NEWPORT NEWS, VA — Due to the present economic environment, there have been numerous stories on television and in the papers recently detailing some of the challenges that financial institutions and other organizations face. I know many of you are concerned about the safety of your funds on deposit at Langley FCU. I would like to take a moment to reassure you of our Credit Union's safety and soundness.

First, LFCU's financial position is extremely strong. Our Credit Union is having another exceptional year of performance, despite the troubled economy, and we continue to provide members with competitive rates and affordable products & services. Our Credit Union wisely avoided the subprime mortgage loan market and maintained conservative loan policies designed to help members whenever possible, without putting members or the organization at risk. As a result, we are not experiencing losses like many other financial institutions across the country. In addition, Langley FCU has always placed great importance on maintaining high levels of reserves. We are strongly capitalized and well-prepared to handle any adverse situation. This Credit Union is not in danger. On the contrary, we are in a tremendous financial position and continue to manage all portfolios to eliminate risk to the greatest extent possible.

Lastly, please keep in mind, your deposits are also insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and confidence of the United States Government. Due to the recent passing of the Emergency Economic Stabilization Act of 2008, the National Credit Union Administration (NCUA) has increased share insurance protection to $250,000 on all types of accounts. To find additional information regarding NCUSIF and even a 'share insurance estimator' calculator, please visit the National Credit Union Administration (NCUA) website located at http://webapps.ncua.gov/ins/.

Langley Federal Credit Union has always taken great care to responsibly manage and protect your assets. Member deposits are safe and insured by the Federal Government. Our core mission is to provide world-class financial services to meet members' needs while maintaining financial stability and that is exactly what we are delivering. Thank you, as always, for choosing to belong to LFCU.