Dear Houston Police Federal Credit Union Members:

We are excited to report that the Board of Directors of Houston Police Federal Credit declared a member bonus dividend/interest refund paid to eligible members of record on December 31, 2007.  Assuming your membership was open and in good standing on that date, your share account was credited with your share of more than $2.9 million dollars.

Your dividend/interest refund was based on 15% of the dividends you earned on your HPFCU deposit accounts and/or 15% of the interest you paid to the credit union on loans and credit cards during 2007.

Thanks to you, your credit union had a very successful year in 2007 and over the years has been able to build exceptional financial strength.  This allowed the credit union to return a portion of its 2007 earnings back to its owners, you the member.

The more you participated in 2007, the more you earned.

As a not-for-profit financial cooperative, the Board of Directors of Houston Police Federal Credit Union is committed first and foremost to enriching our member’s financial well being through their participation in the Credit Union.  The more you participate, the greater the reward.

Board of Directors
Houston Police Federal Credit Union