Clinton News-Record, 1972-11-09, Page 5et,
1ver •!It
Head table at the Alinivereary dinner-and dalice held et‘'Cli.nien Legion
Sat. Oct. 25 standing, Dr. F.S. Stewart of Kitchener, guest speaker.
Charter members attending were: Front, Antoine Garon, Joe Storey,
Elizabeth Medd, Mrs. W. Victor Roy, Leonard G. Winter, Mac LeBeau.
Rear, Stanley Balt, Rev. J.L. O'Rourke, Charles A. Shane, Arnold Dale,
Ray Finch, Alvin Sharp.
Clinton News4teePrd, ThursclaY, November 9, 1972
1952 Clinton Communi y
REDIT UNI s N 1972
LOCAL INIATIVE!
LOCAL MANAGEMENT!
LIMITED
Shown here at the 20th AnniVersary dinner left to right, Mr. L.G. Winter, charter
president of Clinton Community Credit Union; Mr. Fred GibsOri ,, Manager of
C.C.C.U. and Mr. Hector Kingewell, current president.
CURRENT
TO OVER
ASSETS
BRING 5 MILLION
DOLLARS
CURRENT
MEMBERSHIP
TO OVER 4200
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
grcHiROVIPA?!.
VICTOR ROY
1972 marked the beginning of computerized account control
at Clinton Community Credit Union. Here Mrs. Moranne
Duddy puts a card through the machine while Ruby Kumm Mr. Roy in 1952 became the watches.
founder and manager of the
Clinton Community Credit
Union. He retired in July 1961
due to ill health and died in
ORIGINAL BOARD June 1963.
OF DIRECTORS
1952
President - L.G. Winter
1st. Vice-President - A. Garon
Treasurer - W.V. Roy
Secretary - Muriel Trott
Director - Ken McRae
COMPART1VE
HIGHLIGHTS
19'71 1970 1969
Expenses
Total Income .. 371,454 319,896 260,353
.....
YOUR
CREDIT UNION
* not yet determined
the real people
place it Serves you "better"
ACCOUNTS AND SERVICES
AVAILABLE TO CREDIT
UNION MEMBERS
SHARE: A menabdr 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 account, 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 Accounts with monthly balance of less than $300,00.
A charge of 10c 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 $5,000.00 on a personal loan subject to
approval of the Credit Committee, The maximum charge on the loans is 1 percent
per month on the unpaid balance. Clinton Credit Union gives an interest rebate
on all loans or portion thereof secured by shares. For every $100.00 of a personal
loan secured by shares a member will pay only 3/.1 of 1 percent per month. Pay-
day loans are made in amounts up to $100.00 for a period of one month,
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 em-
ployment.
MOFkTGAGE LOANS: The amount loaned on First Mortgages is limited to
one-third of our present assets. Interest at 10 percent per annum on the unpaid
balance is the present rate of interest charged. The maximum the Credit Union
can loan on a First Mortgage is $15,000.00 or up to 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 boxes are available at $5.00 per year,
if you require this 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.
1972
BOARD OF DIRECTORS
'Mr. Hector KingsWell, President (1973)
Mr. Ernest Williams, Vice-President (1971)*
Mr. Robert Burke, Secretary (1971)*
Mr. Antoine Garon (1972)
Mr. Thomas Eadie (1973)
Mr. T. Gordon Scribbins ....(x971)*
Ken Tyndal
CREDIT (LOAN)
COMMITTEE
Mr. Jack Reid, Chairman
L11999777311*
Mr. Gerald Holmes
Sgt, Rick Cameron
Mr. Charles Nelson
Mr. Art Coombs
((11997732))
* Term expires—Eligible for Re-election.
QFFICE STAFF
Mr, Fred E. Gibson Manager
Mr. Andrew D. Peterson Treasurer
Mr. Donald C. Jefferson Loan Offieer
Mr, Clifford Parker Branch Manager
Mr. Steven Tyndall Assistant Treasurer
Mrs. Jean Holmes Secretary
. Mrs. Moranne Duddy Clerk-Cashier
Mrs. Ruby Kurrim Cleric-Cashier
Miss Joan Taylor Clerk-Cashier
Mrs. Colleen Chambers Clerk Cashier
CLINTON COMMUNITY
CREDIT UNION
70 HURON ST.
482...3467
FRED GIBSON
Mr. Gibson, present manager
took over the Credit Union
management when Mr. Roy
retited.
222,881. 189,782 130,552 Net Income 148,573 130,114 129,801
Dividends . , "* 113,900(61/2 %) 103,580(6%)
Share and Deposits 3,568,675 2,818,711 2,479,846
Loans to Members 3,778,359 3,374,307 2,923,389
Total Assets 4,167,954 3,543,632 3,116,718
OFFICE HOURS
MON. TO THURS 9A.M. TO 5 P.M.
FRI 9A.M. TO 8 P.M.
SAT 9A.M. TO 1 2:30 P.M.