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Newspaper Archive of
Shelton Mason County Journal
Shelton, Washington
Mason County Journal
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News of Mason County, WA
February 11, 1971     Shelton Mason County Journal
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February 11, 1971
 

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'lOll )r openi~ cars for t~: t for a .EAT end ;e but adi Thorn~I !1 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 $4520 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 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