The Annual Meeting of the Members of North Iowa Municipal Electric Cooperative Association (NIMECA) was held at Miller's Landing, Humboldt, Iowa, on April 14, 2026, at 10:00 A.M. Some participants participated electronically under Iowa Code 21.8. The meeting was called to order by President Brad Honold with the following authorized representatives or alternates present: Steve Pick, Spencer; Mitch Langschwager, Alta; Joe Montag, West Bend; Brad Willemssen, Milford; Brian Quirk New Hampton *; Craig Olson, Ex-Officio KOPAEG; Lisa Harris, Graettinger *; John Bilsten, Algona; Brad Honold, Coon Rapids; Jeff Carson, Grundy Center *, Shawn Vaske, Bancroft*. Tim Duhrkopf, Sumner and Chad Cleveland, Laurens were absent. * indicates participated electronically. The following actions were unanimously approved unless otherwise noted: Pick/Langschwager to waive the reading of the annual meeting notice. Willemssen/Montag to approve the minutes of the Annual Meeting held April 8, 2025 and the Special Meeting of the Members held December 8, 2025. Willemssen/Langschwager to elect the following to the Board of Directors each for a term of 3 years: John Bilsten, Lisa Harris, Jeff Carson, Steve Pick, and Tim Duhrkopf. /s/ John Bilsten, Secretary The Regular Meeting of the Board of Directors of the North Iowa Municipal Electric Cooperative Association was held at the Miller's Landing, Humboldt, Iowa, on April 14, 2026 immediately following the Annual Meeting of the Members. Some members participated electronically under Iowa Code 21.8. The meeting was called to order by President Brad Honold with the following Directors present: Steve Pick, Spencer; Mitch Langschwager, Alta; Joe Montag, West Bend; Brad Willemssen, Milford; Brian Quirk New Hampton *; Craig Olson, Ex-Officio KOPAEG; Lisa Harris, Graettinger *; John Bilsten, Algona; Brad Honold, Coon Rapids; Jeff Carson, Grundy Center *. Tim Duhrkopf, Sumner; Chad Cleveland, Laurens; and Trevor Kluender, Bancroft were absent. * indicates participated electronically. The following actions were unanimously approved unless otherwise noted: Carson/Langschwager to elect the following officers for 2026-2027: Brad Honold, President; Steve Pick, Vice President; John Bilsten, Secretary; Chad Cleveland, Treasurer. Bilsten/Willemssen to accept and file the 2025 audit report. Pick/Montag to approve the minutes of the March 10, 2026 Board of Directors meeting. Langschwager/Willemssen to approve and file the Operations Reports for February 2026. Pick/Bilsten to approve and file the Financial Reports for February 2026. Langschwager/Willemssen to approve the 2025 promissory note payable to Corn Belt Power Cooperative solely and only from cash distributions of the 2025 deferred patronage dividends when and if such dividends are paid. Langschwager/Pick to set the NIMECA Picnic for August 6, 2026. Claims for March 2026 approved as part of the financial report: Ahlers Law, $5,125.20; Algona Municipal Utilities, $69,472.60; Alta Municipal Utilities, $20,872.19; APPA, $39,849.91; APX, $138.82; Bancroft Municipal Utilities, $28,870.41; Bank of America, $1,027.45; Basin Electric, $690,018.17; City of Humboldt, $55.25; Clean Counts, $562.76; Comm1, $105.95; Coon Rapids Municipal Utilities, $98,858.72; Corn Belt Power Cooperative, $965,066.39; Des Moines Register, $122.24; Dom's Catering, $195.50; Graettinger Municipal Light Plant, $11,763.56; Greg Fritz, $81.66; Grundy Center Municipal Utilities, $49,902.95; Heartland Consumers Power District, $601,103.86; Laurens Municipal Power & Comm., $40,221.73; MidAmerican Energy Co, $5,422.25; Milford Municipal Utilities, $43,297.95; New Hampton Municipal Light Plant, $76,122.97; Northwest Bank, $35.00; Orsted, $80,395.08; Reliance, $967.38; Southwest Power Pool, $735,530.78; Spencer Municipal Utilities, $117,547.25; Sumner Municipal Light Plant, $16,500.38; WAPA, $153,655.79; West Bend Municipal Utilities, $18,368.86; Western States Power Corp, $123,000.00; WEX, $81.55; Associated Benefits Corp, $332.06; ICMA, $4,041.66; IPERS, $3,408.17; Salaries, $12,476.70; US Treasury, $6,413.92; Wellmark BCBS, $2,737.92. /s/ John Bilsten, Secretary April 20 2026 LIOW0500905