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chevron federal credit union

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									                                                                             Chevron Federal Credit Union
Chevron Federal Credit Union (CFCU) is a conservative, not-for-profit organization and does not offer
products that could potentially put our members' financial safety at risk. Our members work hard for
their money and we believe that protecting our members’ trust and share deposits is critical to our
success. As the following graphs show, CFCU has been able to maintain a position of financial strength,
watch its assets grow, and has an incredibly low real estate loan delinquency rate.


                                NET CAPITAL RATIO
                                                                                                                  CFCU’s net capital ratio of
14.00%

                                                                                                                  12.30% at November 2008
                                                                                    12.3%
12.00%
                                                                                                                  is more than the “Well
                    10.7%
                                                      10.0%
                                                                                                                  Capitalized” level of 7.00%
10.00%

                                                                                                                  as defined by the NCUA
                                                                                                     NCUA
8.00%
                                                                                                                  (credit union regulators).
                                                                                                     “Well
                                                                                                   Capitalized”
6.00%
                                                                                                                  Our net capital ratio has
                                                                                                      Level

                                                                                                                  grown 23% year-to-date
4.00%

2.00%                                                                                                             through November 30, 2008
                                                                                                                  reflecting CFCU’s financial
                                                                                                                  strength.
0.00%
                   Dec-06                             Dec-07                       YTD 2008




                                      ASSET GROWTH
25.00%
                                                                                                                  CFCU’s asset growth was
                                                                                                                  19.4% year-to-date through
                                                                                                                  November 30, 2008. This
20.00%                                                                                 19.4%

                                                                                                                  reflects our members’ trust
                                                                                                                  in CFCU.
15.00%
                     12.4%

10.00%                                                    9.5%                                                    CFCU’s growth far exceeds
                                                                                                                  the credit union industry
5.00%                                                                                                             average of about 7.0%
                                                                                                                  and bank average of about
0.00%                                                                                                             3.60% unannualized through
                    Dec-06                               Dec-07                      YTD 2008                     September 2008.
                                                                                    Unannualized




                 RESIDENTIAL REAL ESTATE LOANS
                      60 DAY DELINQUENCY
                                      Bank data available only as of quarter end

                                                                                                                  CFCU’s real estate loan 60-day
6.00%
                                                                           5.1%                                   delinquency ratio is 0.5%
                                                                                                                  compared with commercial
5.00%

4.00%                                                                                                             banks’ delinquency rate of
                    3.0%                                                                                          5.1%. This reflects our
                                                                                                                  prudence in underwriting
3.00%

2.00%                                                                                                             our loans. Unlike others, CFCU
                                                                                                                  did not make any subprime,
                                                                                                                  option adjustable rate, or
1.00%
                                                                                       0.5%
0.00%
                                        0.0%                                                                      no-documentation mortgages.
                             Dec-07                                       Sep-08      Nov-08
                                        Commercial Banks                CFCU

         * Bank delinquency data comes from www.federalreserve.gov/all statistical data/delinquency
           rates for all-SA banks

								
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