“These surefire indicators of our strength as a financial institution, coupled with our member-focused practices, allow us to offer our members access to credit and loan products while larger financial institutions remain reluctant to extend access to these services,” Wong said, as the treasurer’s report showed that MCU has amassed a $1.28 billion loan portfolio and a loan versus member funds ratio of 71.64%.

In addition to a generous loan portfolio, MCU spent 2013 by providing new financial tools and services to help improve the MCU member experience.

JULY • 2014

MCU Director Emeritus Thomas Diana accepts a special award from Chair of the Board Mark S. Brantley, Esq., for his 35 years of dedicated volunteer service to MCU.

This includes the introduction of the pilot credit counseling program, which educates member groups on various credit and personal finance topics, as well as improvements to MCU’s mobile banking services.

MCU Reports Continued Financial Growth and Member Support in 2013

MCU Board Secretary Shirley Jenkins addresses the crowd at the 2014 Annual Meeting.

MCU Chairman of the Board of Directors Mark S. Brantley, Esq. and President/CEO Kam Wong addressed members at the annual meeting on May 7, 2014 at the Hilton Hotel in Manhattan, announcing 2013 as another year of continued financial growth with total assets amounting to more than $1.95 billion and increased member deposits.

“Working cohesively, I am fully confident

that the MCU team will continue to effectively

serve our members and city as a whole.”

Keeping in the credit union tradition of “people helping people,” Municipal Credit Union also reported its conti- nuation and explanation of its philanthropic efforts throughout the New York City area. “MCU never loses sight of our responsibility to give back to the communities we serve,” Brantley said, going on to discuss MCU’s sponsorship of the St. John’s Civil Service Appreciation Day, honoring “Hometown Heroes” in education and transit and advocating for the rights of credit union members across the country through supporting the “Don’t Tax My Credit Union” initiative.

Both Brantley and Wong also reported significant efforts made by MCU to engage in youth initiatives, including a partnership with the United Federa-tion of Teachers to host the second annual Youth Empowerment Day, and partnering with the Frederick Douglass Academy and Make the Grade Foun-dation to build the first ever student run online radio station. Municipal Credit Union also supported the young people within our communities by donating more than $82,500 dollars in scholarships.

MCU Chair of the Board Mark S. Brantley, Esq. gives the Chairman’s Message at the 2014 Annual Meeting.

(Conitnued from Page 1)

MCU’s Board of Directors and President/CEO pose for a photo at the 2014 Annual Meeting. (Top Row, From L to R ) S. Nana Osei-Bonsu, Treasurer; James Durrah, Assistant Treasurer; Loretta Y. Jones, Director; Hon. Sylvia G. Ash, 1st Vice Chair; Mario Matos, Jr., Assistant Secretary; Thomas E. Diana, Director Emeritus; (Bottom Row, From L to R) Beryl Major, Director; Tessa I Hackett-Vieira, Director; Shirley Jenkins, Secretary; Kam Wong, President/CEO; Mark S. Brantley, Esq., Chair of the Board; Joy S. Schwartz, Director; Caroll Duncanson, 3rd Vice Chair; C. Richard Wagner, 2nd Vice Chair.

The success of 2013, both financially and through community outreach efforts, has set the stage of many more thriving years for MCU. “Working cohesively, I am fully confident that the MCU team will continue to effec-tively serve our members and city as a whole,” Brantley said to members, as he looked to 2014.

“MCU never loses sight of our responsibility to give back to the

communities we serve.”

MCU ANNOUNCES WINNERS OF 2014 SCHOLARSHIPS

MCU is proud to announce the winners of the 2014 MCU Scholarship Program. A total of $66,000 in scholarships were awarded to graduating high school seniors. Eight winners were recipients of $5,000 Memorial Scholarships, and 13 winners received $2,000 scholarships. Congratulations to all of this year’s scholarship recipients, and best of luck in all of your future endeavors!

Michael Cintron – James McKeon Memorial Scholarship Winner

Noah Gonzalez – Julian I. Garfield Memorial Scholarship Winner

James Mattone – Willie James Memorial Scholarship Winner

Daniel Murro – Anna Mae Massy Memorial Scholarship Winner

Breinne O’Donoghue – Malachy T. Higgins Memorial Scholarship Winner

Bhavik Parikh – Charles Faulding Memorial Scholarship Winner

Jolene Sysak – Louise DeBow Memorial Scholarship Winner

Kimberly Way – Mayor John Mitchell Memorial Scholarship Winner

Deena AlbertZaklyyud-Din AmmenAlyssa BarrosoSimone CazoeAlyssa CurcioPatrick CurranKaitlyn DohertyMichael GalloIsabel KamWajiha KazmiChristopher McCormickMudassir MumtazElizabeth O’Toole

MCU Announces Board Election Results, Appoints Officers for Upcoming Year

During the 2014 Annual Meeting, held on Wednesday, May 7th at the Hilton Hotel in Manhattan, MCU held an election for four positions on its Board of Directors. Mark S. Brantley, Esq., Hon. Sylvia G. Ash, S. Nana Osei-Bonsu, and Shirley Jenkins were re-elected to the Board and immediately began serving another three-year term. Following the election announcement, Brantley announced the official Board officer positions for the coming year as:

MCU’s Board also includes Tessa I. Hackett-Vieira, Loretta Y. Jones, Beryl Major, and Joy S. Schwartz as Directors, and Thomas Diana as Director Emeritus.

In addition, Almeta Coaxum was re-elected to the Supervisory Committee, where Committee Chair Giovanni Porcelli, Secretary Karen Lucas, and members Joseph Guagliardo and Cheryl Wright also continue to serve.

Mark S. Brantley, Esq. Chair Hon. Sylvia G. Ash, 1st Vice ChairC. Richard Wagner, 2nd Vice ChairCaroll Duncanson, 3rd Vice Chair

S. Nana Osei-Bonsu, TreasurerShirley Jenkins, SecretaryJames Durrah, Asst. TreasurerMario Matos, Jr., Asst. Secretary

Michael Cintron of Piscataway, NJ (center) received the 2014 James McKeon Memorial Scholarship at the MCU scholarship reception on June 5, 2014. Cintron, who graduated from St. Joseph High School in Metuchen, NJ, will go on to attend Rutgers University this fall. Cintron is one of eight MCU Memorial Scholarship winners this year.

(From Left to Right) MCU Memorial Scholarship Winners James Mattone, Kimberly Way, Jolene Sysak, Breinne O’Donoghue, Michael Cintron, Noah Gonzalez and Bhavik Parikh stand together during the 2014 MCU Scholarship reception on June 5, 2014. Each of the winners will receive $5,000 toward their higher education.

PERSONAL LOAN RATES

I371

Unsecured Loan $1,000–$15,000 Up to 60 Months 7.90% $20.25

Unsecured Loan $15,001–$50,000 Up to 60 Months 8.90% $20.73

Unsecured Loan $15,001–$50,000 72-84 Months 9.50% $20.90

AUTO LOAN RATES

2014–2013 125% Up to 60 Months 1.95% $17.512014–2013 125% 61-66 Months 2.25% $16.132014–2013 125% 67-72 Months 2.25% $14.87

2012 125% Up to 60 Months 2.25% $17.642012 125% 61-66 Months 2.55% $16.26 2012 125% 67-72 Months 2.55% $15.00

Municipal Credit Union Supervisory Committee/Internal Audit DepartmentPost Office Box 3418, New York, NY 10277-1863 Attn: Giovanni Porcelli, ChairmanPhone: 212-238-3573 Email: gporcelli@nymcu.org

The Supervisory Committee has established a procedure; whereby, members can confidentially submit concerns regarding questionable accounting or auditing matters, as well as concerns impacting on internal controls. Correspondence should be sent to:

NOTICE FROM THE SUPERVISORY COMMITTEE

Board of Directors Mark S. Brantley, Esq. ChairHon. Sylvia G. Ash, 1st Vice ChairC. Richard Wagner, 2nd Vice Chair Caroll Duncanson, 3rd Vice ChairS. Nana Osei-Bonsu, Treasurer Shirley Jenkins, SecretaryJames Durrah, Asst. TreasurerMario Matos, Jr., Asst. SecretaryTessa I. Hackett-Vieira, Director Loretta Y. Jones, Director Beryl Major, DirectorJoy S. Schwartz, DirectorThomas E. Diana, Director Emeritus

Supervisory Committee Giovanni Porcelli, Chairman Karen Lucas, Secretary Almeta Coaxum, Member Joseph Guagliardo, Member Cheryl Wright, Member

Executive Management Kam Wong, President/CEO Thomas Siciliano, General Counsel Ana Puello, EVP/Chief Financial Officer Richard Casamassa, SVP/Member Service Operations Norman Kohn, SVP/Chief Credit Officer Carole A. Porter, SVP/Chief Retail Banking Operations Officer Kim Thompson, SVP/Chief Human Resources and Labor Relations Officer

Senior Management Anie Akpe, VP/Real Property William Birnbach, VP/Member Service Operations Ahmed Campbell, VP/Loan Operations Corey Fernandes, VP/Business Develop-ment and Member Relations Urmilla Jorawar, Chief Internal Auditor Steven Kibitel, VP/Marketing Amy Kong, VP/Risk Management Linda Lambert, VP/Finance John Parrinello, VP/Collections/ Loss Prevention Agnes Payadue, VP/Retail Banking Operations/Contact Center Janet Perkins, VP/Technology Michael Rosano, VP/Security & Fraud

PHONE NUMBERS: MCU’s Automated Service – Touch Tone Teller:Within the Five Boroughs/Long Island (212) 693-4900

Outside the Five Boroughs/Long Island (800) 323-6713

Application Express: (800) LOAN-MCU

LOAN BY FAX: (212) 238-2699

MCU AUTONET: 888-4MCU-AUTO

VISA Information: (800) 481-7338

Mortgage and Home Equity Information: (212) 238-3521

Deposit Account Information: (212)-693-4900

New Member Line: (866) JOIN-MCU

VISIT OUR WEBSITE: www.nymcu.org

Rates may be higher based on applicant’s credit worthiness. Rates and terms are subject to change without notice. Certain restrictions may apply.

MCU only finances vehicles purchased from a car dealer: We do not offer financing for private sales, individual sales or lease buyouts.

* Auto-Pay: When direct deposit or automatic payroll deduction is utilized as the method of loan repayment. Annual percentage rates for auto loans will increase by 1/2 % after consummation if automatic payroll deduction or direct deposit is cancelled. Annual percentage rates on unsecured loans will increase by 2% after consummation if automatic payroll deduction or direct deposit is cancelled. Late payment fee: $25.00.

APR = Annual Percentage Rate.Municipal Credit Union is an equal housing lender.

NCUA Your savings federally insured to at least $250,000

and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.

For complete information concerning our savings programs, contact the credit union for a “Truth-in-Savings” disclosure.

PERSONAL LOAN RATES Auto-Pay Monthly Payment PerLoan Type Amount Financed Term APR* $1,000 Borrowed

Maximum Auto-Pay Monthly Payment PerLoan Type Amount Financed Term APR* $1,000 Borrowed

New Cars

Pre-Owned Cars

MCU brings The Family Security Plan® to our members in an effort to help build a foundation for a secure future. The Family Security Plan® delivers a diverse array of insurance products designed to meet your specific need.

• Whole Life Insurance provides members with immediate, additional coverage that will not end with retirement or increase in cost. You can select a death benefit with a cash value component to help meet your financial goals.

• Disability Income Insurance helps replace your income in the form of a monthly benefit when you are out of work for an extended time due to an injury or illness.

• Critical Illness Insurance triggers a lump sum cash benefit sent directly to a policyholder who has been diagnosed with a covered critical illness.

For a personal consultation to begin building a customized Family Security Plan®, visit a dedicated Repre-sentative in your local MCU Branch or call 800-257-5030 to speak with a Representative. We look forward to learning more about you, the valued members of MCU.