Pantex FCU 2025 Annual Report

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Pantex FCU Digital Banking Fast. Safe. Convenient.

Monitor account balances and transactions Deposit checks (using your phone) Send money to a friend or family member Pay bills and transfer funds

Use online at pantexfcu.com or download the Pantex FCU Mobile App.

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Celebrating Over 85 Years of Service to Our Membership!

Founded in 1940, Pantex Federal Credit Union began with a simple, but powerful mission: to provide reliable, community-focused financial services for local families. More than 85 years later, that mission continues—stronger than ever.

As a cooperative financial institution, Pantex FCU is owned by the very people we serve. Our members aren’t just account holders—they are stakeholders. Guided by a volunteer Board of Directors elected by the membership, we operate with one purpose: to put members first.

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Unlike traditional financial institutions, earnings at Pantex FCU are reinvested directly back into the membership through lower fees, higher savings rates, and competitive loan rates. This cooperative model has been the foundation of our success for more than eight decades.

From our earliest days to today, Pantex FCU has grown alongside the community. While our services have expanded to meet evolving financial needs, our roots remain firmly planted in Hutchinson County, serving the communities where our members live and work.

Loan decisions are made locally at each branch by knowledgeable, caring employees, your friends and neighbors, who understand the unique needs of our community. Our team is committed to thoughtful service and responsible decision-making, ensuring the long-term strength of the credit union and the well-being of our members.

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At Pantex FCU, we are more than a financial institution we are an active and invested part of the community.

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For more than 85 years, Pantex Federal Credit Union has been a trusted provider of comprehensive financial services, including checking and savings accounts, CDs, IRAs, and loans for homes, vehicles, and personal needs.

What truly sets Pantex FCU apart is that loan decisions, processing, and account servicing are all handled locally, right here in our community. This deep local presence has earned the trust of generations of members and distinguishes us from out-of-town institutions with only a local footprint.

Local trust is reflected in our recognition by the Borger News-Herald as the “Best Financial Institution” in its annual Best of the Best program—an honor driven by member confidence and satisfaction.

Pantex FCU’s financial strength is consistently validated by independent industry leaders. BauerFinancial, a nationally respected financial institution rating firm, has awarded Pantex FCU its prestigious five-star rating and “Best of Bauer” designation for 122 consecutive quarters—representing over 30 years of continuous excellence.

For more than 85 years, Pantex Federal Credit Union has remained committed to one simple promise: serving our members with integrity, strength, and local care—today and for generations to come.

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Meeting Agenda Call to Order (7:00 p.m.)

Reading of the Previous Minutes Official's Reports Old Business New Business Election of Officials Drawing of Door Prizes Adjournment

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Board of Directors Harvey Hilbert Chairman Glynn Carlock Vice-Chairman

Keep tabs on your Pantex FCU Debit ® Card with CardValet

Lynn Hopkins Treasurer Sara Ramby Secretary Judy Flanders Ralph Pumphrey C.W. Massengale

Download the CardValet® app today.

Supervisory Committee

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Protect Yourself

Track Card Use

Set Limits

Get mobile alerts whenever your card is used

Review card usage history and transaction details

Set customized purchase controls to help manage spending

CardValet is a registered trademark of Fiserv, Inc. App store is a service mark of Apple Inc. Android, Google Play, and the Google Play logo are trademarks of Google Inc. Data charges may apply. Check with your mobile phone carrier for details. Apple and the Apple logo are trademarks of Apple Inc, registered in the U.S. and other countries. Copyright © 2025 Pantex FCU. All rights reserved.

Tina Briscoe Chairperson Hailey Lisle Bruce Lemery Jerri Aylor

Professional Staff Curtis Hall President/CEO Rodney Franklin Executive Vice President Michael Robinson Vice President of IT Kim Hughes Asst. Vice President, Teller Operations Tanya Fraley Asst. Vice President, Member Services Dana Martin Branch Manager-Fritch Ginnie Karlin Branch Manager-Walmart Robert Forester Branch Manager-Pampa/Marketing Shannon Mears Loan Officer Shelby Overpeck Loan Officer Karen Bryan Loan Officer

Mistee Williams Asst. Head Teller Mikel Cauthon Network Administrator Angela Perez Imaging/Internet Banking Carla Howard Plastic Cards/Imaging Lucy Spoon Accounting Assistant Bethany McCarty Accounting Assistant Ebony Jarrett Loan Processor/Assistant Carol Williams Loan Processor/Assistant Tiera Lesley Branch Head Teller-Fritch Kristi Snow Branch Head Teller-WalMart Sarah Elliott Teller Supervisor-Pampa

Tellers Madelyn Allen Stevie Anderson Tonja Brown Amy Bustillos Yamile Carrasco Maranda Grimes Tamra Hilton Karen Hunter Charlotte Jasper Amanda Keeney Daniela Perez Robyn Rohan Tammy Shira Krisha Temple Kara Tice Rebecca Wilson Nilzaida Wood Mandy Wyatt Kenny Green Facilities 9

Look to Pantex FCU when buying a new or used vehicle!

Pantex FCU is offering great rates for qualified buyers on new or used cars, trucks, SUVs, motorcycles, boats, ATVs and other recreational vehicles. Plus, with Pantex FCU, members get the best service around.

We are here to help!

We make the process easy, apply in-branch or online today.

Visit: www.pantexfcu.com 10

Member NCUA

Federal Credit Union

On behalf of the Pantex Federal Credit Union Board of Directors, Supervisory Committee Members, and staff, I welcome you to our 85th Annual Membership Meeting.

Thank you for choosing Pantex Federal Credit Union for your financial needs.

Our annual report provides a detailed overview of our 2025 operations. As you will see, 2025 continued our positive trend of successful outcomes. I am pleased to report that Pantex Federal Credit Union has maintained a strong financial position while offering competitive interest rates to our members. This achievement is particularly noteworthy given the economic uncertainties experienced throughout the past year. Our enhancements to products and services are designed to meet the evolving needs of our membership and to provide the best possible financial experience.

We remain committed to delivering exceptional facilities and member service. Our full suite of services is available through our mobile app and home banking website, all equipped with the latest security protocols to ensure your financial safety. The staff and leadership of Pantex Federal Credit Union consistently strive to provide the highest level of service to our members.

Thank you for your membership, support, and trust in Pantex Federal Credit Union. We look forward to continuing to serve you and invite you to connect with us in person, by phone, or online for your financial needs.

Respectfully submitted, Harvey Hilbert, Chairman of the Board

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For more than 85 years, Pantex Federal Credit Union has been dedicated to helping our members achieve their financial goals. In 2025, that commitment was reflected in the strong performance of our credit union and the exceptional service provided to nearly 15,000 members.

Our employees work diligently each day to deliver a positive member experience—whether through personalized service or convenient digital tools such as online and mobile banking. Their dedication, together with the guidance and oversight of our Supervisory Committee and Board of Directors, has enabled us to maintain financial strength and build lasting trust with our members.

As we enter 2026, our focus remains clear: supporting the financial well-being of our members, investing in innovation, and continuing to serve as a trusted financial institution within the communities we call home. I am deeply grateful to our employees for their professionalism and commitment, to our Supervisory Committee and Board Members for their leadership, and to our members for the confidence they place in us.

Pantex Federal Credit Union remains dedicated to being a trusted financial partner and a positive presence in the communities we serve. Thank you for making the past year a success. I look forward to building on this momentum and continuing our shared success in the years ahead.

Respectfully submitted, Curtis Hall, President/CEO

Mechanical Repair Coverage Essential protection against costly repairs.

A breakdown is stressful enough without the added worry of expensive repair bills. That’s why we’re pleased to offer Mechanical Repair Coverage—helping protect you from unexpected repair costs long after your vehicle's manufacturer’s warranty ends.

• Engine • Transmission • Drivetrain • Steering

• Suspension • Brake Components • Air Conditioning AND MORE • 3 different plans to meet your needs!

With Mechanical Repair Coverage, you can drive with confidence, knowing major components are covered and help is there when you need it most.

Peace of mind. Protection. Confidence—mile after mile.

Ask your Loan Officer for Details!

Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in NH, where coverage is provided and administered

by Consumer Program Administrators, Inc. dba Consumer Warranty Program Administrators, in TX, where coverage is provided and administered by Consumer Program Administrators, Inc. dba The Administrators of Consumer Programs (TX License #175), in FL and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), and in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 1-800-752-6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. Coverage varies by state.

Replacement parts may be new, used, non-OEM or remanufactured. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions of this voluntary product.

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Treasurer's Report As members of your volunteer Board of Directors, we have the responsibility of ensuring that the credit union maintains a solid financial foundation and operates in a safe and sound manner. 2025 was a strong year in terms of building our financial strength. Steady interest income and controlled expenses contributed to strong earnings. We are proud of our operations and remain incredibly grateful to our staff for their dedication to our members. Despite moderate inflation and higher interest rates, our team successfully navigated the year. We continue to provide excellent service and competitively priced products to our members.

We ended 2025 with over $236 million in assets, $66 million in loans, and more than $186 million in shares. After paying dividends, we were able to positively contribute to our capital account.

Financially, 2025 was a very successful year. The credit union was both profitable and efficient, ending the year with over $2.9 million in net income and a 21.5% capital ratio.

Share dividends totaled $3,012,712.38, representing a return to our membership of 23.27% of total operating income earned by the credit union in 2025.

Of the remaining income, 53.51% was used for the normal operating expenses of the credit union, and 23.22% was allocated to statutory reserves to maintain strong capital levels.

Pantex Federal Credit Union’s financial goals are simple: we strive to remain a strong, safe, and sound financial institution while ensuring a stable path for the future.

Respectfully submitted, Lynn Hopkins, Treasurer

Loan Officers Report The Lending Team at Pantex Federal Credit Union is committed to supporting the financial needs of its membership. Loan Officers are responsible for objectively evaluating members’ credit needs while safeguarding the interests of depositors and shareholders through prudent, safe, and sound lending practices.

During 2025, Pantex Federal Credit Union originated 1,709 loans totaling $29,855,109.31 in new loan funding. Total loans outstanding increased by 2.76% compared to the prior year.

The credit union maintained strong credit quality throughout the year, reinforcing Pantex Federal Credit Union’s position as a safe and sound financial institution.

It is a privilege to serve the membership by providing attentive, responsible, and personalized lending solutions. As we look ahead to 2026, Management remains optimistic and committed to maintaining sound underwriting standards while continuing to meet the evolving financial needs of our members.

Pantex Federal Credit Union offers a variety of consumer loan products to support members’ financial goals, including vehicle purchases, home improvements, and personal financing needs. Loan Officers remain available to assist members in making informed borrowing decisions appropriate to their individual circumstances.

Respectfully submitted, Rodney Franklin, Dana Martin, Ginnie Karlin, Robert Forester, Karen Bryan, Shannon Mears, Shelby Overpeck, Kristi Snow 15

Supervisory Committee Report The Supervisory Committee, appointed annually by the Board of Directors, serves as your representative to ensure that Pantex Federal Credit Union operates safely, securely, and in compliance with all regulations.

To help fulfill this role, we work with the auditing firm Waypoint Advisory Services, Inc., to perform quarterly audits and annual reviews of key operations, including BSA/AML compliance and ACH procedures. We are pleased to report that all records and financial operations for 2025 were accurate, complete, and in balance.

The credit union is also regularly reviewed by our federal regulator, the National Credit Union Administration (NCUA). The last review in 2024 found no significant issues and confirmed that Pantex Federal Credit Union maintains strong internal controls, a solid capital position, and sound financial operations.

We want to recognize and thank the credit union staff for their efficient, courteous, and attentive service to members. Their support makes our work possible and ensures your experience at the credit union remains excellent.

Thanks to strong planning and sound practices, members can have confidence in their credit union. We look forward to another successful year and continuing to provide the high level of service you have come to expect.

Respectfully submitted, Tina Briscoe, Chairperson, Jerri Aylor, Bruce Lemery, Hailey Lisle

Nominating Committee Report In accordance with Pantex Federal Credit Union policy, to be nominated for a position as a Board Member or Committee Member, a person must meet certain qualifications. Candidates must possess knowledge, experience, or interest pertinent to the Credit Union’s future; have good credit standing and no criminal convictions; have been a member of the Credit Union for at least two years; be willing to accept the responsibilities of the position; be objective and independent; not be an employee of this or a competing institution; and be at least 18 years of age.

Two three-year terms are available for re-election on the Pantex FCU Board of Directors, for the term 2026–2029. The positions currently held by Ralph Pumphrey and C.W. Massengale are up for election. C.W. Massengale is running for the seat previously held by Fran Braden.

The Nominating Committee, composed of three Board members, met to discuss potential candidates and has recommended Ralph Pumphrey and C.W. Massengale for election to the Board of Directors based on their past service, knowledge, and experience.

After posting these names in the Credit Union lobby and receiving no petitions for nomination prior to the deadline, the Nominating Committee recommends that the individuals named above be accepted by the membership.

Respectfully submitted, Lynn Hopkins, Chairperson Sara Ramby, Judy Flanders 17

Statement of Income & Expenses Operating Income

December 31, 2025

Interest on Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

5,005,437.95 . . . . . . .

$

4,710,425.92

Interest on Investments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5,665,590.36 . . . . . . .

5,135,382.64

Misc Operating Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2,275,875.80 . . . . . . .

2,171,798.25

Total Operating Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ 12,946,904.11 . . . . . . .

$ 12,017,606.81

$3,012,712.38 Total Share Dividends Paid

23.22% was placed in statutory reserves to keep the Credit Union capital levels strong.

53.51% was distributed to the normal operating cost of the Credit Union.

23.22%

23.27%

2025 53.51%

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December 31, 2024

23.27% of total income earned was returned to the membership in the form of dividends.

Operating Expenses

December 31, 2025

December 31, 2024

Compensation & Employee Benefits. . . . . . . . . . . . . . . . . . . $ Travel & Educational Expenses . . . . . . . . . . . . . . . . . . . . . . . . .

Association Dues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Office Occupancy Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . .

Office Operations Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . .

Publicity and Promotional Expenses . . . . . . . . . . . . . . . . . . . .

Loan & Plastic Card Servicing Expenses . . . . . . . . . . . . . . . . .

Professional Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Provision for Loan Losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Federal Supervisory Exam Expenses . . . . . . . . . . . . . . . . . . . .

Miscellaneous Operating Expenses. . . . . . . . . . . . . . . . . . . . . .

2,959,051.57 . . . . . . . . . $ 2,817,189.13 6,657.19 . . . . . . . . . .

5,402.60 13,875.00 . . . . . . . . . .

13,386.30 328,659.88 . . . . . . . . .

303,750.69 765,799.37 . . . . . . . . . .

719,300.68 27,884.41 . . . . . . . . . .

34,165.02 1,280,542.99 . . . . . . . . .

1,215,975.01 1,020,587.75 . . . . . . . . . .

994,119.97 412,891.35 . . . . . . . . .

299,166.04 43,739.88 . . . . . . . . . .

42,663.84 67,978.84 . . . . . . . . . .

55,318.95

Total Operating Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6,927,668.23 . . . . . . . . . .

6,500,438.23

Net Income from Operations . . . . . . . . . . . . . . . . . . . . . . . . . . .

Gain(loss) on Disposal of Assets . . . . . . . . . . . . . . . . . . . . . . . .

Other Non-Operating Gain (Loss) . . . . . . . . . . . . . . . . . . . . . . .

6,019,235.88 . . . . . . . . . .

(10.00) . . . . . . . . .

(10,000.00)

5,517,168.58 (25,957.00)

Dividend Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3,012,712.38 . . . . . . . . . .

(3,809,721.90)

Net Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

2,996,513.50 . . . . . . . . .

$ 1,681,489.68 19

Statement of Condition Assets

December 31, 2025

December 31, 2024

Loans(net). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

65,875,375.59 . . . . . . . . $ 64,115,403.13

Cash on Hand and in Banks . . . . . . . . . . . . . . . . . . . . . . . . . . .

3,352,947.45 . . . . . . . .

3,671,635.81

Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

144,939,960.71 . . . . . . . .

142,245,888.15

Shares: Catalyst Corporate. . . . . . . . . . . . . . . . . . . . . . . . . . . .

11,312,297.90 . . . . . . . .

10,413,823.65

Other Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9,525,132.16 . . . . . . . . .

8,364,667.98

Land. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

94,093.85 . . . . . . . . .

94,093.85

Building. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

839,670.43 . . . . . . . . .

712,533.22

Furniture & Equipment & Leasehold. . . . . . . . . . . . . . . . . . . .

247,254.57 . . . . . . . . .

271,754.43

Total Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 236,186,732.66 . . . . . . . . $229,889,800.22

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Liabilities and Equity

December 31, 2025

Accounts Payable/Items in Transit . . . . . . . . . . . . . . . . . . .

December 31, 2024

$ 1,690,798.90 . . . . . . . . $ 1,774,028.27

Accrued Liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

538,063.81 . . . . . . . . .

429,333.55

Total Liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2,228,862.71 . . . . . . . . .

2,203,361.82

Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

186,395,455.35 . . . . . . . .

186,737,562.17

Regular Reserve. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0.00 . . . . . . . . .

0.00

Accumulated Unrealized Gain/(Loss) on AFS Securities . . .

(2,585,570.89) . . . . . . . .

(6,202,595.76)

Undivided Earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

50,147,985.49 . . . . . . . . .

47,151,471.99

Total Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

233,957,869.95 . . . . . . . . .

227,686,438.40

Total Liabilities & Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ 236,186,732.66 . . . . . . . . . $229,889,800.22

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PERSONAL LOANS Life happens.

We’re here to help!

Whether it’s consolidating debt, covering an unexpected expense, or funding something important to you, a personal loan from Pantex FCU will have a competitive rate, a term that fits your needs, and be processed and decisioned quickly and locally, so you can move forward with confidence.

Member NCUA

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Federal Credit Union

Branch Locations & Hours MAIN BRANCH 1300 W. Wilson Borger, Texas (806) 273-5692 Hours

Monday–Friday 9:00 am to 5:00 pm Drive Thru 8:00 am to 6:00 pm

PAMPA BRANCH 807 N. Sumner Pampa, Texas (806) 665-4212 Hours

Monday–Friday 9:00 am to 5:00 pm Drive Thru 9:00 am to 5:00 pm

FRITCH BRANCH 411 E. Broadway Fritch, Texas (806) 857-2400 Hours

Monday–Friday 9:00 am to 5:00 pm Drive Thru 8:00 am to 6:00 pm

WALMART BRANCH 1501 Roosevelt Borger, Texas (806) 273-5698 Hours

Monday–Friday 9:00 am to 7:00 pm Saturday 9:00 am to 4:00 pm

Mailing Address: P O Box 5206, Borger, TX 79008 • Email:PFCU@PantexFCU.com • Website: www.PantexFCU.com

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