Dear Members:

As you may have heard, the National Credit Union Administration (NCUA), the government agency that regulates and supervises credit unions, placed two "corporate credit unions" (U.S. Central and WesCorp) into conservatorship on March 20th. Both of these organizations do not serve the individual consumer, but instead serve other credit unions by providing back office services and investment options. Corporate credit unions are known as "credit unions for credit unions." The NCUA's actions have no impact on the members of CU Community Credit Union.

Credit Unions that serve consumers (such as CU Community) remain safe, sound, and financially strong. We did not engage in risky subprime lending or invest in potentially volatile investments and are pleased to report a very strong Net Worth of 14.34%, well above the 10% industry standard. Every member account is federally insured by a fund that, like the FDIC, is backed by the full faith and credit of the U.S. government. As the FDIC does for banks, the National Credit Union Share Insurance Fund (NCUSIF) now insures a person's savings up to at least $250,000, with higher coverage available depending on the way an account is structured.

For more information on share insurance, visit the NCUA website. If you have specific questions contact us.

Thank you for your continued support of CU Community Credit Union. We appreciate your membership.