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)r openi~
cars for t~:
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Thorn~I
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Jamie Musgrove became one of the latest third generation Simpson
Employees' Federal Credit Union about the same time the assets reached the
record $5,000,000 mark. When her grandfather, Lon, became a member in
March of 1954 assets were $500,000• When Jamie's father, Tony, joined in
February 1963, assets had reached $2,100,000. Lon and Tony work at
Shelton Veneer Plant• Irene Dethlefs, of the Credit Union staff helped Jamie
fill out her card for the pictures.
The credit union was chartered in December, 1941 and at the end of the first
year had 116 members and had gone $45•20 in the hole. There are now 4,100
active members with share holdings averaging $1,078. Loans totaling
$2,500,000.00 were made in 1970.
Advantages offered by Simpson Employees' Federal Credit Union to
members include low cost loans, savings programs, and financial counseling.
The organization is run by the members for their mutual benefit, with the
income shared by the members in the form of dividends on their share
holding and, when possible, loan interest rebates. Those eligible for
membership are employees of Simpson Timber Company, Simpson Building
Supply, Simlog Corp., and its subsidiaries, Howe Products, Inc., Laucks
Laboratories, Leasing for Industry, Sirco Mfg. Co., Stetson Ross Machine Co.,
who have headquarters in King County or Portland, Ore., LM Hyak and
Olympia Oyster Co., and their families.
• %
"7 ZT"Z?~?~L.'.2"''~
As of January, 1971
¼
Eich member iceounl
insured ro S20,000
NCUA
by Administrator. N|lional
Credit Union Administrmtmn
6 p.m. NO HOST RECEPTION
7 - 8 p.m. DINNER
A full course steak dinner will be
served for $3 per person for those
wishing to attend. Reservations
must be made with the credit
union office by Feb. 16th.
8 - 9 p.m. BUSINESS MEETING
This will include a review of the
1970 operation; annual reports,
election of officers, business from
the floor and awarding of door
prizes.
9 p.m. - 1 a.m.
Officials of Our Credit Union
; B
par~ACEMOoDyOARD OF DIRECTORS t
o ............. P.,iden
TOR I~AM SCHID~"=r~ " ........ Vice-President
ELL DE ,,,v,r_r~ . •,. • Secretary-Treasurer
~i~ NN ISTOIxl ..... Director
~IL'~II~IOMAN ......... i : i i i i : Director
~LD K J-()i'" X'." ............ Director
• HNS .
i~i ............. Director
| lift~ CREDIT COMMITTE
al llW
SCOLEs E
~ON R EMc~r ~.'.: ............. Cnairman
;~U~¥ HANSF-~°c r(Li ............ Secretary
- ~?, -,. .
iilCSUP ................ Member
tel ERVISORY COMMITTEE
~,~POWELk D" ..................Chairman
f.~ HUFNA L ................... Member
~McDOWELL .................. Member
........ • ........ Alternate
OFFICE
~EDSON
.................. Manager
A RltOS ........... Assistant Manager
.................... Staff
MCLEAI~I .................. Staff
................. Staff
LEG R IN I ......... McCleary Staff
SHEETZ ................... Staff
................... Staff
.................... Staff
EDUCATION COMMITTEE
NELSON
.............. Chairman
IN ..................... Member
LSEI:I~I ................... Member
.................. Member
................ ' •.. Member
LEGAL COUNSEL
L. SNYDER
......... Attorney-at-Law
We Can
YOu money for any good purpose. A loan
from your credit union never costs more
than 1% per month on the unpaid bal-
ance. Loan protection insurance, in
most cases, pays your credit union
loan balance if you die or are
totally and permanently
disabled.
@
In Shelton:
Phone 426.1633
We Can Help You
A systematically planned program of
Credit union savings will make your
family secure.., able to enjoy a
fuller life. Life savings insur-
ance, withfew exceptions,
matches your credit union
savings with life insurance
at no extra cost
In McCleary:
Phone 495-3497
We Can Give You
on financial matters.
Bring in your questions.
Thursday, February 11, 1971 - Shelton-Mason County Journal - Page 3
