October 22nd, 2008
An Open Letter to the Members,
from your Credit Union Chair and Chief Executive officer

Dear Members,
Like most Canadians, credit union members are concerned about the current turmoil in the financial markets. Let us reassure you that your credit union remains sound and reliable, and that your deposits are safe.

Every day, new headlines broadcast the latest financial furor. While financial markets may be volatile at this time, Canada’s credit union system and All Trans Financial Services Credit Union remains strong and calm, protected by well designed lending policies and sound regulatory structures.

In Ontario alone, the credit union system saw assets grow to almost $19 billion and deposit levels rise to over $16 billion by the end of 2007. As well, the majority of our deposits come from local credit union members – not global capital markets – so our deposit base remains stable relative to other financial institutions in Canada, the U.S. and elsewhere.

All Trans has never invested in sub-prime mortgages, avoiding a major lending risk that is considered a chief cause of the current turmoil in the U.S. All Trans is committed to upholding and strengthening key policies that protect you, the member, as the market swings and sways. We are also continuing to make prudent loans to our members where we live, work and serve, helping keep our loan delinquency rates exceptionally low while supporting strong communities. In addition, we’re maintaining high levels of capital reserves and liquidity, well in excess of established minimums, ensuring funds are available to meet our obligations to you, our depositors.

The Deposit Insurance Corporation of Ontario (DICO) provides deposit protection for all eligible deposits held at Ontario credit unions. Deposits are guaranteed up to $100,000 by the Deposit Insurance Corporation of Ontario (DICO), a provincial government agency. For more information, please visit the Deposit Insurance Corporation of Ontario website at www.dico.com.
We will continue to keep you informed over the months to come, and of course, we’re always ready to answer your questions by phone or in the pavilions. If you have questions or concerns about your personal financial situation, I encourage you to visit or call us at (416)231-8400 or via email at malexand@alltrans.com.

Best regards,

Mike Alexander Chief Executive Officer

Sam Lightowler Director and Board chair

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