COLLEGEClassic CollegeSure® Certificate of Deposit
Olde Economie Financial Consultants, Ltd. is an authorized agent of College Savings Bank. College Savings Bank, which began operations in September 1987, originates and markets the CollegeSure® CD, an innovative, unique saving-for-college investment backed by the full faith and credit of the U.S. Government up to $100,000 per depositor. College Savings Bank is a wholly owned subsidiary of Pacific LifeCorp, Newport Beach, California. The Bank is strongly capitalized and operates under a conservative investment policy. On December 31, 2003, the Bank had regulatory capital ratio of Tier 1 (or core) capital to total assets of 6.2%. The Bank invests primarily in high-grade, adjustable-rate mortgage-backed securities, the majority of which are guaranteed by the U.S. government or its agencies. The Bank limits its investments in this manner in order to avoid the types of credit risks that have often financially impaired other banks. The Bank designs its investment portfolio and updates that portfolio periodically to match the interest rate sensitivities of its assets and liabilities. It pursues this matching to avoid the extreme interest rate exposure that has adversely affected many other banks. A measure of the exceptionally high quality of the Bank's investment portfolio is found in the Bank's Tier 1 capital-to-risk-weighted-asset ratio under the FDIC's risk-based capital guidelines. On December 31, 2003 this ratio was 36.9%, as compared to the statutory minimum requirement of 4.0%. College Savings Bank is a member of the Federal Deposit Insurance Corporation, which means that the Bank's deposits are insured by the Bank Insurance Fund of the FDIC for up to $100,000 per depositor. The Bank's success to date can be measured in part by its nationwide customer base, its distribution arrangements with nationally recognized broker/dealers, financial planners, employee benefit programs of national companies such as LEGO Systems and Liz Claiborne, and tie-in promotions with major corporations such as Pepsi-Cola, Pfizer, Johnson & Johnson, Disney, Coca-Cola, American Airlines and Best Western. Further, the Bank is the program manager for tax-advantaged, section 529 programs such as the Montana Family Education Savings Program and Arizona Family College Savings Program which are available nationwide. The combination of FDIC insurance, the Bank's high Tier 1 capital-to-total-asset and risk-based capital ratios as well as the Bank's conservative investment policy ensures the safety of your deposits. We believe no other financial institution offers its customers better financial protection. For more information, send e-mail to Olde Economie Financial Consultants, Ltd. or call us toll-free at 800-727-6332.
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