BluPeak is unlike any other financial institution you know. We are a purpose-driven credit union dedicated to building community, inspiring compassion, and serving as a conduit for positive change, most visibly through our commitment to supporting access to clean water. In 2025, that commitment came to life in powerful ways. We proudly served as presenting sponsor for the Design for Clean Water: Stormwater Pollution Challenge for the second consecutive year, awarding microgrants to talented designers and community advocates working to protect San Diego’s waterways. We celebrated World Water Day in March with employee and member-facing activities and participated in ten community events throughout the year.

We are especially proud that the BluPeak Foundation achieved its official 501(c)(3) designation in 2025. This milestone formalizes and amplifies our charitable mission and means all donations to the foundation are now tax deductible. The Foundation’s first major community event was participation in the 41st Annual “I Love A Clean San Diego Coastal Cleanup Day” in September. Earlier in the year, when wildfires devastated communities across Los Angeles County, we acted quickly, partnering with the BluPeak Foundation to donate funds to the American Red Cross to provide water for fire victims in need.

Financially, 2025 was a year of consistent and meaningful recovery. We entered the year committed to returning to solid profitability and strengthening our capital position, and we delivered. We produced positive net income every single month of 2025. Our Net Worth Ratio grew from 7.97% at the start of the year to above 9.27% by December—well above the “Well Capitalized” regulatory threshold and ahead of our own internal targets.

This improvement reflects both the financial discipline of our team and the multi-year effort to rebuild our credit union’s foundation for long-term health. For the third consecutive year, BluPeak was recognized by Newsweek as one of “America’s Best Regional Banks and Credit Unions”—an independent, data-driven honor based on financial performance, consumer surveys, and social media feedback from more than 140,000 respondents.

2025 was also a transformative year for how we serve you digitally. In June, we expanded Marina, our AI-powered digital assistant, into the online banking platform—providing 24/7 support and resolving 69% of inquiries instantly. In September, we launched a significant digital banking upgrade with a refreshed modern design, enhanced personalization, and a new Education Center with financial guidance and fraud prevention resources. In November, we launched our new account opening platform powered by MANTL and a simplified deposit product lineup, reflecting our philosophy of doing a narrower set of key things exceptionally well. These enhancements represent some of the most significant upgrades to our member-facing digital experience in the credit union’s history and lay the groundwork for accelerated membership growth.

Internally, 2025 was a year of building for the future. We engaged industry experts to complete a comprehensive technology assessment and develop a three-year infrastructure strategic plan. We welcomed a new Chief Information Officer. We launched strategic partnerships to expand loan access for new members. We enhanced our mortgage origination and servicing platform, improving scalability and the member experience for home loans. In the fall, our management team and Board partnered to develop a 2025–2028 Strategic Plan approved by the Board in October. And in December, we submitted our application for a federal credit union charter—a forward-looking step that reflects BluPeak’s continued evolution and ambition.

None of this happens without the people of BluPeak. Our employee engagement scores rose again in 2025. Branch service scores reached remarkable highs, including an overall satisfaction rating of 9.92 out of 10 in April. We celebrated milestone anniversaries with ten valued colleagues at our annual dinner, honored veterans in our ranks on Veterans Day, and came together at quarterly town halls and holiday gatherings to recognize our shared achievements. At every turn, it is our team’s authentic care—for you, our members, and for each other—that defines the BluPeak experience.

As we look to 2026, we are optimistic and energized. Our capital position is stronger, our products are simpler and more compelling, our technology is more modern and capable, and our purpose is more visible than ever. The work we have done in 2025 positions BluPeak to grow—to serve more members, deepen existing relationships, and make an even greater impact in our communities. Most importantly, we remain unwavering in our commitment to you: to prioritize your financial well-being, honor our cooperative values, and serve as a force for good in the world.

Thank you for your membership, your trust, and your continued partnership. Together, we are building something remarkable.