maspeth-connections-spring-2023

3 YOURMONEYISSAFEANDSOUND We are proud that Maspeth Federal Savings has been serving our communities for over 75 years and we are confident that we will be here for another 75 years . It is our responsibility to be the strength and stability in the financial wellness of our customers, delivering the safe and sound expertise you rely on. We are a mutual bank without stockholders, which means we can invest back into the bank and our community, instead of paying dividends to investors. Every member of our team, from the board of directors and senior leadership to those who work in each of our branches, lives and works in the communities we serve. This concept of local management and decisions, meaningful local input, empowered and engaged employees, and dedicated local resources, all align to help our members and the communities we serve to grow and prosper. We’re also committed to investing in our communities in making local responses to local needs. Each year, we provide significant financial support to our communities through charitable donations and financial literacy events. Perhaps more important, our employees are encouraged to contribute their time and expertise, spending thousands of hours serving as volunteers, board members and leaders of local organizations. The foundation on which we have built Maspeth Federal Savings is howwe view prudent risk management as our primary responsibility, both now and throughout our entire history. Our disciplined approach to risk management has put our institution in the strongest position in our history. Maspeth Federal Savings has a healthy diversified portfolio of deposits. Our hardworking depositor base with accounts at almost 40,000 shows that we do not have any significant depositor concentrations. Our capital levels are at the top of the industry. Our Tier 1 capital ratio is well above the minimum regulatory requirement and the 99th percentile * of our peers. This allows us the ability to withstand losses if the economy is in a bad spot. True success takes a strong foundation made of the right people with the right knowledge. Our seasoned management team has navigated more significant challenges than this. This depth of experience benefits us greatly. Decades of experience and knowledge on our management team have come together to lead our bank through the past financial crises and built a thriving bank that securely serves our members today. The FDIC is an independent agency of the United States government, backed by the full faith and credit of the United States government, committed to ensuring that all depositors’ money remains safe. As a customer of Maspeth Federal Savings, your deposits with us are automatically covered by FDIC deposit insurance, up to at least $250,000 per depositor. And finally, we can offer FDIC insurance on accounts greater than $250,000 through titling accounts strategically. For more information, please reach out to our highly skilled team at 718- 335-1300. A mutual that invests in our communities 1 Cautious risk management and a diverse portfolio 2 Top level capital portfolio and a team that you can trust 3 Your deposits are insured 4 *As of 12/31/22, Uniform Bank Performance Reports lists leverage ratio (Asset Size Peer Group).