Yale-New Haven Healthcare FCU

Despite the recent funding difficulties of various financial institutions, and the corresponding

sub prime mortgage crisis, please be assured that your Credit Union is safe and sound.

Why? At the beginning of this downturn in economic stability, Credit Unions had strong

balance sheets. Furthermore, they have been, and will continue to be, strong throughout this crisis.

Credit Unions are well capitalized. Their overall capital-to-asset ratio is a very solid 11.1%

(as opposed to 10% for banks). This relates to a capital cushion of $90 billion.

Remember, Credit Unions are member-owned, not-for-profit cooperatives. The aim of a

credit union is to provide the lowest possible rates for their members, not to make a quick buck

off of them. Virtually all Credit Unions are federally insured by a fund that is backed by the full

faith and credit of the U.S. government. The National Credit Union Share Insurance Fund

(NCUSIF) insures savings at least up to $250,000 per account. The National Credit

Union Administration (NCUA), an agency of the federal government, administers the NCUSIF.

Please feel free to contact the Credit Union with any questions you may have regarding the

stability of the money in your accounts. We are always willing and happy to help our members

move forward with sound financial products and services, and are proud to provide a safe and secure setting in which they can do so.

Federal Reserve Fraud Alert

The Federal Reserve Board on Tuesday, November 4, 2008, alerted the public to instances of questionable solicitations directed at consumers.

These solicitations promise consumers access to personal loans through a nonexistent Federal Reserve lending program.

Under this fraudulent scheme, targeted individuals are told that that they can work through a broker to access a Federal Reserve program that extends sizable secured loans to consumers. Consumers are encouraged to deposit large sums of money into a bank account, under the guise of a security deposit, in order to receive the purported loan.

The Federal Reserve is advising consumers that it has no involvement in these solicitations and does not directly sponsor consumer lending programs. The matter has been referred to the appropriate authorities for action.

Consumers are strongly urged to verify the legitimacy of potential service providers before entering into a business transaction. Individuals seeking personal finance options are encouraged to do business only with reputable lenders and to shop around for the most favorable loan terms.

Consumers with questions about solicitations that they suspect may be fraudulent are encouraged to contact the Federal Reserve Board Consumer Help Center. Click here for their website or call 1-888-851-1920.

You can do your credit union transactions online.

Please click on HomeBanking Enrollment to sign up.

Please note, the first time you sign in your password is the last four digits of your social.

If you have already signed up go to https:\\homebanking.ynhhfcu.org

Any questions, please contact John E. Burke (203) 688-4583.

Please leave the following information: name, membership number if applicable, and either a phone number where you can be reached or your e-mail address. Please also leave a detailed description of your question or request. We will get back to you as quickly as possible.

Identification Program as Required by the USA Patriot Act

To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

If you presently have an account with us and you open additional accounts, add joint owners to an existing account or apply for a loan, we must also verify and retain copies of your identification.

We ask for your understanding as we work to support these efforts to maintain the security of your funds and our country.

CAUTION: Electronic mail sent through the Internet is not secure and could be intercepted by a third party.

For your protection, avoid sending identifying information, such as account, Social Security or card numbers to us or others. Further, do not send time-sensitive, action-oriented messages, such as transaction orders, fund transfer instructions, or check stop payments, as it is our policy not to accept such items electronically

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