Press Release

Yakima Valley Credit Union Financially Strong

Yakima , Washington (July 15, 2008) –Yakima Valley Credit Union (YVCU) is financially strong during these economic times.

The news coverage for financial institutions and the mortgage companies has not been positive. This can cause concern for consumers who have money deposited with a financial institution. Yakima Valley Credit Union remains financially strong and YVCU members can rest assured their funds are safe.

The Credit Union is a not-for-profit, member-owned, financial cooperative dedicated to improving members’ lives. There are no stockholders at a Credit Union. Members elect a volunteer Board of Directors to oversee the Credit Union. The deposits are the members and there is careful consideration with every loan and decision made to invest those funds.

Yakima Valley Credit Union has not participated in the sub-prime mortgage lending and investing is highly regulated. The delinquency rate at the credit union is .28% which is substantially lower than peers and capital is over 10%. The Credit Union continues to remain strong growing to over $240 million in assets this year. It currently serves over 29,600 members with five convenient branch locations. The Credit Union has been serving members in the valley since 1939, when it was originally formed as a Fireman’s Credit Union.

The members’ funds are federally insured by the National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the United States Government.

The Credit Union’s mission is to provide superior services to help members achieve their financial goals. During these difficult economic times, members can rest assured that the Yakima Valley Credit Union is a safe and financially strong financial institution.