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The following are the elements which must be disclosed in any future charter change at Washington State Employees Credit Union: 1. A comparison of the existing member rights and privileges and the member rights and privileges under an alternative financial institution charter. 2. The existing financial condition of the Credit Union and any change of the financial condition that will result from conversion to an alternative financial institution charter. 3. Any communication by or to the Board or any officer or member of senior management regarding the availability, requirements, timing and process for any charter conversions or changes, including any stock conversion subsequent to an approved financial institution charter conversion. 4. Any communication by or to the Board or any officer or senior management regarding any compensation or benefits that may be available to or by the Board, officers or member of senior management as a result of an alternative charter conversion, as proposed or in the future. 5. A full written disclosure by each Board member, officer and member of senior management of their commitment or lack of commitment to refrain from participating in any future compensation or benefit plan, including any stock option plan made available as a result of an alternative financial institution charter conversion.

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