Dear Member,

As you know, the NCUSIF guarantee of uninsured shares at corporate credit unions expires on February 28, 2009.  Our previous communications said that Members United expected to be participating in the voluntary guarantee program offered by NCUA.  We are announcing today that Members United is participating in that program.  This extends that guarantee through December 31, 2010, and gives you and your board the complete assurance that your members’ funds are safely invested with Members United.

In addition, we are announcing that Members United will be conducting a series of town hall meetings during the first three weeks in March.  These meetings are intended as an opportunity to discuss our plans for the future, share our thoughts on the Advanced Notice of Public Rulemaking and Request for Comment (ANPR) concerning Corporate Credit Unions, and hear your views.  We are working on logistics now, and will be publishing a schedule shortly.

Finally, in order to allow credit unions to attend NCUA’s webcast concerning an update on the Corporate Credit Union Stabilization program, we are rescheduling our Financial Update webinar scheduled for tomorrow to Thursday February 19th, beginning at 10 AM central time.

Thank you for your continued support of Members United.

Sincerely,

Joseph P. Herbst
CEO