Latest Style
HOOVER UNIFORMS
cotton — plain nylon
or the new
porous Nylon
LO BERG'S variety
■ N-O-T-I-C-E
For "POMS OFF" after Office Hours
Sundays and Holidays call either
Vernon Fridley
or
Ralph Moore
OFFICE CLOSES at NO01' on SATURDAYS
Matanuska Electric Ass’n, Inc.
Rainier Alaska.
UNITED AMOUNT
0 F
/ LANET jk
C r’ a a, » ' ri c
Nl G 1J L l\b
34.75
W E HAVE T h £
CYCLONE
B ROADC AST SE E DE RS
$ 4.35
POI'I-'Y DAY
MAY 2 7
Tfte local Legion Auxiliary Unit No. 15
have announce;' that Poppy Doj; will be
observed in Palmer on Liny 27. The Girl
Scouts are planning to help sell the pop
pies this year and there will also be
booths placed around town.
"Never blooms a flower sc red as the one
you'll wear ever your heart on Poppy Day
next Poppy Day. Linde by veterans and.
distributed by the American Legion Auxil
iary, the brave little memorial poppy is
your way cf .giving the type of thanks
there are no words to say."
THE CREDIT UNION- --
WHAT DOES IT DO?
The Matanuska Valley Federal Cred t Union
has been'r,operatl on for almost ten months.
It now boasts of over fifty members and
a C3plt5l of almost $3500.00. However,
members of the local Credit Union feel
that there Is plenty of room for expansion
in the addition of more members, more
savings which wl 11 create a larger work
ing capital, and more loans. The Credit
Union was organized for the purpose of
providing available funds for the farmers
of the Valley during planting season and
during harvest—or for that matter at any
time of the year when they might need
ready cash. It should eventually lift
the burden of credit off the shoulders of
your cooperative. This would give your
Cooperative more cash to carry on its
operations.
'.VHiiT IS A FEDERAL CREDIT UNION?
A Federe.l credit union Is a cooperative
association organized to promote thrift
among Its members and to accumulate a
fund from those savings to make- needed
loans to members for useful purposes at
reasonable Interest rates. It Is a cor
poration chartered and supervised by the
Federal Government through the Bureau of
Federal Credit Unions.
WHAT DOES A FEDERAL CREDIT UNION DO?
Credit unions encourage their members to
use their share accounts to accumulate
savings out of Income as a means of build
ing economic security for themselves and
families. In addition, credit unions pro
vide loans for emergency and any other
purposes which are worth while for their
members, such as consolidation of debts,
payment of medical bills, and financing
of the purchase and repairs of automobiles.
HOW DOES A FEDERAL CREDIT UNION OPERATE?
Savings by members are made in the form of
short purchases, each share being valued
at §5. Savings nay be made in amounts a«
small as 25 cents per month and may be
withdrawn at will, although the credit
union's board of directors nay require 2
months' notice for withdrawal of funds as
in a savings bank. This provision is sel
dom Invoked.
Out of funds accumulated from these sav
ings, loans may be made to members of the
credit union. The law permits unsecured
loans up to $400 and adequately secured
loans in larger amounts depending upon
the size of the credit union. The board
of directors of each credit union has
authority to fix lower limits for loans
and to revise them as the credit union
grows. Repayments are made weekly,semi
monthly, or monthly, or according to any
other greed-upon schedule, usually over a
period of 10 months or a year. In cer
tain cases, the time nay be extended tc
a period of 2 years.