2025 Annual Report

Report of the Chairman & President/CEO

EPFCU: Making Life Easier

Our Highlights for 2025 include:

• Achieving net income of $127,869, our second largest gain since 2018. This was led by increases in our home equity loan and line of credit balances, as well as solid gains from our investment portfolio, and extensive expense controls.
• Despite financial headwinds during the year, shares held by members increased by $400,000 and total assets by over $1,250,000.
• We expanded our home equity loan capabilities by finalizing the process to offer home equity loans nationwide.
• While we had to close our EPA branch at the Ronald Reagan building due to governmental reorganization, we continue to offer financial services to those impacted members and are hopeful that space for a branch office might become available in the future.
• We implemented One Time Passcode (OTP), which helps protect your credit and debit transactions from fraud.

2025 marked an important milestone for EPFCU as we celebrated the 90th Anniversary of our opening, making us one of the oldest continuously run credit unions in the Washington, D.C. region. 2025 was also important for EPFCU as it was our fifth straight year that we reported positive net earnings post-COVID. This year-on-year success reflects our efforts to manage your credit union diligently while continuing to provide you with products and services that will assist you in reaching your financial goals.

At the end of 2025, our President/CEO Ron Schneeberger retired after many years of dedicated and exceptional service to the credit union. While we will greatly miss Ron, we are fortunate that he built a strong and capable team at EPFCU and therefore are pleased to announce the promotion of Stephen Camp to the position of President/CEO and Winston Godwin to the position of Executive Vice President. We are confident that they will carry on the outstanding work that Ron began and look forward to years of continued growth and financial strength under their leadership.

During 2026, we will be working on completing the implementation and introduction of the Zelle product to our members, growing our nationwide portfolio of home equity loans, and continuing to meet the needs of our members for financial services. While the economic outlook for 2026 is concerning given the uncertainty surrounding events happening at the Federal level and around the world, we want to assure you that we remain financially strong, well capitalized, and ready to serve you. This has been our commitment for over 90 years and will continue to be our commitment in the years ahead.

Respectfully submitted,
Gregory E. Boutin
Chairman, Board of Directors

Stephen Camp
President/Chief Executive Officer

Supervisory Committee & Treasurer Reports

Supervisory Committee Report

One of the duties of the Supervisory Committee is to retain an outside accounting firm to perform an annual audit of all financial records. Our federal regulator, the National Credit Union Administration (NCUA), also audits the credit union at least once annually. In addition, our committee is responsible for conducting random, unannounced cash audits.

The Supervisory Committee contracted DeLeon & Stang to conduct the financial records audit as of December 31, 2025. We are pleased to announce that the credit union received an unqualified opinion. Because of the requirements for full disclosure, and the length of the reports as a result of all the necessary disclosures provided in the footnotes to the financial statements, this report is not included herein. The complete audit report with the financial statements as of December 31, 2024 and 2025 can be found in the main office of the credit union.

We are in compliance with federal regulations and operate well within accepted guidelines. Your credit union remains dedicated to ensuring your savings remain safe and secure and to provide you with a reliable resource for your borrowing needs.

Adam Y. Veney, Chairperson
Lorna Washington
Tamalyn D. Smith
Cheryl Butler

Treasurer’s Report

EP Federal Credit Union continued its strong financial performance in 2025, delivering another year of solid results while maintaining a strong financial foundation.

I am pleased to report that the credit union achieved net income of $127,869 for the year. This performance reflects steady income from lending and investments, along with continued focus on expense management and operational efficiency.

We also continued to return value directly to our membership through dividends. Our certificate specials remained popular throughout the year, contributing to an increase in dividends paid to $458,779 in 2025, up from $313,951 in 2024. This reflects our ongoing commitment to providing competitive savings options for our members.

EPFCU’s net worth ratio increased to 8.53% in 2025, marking another year of improvement and allowing us to maintain our “well capitalized” status under the provisions of the Credit Union Membership Access Act.

Member confidence remained evident throughout the year, as shares increased by approximately $400,000 and total assets grew by more than $1.25 million. These trends reflect the ongoing trust our members place in the credit union as a safe and dependable financial partner.

While 2025 presented economic uncertainty, particularly for members impacted by federal workforce changes and related disruptions, EPFCU remained financially sound and well positioned to support our membership.

As we look ahead, we will continue to manage the credit union with a focus on financial strength, stability, and long-term sustainability. Our commitment remains the same: to responsibly steward the credit union’s resources while supporting the financial well-being of our members.

William T. Forrest
Treasurer