A Message from the President & CEO

Dear Member:

In the midst of ongoing reporting of many of the difficulties some financial institutions are having in today’s troubled economy, you may have read of the decision by the National Credit Union Administration (NCUA) to place into conservatorship two wholesale corporate credit unions, US Central Federal Credit Union and Western Corporate Credit Union. We want to assure you that these actions do not impact you as a member of Affinity Federal Credit Union. Our credit union remains safe, sound and strong.

The two institutions that were placed into conservatorship are corporate credit unions. Corporate credit unions do not serve consumers. They are chartered to provide products and services only to the credit union system. These products and services will continue uninterrupted. There is no impact on any of the 90 million credit union members nationwide or to the members of Affinity.

Credit unions remain extremely strong, even during these challenging economic times. Nationwide, credit union net worth is at near all time highs. Of more importance to you, Affinity's net worth continues to remain strong and every depositor is insured by the full faith and credit of the US Government through the NCUA insurance fund to a maximum of $250,000.

Our commitment is first and foremost to you – our members. It is because of this commitment we continually strive to give you the best service and a financially sound Credit Union.

Regardless of difficulties some other institutions may have, Affinity is safe, sound, strong and well positioned to meet you and your family’s financial needs today, tomorrow and well into the future.

Lastly, we welcome your inquiries as to how we are doing. You can view our Annual Report or Balance Sheet online and, as always, you can also stop in and see us or give us a call directly at (800) 325-0808.

Sincerely,

John T. Fenton
President & CEO
Affinity Federal Credit Union

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