As we previously informed our MECU members and the public, in this time of economic upheaval, MECU is financially sound. With the passage of the Emergency Economic Stabilization Act of 2008 and its signing by President Bush, the government insurance on your accounts, provided by the National Credit Union Administration, has increased to $250,000.

This increase in federal insurance provides an additional layer of security in this time of uncertainty. You can be sure that your deposits in MECU are safe and will be available to you when you need them. MECU also provides an additional layer of protection for its members with Excess Share Insurance of $75,000 per account. This means that your accounts are insured for $325,000 with the combination of government and private insurance.

If you are an investor concerned about tying up funds in Certificates of Deposit when interest rates may rise, we encourage you to look at MECU's Bump-Up CDs that will let you take advantage of possible increases in interest rates. If you are a small saver wanting to plan for your or your children's futures, take a look at MECU's Auto-Build CD which let's you start with a minimum of $25 and keep adding to your account.

Please know that at MECU, you not only have the strength of the NCUA insurance backing your funds, but you also have over 70 years of commitment by the MECU Board of Directors, management team and staff to provide our members with the best financial tools possible.

Herman Williams, Jr.
Chairman of the Board