Notice of Merger of St. Joseph Medical Center Maryland Federal Credit Union & First Financial Federal Credit Union of Mayland

Dear St. Joseph Medical Center member,

We have some exciting news to share with you! On March 18, 2025, the members of St. Joseph Medical Center Maryland Federal Credit Union (SJMC) voted at a meeting on the proposal to merge with First Financial Federal Credit Union of Maryland (First Financial). By majority vote, the merger was approved and will be legally effective 04/16/2025, subject to final regulatory approvals, however there will be no noticeable changes in service of your accounts until the system conversion on 06/1/2025.

How will this merger affect our members?

Until June 1, there will be no difference in your accounts. You’ll still have access to the same SJMC office and services, as well as the same staff that have been serving you for many years. In addition, there will be absolutely no change in the manner in which your share accounts are insured. Both institutions maintain federal insurance with the National Credit Union Administration up to $250,000.

The benefits of merging with First Financial Federal Credit Union of Maryland

You will benefit from this new relationship by having access to a complete line of products and services, some of which you don’t have access to today. These products and services include:

• Online and mobile banking services, which will allow members to conduct their financial transactions from anywhere in the world
• Access to checking accounts, debit cards, and cashback reward credit cards
• Access to various loan products including mortgages, auto loans, personal loans and more
• Access to the Allpoint ATM Network, giving members access to over 40,000 ATMs nationwide
• A dedicated Loan Call Center and Member Service Center
• Access to First Financial of Maryland Federal Credit Union’s strong community engagement and financial education resources

About First Financial Federal Credit Union of Maryland

First Financial was founded in 1953 by a group of public school teachers. Over the last 70 years, we have grown to serve the employees, students, and parents of the Baltimore, Carroll, Somerset, and Worcester County Public School systems. We also serve several local area hospitals, including Sinai and MedStar Franklin Square, numerous healthcare facilities and many private schools, colleges, and businesses. Learn more about First Financial by visiting www.firstfinancial.org.

First Financial strives to offer the very best financial products and services in order to meet the diverse needs of our members, and to help our members live better every day. Giving back to our community, through volunteer hours and millions of dollars in grants and donations to those we serve is who we are and what we do.

By early May you will receive a welcome kit that will explain in greater detail the changes to your accounts and the system conversion timeline. We will continue to keep you informed as we move forward in this process.

We look forward to a successful partnership and are excited to bring the benefits of expanded products and services to SJMC members. If you have any questions or concerns, please do not hesitate to call us at 410/321-6060/(800) 903-3328 or you can visit our website at www.firstfinancial.org/merger for any updates.

Sincerely,

03/19/2025

Diane Hall

CEO of St. Joseph Medical Center FCU

                                            03/19/2025

Eric P. Church

CEO of First Financial FCU