shares

							Dear Credit Union Member:

        In light of the recent problems within the banking industry, some of our members have inquired
about the strength and stability of Ukrainian Selfreliance FCU. We are proud to inform you that
USFCU’s financial status is stronger today than it ever has been since it’s establishment 56 years ago.
Our loans and member deposits exhibit continuous growth, contributing to a year over year increase in
capital and surplus reserves. One indication of our fundamental strength is the $5.3 million paid in
dividends in 2007, and over $4.2 million in the first ten months of 2008.

       We have also received inquires concerning member deposit insurance. The shares in your
Credit Union are insured by the National Credit Union Share Insurance Fund (NCUSIF). NCUSIF is
a federal fund managed by NCUA and backed by the full faith and credit of the United States
government. Your share insurance is similar to the deposit insurance protection offered by the
Federal Deposit Insurance Corporation (FDIC). Insured credit unions display this symbol:
                                   Your savings federally insured to at least $100,000 and backed
                                     by the full faith and credit of the United States Government




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



       The cost for this important credit union benefit is borne by your credit union. Additional
information concerning your NCUA share insurance directly follows this letter, or you may visit the
NCUA website at www.ncua.gov.

                   “Not one penny of insured savings has ever been
                 lost by a member of a federally insured credit union.”

       Ukrainian Selfreliance FCU strives to make sound loans at favorable interest rates. We are
proud to say that we do not and never have participated in “sub-prime lending” which is the main
cause of the current housing crisis and bank failures. We at Ukrainian Selfreliance FCU work with our
members to review their individual needs and ability to repay monies borrowed by qualifying them for
mortgage products they can afford. As a result of our efforts, we have experienced continued loan
growth with no foreclosures and an extremely low delinquency rate.

       To verify Ukrainian Selfreliance FCU’s financial soundness, we are annually audited by:

                      ● Reinsel & Associates, a public accounting firm
                      ● The National Credit Union Administration (NCUA)
                      ● Credit Union National Assoc (CUNA) Risk assessment

        The future financial strength and soundness of Ukrainian Selfreliance FCU and the financial
security of our members guide all our management decisions. If you have any questions or concerns
about the information provided please contact us at 215-725-4430 or toll free 888-765-8282.

               Mary Kolodij                                                                  Halyna O. Keller
               Chairman of the Board                                                         CEO




         Here’s how your Credit Union insures your shares and how you can
                             maximize your coverage.
    How much coverage does each credit union member have? Share accounts in federally
    insured credit unions are insured up to $100,000—just as with FDIC coverage at banks. If a credit
    union member has more than one individual account in the same insured credit union, those
    accounts are added together and are insured up to $100,000. Shares in different legal ownership
    capacities are each separately insured through NCUA up to $100,000.
            Husband and wife $1,500,000_____________
            Individual Accounts: Husband                  $ 250,000
                                   Wife                   $ 250,000
            Joint Accounts:        Husband & Wife         $ 500,000
            Revocable Trust Accounts:
                           Husband as Trustee for Wife    $ 250,000
                           Wife as Trustee for Husband    $ 250,000
                                                          $1,500,000

            Husband, wife and one child $3,000,000
            (or Grandfather, grandmother and one grandchild)
            Individual Accounts: Husband                  $   250,000
                                   Wife                   $   250,000
                                   Child                  $   250,000
            Joint Accounts:        Husband & Wife         $   500,000
                                   Husband & Child        $   500,000
                                   Wife & Child           $   500,000
            Revocable Trust Accounts:
                           Husband as Trustee for Wife    $   250,000
                           Husband as Trustee for Child   $   250,000
                           Wife as Trustee for Husband    $   250,000
                                                          $   3,000,000




            Parent and one child $1,500,000___________
            Individual Accounts: Parent                   $ 250,000
                                   Child                  $ 250,000
            Joint Accounts:        Parent & Child         $ 500,000
            Revocable Trust Accounts:
                           Parent as Trustee for Child    $ 250,000
                          Child as Trustee for Parent     $ 250,000
                                                          $ 1,500.000

            Husband, wife and two children $4,000,000
            (or Grandfather, grandmother and two grandchildren
            Individual Accounts: Husband                  $   250,000
                                   Wife                   $   250,000
                                   Child #One             $   250,000
                                   Child #Two             $   250,000
            Joint Accounts: Husband & Wife                $   500,000
                            Husband & Child #One          $   500,000
                            Wife & Child #Two             $   500,000
                            Child #One & Child #Two       $   500,000
            Revocable Trust Accounts:
                   Husband as Trustee for Wife            $ 250,000
                   Husband as Trustee for Child #One      $ 250,000
                   Husband as Trustee for Child #Two      $ 250,000
                   Wife as Trustee for Husband            $ 250,000
                                                          $4,000,000




IRAs, Keogh and Deferred Compensation accounts are insured through NCUA separately
up to $250,000 from other accounts a member has at the same credit union.