Media Release

NCUA Terminates Toledo Metro Federal Credit Union Letter of Understanding

September 18, 2008, Alexandria, Va. -- The National Credit Union Administration Board has terminated a published Letter of Understanding (LUA) signed February 16, 2006, by Toledo Metro Federal Credit Union, Toledo, Ohio, recognizing the credit union has resolved the issues discussed in the LUA and improved its underwriting and compliance with NCUA rules and regulations.

Toledo Metro Federal Credit Union is open, operating and serving its members. Member funds are federally insured up to at least $100,000 by the National Credit Union Share Insurance Fund, a federal fund managed by NCUA and backed by the full faith and credit of the U.S. government.

http://www.ncua.gov/news/press_releases/2006/NR06-0614.htm

The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates and manages the National Credit Union Share Insurance Fund, insuring the savings of over 88 million account holders in all federal credit unions and the majority of state-chartered credit unions.    

-NCUA-