'NOTICE
For "P0‘ ER OFF" after Office Hours
Sundays and Holidays Call .either
Vernon Fridley
ol*
Ralph Hoore
OFFICE CLOSES at NOON on SATURDAYS
Matanuska Electric ass’n,Inc
Palmer Akas&a
WE SELL ONLY FINE
QUALITY
\ MEATS
A
STAPLE
GROCERIES
X HOURS
SAM fa. 6PM
I-*—♦—*-— 1—t- 1 1
SO A/ FOR MC COOLS
l.r. and L'rs. Bart t'cCool hrc happy
to announce the birth of a son,this
week,Wednesday. The new son ar
rived at the Valley Hospital.
That is the reason you could not
find the Barber in last ’-.'ednesday.
CREDIT UNION ' MAKES
PLANS FOR ANNUAL MEET
The board of Li rectors of the Mata
nuska Valley Federal Credit Union
met on "ednesday evening of this
week to review the reports of the
Treasurer and make plans for the
.annual meeting to be held on Satur
day evening of this xveek. George
Black and U,R.brock of the Super
visory Committee were present and '
audited the books of the Treasurer,
and then submitted their report to
the Board of Directors.
Buring this first few months of
operation, the Credit Union ended
the year with a small net profit
according to the Treasurer’s report,
20$ of this amount was transferred
to the Reserve for Bad Loans as per
instructions of the Federal Credit
Union Law. The remainder goes into
the Undivided Profit fund. A recom
mendation as to the disporition of
this fund t~s made by the Board,and
this recommendation will be present
ed to the members at the Saturday
evening meeting.
All members of the Matanuska Valley
Federal Credit Union are urged to
attend the Annual meeting which is
being held this coming Saturday
evening, January 14, at 8 p.m. in
the fomer Libiary room. This is
the first annual meeting and we want
to make it a good meeting. There
will be short reports on the year's
operations by the Board of Lirectors,
the Credit Committee and the Super
visory Committee. Members v.’ill be
given an opportunity to express
their views on policies of the
Association, ^nd-The Election of
Officers for the coming year will
take place.
Members of the Board feel that a
good start has been made, but more
members and more capital are needed
if we are to fulfill the purpose
for which the Credit Union was or
ganized. ^11 members of the Mata
nuska Valley Farmers* Cooperating
Association are eligible for member
ship. '■‘■’his spring farmers may need
money for baby chicks, seed and
fertilizer, and other necessary
items for the summer*s operations.
The Credit Union was organized by
the Co-op to meet this need.
Your Credit Union serves you in two
ways* It is a means of helping you
save money when you have a little
extra cash, -hen you need cash, it
provides a borrowing source, ’hy
borrow when you have money deposited
in the Credit Union—why not take
out what you have in it? ’//hen shares
are.withdrawn from the Credit Union,
you lose Cont, on page 6