LOANS REVIEW COMMITTEE REPORT
YEAR ENDING DECEMBER 31, 2008


The Loans Review Committee is a standing subcommittee of the Board of Directors
empowered to perform all the Board functions with respect to loans and granting except
those, which must be carried out by the entire Board.
The Loans Review Committee met 12 time in fiscal 2008 to review monthly loand and
delinquency reports. The committee considers and if thought prudent:
Approves owner requests fro an extension of time in making payments on loans approved by the
Loan Committee and the Loans Review Committee.
Makes a recommendation to the full Board on all loan applications from restricted parties.
(Directors and officers of the credit union.)
The Loans and Review Committee is the highest level available to an owner who wishes to appeal
a credit granting decision.

Loan Application Received during 2008 = 73 = $720,739.59