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Rates as of 4/16/14

"*APR = Annual Percentage Rate
Share Insurance

We are please to inform you that your savings in this credit union are insured up to $500,000. This exceptional level of coverage is attained through a combination of the federal insurance provided by the National Credit Union Administration (NCUA) and private insurance by Excess Share Insurance.

First, NCUA insures your individual savings accounts up to a maximum of $250,000, regardless of the number of accounts you have. Joint, retirement, and certain other account relationships are insured separately and are subject to other federal guidelines. For details about coverage on these accounts or how you can possibly structure your accounts to qualify for additional NCUA coverage, please contact us.

Second, your Board of Directors has chosen to provide up to an additional $250,000 of coverage to qualifying accounts through ESI.

Excess coverage is applicable only on accounts exceeding the maximum level of coverage ($250,000) provided by NCUA. As an example, if a member has a savings account, checking account and a certificate of deposit at the credit union that, when added together, totals $260,000....$250,000 is insured by NCUA with the remaining is insured by ESI. Deposit insurance is provided on a dollar-for-dollar basis and is payable only upon the liquidation of the credit union.

To receive ESI's additional insurance, we must file required reports and pay monthly premiums. Individual policies are not provided. However, we must track those accounts eligible for this added coverage and provide that information to ESI regularly.

Additional information regarding your deposit insurance coverage can be obtained by contacting us. You may also visit NCUA and/or ESI websites.