Investment Risk Disclosure

INVESTMENT RISK DISCLOSURE


Under applicable law, the Credit Union and the Credit Union's subsidiary are able to enter into agreements with companies that sell nondeposit financial products such as insurance, annuities, mutual funds, and stocks and bonds to permit these companies to make available nondeposit financial products to Credit Union members as an additional service to members.  The Credit Union is NOT liable for any losses sustained by members investing in nondeposit investment products.

You are advised that the Credit Union's subsidiary, Desert Schools Financial Services, LLC, has entered into an agreement with LPL Financial, and Financial Advocates & Affiliates (FA), companies that sell nondeposit financial products.  The nondeposit financial products are being made available to the members by LPL Financial and Financial Advocates & Affiliates.

The purchase of these nondeposit financial products involves investment risk that you should fully understand. Unlike deposits with the Credit Union that are federally insured, the nondeposit financial products are NOT FEDERALLY INSURED.  Neither the Credit Union nor Desert Schools Financial Services sell the nondeposit financial products and therefore the nondeposit financial products are NOT OBLIGATIONS OF THE CREDIT UNION OR ITS SUBSIDIARY.  The nondeposit financial products are NOT GUARANTEED BY THE CREDIT UNION, THE CREDIT UNION'S SUBSIDIARY, LPL FINANCIAL, OR FINANCIAL ADVOCATES & AFFILIATES.  To a greater or lesser extent, all of these nondeposit financial products INVOLVE INVESTMENT RISKS, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL.  PAST RESULTS DO NOT ASSURE FUTURE PERFORMANCE.

You should carefully evaluate the investment risk prior to the purchase of nondeposit financial products to ensure that the risk is acceptable to you.  To evaluate the risk, you may take such actions as consulting with LPL Financial or Financial Advocates & Affiliates, consulting with independent advisors, conducting your own independent research and taking any other actions necessary to satisfy yourself that you have all the facts necessary to make an intelligent decision regarding the risk of the investment.  The Credit Union, the Credit Union's subsidiary and its respective employees are not qualified to, and are prevented by law from, advising you regarding nondeposit financial products.

THE CREDIT UNION IS NOT RESPONSIBLE FOR ANY LOSSES YOU MAY SUFFER BY INVESTING IN THE FINANCIAL PRODUCT EVEN IF YOU LEARN OF THE FINANCIAL PRODUCT THROUGH A CREDIT UNION MAILING OR ADVERTISEMENT, YOU PURCHASE THE FINANCIAL PRODUCT AT A CREDIT UNION OFFICE OR IF A CREDIT UNION EMPLOYEE, AS A CONVENIENCE TO YOU, ACCEPTS YOUR PAYMENT FOR A NONDEPOSIT FINANCIAL PRODUCT.