HIM INDIANA CO-OPS US7! CREDIT UNIONS
(from News for Cooperatives)
Farm supply co-ops ar continuous
ly faced by credit extension prob
1 s. Either they are endeavoring
to restrict credit sales and collect
o'd accounts, or if they are on a
c?sh basls--they are trying to re
main so. At the same time, their
m bers often need financial aid ini
p-rch^sing production and home sup
p j i 3 s ^
1ecognizing that if farmers are
aile to obtain credit at reasonable
r> ues from institutions specifical^
ori anized for the purpose, they
N e little reason for asking credit
m their cooperatives, Indiana
cc operatives began sponsoring the
Oi anization of rural credit unions
r ortly after 1930. They were form
e' to provide a desirable source of
c; dit and to encourage thrift and
savings among members. They differ
f' om production credit associations
ir. several respects, one of which
Is that they afford a depository
f r members' surplus funds.
Today Indiana has more than 40 oi
these institutions. Their expert ice
should be interest to many t''*rn ? ipiy
cooperatives in making post-war Ians
for relieving their own credit ex
tension problems.
The possibilities of rural crc it
untions are indicated by the grc th
and accomplishments of four of t;,e
largest. Those in Wabash and Noule
counties were organized in 1931, and
those in Elkhart and Hpwar counties
in 1932. Each limited its member; lip
to members of county cooperative
associations or to members of cc ety
farm bureaus, except the one in
Noble County which admitted any .esi
dnnt.
They have grown rapidly. Their
combined assets, which totaled
517 at the end of 1932, had grew n
to $127,083 ut the close or 1937,
and to $484,862 by the end of It ;2.
Their membership has increased from
1,626 to 2,718 during the past 5
years. Thus they serve about 30 per
cent of the total farmers in th* r,e
counties and about 40 percent of the
membership of their sponsoring count,
(cont'd on page 8) _
D£MiVfjVi£NT
TOK.?
rJI'N£l£)H£OK,rj' WILL
SCOM BE GMDEN TIME.
AND REMEMBER:
KOSLOSKYS can furnish light
gardeners clothes, look neat and
be comfortahle thi3 spring.
OVERALLS,for women, herringbone
and blue, colors brown 3c blue.
Nice material, see these.
Cotton Blouses, White Dotted Swiss
in several colors and sizes.
Anklets and rain proff scarfs.
- -}HH} -
We have a new carload of fancy 3c
staple groceries, many items that
we have not been able to get for
some time. HAMS for EASTER and
other tasty articles.