FACTS ABOUT FEDERAL
C RE Dll UNIONS Cont.from pp. 8
nembers is encouraged; the cultiva
tion ol‘ the habit of systematic
saving is a basic purpose of credit
unions.
Out of funds accumulated from these
savings, loans may bo made to nem*
bers of the credit union. The law .
permits unsecured loans up to v300
and adequately secured loans in
larger amounts depending on the sis
of the credit union. The board of
directors of each Federal Credit
Union has authority to fix lower
limits for loans and to revise them
as the credit union grows. Repay
ments are made weekly, semimonthly,
or monthly, or according to any
other agreed-upon schedule, usually
over a period of 10 months or a
year. In certain cases, the time .na;
be extended to a period of 2 years.
Applications for loans are passed
upon by a credit committee elected
by the members. Interest on these
loans must not exceed 1 percent per
month on unpaid balances inclusivo
of .11 charges incident to making
the loans. Each credit union fixes
its own interest rate within this
limit, hhere the interest rate is
1 percent por month on balances no
other charges for the loan may be
made.
I
CLASSIFIED ADS
FOR SALE
RADIO PHONOGRAPH new, Table Model .
Sacrifice. Srite:Box 853,Palmer.
FOR SALE
BO.T & MOTOR. SMALL BOILER & BURMER
Call at Valley Gleaners_
FISH BONE LODGES IN THROAT
"Dorothy Moore had the misfortune tc
have a fish bone lodge in her throo
on Monday of this v;eek. During the
t
afternoon while she was at work at
the Telephone switchboard in P Imer
her throat started to hemorrhage.
She was flown to Anchorage by Iu
^,E. garrett and had the bine r:
moved. It had moved and was deyv r
fOURly near the juglar vein. She
returned to PUIner th_efollowing da
y
FACTS Cent, from column 1
EARNINGS
Net earnings from loan operations or
other sources may be returned -to'th3
members in the form of dividends, <M
except that 20 percent of the net
earnings arc set aside in a reserve
fund for bad loans, '.."ith well-es
tablished credit unions a dividend
rate of 3 to 4 percent per year is
quite common. Federal credit union
bylaws limit dividends to 6 percent
per year. FEDERAL SECURITY AGENCY.
r
v_.
v.
r'
r
o'
Rev. Rather Janes Snead>Pastor
Sunday Mass 10*00 am
Confessions heard, before Mass
Sodality Communion-first Sunday
of o; ch month.
Till I.TCI: Y JHURCH cf GOD
Rev. J.K.Dr.vis, rascor
Sunday School 10:00 cm
Morning Devotions 11:00 cm
CHURCH of GOD
Rev. George Geiwitz, Pastor
Mid- 'eek Prayer Service
Wednesday 8:00 pm
TUFE TIT on the CHRISTIE BR0THHR
S^.TURD^.Y Yjg
Sabbath School
Church Services
jo UULC0LHR
9:15 cm
11:00 cm
Sunday School
worship Service
Evening Services
10:00 am
11:00 am
7:30 pm
j HC0D HOUR every SUHD^Y
K c i' • -J. • D.
1:30 pm
UNITED PROTEST. NTT CHURCH
y^-or I, ..Ifson, Pastor
Chu-eh qchoc.I 10: CO
SR.-ming -.'orship 11:00
Chr.i A j on Endeavor 7 :00
'ii-f fox-vice 8:00
Prayer footing Thurs. 8:00
Yeung life Club Friday 7:30
Boy Scouts Friday 5:30
V/AS ILL A CO'IIUNITY CIFJROH
Sundc.y Services 9:00
an
an
pn
pn
pn
pn
pn
am ;
TIIL CHURCH CHURCH of CHRIST !
Ray L. adorns, Minister ■ • :
Sunday Services:
Biblo School 10:00 am i
Morning worship 11:00 am !
Evening services 8:00 pm
Bible Study & Prayer ’.‘05.8:00 pn
ST -JOHN’S LUTL~?l-,1t Ct-IURCH
Sunday School 2:00 pn
Church Services 3:00 pm
Rev. Fronz in charge of Services.
LUTHERA1 ; I OUR--SUNDAYS K.F.;.D.
TUNE IN at 12:30 noon
CHRISTIAN SCIENCE SERVICES SUNDAY
In the H.S.Bauer hone at 11:00 on
Th- public is cordially invited to
attend these services.