Clinton News-Record, 1976-06-24, Page 51ON YOUR CENTENNIAL YEAR
from
Doug Morgan and family
This older home houses the Bayfield Baptist Church minister and his family. (photo bye Mitvena
Erickson)
Congrat�IatiOflS and Best Wishes
to our many friends in .Bayfield
From:
You d Credit Union
VICES AVAILABLE TO CREDIT UNION. MEMBERS
ACCOUNTS AND
SHARE:. A member must own at least one share (55.00). Dividends are
paid on share (savings) on the minimum monthly balance with Life In-
surance included up to 52.000.00 on deposits made prior to the member's
Toth -birthday. The rate paid as a dividend depends on the profit made
during the year and decided on at the annual meeting held after each
fiscal year end.
INSURANCE BENEFITS -- 51.00 for each 51.00 deposited before 55th
birthday; .75 for each 51.00 deposited before 60th birthday; .50 for each
S70th These benefits paid birthday;
51.00
on maximum m of
Oth birt day52,000.00 rregardteess of
age at death.
DEPOSITS: This is the member's chequing account and you must be a
member to use this account. Interest of 5 percent per annum is paid on
deposits on the Minimum monthly balance and credited twice yearly on
June 30th anbalance ofr31st. No less than 5300.00. is A chs ge of aid on 1Oc�per cheque is
sit Accounts
with monthly
made on this account.
TERM DEPOSITS: Deposits over S500.00 for pecificpperiod
inquire at ota
five year term. As rates change on this type
of investment, e
office.
LOANS: Members can borrow up to 510,000.00 on a personal loan
subject to approval of the Credit Committee. The maximum charge on
the loans is 1.04 percent per month on the unpaid balance. 520,000.00 on 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 loaned on First Mortgages is
limited to one-third of our present assets. Interest at 13 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 to 66 percent of the appraised value of the property. Thbsa are all life
insured at no extra cost to the member.
SAFETY , DEPOSIT BOXES: Safety deposit boxes are available at
55.00 per year, if You require-ihis protection for your deeds, securities,
insurance policies, bonds, wills. etc. Limited supply of boxes available.
NIGHT DEPOSITORY: For envelopes or bags.
TRAVELLERS' CHEQUES: Canadian or American Funds by
American Express Company.
MONEY ORDERS: Canadian.
Local initiative ...Local Management ...bring current
assets to 9.5 million dollars, current membership to over 5,200
SaIuting Bayfield Centennial...
Clinton Community
CREDIT UNI • N
70 HURON STREET
LIMITED
482-3467