Ukrainian SelfrelianceMichigan Federal

Credit Union

Photo taken by Nina Wasylkevych

YkpamcbKa Mini

RoonepaTHBa

Annual Report - 2015 - PiMHHfl SBIT

HAUIA META

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i BBinnHBOcxi, mo6 3a,a,o-HOBi i spocxaioni noxpeGn

xa piBHonacHO saGesnennxH xpHBKy

OUR MISSION

Our mission at Ukrainian Selfreliance MichiganFederal Credit Union is to provide our members,in a confidential and friendly manner, the bestpossible financial services at competitive ratesin order to meet the growing and changing needsof our membership and simultaneously maintainthe Credit Union's long-term financial stability.

3AFAJILHI3EOPHCydoma, 16-zo keimnn 2016 p.

o ^o^. 3:00 nonojiydni

6 YKpaiHCbKOMy

KyjibmypnoMy Ifenmpi26601 Ryan Road

Warren, Michigan 48091

/. BidKpummn 6. 3eim Konrnpojibnoi Komicii

2. Mojiumea 7. ffucvycifi

3. BiduumanHH UpomoKony §. Imui Cnpaeu

4. 3eim Fonoeu flupeKU,ii g Bu6opu

5. 3eim CKapdnum JQ 3aKpUmmH

ANNUAL MEETINGSaturday, April 16th, 2016

at 3:00 p.m.

at theUkrainian Cultural Center

26601 Ryan RoadWarren, Michigan 48091

-AGENDA-1. Call to Order 6. Supervisory Committee Report

2. Opening Prayer 7. Discussion

3. Minutes from Previous Meeting 8. Other Business

4. Chairman of the Board Report 9. Elections

5. Treasurer's Report 10. Adjournment

Seated left to right: Natalie Marus^c^ak - Vice Chair, Lubomyr Lypeckyj - Treasurer, Bohdan Usowsky - Chair, Oleh Karanec, Bohdan Korduba - Secretary

Standing left to right: Hon. Lubomyr Jachnycky, Roman Maksimowich, Peter Onyskiiv Not Pictured: Olena Danylyuk, PhD.

B

L AMepHKH y 2015 porn nosiAbHo noKpairpiAacb, AHBASHHCb na ijP" dje"Aep~axEHHx BiAcoTKiB Ha 0.25% y rpyAHi. A°Ka3OM nokjpameHHH eKOHOMiKH Minkany e

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/BHTpaT sa AonoMoroio HOBHX TexHOAori^iHHX noHOBAem Ta nporpaM, am saoniaAflTbr r rKpCAHTlBIIl KOHITH.

BIA IMCHI HAemB AHpeKuii' Ta ycix npauiBHHKiB yKpaiHCbKoi' MiniraHCbKoi S>eAepaAbHoi'KpeAHTiBKH CaMonoMM a xo^y mHpo noAHKysaTH HamHM ^AenaM sa AoaAbnicTb Ta Aosipyy Ba>KKi dDiHaHCOBi nacn no Aoposi AO Kpamoro dpinaHCOBoro MaHGyrHboro. I xony ocoG-AHBO noAflKysaTH HACHaM AHpeKXtii sa i'x npHCBHHeHHH ^;ac i c^iB^pa^IO Ta yciM npaniBHH-

: KpeAHTiBKH sa i'x BiAAany npanio i npocbeciiiHicTb y Tenepimm dpinaHCOBi ^acn.Eozdan JlicoecbKiiu

2015 was the year that the U.S. general economy slowly improved to the point that theFederal Reserve was bold enough to raise federal funds interest rates by 0.25% in December.Michigan's economy has also markedly improved as evidenced by reduced unemployment from

O a high of 14.9% in 2009 to 5.1% in December, 2015.For our credit union, 2015 was the fifth straight year of positive financial performance (Net

Income) exceeding budgeted expectations by over 50% with minimal reversals from the"• allowance for loan losses, as was done in 2014. The capital position and delinquency continueJ) their steady positive trends, which created very convincing conditions for a very positive NCUA

examination in December. As a result of our Fall Strategic Planning meeting, some Board com-mittees and officer positions had been eliminated making serving on the Board by youngermembers more attractive. When needed, ad-hoc committees are formed to address specificissues, and once their work is done, they are dissolved.

i The nagging two difficulties are a decreasing loan portfolio and a decrease in membership.Our members appear to be somewhat averse to borrowing, despite very attractive special loan

J. rates. Therefore, management of the investment portfolio and cash is critical to generate netincome and funding of dividends. Continuing efforts will be needed in 2016 to reach out to the

, , recent immigrants to become our members. Marketing efforts seem to have reversed the recent^ declines in deposits, but time will tell if this effect is sustainable. We continue to financially sup-A port our Ukrainian community, religious, and youth organizations, but in reciprocity, they alsoXT must actively promote membership in our credit union within their ranks.

( For 2016 we anticipate continuing modest economic improvement and an improved invest-ment environment. Strategically, we will continue to focus on four major areas: 1) introducing

S new services while enhancing current services; 2) increasing our loan portfolio by offering loanspecials; 3) seeking new members through aggressive marketing and relationship building withmembers of various local organizations; and 4) improving our operating efficiency through cost

•K saving programs and utilizing technological advancements.On behalf of the Board of Directors and the entire staff of Ukrainian Selfreliance

•p Michigan Federal Credit Union, I would like to express my gratitude and thanks to our members; for their loyalty and trust during the recent unprecedented financial crisis and for standing with

O us now on the road to a brighter future. I want to extend my sincere appreciation to the Boardof Directors for their commitment and cooperation and to our credit union staff for their ded-ication and professionalism in these still difficult economic times.

Mohdan Lisowsky

CropinKH 8 Ta 9 noKasyioTb AeraAi cjsiHaHCOBoro crany namoi KpeAHTiBKii sa 2014Ta 2015 POKH. AoAaTKOBi Aani noAani na cropii-iKax 14 Ta 15.

HK 2015 noKasye, mo iHBecraiui, BKAaAH HAeniB i pesepBH/HeposnoAMeHi npH-GyrKH sGiAbiiiHAJtcfl B nopiBHHHni AD 2014-ro pOKy.

TaGAHHH BHiisy, GaaoBana na ashi CKapGmiKa Ha MICHHHHX cxoAnnax AHpeKiiii',niAcyMOBye cbmaiicoBi Aani aa POKH 2014 i 2015. Harui Gpyrro noanHKH SMCHHIHAHCHB nopiBHHHni AO 2014-ro pony. L[e He AoGpnii nanpHMOK, roivry mo narni HACHH, aHeBJAOMi-ix npHHHH He noaEraaioTb y Hamiii KpeAHriBi;!, moGn Kynirra xaxy, aBTOMO-6iAi ra mini Heo6xiAni peni. ^H anaeTe, mo ACTKO oTpHMaTH noaHHKy B Hamiii Kpe-AHTiBiii? IIpocTO saTeAecpoHyiiTe AO CocpiiiKH Komis, a6o iff KOMneTCHTHHX cniBpo-GiTHHKifi, mo6 OTpHMaTH HJO IHCpOpMaililO.

Hami pesepBH Ha MO>KAHBi BTpaTH na noaHHKH anaHHO 3HH3HAHCH i He noTpiGno,mo6 AQAaTH 6iABme rpomeii Ha iieii paxynoK.

KoMiTexy sacAyrosyioTb ocoGAHBoro BHsnaHHH sa i'x CTapaHnicTb. BOHHaycTpiHaAHCJi npoTaroM pOKy pospo6HTH noALTHKy KpeAHTiBKH, o6roBopn-

TH <^)iHaHCOBHH 3Brr, mo6 sGiABinyBaTH npnGyroK AO MaKCHMyMy, KOHTpoAioBaTHBHTpaTH Ta moG 6yni CHABHOIO (|)iHaHCOBOio ycTanoBoio B yKpaiHCBKiiiCHHCOK HAeniB noMimeHHH BHuay.

Ham cbmaHcoBHH asiT BiAoGpa^Kae u;e

'_

' Assets,

Liabilities

Income

Expenses

Loans, GrossAllowances for Loan Losses

InvestmentsMembers Deposits

Reserves/Undivided Earnings

InterestNon-Interest

DividendsOperating

Net I ncome

MIS$30*108,48 L06

$808,493.25$81,090,143.35

5102,373,824.45$12,580,625.36

$2.493303.66$22 1,45 6 J2$"283,843.83

$1,784,547.01$846,368.02

2014$34,280,832.07

$1,428,314.61$73,302,560.08$99,750,226.28$11,897,063.17

$2,646,594.01$263,385.23$305,460.64

$1,947,677.00$1,129,388.00

The above table summarizes the financial data for the years 2014 and 2015. Adetailed report is shown on pages 8 and 9. Investments, member deposits, andreserves/undivided earnings increased in 2015 from 2014. Allowances for loan losseshave been reduced significantly.

Our gross loans decreased from 2014. That is not a good trend because our mem-bers, for some reasons, do not borrow at our credit union to purchase homes, cars andother necessary items. Did you know that it is easy to obtain a loan at our credit union?Just call Sophie Koshiw or one of her competent staff to obtain that information.

Members of the Finance and Asset/Liability Management Committee deservespecial recognition for their diligence. They met monthly during the year to developcredit union policies, to review the financial reports, to maximize income and controlexpenses, to constantly increase the net worth ratio and guide the credit union to be astrong financial institution in the Ukrainian community. Our financial report reflectsthat accomplishment.

Committee members: Lubomyr Jachnycky, Bohdan Korduba, Sophie Koshiw,Bohdan Lisowsky, Lubomyr Lypeckyj, Roman Maksimowich, Peter Onyskiw andAndrew Zeleney.

Lubomyr Lypeckyj

cKAPEHHK

TREAS

uRER

Hama KpeAHiiBKa MaAa ycniniHHH 2015 piK. HaeiTb B uefi nac HHSB-TT KHX cpiHaHCOBHx BiAcoTKiB, KpeAHTiBKa MaAa AoxiA SHAKO AO piHHoro 3Bhy.

MH npOAOBJKyeMO npononyBaTH HOSHHKH sa SHEDKCHIIMH BiACOTKaMH AAH-* CTBOpCHHH HOBHX KpCAHTlB. KiABKlCTb SaACrAHX HO3HHOK TaKO>K SHa^HO 3MCH-

E IHHAaCb.MH npOAOB>Kyeivro naAasaTH nocAyra AAH Harnnx

i paxyHKH ra ATM KapTKH (B sasHanemix riAKax ATM),KapTKa VISA xa cnomiBni xa MOpxreA>KOBi HOSHHKH sa HHSBKHMH

E BiACOTKaMH - HC AHine Aeflid nocAyrn MH npononycMO. B Tpasm 2016-ro poxy•y- MH GyACMO nponoHysaTH HOBy nocAyry 'Bill Pay' xa npn tdniii cepnmi 2016-ro

pOKy HACHH 3MO>KyTb KOpHCTyBaTHOfa 'Ae^ir' KapTKaMH

AjiKyroHH HaniHM HAenaM sa I'XHIO AOBipy AO KpeAHTiBKH, MH raKO>KC XOHCMO naraAaTH npo re, mo Baina poAnna Tai<o>K MTOKCTT natuHMH nocAyraMH - peKOMCHAyHTe nac ^K cpmaHCOBy mATpHMKy i AA.JI

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AocrynHa nepes iHTepner ra Mo6iAbHHH-6aHKinr. HacaMnepeA AyManre nponamy KpeAnriBKy AAJI ycix samnx (pinaHcoEHx noxpeG.

-" ^ n^Hpo AflKyro HaniHM npau;iBHHKaM sa i'x sycHAAa BHauiHx HAeniB na npoxasi AOBFHX POKIB. [̂ xaKO>K AflKyro ycM

f-\i ra KoMrreTiB sa i'x niATpHMicy raCom Koiuie

FT Our credit union has completed another successful year in 2015. Even

in this low-rate interest environment the credit union has been profitable asshown in our income statement. We continue to offer several loan specials^-dur-

E ing the year to generate new loans. Also, our delinquency rate on loans has beenD steadily decreasing.( We continue to provide low-cost services to our members. No-fee

checking accounts, surcharge-free ATM cards (in our CO-OP network), lowinterest rate VISA cards as well as our low rate consumer and mortgage prod-ucts are just some of the products we provide. We will be offering two newservices in 2016 - Bill Pay in late May, 2016 and Debit Cards in late August,

-** 2016. Look for more information in our upcoming newsletters and on ourE website.p As we thank our members for their loyalty over the years, we also ask

them to refer our credit union to their families and friends. As our membershipdeclines with the passing of our founding members, the new immigrationneeds to join our financial institution. As our membership moves out of statefor job opportunities, they can still transact business with us. The credit unionis never far away with our Shared-Branching and ATM network andinternet/mobile banking. Consider using our credit union first for all yourfinancial needs.

I would like to thank our staff for their dedication in serving ourmembers. I also wish to thank our Board of Directors and various Committeesfor their Strategic Planning efforts for our future and their support and guid-

Sophle Koshiw

y 2015 poiri AO KpeAHXOBoro Koivtixexy naAOKaAHHACHH: EHH KAOF, Mapk KOA, Cocpifl Komie, AioGoMHp AmieiibKnii,PoMan MaKCHMOBHra, IsaH COBHK i OACF Kapanenb (ToAOBa Komxexy).

HAenis Kowdxexy 6ye neperA#A XIOSHHOK, POSXAHAra peKOMeHAairiT AwrpeKTTiV KpeAnxiBKn npo cmicyBaHH.3 saACXAHX

HO3HHOK. •*

BHAaAa copoK OAHH (41) MOpreA>KiB na saraAbHy cyivry T$6,683,083; CTO niicTAecflTb AB! (162) cno>KHBHi HOSHHKH na cyiviy$1,947,148 i copoK HOTHpH (44) HOBHX VISA KapxoK.

Ha 31 rpyAHH 2015 poKy 6yAo niicxB (6) saAerAiix HOSHHOK na _.cyMy $338,698. flpoxaroivi SBixnoro nepioAy KoMixex peKOMCHAyBaBAHpeicnii, mo6 n'sxt (5) HOSHHOK na saraAbHy cyMy $481,784 6yAO cniica-HO. M

2015 poKy $200,000 GyAo nepeHeceno AO pesepsiB na JBxpaxH. Ha Kiiien;b rpyAH^ 2015 poKy GaAanc cpoHAy pesepBH na BxpaxncxanoBHB $808,493. ~,

Ha saKfflraeHHfl a xo^ry noAflKyBaxH HAcnaM KpeAiixoBoxo Kowdxexysa i'xHio cniBnpan;io xa AonoMory npoxaroM poKy. 5i xaKO>K AflKyio HAenaMKoiviixexy MapKCXHHry i HAencxBa sa xe, mo BOHH npoAOBacyioxb niAXpHMy-Baxn Hac y HaAanni HOSHHOK.

Ojiee

In 2015 the Credit Committee consisted of the following members:Anne Clogg, Maria Cole, Sophie Koshiw, Lubomyr Lypeckyj, RomanMaksimowich, John Sowik, and Oleh Karanec (Committee Chair). Thecommittee's responsibilities included the review of loan requests, monitor-ing of delinquent loans, and identifying uncollectable loans to be approvedfor charge-off by the Board of Directors.

The credit union issued forty one (41) mortgage loans for a totalamount of $6,683,083 in 2015; one hundred sixty two (162) consumer loansin the amount of $1,947,148 and forty four (44) new VISA cards.

The number of delinquent loans at December 31, 2015, was six (6)loans in the amount of $338,698. During the reporting period the commit-tee made a recommendation to the Board of Directors to charge off five(5) loans in the amount of $481,784.

Recoveries in 2015 on prior charged-off loans and a decrease indelinquent loans resulted in a credit in Provision for Loan Losses in theamount of $200,000. As of December 31, 2015 the Allowance for LoanLosses (ALL) account had a balance of $808,493.

In conclusion, I wish to thank the members of the CreditCommittee for their cooperation and help throughout the year. I also thankthe Marketing & Membership Relations Committee for their continuedefforts in promoting our loan products.

Oleh Karanec

UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNIONSTATEMENTS OF FINANCIAL CONDITION

DECEMBER 31, 2015 AND DECEMBER 31, 2014

Cash and Cash Equivalents

Investment Securities

Securities Available-for-Sale

Securities Held-toMaturity

Other Investments

Loans Receivable, Net of Allowancefor Loan Losses

Accrued Interest Receivable

Property & Equipment

Prepaid Expenses

NCUSIF Deposits

Land Contract Receivable

Other Real Estate Owned

Other Assets

2015

$ 2,598,042

25,705,939

11,967,207

43,417,097

29,299,988

213,729

795,935

63,597

981,243

230,566

55,000

187,102

2014

$ 3,192,403

31,355,471

2,930,783

39,016,406

32,852,517

191,535

841,415

70,950

983,201

240,369

140,000

189,300

AKTHBH

FoxiBKa

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HosOTKH (Hexxo)

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Hanepea saimanem paxyHKH

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IHIIII AKXHBH

TOTAL ASSETS $115,515,445 $112,004,350 PA3OM AKTHBH

LIABILITIES & EQUITY HACHBH

Members' Shares

Dividends & Interest Payable

Accounts Payableand Other Liabilities

Accrued Expenses

Members' Equity,Substantially Restricted

TOTAL LIABILITIES& EQUITY

$102,373,824

43,323

197,837

1,324,902

$99,750,226

76,741

196,903

1,199,036

Bipnxeni

iHiiii

11,575,559 10,781,444 PeaepBH (Hexxo)

$115,515,445 $112,004,350 PA3OM HACHBH

UKRAINIAN SELFRELIANCE MICHIGAN FEDERAL CREDIT UNIONSTATEMENTS OF INCOME

YEARS ENDED DECEMBER 31, 2015 AND DECEMBER 31, 2014

INTERESTINCOME

Loans Receivable

Investment Securities

TOTAL INTERESTINCOME

INTEREST EXPENSE

Dividend on SharesBorrowed Funds

TOTAL INTERESTEXPENSE

NET INTERESTINCOME

Provision for Loan Losses

NET INTEREST INCOMEAFTER PROVISION FORLOSSES

2015

$ 1,488,855

1,004,449

2,493,304

283,8442_

283,846

2,209,458

(200.000)

2.409.458

2014

$ 1,723,782

922,812

2,646,594

305,461

0

305.461

2,341,133

(472,500)

2,813,633

BmCOTKOBInPHEYTKH

BiflCOTKH Bifl nOSHHOK

BiflCOTKH Bi

PA3OM

KOIIIT KAHITAJiyH

sa nosmieHi rpomi

PA3OM

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Pesepsa Ha MOXCJIHBV crmaiyIIOSHHOK

PA3OM

NON-INTERESTINCOME

Gain (loss) onOther Real Estate Owned

Fees & Late Charges

Other

TOTAL NON-INTERESTINCOME (LOSS)

18,512

66,166

136,779

221,457

42,748

59,916

160,722

263,386

BE3BL5COTKOBIHHPHXIfl

CnncaHHH 3 paxyHKynepyxoMOCTi

Fees & Late Charges

IHIIIHH

PA3OM

NON-INTERESTEXPENSE

Compensation & Benefits

Occupancy

Operations

Loan Servicing

Professional Services

Other

TOTAL NON-INTERESTEXPENSE

NET INCOME

869,865 877,914

OHEPATHBHIBJLTATKH

Unarm i 3a6e3neneHHanpaqiBHHidB

BflepacaHHs 6rop

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Inmi

SAFAJItHI

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FINANCIAL

RATIOS

FINANCIAL RATIOSCost of Funds to Avg. Assets

Net Worth Ratio

Operating Expenses to Total Income

Gross Loans to Total Assets

Delinquent Loans to Total Loans

Yield on Average Loans

Yield on Average Investments

USMFCU PEER AVG.*12-31-2015 12-31-2015

.25% .39%

11.08% 10.83%

66.74% 75.25%

26.06% 61.45%

1.12% 0.96%

4.62% 4.72%

1.25% 1.17%

*Peer Average ratios show how a credit union compares to a group of federally insured

credit unions of similar asset si%e. Source: National Credit Union Administration.

Ukrainian Selfreliance Michigan Federal Credit UnionStatements of Chang

Years Ended December 31,

BALANCES, DECEMBER 31, 2013

Net Income

Net Change in Unrealized Gain orLoss on Available-for-Sale Securities

Recognition of Other Gains onDefined Benefit Plan

Total Comprehensive Income

BALANCES, DECEMBER 31, 2014

Net Income

Net Change in Unrealized Gain orLoss on Available-for-Sale Securities

Recognition of Other Losses onDefined Benefit Plan

Total Comprehensive Income

BALANCES, DECEMBER 31, 2015

REGULARRESERVE

$4,600,000

0

0

0

0

$4,600,000

0

0

0

0

$4,600,000

res in Members' Equity2015 and

UNDIVIDEDEARNINGS

$ 6,223.973

1,129,342

0

0

0

$ 7,353,315

846,368

0

0

0

$ 8,199,683

December 31, 2014

ACCUMULATEDOTHER

COMPREHENSIVEINCOME

$(1,792,147) $

0

977,355

(357,079)

0

TOTAL

9,031,826

1,129,342

977,355

(357,079)

620,276

$(1,171,871) $10,781,444

0

26,958

(79,211)

0

$(1,224,124) $_

846,368

26,958

(79,211)

(52,253)

11,575,559

10

sVpERVISoR

Left to Right: Eliot Bo/de - Chair, He/en Derkaa^Ttirner, and Leo Cionka

Not pictured: John Dicky and Natalia Sly^b-Stasiw

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E/iiom Eojidi

The Supervisory Committee is responsible for audit oversight of financialreporting and ensuring that the credit union's practices and procedures safeguardmembers' assets. In July, 2015 the Board of Directors appointed the followingindividuals to its Supervisory Committee for the 2015-2016 year: Eliot Bolde, LeoCionka, John Dicky, Natalia Slyzh-Stasiw and Helen Derkacz-Turner. The com-mittee elected Eliot Bolde as Chair and Natalia Slyzh-Stasiw as Secretary.

During 2015 the Supervisory Committee performed reviews of the loanportfolio, internal controls, cash counts and adherence to policies and procedures.The Supervisory Committee held its own meetings throughout the year and amember of the Supervisory Committee attending the monthly meetings of theBoard of Directors. The Committee engaged Financial Standards Group, LLC toconduct the annual audit of the credit union's financial statements, complete anannual verification of members' accounts and review credit union operations. Iwould like to thank the members of the committee for their time and dedicationand to acknowledge the help received during the year from Sophie Koshiw, CEO,

and her staff. Eliot Bolde

11

2015

MAIN OFFICE - WARREN26791 Ryan Rd., Warren, MI 48091

Phone: (586) 756-3300 - Fax (586) 756-4316Toll Free Number Outside of Michigan 1-877-POLTAVA

Website: www.usmfcu.org Email: cuwarren(i ^usmfcu.org

sTAFF

Sophie KoshiwChief Executive Officer

Natalia EorshchMember Services

Christine KimpeMember Services

Anne CloggMortgage & Consumer

Loan Officer

Maria ColeMember Services

KJnystyna FerencbukMember Services,

Loan Officer

12

Darlene lirycajHead Teller

Svetlana KabachinskayaAccounting

Nadia MarfeyTeller

SoivikMember Services, Investment Officer

,•"• •*• i

_. i

Lyudrtiyla KiijykTeller

f̂,Jaroslav Zbeksyiyak

Teller (Part-time)

Borys BlujIndependent Contractor - Special Projects

DEARBORN HEIGHTS OFFICE HAMTRAMCK OFFICE5734 N. Telegraph Rd., Dearborn Hts., MI 48127 11838 Jos. Campau, Hamtramck, MI 48212

Phone: (313) 724-2390 Fax: (313) 724-3390 Phone: (313) 891-4100 Fax: (313) 891-4101

Anna Terlecky - Head Teller Martha Nakonec-^tyjHead Teller

Natalia BorysyukAssistant Head Teller

13

SOURCES OF OPERATING INCOME

INVESTMENTINCOME

36.9%

OTHER INCOME8.2%

**************************»****»*«

**************«** INTEREST!INCOME54.9%

ALLOCATION OF EXPENSES

Loan Servicing8.1%

ProfessionalServices 4.9%

Other Expenses9.8%

Salaries &Benefits 48.7%»#****

************************************************************************

Office Operations 19.9% x Office Occupancy 8.6%

Does not include provisions for Loan Losses

14

$120 -g

ASSETS

2012 2013 2014 2015

$12

$10-)

$3

$6

$4

$2

$0

2011

LOANS (Gross)

2013 2014 2015

Members Equity

$9,0

$10.8$11.6

2015 2011 2012 2013 2014 2015

Ukrainian SelfrelianceMichigan Federal

Credit Union

MAIN OFFICE26791 Ryan Road

Warren, Michigan 48091

Telephone: (586) 756-3300 - Fax (586) 756-4316

Toll Free Number Outside Michigan: 1-877-POLTAVA

Website: www.usmfcu.org E-Mail: cuwarren@usmfcu.org

- BRANCHES -

Hamtramck11838 Jos.Campau

Hamtramck, Michigan 48212Phone: (313) 891-4100 - Fax (313) 891-4101

Dearborn Heights5734 N. Telegraph Rd.

Dearborn Heights, Michigan 48127Phone: (313) 724-2390 - Fax (313) 724-3390

For ATM & Credit Union Service Centerlocations nationwide log on to:

xvww.allco-op.org

Your savings federally insured to at least $250,000 andbacked by the full faith and credit of the United States Government

NCUANational Credit Union Administration, a U.S. Government Agency