Beginning August 1, 2009, the following fees and charges are now waived!

1. $5.00 regular membership fee

So, do your family and friends a favor and let them know that they too can simply open a ShareMaster Savings Account with a minimum of $20.00 to begin enjoying a lifetime of financial benefits that only come with a Community First membership.

2. Notary fee for Community First members only

3. Incoming Wire fee for Community First members only.

Community First sponsored J.A. Company wins top honors!

L.E.G.I.T, a Junior Achievement Company sponsored by Community First Guam Federal Credit Union nearly swept the honors at this year’s Junior Achievement Awards Banquet held at the Pacific Islands Club Sky Light Room in June 2009. Awards and honors include:

-    Highest shareholder return in Junior Achievement history in Guam of 2,157% returning $43.14 per each $2.00 share;
-    Highest employee retention;
-    2009 President of the Year – Jesse Quenga;
-    2009 Vice President of the Year – Bernard Bansil
-    2009 Vice President of Marketing – Aleeza Crisostomo;
-    2009 Vice Presient of Public Relations – Jerilyn Serafica;
-    2009 Vice President of Production – Katrina Palanca;
-    2009 Vice President of the Year/Finance – Leana Bansil;
-    2009 Junior Achiever of the Year – Mark Tutay

Congratulations LEGIT! Community First applauds you on a job well done!

PRESS RELEASE

$250,000 Share Insurance Protection

Extended to 2013

May 26, 2009, Alexandria, Va. – The Helping Families Save Their Homes Act of 2009, signed into law May 20, 2009, includes a provision extending $250,000 share insurance coverage provided by the National Credit Union Share Insurance Fund through December 31, 2013. Previously, this level of coverage was set to expire December 31, 2009. The new law also requires NCUA to use the higher $250,000 standard maximum share insurance amount when making decisions about premiums and administering insurance deposit adjustments.

NCUA will shortly update its guidance about share insurance coverage to address the provisions of the new law.

The National Credit Union Administration is the independent federal agency that regulates charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, also operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of nearly 90 million account holders in all federal credit unions and the majority of state-chartered credit unions.

- NCUA -