Make "Mntnnuskn Maid” the Satisfaction
Brand
August 5, 1938 P airier, A Is ska
5 cents
.Vol 1. Ko. 35
FARM CREDIT UNION ^OR
THE VALLEY
Word has just been received from
Washington D. C. through Dr. H. M.
“ Colvin that a Farm Credit Union
for the Matanuska Valley is now
under discussion and consideration.
A Federal credit union is a cooper
ative association organized for
the purpose of promoting thrift
among its members and creating a.
source of credit for provident or
productive uses.
A credit union makes it possible
for its members to save money con
veniently, safely, and in small
sums. Savings may be used to pur
chase shares at the convenience of
the member, either monthly, on pay
days, or at irregular intervals.
The money thus saved is lorned to
members at reasonable rates of in
terest.
The membership of a federal credit
union is limited to group hav
ing a close common bond of associ
ation, Fence, each member is auGO
ciated with the others and appre
ciates their problems,
Loans arc made to members only
unaer satisfactory detailed plans
for repaymentc Loans hr r.oro
than $>50,00 must bo secured.
Directors and committoomen arc el
ected by and from the membership.
Officers are chosen by the direct
ors', An officer, director, or
committeeman may not endorse notes
of borrowers nor borrow more than
his holdings in the credit union.
All money received must be deposit
ed in a bank selected by the board
of directors, the deposits of which
must be insured by the Federal De
posit Insurance Corporation. The
treasurer and others handling money
must be bonded. Funds not needed
for lending nay bo invested -only
in Government securities or
those guaranteed by the United
States Government.
Loans are made; only to- members
at an interest rate not exceeding
1 percent per month on unpaid bal
ances. Interest covers all char
ges for makin^ tho loan. Snail
fines may be assessed if payments
arc not made when due.
CO-OP BOARD DECISION
At the last meeting of the Co
operative board a recommendation
was made as follows: "In Co
operative business or the hiring
of labor the cooperative board
has np] rov^d the principle that
no discrimination' be shown colon
ist or settler,,"
Previous announcement has bpen
made that after duly 1, 1938, die
23% hospital discount to Colon
ists will be discontinued, thus
placing all hospital patients on
the same basis.
At a later date it will undoubt
edly be necessary to establish a
standard flat rate for maternity
CriSGL* e
c+ C2
NOTICE
The Trading Post dosiros your
tentative order for Canning Poach
os. _ As yet wo have little infor
mation about prico and approximat
nning Peach
hipping dat
o have you P
and submit to
Trading Post.
. pproximate
Would bo pleased
ill the blank below
Korv/in Prank at the
I.Iy Order For Fcaches
Signed_