NEWSLETTER:
Volume 16, No. 4, October, 2000

REBATES
Your Credit Union is pleased to continue the quarterly rebate for all real estate loans and older unsecured loans. This reduced the effective secured loan rates to 6.5%, and the effective unsecured loan rates to 12% for the third quarter of 2000.

DIVIDENDS
For the third quarter, the Board of Directors declared the dividend rate of 2.25% on balances of less than $5,000, and 2.75% on balances of $5,000 and greater. The annual percentage yield on these rates is 2.27% and 2.78% respectively.

UPDATE ON NEW SERVICES

Auto Purchases through Priceline.com
Rohm and Haas Employees FCU and Priceline.com have teamed up to bring you the best new car deal ever! As of this October, you’ll be able to get the financing you need…for the car you want…at the best price of all—Yours! You get the same great Credit Union financing for your new car or truck with the ability to Name Your Own Pricesm.

Forget haggling over price and being pressured for financing at the dealership. Get the best loan rates and save money with Rohm and Haas Employees FCU and Priceline.com in three easy steps:

1. Loan Application - Call the office for an appointment, or log onto our web site at rhcu.com to print out an application, fill it out, and send it to us. After your approval, you’re ready to Name Your Own Pricesm for your new car.

2. Name Your Own Prices - On our web site, click on the special Priceline.com link for instant access to Priceline’s new car buying system. Build the car, truck or sport utility vehicle of your choice, set your delivery date, and name your own price.

3. Pick Up Your New Car - Once Priceline.com has matched your offer with a dealer, you can take delivery of your new car with your Rohm and Haas Employees FCU loan. Happy driving!

Submission of an offer using Priceline.com’s auto service under this program constitutes permission for Priceline.com to provide the credit union with your name, the year, make, and model of your new vehicle offer, and the outcome of that offer. We’re proud to be one of the first credit unions to offer the car buying advantages of Priceline.com, so when you finance your new car through us, we’ll reimburse you for the $50 fee to Priceline.com for your quote.

Visa Cards
We expect to offer Visa cards this December. Our rate will be 13.2% fixed, and the maximum credit line will be $5,000.00. Best of all, you pay no annual fee. We are partnering with the Pennsylvania Credit Union League who will be processing our accounts, so we are dependent on them for the timing of when the Visa cards will be available. Watch for our future announcements on this service.

Share draft (Checking) Accounts
Share Draft accounts will be available in mid-November. You’ll pay no monthly fee, and will be provided a free box of checks every year. Members will be able to order their checks via our website. Statements will be sent monthly.

ATM Cards
With your Credit Union ATM cards, you can access any of your accounts. We expect to have an ATM machine in our Home Office lobby by mid-November. There will be no fees to use this machine with your Credit Union ATM card, and only $1 for those using a non-Credit Union card. Furthermore, your Credit Union will not charge a fee if you use your ATM card in any other bank’s ATM machine (the bank that owns the ATM machine may, however, charge you a fee). After April 2001, our ATM cards will double as point-of-sale debit cards for your share draft accounts, so that they can be used to make purchases. Both share draft and ATM processing are also provided by outside providers, so again our availability dates are estimates.

NetTeller Internet Banking
In mid-November, you will be able to access your accounts through the internet, as well as electronically pay your bills from your share draft account. Services available include: Account inquiries, statement retrievals, on-line funds transfers, on-line loan payments, on-line loan advances, current transaction listing, and product and rate information.

Watch for future announcements, as these services become available.

CD RATES

We offer certificates of deposit at the following current rates and yields for the following terms:

 6 month certificate 4.25% rate 4.34% yield $2,500 minimum
 9 month certificate 5.00% rate 5.12% yield $2,500 minimum
12 month certificate 5.25% rate 5.38% yield $2,500 minimum
30 month certificate 5.50% rate 5.65% yield $1,000 minimum
60 month certificate 5.70% rate 5.86% yield $1,000 minimum

Current certificate of deposit rates offered are subject to change in response to market conditions.

24 HOURS/7 DAYS PER WEEK SERVICE
Don’t forget that the Credit Union has a 24 hour a day Voice Response Unit. Users of the system need to call the office to establish a PIN number. Members can obtain balances, request withdrawals, and make transfers among different accounts or to make a loan payment. To reach the system, call (215) 592-3084.

YOUR MONEY IS SAFE
All Credit Union deposits are insured up to $100,000 per member by NCUA, a federal government agency. The NCUA fund is in sound health, without a losing year in its 29 year history, and has an equity level of 1.30% of insured savings.