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Letter from Our CEO

03/13/2023

Dear Valued Member:

This weekend, news spread of the failure of Silicon Valley Bank. I understand that news of a bank failure anywhere in the United States may cause you to worry about your own assets, and I want to reassure you that your deposits are safe and secure with First Harvest Credit Union.

On June 20, 2023, First Harvest will celebrate its 83rd anniversary. We have weathered dozens of economic cycles, wars, natural disasters, and the Coronavirus epidemic, keeping our members’ funds safe, offering members assistance when they need it most, and supporting our communities.

With a strong capital buffer, First Harvest continues to be above the federal regulatory level required to be considered “Well Capitalized.”

Finally, I’d like to remind you that your deposits at First Harvest are federally insured up to $250,000 per member, plus an additional $250,000 of insurance that your credit union purchases for your protection. Your principal is guaranteed, and your earnings are growing.

I appreciate the trust you have placed in First Harvest Credit Union and pledge that our entire team will remain faithful stewards of your hard-earned savings. First Harvest is, and will continue to be A Better Place to Grow.

Sincerely,

Ernie's Signature

 

Ernest D. Huggard

President & CEO

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