Annual Meeting of Members Attendance Limits and Options

Our first priority is the health and safety of our members, volunteers, and employees. To that end, on March 17, 2020, we provided notice to our members that the Annual Meeting of Members initially scheduled for March 19 had been postponed to June 18, 2020. Rather than wait for the rescheduled meeting, we made our Annual Report available on the Golden 1 website shortly after the postponement. You can view the Annual Report here.

The purpose of this notice is to inform you that the Annual Meeting of Members will move forward as scheduled on June 18, 2020, at 5:30 p.m. at Golden 1’s headquarters located at 8945 Cal Center Drive, Sacramento, CA 95826. However, due to current circumstances, we will be implementing the following restrictions:

Limited In-Person Attendance.  In consideration of orders, directives, and guidance of government agencies and public health officials, and subject to any more restrictive requirements that may apply at the time of the meeting, we will be limiting the number of in-person attendees to the first twenty-five (25) members exclusive of Board members, Supervisory Committee members and Golden 1 employees who may be designated to attend. We will refuse entrance once this capacity has been reached. To keep the meeting as efficient as possible, questions will be limited to agenda items only. Social distancing protocols will be in place at all times (face coverings will be required) and no food or refreshments will be provided.

Unrecorded Webcast Option.  As an accommodation to members who may wish in the present circumstances to observe but not participate in the Annual Meeting, members may view the meeting via webcast. The webcast will not be recorded. To gain access to the webcast, please complete the registration form on or before June 15, 2020, so that we may verify your membership. We will provide registered participants with instructions for viewing the webcast no later than June 16, 2020. Please be aware that members who view the meeting by webcast will not count as present for purposes of a quorum, will not be permitted to vote during the meeting on any duly noticed matters, and may not be able to speak or ask questions.

At this year’s Annual Meeting, the membership will vote on an amendment to Golden 1’s Bylaws. If you do not plan to attend the Annual Meeting but nonetheless wish to vote on the proposed Bylaws amendment, we encourage you to complete and return the special proxy form provided at the following link to ensure your vote is counted: Special Proxy. The link includes information about the proposed Bylaws amendment as well as information about how to complete and return the special proxy form. The proposed amendment is also summarized below.

We have previously notified our members of the matters to be communicated and addressed at the Annual Meeting. As a reminder, these matters are as follows:

Elections.  At the time of the close of nominations, the number of qualified individuals nominated for the Board and Supervisory Committee was not more than the number of positions to be elected. In accordance with our Bylaws, the Board of Directors has previously, without further action, declared that these nominees have been elected. The four members of the Board of Directors who have been elected to a three-year term are P. Craig Cornett, Samantha Lui, Aeisha Mastagni, and Donna Bland. The one member of the Supervisory Committee who has been elected to a three-year term is Michael Dendorfer.

Proposed Bylaws Amendment.  At the Annual Meeting, the members will vote on a proposal to amend the Bylaws of Golden 1 Credit Union to allow for a variable number of directors of not less than nine (9), nor more than thirteen (13), with the exact number of authorized directors to be an odd number within this range as set from time-to-time by Resolution of the Board of Directors. Until so changed by the Board of Directors, the number of authorized directors will be eleven (11). Currently, the Bylaws provide that the number of directors shall be fixed at eleven (11) directors. The text of the proposed Bylaw amendment is set forth on the proxy form at the link provided above.

Thank you for being a Golden 1 member and placing your trust in us.

Stay safe and protected,
Golden 1 Credit Union

GENERAL PROXY NOTICE
This Proxy Notice is provided to all members of Golden 1 Credit Union (“Golden 1”) who have executed a Voting Proxy. Notice is hereby given that the nature of each matter or group of related matters on which the Voting Proxy may be voted by the Proxy Holder is as follows: 1. Election of Directors. 2. Election of Supervisory Committee members. 3. Amendments of the Bylaws of Golden 1, except as prohibited by law. 4. Any other matters which may properly arise at either the Annual Members’ Meeting or any special meeting of the members. Notice of such matters shall be provided to the members in the notice of such meeting. Information about Voting Proxy Online can be found at golden1.com/proxy.