September 25, 1975 Shelton Mason County Journal | ![]() |
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September 25, 1975 |
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Bill Smith, Board President, and Ron Sanford, Manager, admire Thrift Award
recently presented the credit union by the National Credit Union
Administration.
Mason County Federal Credit Union has earned a Thrift Honor Award for
its success in stimulating savings among small savers, according to Edward T.
Bernhoft, Regional Director of the National Credit Union Administration.
The Mason County Federal Credit Union attained a monthly rate of growth
of 3.4 percent in accounts under $20,000. According to Bernhoft this growth
rate was above the average for Federal credit unions of similar size.
On July 31, 1075. the credit union had 0,023 members who had saved a
total of $9,027.401. The credit union serves residents o[ Mason County,
Washington. except employees and members of the immediate families of
employees of the following: Simpson Logging Company and Simpson Timber
Company in Mason County, Washington, [umbermen's Mercantile Company
and Olympia Oyster Company, and Pacific Lumber and Inspection Bureau
serving tile foregoing; employees of the credit union; and organizations of such
p~rsons. The credit union was chartered in 1935.
Mr. William H. Smith is president of the credit union, Mr. Floyd E. Powell
is treasurer, and Mr. Ron Sanford manages the credit union.
The National Credit Union Administration conducts its Thrift Honor
Award Program to provide an incentive for officials of Federal credit unions to
encourage members with small accounts to save regularly as part of their family
financial management plans. The Administration charters, supervises, and
insures over 12,500 Federal credit unions in the United States.
SECOND WEEK
CONTEST GRID
Missing digits read by KMAS
on October 7 during 7 A.M.
news. First member to find
h ~s account number,
vert ically, horizontally, or
diagonally on the grid must
call the credit union office by
Friday, October 10, to win
big cash.
PJge S-? - Shelton-Mason County Journal - Thursday, September 25, 1975
#
~O.LnV
For the best in meat with a 7-DAY
GUARANTEE. We do custom meat
cutting for the farmer - sausages,
smoking, and cut wild game. Bonded,
reputable livestock.
Kamilche
-- Selling - Hauling
\
Maybe you've dreamed about "just one
more closet" or a "room to store things
in."
Why be hung up? Give Lumbermen's a
call or drop by. We'd be glad to
exchange ideas with you. We'll even help
you plan down to the smallest detail.
And be sure to ask about our convenient
payment plan to fit your budget, just
like closets and storage space can be
fitted to your home.
SHELTON
first & ~ 4Z6.Z611
:- ~ %/• ~ °.
I .¢LI IER, BIK[
kttO MOItr¢.
REGISTER HERE:
WESTERN AUTO ]
I Grand Opening Door Prize 1
I 1
I Name I
I Address __ I
I I
I Phone |
I ........ ,I
Sept. 25 -- 9 to 6
VISIT THE CREDIT UNION BOOTH
AT THE GRAND OPENING FOR
HELP WITH FINANCING
Sept. 26 -- 9 to 9
Coffee and cookies,
O/d B & R Budding
Sept. 27 -- 9 to 5
and Apples for
the Kids.
A Free Gift
Okl Skating Rink.
for Everyone.
ILD
ED RETIREMENT
GOOD NEWS FOR ANYONE
IN A
FORMAL RETIREMENT
Now you can build your tax-sheltered retirement fund at the
credit union
CONTRIBUTIOH LIMIT?
Up to $1,500.00 per year
TAX DEDUCTIBLE?
YES, for Federal Income Tax
Purposes
WHEN DO I COLLECT?
No earlier than age 59Vz
No later than age 70Vz
HOW DO I
The fund grows on a TAX-FREE
basis until distribution, at which
time your tax bracket generally
will be considerably lower
HERE'S WHAT IS AT STAKE
If you contributed $1,500 each
year, at the credit union 6% rate
you would have*
AFTER 10 YEARS AFTER 20 YEARS AFTER 30 YEARS
Tax-Free Taxable Tax-Free Taxable Tax-Free Taxable
Account Account Account Account Account Account
19,770 13,820 55,180 35,290 118,590 68,630
* Assumes taxpayer is in 25% tax bracket
You can now build your tax-sheltered retirement fund at the
credit union
CONTRIBUTION LIMIT?
Up to $7,500.00
TAX DEDUCTIBLE?
YES, for Federal Income Tax
Purposes
WHEH DO I COLLECT?
No earlier than age 59½
No later than age 701/z
HOW DO I BENEFIT?.
The fund grows on a TAX-FREE
basis until distribution, at which
time your tax bracket generally
will be considerably lower
HERE'S WHAT IS AT STAKE
If you contributed $7,500 each
year, at the credit union 6% rate,
you would have*
AFTER 10 YEARS AFTER 20 YEARS
Tax-Frea Taxable Tax-Frea Taxable
Account Account Account Account
98,860 42,990 275,890 100,760
AFTER 30 YEARS
Tax-Free Taxable
Account Account
592,936 178.410
* Assumes taxpayer is in 50% tax bracket
WE WOULD LIKE THE OPPORTUNITY
To discuss with you, firsthand, the financial aspects of the plan best suited to you.
Why not get in touch with us today? You will be under no obligation whatever.
Thursday, September 25, 1975 - Shelton-Mason County Journal - Page S-7