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Serving South Huron, North Middlesex
dvocate & North Larnbton Since 1873
Times- Advocate,
Branch in Blyth requested
November 28, 1979 Page 1A
Credit Union pays 10 percent dividend
HENSALL WINS B TITLE — The B championship at the second annual Henson minor athletic association intermediate
hockey tournament was taken by the home town Hensall Sherwoods. Receiving the B trophy from Bill Taylor were captains
Garry Kyle, Jim Ferguson and Brian Campbell. The team donated their $200 in winnings back to the association. Staff photo
LOTS OF CRAFTS,— The craft show and bazaar at the Crediton Community Centre had several interesting displays, Show-
ing off their goods were Crediton Explorers Lisa Hewitt, Nicole Bradley, Lorie Lynn Schenk, Tracey Ratz, Wanita Pritchard,
Anita Finkbeiner and Laura Draisey. T-A photo
NEW SORORITY MEMBERS — The Xi Gamma Nu sorority welcomed two new members to its ranks Tuesday. Receiving
roses from president Heather Rogers and vice-president Diane Jeffrey were Joy Kerslake and Linda Johns, T-A photo
4,44
HUNGRY CUBS — The Exeter Cub pack enjoyed a weekend in the great outdoors recently. Preparing their dinner at the
Morrison dam Saturday were Scott Crawford, Mike Mackid, Paul Humphrey and Robbie Russell. T-A photo
By Jim Fitzgerald
Despite a year of highly
variable interest rates,
the Clinton Community
Credit Union reported
another good year and
will pay out $1,137,498 this
fall in the form of a 10 per
cent dividend to the 7,370
members in Huron
County.
President of the board
of directors, Ernie
Williams of Seaforth, said
at the annual meeting
last Thursday night,
November 22 in Clinton
that even though the 10
per cent dividend didn't
look that goOd against the
present 18 per cent being
charged for personal
loans, and the 16 per cent
being charged for
mortgages, he reminded
the packed meeting that
interest rates were stable
until September. The
Credit Union's year end is
September 30.
Last year, the Credit
Union paid out $900,000 in
a 91/4 per cent dividend.
Mr. Williams, who was
re-elected president of
the seven-man board of
directors, said they are
looking at ways to update
the accounting
procedures in the office to,
"keep up with the
banks." He said there
were several alternatives
including an in-house
computor, an on-line
computer, or an out of
office computer.
Any one of the systems
would provide instant
updating of a member's
Water system
tenders ready
Tenders for the for-
thcoming Dashwood water
system were opened
recently, but the contracts
were not awarded.
Clerk Wilmar Wein of
Stephen township said 14
bids had been received ,but,
figures would not be released
until the contracts are let.
Council has been asked by
the Ontario Ministry of the
Enviroriment to pass a
resolution that the lowest
tenders be accepted. The
same request is being made
of Hay township.
The contract will be
awarded in two sections. One
for the distribution system in
Dashwood and the other for
the secondary trunk, line
bringing the water from
Shipka to Dashwood.
Land severance ap-
plications from Loretta
Hunter-Duvar at part of Lot
20, Concession 1 and John
Keller at part of Lot 23,
Concession 16 Were given
. approval.
Third and final reading
were given to the Chambers
and Corbett-O'Rourke
municipal drains as no
appeals were received.
Dave Reed of Frank
Cowan Insurance Company
of Princeton attended the
latest meeting of council to
review and renew township
insurance policies.
Three tile drain loan ap-
plications totalling $27,500
were authorized.
Clerk-treasurer Wilmar
Wein was authorized to
attend an Ontario Municipal
Board hearing in Bayfield on
December 10 to hear an
appeal from that
municipality on their
equalization factor on the
Huron County Board of
Education requisition.
A bylaw was passed
authorizing the Huron
County treasurer to raise the
interest rate on taxiarrears.
being collected by the county
to one and one-quarter
percent per month.
Reeve Ken Campbell,
deputy-reeve Doug Russell,
councillor Ralph Weber and
clerk Wilmar Wein will be
attending the Rural Ontario
Municipalities convention in
Toronto in February,
account with a terminal
at each teller's wicket.
"We have made
several trips to a number
of other Credit Unions to
check out their systems,"
Mr, Williams said.
"We've grown beyond
our wildest imagination
of just a few years ago,"
he said, adding that they
hoped to take over the
basement of the present
structure from the
ministry of tran-
sportation and com-
munication and have
them move to a nearby
house owned by the
Credit Union.
Mr. Williams had some
warnings to relay to the
members from the board
of directors, including the
fact that a few members
are letting their accounts
become overdrawn.
"According to the Credit
Union Act, we have no
course but to send these
cheques back. We know
the members mean well,
but we can't continue to
break the law."
A heavy repesentation
of Blyth area members at
the meeting failed to get,
any firm committment
from the board of
directors on opening a
branch in Blyth, much
like the Credit Union has
done in Exeter. Blyth
businessmen say they are
getting poor service from
the only hank in Blyth.
Mr. Williams said the
Clinton board had many
things to consider before
opening a Blyth branch,
including the economic
factors, and the possible
competition against the
Wingham-Belgrave
branch.
The Blyth delegation
did succeed, however, in
getting one of their
members, Bob Henry,
elected to the board of
directors, ousting Jack
4.1
Reid of Clinton, who had
been a 14-year member of
the credit committee.
Secretary Tom Eadie
was re-elected to the
other open seat, while
Gerald Holmes and
Norman Counter were
acclaimed to their seats
'on the loan committee.
The annual report
showed the Credit Union
had grown by $3.5 million
in assets this year to
$22,727,325, including $2
million at the Exeter
branch, while loans had
climbed to $20 million,
nearly $5 million more
than last year.
Total revenue wa's up
$600,000 to $2,419,562,
while $10.8 million was
given out in new loans.
CANDYSTRIPER HONOURED — Janet Shapton of R.R. 1 Exeter was honoured recently
for her 400 hours of service to South Huron Hospital while involved in the Candystriper co-
ordinator Mary Fisher. Staff photo
Hensall plans study for
senior citizen rentals
The Village of Hensall has
decided to carry out a study
to assist in determining the
need for assisted rental
housing for senior citizens
and families.
Based on a review of the
area housing situation, the
local study will include an
assessment of economic
trends, growth factors, and
current and future housing
needs.
Additional information
will be ,gathered through
Assisted housing survey to
determine need for assisted
rental housing for senior
citizens and families by
questionnaire
advertising, direct mail
questionnaires and in-
terviews,
A self-explanatory
questionnaire will be
distributed to senior citizens
and families asking them if
they are interested in
assisted accommodation.
Residents who do not receive
a questionnaire by mail, or
would like additional in-
formation, may obtain the
forms and further in-
formation from, Mrs. E.
oke; nerk, 'vitrage of .
Hensall, 108 King ' Street,
Hensall, Ontario.
After it receives the
results of the survey in-
dicating a need for a specific
number of units, the village
may:
- Develop an assisted
rental housing project on its
own through a municipal
non-profit housing agency;
- Ask the Ministry of
Housing to seek private
sector involvement to secure
units under the Rent Sup-
plement Program or Private
Assisted Rental Program;
- Encourage the creation of
a local non-profit group-
community, labour or ser-
vice club organization, for
example--to develop a non-
profit housing project.
tte
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PWNED..,...AND-PPERATED.,..:By..0114NEY...PLINNITUR.
PIONEER WEAVING — Some students at Exeter Public School watched a weaving demonstration by 'teacher Bill Van
Wieren during recent Pioneer days at the school. From the left are Lisa Benoit, Tim Robinson, Janet Pfaff, Montaha Osman,
Debbie Penningo, George Pratt, Mr. Van Wieten, Steve Batten and John Osgood. T.A photo