To: Members/Share Holders of Media Group Financial Credit Union Limited

From: The Board of Directors and Management

We would like to inform you of what we think is a positive change to a specific area of how the credit union operates. As you know we pay out our profit we make to you, our members, in the form of an interest rate on your saving account or a loan interest rebate on a specific type of loan.

This year because of the economic recession, record low interest rates, layoffs and a record number of bankruptcies received we could not pay any savings interest or loan interest rebate to our members. This has prompted us to rethink how we pay out our profits and if we can do it in a more amicable way, where every one gets an equal share.

Here is what we have come up with.

We will no longer pay any dividend interest to your savings accounts. As of April 1, 2010 these accounts will earn a set interest rate based on our prime rate and it will be calculated on the minimum daily balance and paid into the account monthly. The rate will fluctuate with prime rate and will be posted in our branch and on our web site so you know exactly how much your savings is making. By paying interest based on our prime rate it puts us more in line with other financial institutions and how there savings accounts earn interest, therefore making the credit union more competitive.

As for the loan interest rebate we no longer offer that type of loan and there are very few of them left still outstanding so it will be decided at this year end (2010)whether to pay a rebate for the last time on these loans and that rebate as always will be based on our profits.

So how will we pay our dividends to our members you ask? Like all members of the credit union you must own 11 shares of the credit union at a cost of $5.00 per share. You are now going to be able to purchase up to a maximum of 200 shares at as cost of $5.00 per share. The current rights you receive from the 11 shares do not change and that minimum number of shares does not change but now you can purchase more and these shares are what will determine how much of a dividend you are paid. The more shares you have the more dividend you will get. You can purchase the shares at any time and the 189 shares over and above the minimum can be withdrawn at any time. The dividend will be based on the minimum monthly balance paid yearly in the form of an interest rate.

We encourage you to purchase the extra shares as they will become a smart investment in the future when interest rates rebound and will generally out-perform the savings account interest in the years that the credit union has a profit.

By purchasing more membership shares you will not only get a better rate of return on your investment but as always, your ownership of the credit union allows you to have a voice in how we do business.

Try that at a bank!