Our members first. Always. APRIL 2012

Rocky Mountain Law Enforcement Federal Credit Union

We are delighted toreport that 2011 set anew high standard forthe credit union’sperformance. After more than 73 years, we continue to getstronger.

Inside you’ll find the RMLEFCU Annual Reportwith the details.

Be a part ofour AnnualMeeting May 3rdPart of the privilege of credit unionmembership is takingpart in the financialdiscussion at ourAnnual Meeting onMay 3rd at 11:00 a.m.at our main office.RSVP by April 27 to Jody Hill (720-855-4148 orjhill@rmlefcu.org).

If you’re looking at getting 2012 in gear with a new set of wheels, your timing could not be better. Your RMLEFCU membership brings youbusiness alliances and new lower rates to make it easier.

� Take advantage of new car loan rates as low as 2.75% APR*.

� Link up with trustworthy dealers such as Automotive Avenues, AutoTrek, Car Buying Simplified and Enterprise.

� Visit on-line links to dealer inventories and shop around before you drive around.

Your credit union experts can help get you pre-qualified, and get you on the road faster

and easier than ever. Call us at 303-458-6660, or visit rmlefcu.org and click on “LOANS”.

*Annual Percentage Rate. With approved credit. Some restrictions may apply.

RMLEFCUclosedMemorial DayMay 28

Make Tracksfor a car loan w

ith a rate as low as

2.75%APR*

Get a free $100 fuel cardGet your first car loan at RMLEFCUand we’ll give you the gas. Are you a first time car buyer? At least 18 years old? Employed six months or longer?Then you probably qualify for a RMLEFCU First Car Loan.

We offer 100% financing on purchases less than $10,000

(which means you need no down payment), and 95%

financing on purchases between $10,000 and $12,000.*

That makes it all the easier for you to get behind the wheel

today. Call our Loan Department or visit rmlefcu.org.

*Maximum term 60 months. With approved credit. Some restrictions may apply.

Federally Insuredby NCUA

NCUA

As we celebrate our 73rd year of existence, we reflect on our growth and success, and

on those who have significantly contributed to that success. We specifically

acknowledge our members, and volunteers for their enthusiasm and support of the

Credit Union. We also acknowledge management and staff for their commitment to

excellence. It is this excellence that fuels our vision for the future.

2011 was a banner year for the Rocky Mountain Law Enforcement Federal Credit

Union. We continued the momentum of the strides made in 2010 despite the economic

challenges that continue to strain our national and local economies. Performance

ratios significantly improved during 2011 to historic highs. We surpassed the strategic

goals set by the Board of Directors while controlling expenses, increasing earnings and

increasing member capital.

As a credit union, we are a financial cooperative – here to serve our members. We strive

to provide excellent service to our members. We continue to build new relationships

that will help us compete and grow in the competitive financial marketplace.

The strides we made in 2011 will help us as we continue to grow and expand services

to our members. Rocky Mountain Law Enforcement Federal Credit Union is well

positioned to meet future economic challenges. Our commitment to our members will

remain a primary focus as we strive to provide quality products and services through

sound business practices.

Thank you to all of our volunteers for the time they give to ensure we are successful. It is

a big commitment with a lot of responsibility. Thank you to management and staff for

their continued hard work and dedication. We continue to build our financial strength

so we can serve you, our members into the future. Thank you for your membership and

continued support of Rocky Mountain Law Enforcement Federal Credit Union.

Ron Saunier, Board Chairman

Christine Wiley, President/CEO

The Supervisory Committee consists of five members

who are appointed by the Board of Directors in

accordance with the By-laws of the credit union.

The Committee is responsible to oversee internal

audit controls and to ensure the safety and security

of member deposits.

The committee utilizes the CPA firm of Holben, Hay,

Lake, and Balzer to conduct quarterly reviews and

audits to validate the internal controls present and to

ensure the credit union complies with established

regulations and policies. The committee also ensures

an annual CPA audit is conducted that includes a

verification of member accounts.

The Federal examiners of the National Credit

Union Administration conducted a comprehensive

examination and we are pleased to report that the

Rocky Mountain Law Enforcement Federal Credit

Union again received a top rating.

We extend our commendation to the Board of

Directors, management and staff for their

continued commitment to excellence.

J.C. Tyus, Chairman

Barb Archer

Rick Bridges

Marge Mayes

Mike Pettinger

The Rocky Mountain Law Enforcement Federal Credit Union

was chartered in 1938 by officers of the Denver Police

Department. The Credit Union now serves Federal, State

and local law enforcement officers in a 16 county approved

area as well as family members.

The Credit Union processes financial transactions in a

cost-effective manner with the least amount of expense to

each individual member. Economies of scale have helped to

maintain operating costs. Services provided to members

include a wide range of savings products, loan products

and convenience services.

2011 was an outstanding year for RMLEFCU. It was a year of

growth and prosperity, and we have positioned ourselves well

to be able to withstand the effects of a struggling economy.

We surpassed the $150 million mark in assets. Capitalization,

a primary factor in our operating plan, grew 11.70% to

15.10%. Our goal is to maintain a capital to asset ratio of

over 10%. Return on average assets, a primary measurement

of profitability, increased significantly during 2011. We

exceeded our Return on Asset goal with an ROA of 1.48%.

Loans continued to be flat in 2011 with minimal growth

ending with a portfolio of $96,064,584. Member deposits

grew by over $2.5 million ending the year at $126,696,810.

Our loan to share ratio ended the year at 75.82%

I encourage you to review comparative financial

statements, which are included in the Annual Report.

You will find that 2011 was an outstanding year.

Mike Thode, Secretary/Treasurer

ASSETS 2011 2010 2009 Loans to Members 96,064,584 95,799,759 100,359,015 Loan Loss Allowance (1,208,149) (1,033,188) (871,033)Receivables 3,996 22,357 39,545 Cash 386,174 584,667 464,346 Investments 43,339,720 37,534,729 31,786,227 NCUSIF 1,152,076 1,160,451 1,161,854 Fixed Assets 7,734,505 7,969,526 8,122,906 Other Assets 2,638,401 3,243,266 4,295,289

TOTAL ASSETS 150,111,307 145,281,567 145,358,149

LIABILITIES & EQUITYLiabilities

Accounts Payable 636,005 782,278 132,574 FHLB Borrowings - - - Other Liabilities 1,320,131 1,094,598 1,003,875

Total Liabilities 1,956,136 1,876,876 1,136,449 Equity

Member Shares 126,696,810 124,145,217 126,954,827 Regular Reserves 3,352,559 3,352,559 3,352,559 Undivided Earnings 18,052,935 15,860,016 13,888,034 Unrealised Gain on Investments 52,867 46,899 26,280

Total Members Equity 148,155,171 143,404,691 144,221,700 TOTAL LIABILITIES & EQUITY 150,111,307 145,281,567 145,358,149

INCOME/EXPENSE COMPARISON 2010 2009 2008Income

Income From loans 6,447,876 6,782,475 6,901,045 Income From Investments 516,509 507,721 298,996 Fees/Charges 1,252,087 1,214,527 1,095,954 Miscellaneous Income 1,306,249 1,247,326 1,151,607

Total Income 9,522,721 9,752,049 9,447,602 Expense

Operations Expenses 4,928,833 4,841,406 4,540,805 Provision For Loan Loss 1,032,429 1,141,340 1,183,483 Other Expenses 324,154 308,543 241,487

Total Expense 6,285,416 6,291,289 5,965,775

Total Dividends 927,611 1,226,305 2,276,589 Total Non-Operating Inc/(Exp) (116,775) (262,473) (707,943)NET INCOME 2,192,919 1,971,982 497,295

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Rocky Mountain Law Enforcement Federal Credit UnionStatement of Condition ComparisonDecember 31, 2011

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DEPOSITS LOANS RESERVES

If you’re a current college student or a high school student with plans to furtheryour education at a college, technical or vocational school, AND you’re a RMLEFCUmember with an active account in your own name, then you’re eligible to apply forthe William Threlkeld Scholarship.

For the sixth year, we will reward several deserving members/ students, basedon academic performance (a 3.0 GPA or higher), community involvement and thepotential to succeed at the college level. Community involvement may include:

� Explorers � Student Government � Athletics� Cadets � Performing/Fine Arts � Coaching� Junior Police Programs � Clubs Activities� Mentoring Programs � Various Types of Volunteer Work

Along with your application you must include two written references, a one-page essay describing your education and career goals (submitted as a computerdocument), and a current official transcript. There will be no followup interviews, sorecipients will be determined based entirely on the application materials theysubmit; please be as detailed and complete as possible! Scholarship checks will bereleased once verification of college/school enrollment is submitted.

A scholarship award from $500 to $1,500 can help make the road to highereducation a little easier. All it takes is for you to apply today!

Apply now for the

6th AnnualWilliamThrelkeldScholarship!Deadline is July 31

Don’t missyour chance!

� Complete theThrelkeld ScholarshipApplicationThe application is available atrmlefcu.org.

� Mail in the completedinformation, includingessay and officialtranscriptto: Rocky Mountain LawEnforcement Federal CreditUnion, attn: Joan Mickels, 700 W. 39th Avenue, Denver, CO80216

Deadline is July 31, 2012

Employees/volunteers of RMLEFCU andtheir family members are not eligible for theWilliam Threlkeld Scholarship Program.

Kids can win a Kindle Fire,iPod Touch and more in April!

From April 16-30, we recognize National Credit Union Youth Week by rewardingkids and teens who open their own account or use their current account. Taking careof your own money through RMLEFCU is a better idea than ever!

Age 5 through 12: Open a newaccount with $100 or deposit $100 intoyour existing account from April 16-30,and you will be entered into a drawingto win either two movie tickets, aniTune gift card, McDonalds gift card oran iPod Touch.

(LIMIT ONE ENTRY PER MEMBER)

Age 13 through 18: Open a new*checking account with $100 or deposit$100 into your existing account fromApril 16-30, and you will be entered intoa drawing to win either two movietickets, an iTune gift card, McDonaldsgift card or a Kindle Fire.

(LIMIT ONE ENTRY PER MEMBER)*Youths under 18 years of age will require a parentalsignature

TylerProfessional of the Quarter

Tyler, now in his third

year at RMLEFCU, finds

enough time in his busy

school schedule to excel

as our Professional of

the Quarter this spring.

A graduate from

Longmont High School,

Tyler played football and

lettered his senior year.

He’s a part time

employee with the

credit union, and a full

time student at Metro

State, where he is

majoring in Finance.

Despite his whirlwind

schedule, Tyler always

finds time to support

members and fellow

team players with his

time, professionalism

and ready smile. He

continually demon -

strates leadership,

teamwork and a get-it-

done attitude every day.

Tyler has two older

brothers and a younger

sister. Along with his

duties at college and at

RMLEFCU, he still finds

time for basketball and

football.

We’re glad to have

you on our team, Tyler!

Congratulations on

being our Professional

of the Quarter!

(303) 458-6660 / (800) 371-7716FAX (303) 561-0534

Denver Office700 W. 39th AvenueDenver, Colorado 80216

Lobby Hours Mon., Tue., Thur., Fri., 8 am-5 pmWed., 9 am-5 pm

Aurora Office992 Potomac CircleAurora, Colorado 80011FAX (720) 855-4170

Lobby Hours Mon., Tue., Thur., Fri., 8 am-5 pmWed., 9 am-5 pm

Lone Tree Office10025 Park Meadows DriveLone Tree, Colorado 80124FAX (720) 855-4186

Lobby Hours Mon, Tue., Thur., Fri., 8 am-5 pmWed., 9 am-5 pm

Drive Up Hours (Denver/Aurora offices)Mon., Tue., Thur., Fri., 8 am-5 pmWed., 9 am-5 pmSat., 9 am-1 pm

After Hours Lost/Stolen VISA(800) 453-4270

Mobile Phone Bankingrmlefcu.mobirmlefcu iPhone appThe Informant24/7 banking by phone(303) 455-6331(800) 269-9451

Find a Shared Branch, ATM or Service Center near you:www.creditunion.net

www.rmlefcu.org

SU RpRiSe!Look who’s on your account!Think about the changes in your life in recent years. And think

about all your accounts with RMLEFCU and other institutions. Did

you know you may have unexpected beneficiaries from long ago that

could receive your account balance if something happened to you?

Ownership of an account is assigned to (1) joint owners;

(2) beneficiaries; and (3) court appointed representatives.

We cannot accept wills as your final directions.

If there is any doubt, check with us to make

sure the right people will benefit!

iPadding his account.It’s always a good day when you open a Kasasa account

— we call it free checking that pays. For Brian, it was a

REALLY good day when he opened his Kasasa account,

AND won an iPad 2 in the process. If you missed out on

this promotion, stay tuned; we love surprising our

members with exclusive bonus prizes!

“Back to School” is too cool!Congratulations to Lynne, the winner of a $100 Target

gift card in our 2011 “Back to School” Online Bill Pay

promotion. Having dealt with many banks and one

other credit union, Lynne insists that “RMLEFCU is

absolutely the best.” She plans on remaining a loyal

supporter, and further states, “Great job and kudos to

RMLEFCU!” We appreciate you, too, Lynne!