HomeMy WebLinkAboutClinton News-Record, 1977-10-27, Page 28PAGE 8,A.---CLINTON NEWS -RECORD, THURSDAY, OCTOBER 27, 1977
1952
Here's the old quarters on
Albert Street where office
space was shared with the
Huron County Federation of
Agriculture, 24 members
comprised the original.
group in 1952.
VICTOR ROY
Mr. Roy in 1952 became the
founder and manager of the
Clinton Community Credit
Union. He retire() in•July 1961
due to ill health and died in
June 1963.
FRED GIBSON
Mr. Gibson, present manager
tool.., over the Credit Union
management when Mr. Roy
retired.
Clinton Community
EDIT'
UNI
Local Initiative --Local Management
bring current assets to over
$13,650,000.,
current membership to over 6,450.
ORIGINAL BOARD OF DIRECTORS
1952
President - L.G. Winter -v,;<,
, 1st Vice -President - A. Garon
Treasurer- W.V. Roy
Secretary - Muriel Trott
Director - Ken McRae •
CREDIT COMMITTEE - 1952
Thomas Steep
Clarence Livermore
•Mac LeBeau
BOARD OF DIRECTORS - 1977
President - Ernest Williams
Vice President - John Lavis
Secretary - Thomas Eadie
Antoine Garon
Ty,Gordon Scribbins
Milford Durst
Charles Nelson
CREDIT COMMITTEES - 1977
Gerald Holmes
Richard Lobb
Norman Counter
Herb Duizer
Jim Hunter
OFFICE STAFF:
Fred Gibson , Manager
Don Jefferson Loan Officer
Andy Peterson Treasurer
Cliff Parker Mortgage 8 Loan Officer
Steve Tyndall Assistant Treasurer
Joan Taylor Computer Operator
Colleen Chambers Clerk -Cashier
Margaret O'Brien Loan Officer
Anne Bylsma Clerk -Cashier
Joanne Glen Secretary
Pat Anderson Clerk Cashier
Angela Duttman ... Clerk -Cashier
Gertie Hellinga Computer Operator
Jean Holmes Secretary
Roberta Wadel . , ... Exeter Office Manager
Judy Vincent Exeter, ClerkkCashier
Personal Loans
Mortgage Loans
BALANCE SHEET - SEPTEMBER 30, 1977
ASSETS:
Cando Student Loans
Investments
5132,930.29 Shares
5 826,038.81
37,857.42
1 290,033.61
Stabilization Fund 102,047.99
Property 31,422.27
Other 719.657.96
13,139.988.35
LIABILITIES
Deposit Accounts
Term Deposits
R.R S P 629,760.14
R.H.O.S.P. 97,495.86
Reserve Fund 205,388.77
Undivided Earnings 42,776.03
Other 147,394.93
Profit 645,328.98
7 560,300.55
1,121,066.66
2 690,476.43.
Amount Loaned since 1952:'38 Million
Dividend to be paid for 1976-1977 year: 93/4%
Interest Rebate to borrowers on amound paid: 5%
13,139,988.35'
25th ANNIVERSARY
"MILLIONAIRE FOR A DAY"
DRAW WINNERS
Milford Dirst and Charlie Nelson were In charge of the
draw for five winners of one day's interest on '1 million.
Winners were Frank MacDonald. Clinton, William K. Por-
ter, RR 2 Goderich,, Janna Pugh, Clinton, Valerie Miller,
Clinton, and Isabel MacDonald, Clinton.
Charter members proseent for the 25th anniversary
' celebration held last Saturday. Oct. 22, included. front row
left to right, Red Garon, Elizabeth Medd, Florence Evans, Skip
Winter, Muriel Trott, and Lawrence Denomm.. Duck row, Ray
Finch. Mac Leltorsau, Alvin Sharp. Charies',Shbne, Arnold Dale
and,$tcrri Rill. Missing was Father J.L. O'Rouke.
J.
N
.LIMITED
97
•
Members of the board of directors and credit' committee' posed with guest
speaker Dr. George Goth. Front row left to right bre, Gordon Scribbins, Tom
Eadla, Milford Durst, Jahn Lavis, Dr. Goth,,Ernle Williams, Charles Nelson, Fred
Gibson. Jim Hunter, Herb puisor, Richard Lobb, and Red Garon. Missing was
Gerry Holw»os.
The Real People Place...
It's Where You Belong!
In today's Credit Union system, the basic principals of service rather than profit,
ownership by the people, democratic control and voluntary service, still hold. But the
original credit 'union concept is changing to offer a wider range of services to a
greater number of people.
Credit Unions belong to their members and do their best for them - in service, con-
sumer protection, financial education. They are concerned with service more than
profits. But the profits they make go back to the members.
ACCOUNTS & SERVICES AVAILABLE
TO CREDIT UNION MEMBERS
SNARE: A member must own at least one share ('5.00). Dividends are paid on share (savings)
on the minimum monthly balance with Life Insurance included up to '2,000.00 on deposits
made prior to the member's 70th 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: '1.00 for each '1.00 deposited before 55th birthday; .75 for each '1.00
deposited before 60th birthday; .50 for each '1.00 deposited before 65th birthday; .25 for
each '1.00 deposited before 70th birthday. These benefits paid on maximum of '2,000.00
regardless of age at death.
DEPOSITS: This is the member's chequing account and you must be a member to use this ac-
count. Interest of 5 percent per annum is paid on deposits on the minimum monthly balance
and credited twice yearly on June 30th and December 31st. No interest is paid on Deposit Ac-
counts with monthly balance of less than '300.00. A charge of 10 cents per cheque is made on
_this account. ,
TERM DEPOSITS: Deposits over '500.00 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 '12,000.00 on a personal loan subject to approval of the
Credit Committee. '30,000.00 on a second mortgage with approval; makimum nf'50,000.0Q on
first mortgage.
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 Mortgage is limited to one-third of our
present assets. Interest at 111/2% per annum on the unpaid balance is the present rate of in-
terest charged. The maximum the Credit Union can loan on a First Mortgage 1s '50,000.00 or
up to 75 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 boxes are available at '5.00 per year, if you require
this protection for your deeds, securities, insurance policies, bonds, wills, etc. Limited sup-
ply of boxes available. "
NIGHT DEPOSITORY: For envelopes or bag.
TRAVELLERS CHEQUES: Canadian or American Funds by American Express Company.
MONEY ORDERS: Canadian.
REGISTERED RETIREMENT SAVINGS PLANS and REGISTERED HOME OWNERSHIP SAVINGS PLANS
are both available.
CLINTON COMMUNITY
CREDIT UNION LTD.
•N
430 MAIN Si' SOUTH 70 HURON ST.
EXETER CLINTON
235-0640 483-3467
loth Offices' aro open Monday through Thursday 9 a.m.
- S p.irty.: open Fridays 9 a.m. » 8 p.m.
0
•
0
•