Big Goal This year, we reached $1 Billion in assets! This is a big goal we ve been striving toward and we are excited to finally celebrate our goal. Did you know... $1 billion in $0 bills weighs approximately tons!

9 Online Accounts & Loans Our new online applications proved to be a success as we reached our goals for new members, deposits, and loans. 803 accounts opened Shares $3M Consumer Loans financing # Users (Thousands) Internet Banking Users Mobile App Users Electronic Services Our internet banking and mobile app are increasing in popularity as the number of members who turn to technology for their financial needs grows each year New Website We launched a new website and internet banking portal. This new website is more mobile-friendly and has a modern design.

10 AWARDS & WORKPLACE Award-Winning Institution We are honored and humbled to be the winner of the St. Cloud Times 2017 Best Financial Institution of Central Minnesota! It is because of great members like you that we continue to grow and succeed. Thank you to all who voted for us. We appreciate your continued support for CMCU and look forward to serving you for years to come CENTRAL MINNESOTA S READERS SURVEY WINNER Award-Winning Workplace We are proud to announce we have been honored as a top workplace again for 2017! This is the third year in a row we have received the StarTribune Top 150 Workplaces award and the second year in a row we have received the Minnesota Business Journal 0 Best Companies to Work For award. We would like to send a huge Thank You! to our members, without each of you, we wouldn t be able to develop such an awesome team! CMCU Wellness Our Wellness Committee coordinated activities and challenges for staff to participate in throughout the year. The goal was to keep staff active, happy and healthy. Some of the activities included walking challenges, learning lunches, free massages at work, charitable giving and a Maintain, Don t Gain weight challenge during the holidays. In one activity challenge, staff walked a total of,720 miles, that s the distance from Minnesota to Chilé and back!

11 ME MB ER S H I P Who can open an account? Central Minnesota Credit Union membership is open to persons who live, work, worship, volunteer or attend school in the following Minnesota Counties: Becker, Benton, Clay, Douglas, Grant, Kandiyohi, Meeker, Morrison, Otter Tail, Pope, Sherburne, Stearns, Todd, Wadena, Wilkin, Wright; North Dakota Counties: Cass and Richland. Businesses and other legal entities which operate in these counties also qualify, as well as blood relatives of regularly qualified credit union members. Branch Locations 9 75 CASS 113 Felton Georgetown Hitterdal 94 Casselton West Fargo Fargo Callaway CLAY Moorhead Dilworth Glyndon Lake Park 59 Hawley Audubon Sabin BECKER 34 Detroit Lakes Wolf Lake 9 Comstock 87 Menahga Frazee Barnesville Vergas Nimrod Sebeka Pelican Rapids Wolverton Kent RICHLAND Ottertail 6 8 Elizabeth Fergus Falls Battle Lake Clitherall Underwood 2 Vining 94 Bertha 71 Dalton 78 Urbank Campbell Tenney 9 Millerville Evansville 79 DOUGLAS 54 Lowry Sauk Centre Holdingford Melrose Freeport Albany Avon St. Joseph Belgrade Cold Spring Paynesville Spicer (Spring 2018) Long Cyrus 28 Sauk Centre Westport Villard St. Rosa 28 Melrose 237 Sedan Elrosa 4 Albany Sartell Avon Waite Park St. Joseph 15 Spring Hill Brooten STEARNS 4 St. Stephen St. Martin Lake Henry Roscoe Belgrade Richmond Gilman Foley Sauk Rapids 95 Princeton St. Cloud Rockville St. Augusta Clear Lake Cold Spring 23 Regal 15 Paynesville Sunburg 23 9 Watkins Eden Valley Clearwater 4 KANDIYOHI WRIGHT Grove City Willmar Atwater MEEKER 23 Raymond 4 Prinsburg Blomkest Lake Lillian 7 71 Darwin 12 Dassel 15 Cosmos Cedar Mills Otsego Annandale Maple Lake Kingston Kandiyohi 12 Cokato Howard Lake Waverly 25 Elk River Monticello Pennock Zimmerman Big Lake 24 Kimball South Haven Spicer SHERBURNE Becker New London BENTON St. Anthony New Munich Meire Grove Greenwald Starbuck POPE 25 Holdingford 238 Freeport 71 Glenwood Royalton Grey Eagle West Union Beach Bowlus Upsala Forada MORRISON Buckman 238 Elmdale 114 Farwell Genola 25 Sobieski Burtrum Osakis 94 Kensington Hillman Pierz 27 Flensburg Swanville 27 Herman 27 Nelson Lastrup Little Falls Long Prairie Randall Carlos Alexandria Barrett Harding Browerville TODD Miltona Brandon GRANT Norcross Clarissa Ashby Wendell Elbow Lake Eagle Bend Parkers Prairie Nashua Staples 2 Henning Doran Hankinson Verndale Aldrich Hewitt 2 Breckenridge Wadena Deer Creek 78 Foxhome 2 Richville OTTER TAIL WILKIN WADENA New York Mills 78 Erhard Rothsay 227 Perham Dent 9 Wahpeton Moorhead Perham New York Mills Wadena Long Prairie Little Falls Ogema Ulen Albertville St. Michael Hanover Rockford Montrose Delano Rogers

12 OUR MISSION AND VISION: As a member-owned organization, our vision is enhancing the lives of members and community through strength, service and growth. CMCU has always been willing to go the extra mile and work with members requests. We are committed to serving our communities by sponsoring events, volunteering and contributing to local organizations. These commitments are the foundation of your credit union, the reason for our success and why we remain financially strong. Centered on you mycmcu.org Federally Insured by NCUA