INSURANCE COVERAGE UPDATE -

Effective April 1, 2006 - Insurance coverage for certain retirement accounts has been increased to $250,000.

Recent legislation has increased the maximum level of share insurance coverage for certain retirement accounts, including Traditional IRA's, and Roth IRA's.

Federal Share Insurance protects your money against loss in the event of a credit union failure. This insurance is provided at no additional cost to the member and promises that your shares are backed by the Full Faith and Credit Union of the United States Government.

Americans today are expected to live longer in retirement than in previous generations. This increase to share insurance coverage is necessary to meet the retirement savings needs of the 21st century. Under the previous rules, savers who were seeking the security of federal insurance for their large nest-eggs could only protect $100,000 of their retirement savings at any one federally insured credit union. Those individuals had to deal with the inconvenience of depositing the excess funds in retirement accounts at one or more additional financial institutions to guarantee the safety of the remainder of their savings.

As of April 1, 2006, your shares in covered retirement accounts at our federally insured credit union are combined and insured to a maximum of $250,000.