HomeMy WebLinkAboutClinton News-Record, 1975-07-24, Page 50gar
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,7,..CP.1411.0N WPM ,1014P1WIA, NEVA. 1975,
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Place•••
Formed in Clinton
in 1952
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Front Row, left tiright: Joyce Jenkins, Moranne Duddy, Joan Taylor, Colleen ChaMbers, Frances
Rehorst. Sally Rathwell. Ba 'citiow. left to right: Cliff Parker. Don Jefferson, Fred Gibson. Andy
Peterson, Steve Tyndall.
Your
. . . and Marg O'Brien
nion
ACCOUNTS AND SERVICES AVAILABLE TO CREDIT UNION MEMBERS
SHARE: A member must own at least one share ($5.00). Dividends are
paid on share (savings) on the minimum monthly balance with Life In-
surance included up to S2,000.00 on deposits made prior to the member's
.7011; birthday. The rate paid as a dividend depends on the profit made
during the year and decided an at the annual Meeting held after each
fiscal year end.
INSURANCE BENEFITS — $1.00 for each 51.00 deposited before 55th.
birthday; .75 for each S1.00 deposited before 40th birthday; .50 for each
51.00 deposited before 65th birthday; .25 for each $1.00 deposited before
70th birthday. These benefits paid on Maximumwef $2.000.00 regardless of
age at death.
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DEPOSITS: This is the members chequing account and you must be a
member to use this account. Interest of .5 percent per annum Is paid an
deposits an the minimum monthly balance and credited' twice yearly on
June 30th and December 31st. No interest is paid on Deposit Accounts
with monthly balance -of less than 5300.00. A charge ol 10c per cheque is
made on this account.
„TERM DEPOSITS: Deposits over 5500.00 for specified period up to a
five year term. As rates change on this type of investment, inquire at the
office.
LOANS: Members can borrow up. -to 510,000.00 on a person4I loan
subiect to approval of the Credit Committee. The maximum charge on
the loans is 1 percent per month on the unpaid balance. S20,000.00 an a
second mortgage with approval.
CANADA STUDENT LOANS: Available.
STUDENT LOANS: Clinton Community Credit Union offers Student
Loans. Interest only at 9 percent per annum paid monthly until student
commences employment.
MORTGAGE LOANS: The amount leaned on First Mortgages is
limited to one-third of our present assets. Interest at 12 percent per an-
num on the unpaid balance is the present rate of interest charged. The
maximum the Credit Union can loan on a First Mortgage is 540,000.00 or
up 10 66 percent of the appraised value of the property. These are all life
insured at no extra cost to the member.
SAFETY DEPOSIT BOXES: Safety deposit baxes are available at $5.00
per year, if you require this protection for your deeds, securities, in-
suran_Ce_Palicies, bonds, wills, etc. Limited supply of banes available.
RIGHT DEPOSITORY: For envelopes 01 bags.
TRAVELLERS CHEQUES: Canadian or American Funds by
American Express Company.
MONEY ORDERS: Canadian.
Local Iniative Local Management. . bring current
assets to 8 million dollars, current membership to 5,000
ORIGINAL BOARD OF DIRECTORS
1952
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President - L. G. Winter.
1st VimPresident - A. Garen
Treasurer --W. V. Roy
Secretary - Muriel Trott
Director - Ken McRae
CREDIT COMMITTEE - 1952
Thomas Steep
Clarence Livermore
Mac LeBeau
41;16.0.1.1116.
VICTOR ROT:
Mr. Roy in 1952 became the
founder and manager of the
Clinton Community Credit
Union.
BOARD OF DIRECTORS - 1975
president- Hector Kingswell
Vice -President- Ernest William
Secretary - Tom Eadie
John Levis
Milford Durst
Gordon Scribbins
Antoine Garon
CREDIT COMMITTEE - 1975
Jack Reid
Gerald Holmes
Charles Nelson
Norma% Coupler
Herb Dahter
Saluting Clinton Centennial .
Clinton Community
CREDIT UNION
70 HURON STREET
LIMITED
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482-346i