Dear Member,

Effective December 1, 2004, the Fair and Accurate Credit Transaction Act of 2003 (FACT Act), which amends the Fair Credit Reporting Act, took effect. The purpose of the FACT Act is to improve the accuracy of consumers’ records, make improvements in the use of and consumer access to credit information, and other credit purposes. As a result, Federal Regulations require we provide the following notice to you.

We may report information about your account to credit bureaus. Late payments, missed payments or other defaults on your account may be reflected in your credit report.

Please understand that we are required to send this notice to all of our loan account holders and co-signers. If you should have any questions or it we can assist you with any additional financial needs, please contact us.