oo. POTEET PTT PTO POUT CNT VEUV TUTE VTY TS Credit Union pays large dividends TERRACE —The Terrace and District Credit Union is paying the highest dividend on equity shares since it was incorporated in 1945, The 25 per cent dividend, in the form of additional equity shares, is worth $24,519 and represents approximately 10 per cent of last year's profit, says credit union manager Dennis Brewer. He said the 25 per cent divi- dend is nearly double the 13 per cent of the year before. Brewer credited the dividend — this is the third straight year one has been declared — to a healthy local economy. ‘‘From.a local perspective the economy has been good and from a provincial perspective, credit unions are doing well because the economy did well last year,’? he said. And, Brewer said there has been a strong demand for mor- tgage monies and a low loan loss tally. Profits this year, after the dividend and before taxes, are $188,000. That’s compared to $102,000 the year previous. Brewer said the credit union is doing well in meeting new government legislation which requires the financial institu- tions to increase their capital base. The credit union now has 8.5 per cent of. capital to loans, ahead of the requirement to have 8 per cent by 1996. — At the same time, loan port- folios increased by 22.5 per cent and deposits increased 19 per cent to $23.5 million. That increase came despite there not being a large increase in the number of credit union members, said; Brewer;-.. :. . He attributes that’ “increase to" more and more members using - more and more credit union ser- ‘Underground BC TEL cable splicer Brian Sears works in a world of his own underneath the city streets. Down there are located some of what keeps us all in touch. vices, That’s a goal the credit union set several years as a way to broaden its revenue base in the increasingly competitive world of financial services. “We’re certainly trying to en- courage our members to have all of their dealings here,’’ said Brewer. . Expected: later this. year is:a “plillion before dividends and if for 1991 compared to ! new: bank “machine - forthe Skeena Mall location. That’Il be an all-weather one, better able to handle colder temperatures. The one there now will be moved to the credit. union branch. kkk kik Annual earnings of 3.C. credit unions rose 28 per cent last year, says a report from the B.C, Central Credit Union. ; That, .works, .qut, 7 0% °$115.9 taxes, $90.5 million for 1990. TERRACE —McDonald’s is— adding another food to its menu. It’s moving into pizza ter- ritory beginning next week. The concept has taken seven years of development and testing, local McDonald's fran- chise holder Malcolm Hilcove Says It'll be the fifth major addi- tion to the McDonald's menu after hamburgers, breakfasts, salads and lo-fat products. The single or large serving pizza concept evolved from an original idea to produce. pizza pockets, said Hilcove. Although all McDonald’s outlets in Canada will be selling pizzas next week, they. are already available in selected American markets. kKeekkr Former Skeena MLA Dave Parker has joined with Chris Shaffer, his former executive assistant, to start a new business. Golden Triangle Services Ltd. is in the old Bytown Diesel building on Greig Ave. and will handle everything from ex- pediting for mining exploration companies to temporary office services, The name comes from the area to the north which takes in the gold-rich Iskut Valley region, Parker still operates a forestry consulting business — Parker and Associates — that he started after last fall's pro- vincial election. kaekakk oOo“ AND eer The man who replaced Parker as Skeena MLA, Helmut Giesbrecht, is the guest speaker at the next Terrace and District Chamber of Commerce lun- cheon March 27 at the Inn of the West. Elected as part of the NDP “majority government last Oc- tober, Giesbrecht has recently sat on the provincial govern- . ment's constitutional committee and on ihe committee struck: to examine northern education needs, Call the chamber at 635-2063 to make reservations, kek kkk And chamber of commerce members will be able to hear the case for the library expansion April 9 when library booster Willy Schneider speaks to a lun- cheon meeting. It takes place at the Bavarian Inn, gk kkk International Corona, the company with the Eskay Creek gold property, announced it made $6.97 million in the last quarter of 1991 compared to a loss of $19.89 million the year before. Revenues for the last quarter of 1991 were $65.45 million in contrast to $88.32 million. for the same period in 1990, Altogether, Corona's 1991 revenue amounted to $296,19 million -from production of 716,835 ounces of gold and equivalent. aka eK B.C. Tel celebrated a milestone March 3 by installing its two millionth line. The company doubled the number of lines in service in less than 12 years, At says that growth is a sign of population increase and de- mand for telecommunications methods, B.C.. Tel officially installed its first line in April 1891. kkk kak Don Krusel has been ap- pointed general manager and chief executive officer of the Prince Rupert Port Corpora- tion. He’s. been finance and ad- ministration manager of the federal crown corporation for the past four years. kkk kik Got a question about the pro- vincial government? Try | 1-800-663-7867, It’s a toll-free number under a pro- vincial program called Enquiry B.C Those on the other end of the phone line will be. able to refer callers to the proper depart- ment, They'll be using a computer database from which to draw information. 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