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L
tsi 'SETTLER
"V .
VOL. 12
Palnor, Alaska
January 21, 1949
No. 3
mPTPniiSRP VQl IF° FRRfTlFRS' C00PERRTII1G fMIlPliUI! fltUJS
CO-OP nOTES
MANAGER Of AN 1CA" CO-OP
VISITS MVFCA
L.C. Peters, Mahagor of tho Alaska'Nativo
Industries Cooperative Association, visit©
od the MVFCA on Thursday of this nook and
exchanged ideas uith Jin Uilson, MVPCA
Manager.
Mr, Petors is nanager of 4-5 native Trading
Posts in Alaska. Ho has his headquarters
in Scattlo rhere ho handles the products
fron these Posts such as furs, carved
ivory and noccasins. He also is their buy-j
er for staple products for their stores, j
HOW MUCH DID WE PRODUCE ?
The production sheet shors the folioring
figures for tho year ending Noveribor 30,
1948. ' * '
Milk--2,732j637 lbs. Colory 10,059#
Eggs-7 50^616 doz. Lettuce 50;766#
Cabbage__— 79,396 lbs Carrots 10,488# j
'No bcttlcs-No nilk’has boconc a necessary
slogan of the Croorery _
BASKET BALL SATURDAY ■
Tho.BT 5t L.Hen’s . uv’ Girls’ toans will bo
in Palrr.br this Saturday.night to noot tho ■
She; rocks $nd tho Qockets (Girls’ tear)
ir. a double header at the Connunity Hall
at 7:30 ">*n» January 22. This prorrises
to be a good evening of entertainment for
all basket .ball fans. Don’t miss it.
Tho Rockets (Girls* tcan) plan to go to
Cordova on Friday the 28th for a gano ritb
tho Cordova Girls. Extra seats on the
piano rill be on sale this next noek if
you are interested in accompanying tho
toan. Soo ono of tho Rockets for tickets
early this next rrook.
OUR VflLLEy .CREDIT UHIOn
By—F.L. Eerzio, CPA (Hash.)
The noro or loss Alaskan ueather and tho
closing of books and tho auditing opera
tions have nade it inadvisable to have l.'or
nally launched the credit union operations
before this. As the public has beer, toad,
the credit union has received the Federal
Charter and its doings are to cover the
uhole Mat anuska Volley, TTo no an that it is
not organized just for tho Co-op noribers
and their enployoos, but for the benefit of
tho uholc connunity in this Valley.
To repeat again, a Bbderal Credit Union is
not a bank* It is a cooperative associa
tion organized to promote thrift anon its
nenbers and to croato a sourco of credit
for usoful purposos. It is chartered and
supervised by tho Federal Government through
a branch of the Farm. Credit Mninistration
uhjch ofccupios itself exclusively uith tho
setting up and supervising of credit unions
all over the U.S. and its territories* It
is self-help among peoplo uho find it hard
est to obtain reasonable credit anynhero
else, but do run into circumstances rhoro
crodit must be had on a humanly accoptabld
basis. Banks do not dish out such credit,
at least not 99$ of the time, besidos such
business does not pay the banks and they
do not invite it. Hence, a credit union
is no competition to a commercial bank,
rather it is of advantage to any banker to
promote credit unions because credit-unions
must make their doposits in a comorcial
bank provided it is secured by membership
in the Federal'Deposit Insurance Corpora
tion. That is, credit unions must do the
chocking part of their businoss through
comorcijl banks. Cont. on pp. g