PAGE 6

What the

THE HERALD CREDIT UNION SUPPLEMEN

Credit

Union can do

for you

‘The best possible way to find

out what the Terrace and
District Credit Union can offer
you is to go see them and tell
them what your looking for.
They've probably got a plan
that will fitinto your budget just
right.
The Credit Union offers the
full slate of banking facilities
and is a local organization
which could explain why one out
of every four residents of
Terrace banks at the Credit
Union. They have. basic
chequing and saving plans,
safety deposit boxes, they
handle travellers cheques and
money orders, they offer. loans
and term deposits, with .the
highest interest on deposits that
you'll find anywhere.

One scheme that has gone
over very well with the public is
Plan 24. Theoretically a
depositor could deposit one

hundred dollars today and with- .

draw it tomorrow and collect a

What is

Terra ce

District
Union.

What isa Credit Union? As
the song says its ‘Different
things to different people’. Itsa
_ banking institution working for

the members or depositors.
’ The Terrace and District

Credit Union is a non-profit

organization with ‘every

depositor a shareholder. with
one vote in determining com-
pany policy election of the

Board of Directors. The Board

is chosen at a annual general
‘meeting, held early the -year.

Interest rates are higher on
deposits and lower on loans at
the Credit Union, because it is
entirely local, with no head
‘affice aver-head costs. .

"The Credit Union is a bank in

‘the full sense of the word with
‘all saving, chequing and
~ borrowing policies to be found
; in other banks.
 . The. Credit Union Is term

full days interest. A full days

interest. may seem rather in-
significant. but if you sit back
for one or two years, you can
see your original ‘deposit
growing. And when you with-
draw your money, the interest
is calculated right up to the day
of your withdrawal — -

The credit Unian also. offers
you, a5 a depositor, the right to
decide the future path of the

institution, Each member of the § :

Credit Union is a share-holder.

He is paid dividends when Be

profits occur and he has one

vote at all of the Union's annual § ;

general meetings.’ .
The Terrace and District
Credit Union is just that, a

Terrace banking firm with all § :

monies invested in Terrace,

coming from Terrace and, most
important, going back into i

Terrace, As this area has

grown so has the Terrace and §
District Credit Union, from five @

members t to over twenty-five
hundred,

the

and -

Credit

deposits, such as the popular

Plan 24, where your interest is

determined and added every .-

day, not at the end of each each
year. —
The. Credit Union is) local
people working for local people.
As a non-profit. organization,
‘any profits thal are realized are

‘funneled back’ to the share-

holders, that is, the depositors.

The Credit Union is growing.
From its humble beginnings in
half an Army hut, . left in
‘Terrace in the mid- forties, to

the beautiful new building on.

Lazelle Avenue; from five

members to a figure fast ap-

- proaching three thousand. |

The Credit Union is for you, _.

with a financial plan to meet

your financial needs; a local’,

bank where you havea. say in’

-how things are run and; the “i.
bank of one person out of every —

four in Terrace.

The official sed-turning - ceremonies for ifie
recently. complated Terrace and District Cradit
‘> "‘Unton Bulldirig took place carlier this year. On’.

. ‘the teft is the president of the local Credit Union’
“Ed McFadden, center with the shovelis David E.
- “Collins: Manager of the Credit Ualon andon the ~~:

Tight is Jet! Hooke the General A Manager ‘ol the ve

* Gredit Union R

ed MT TTT A A

L&yY HEATING 7
AND. ELECTRICAL

Kitimat - Terrace

PHONE 632-5559

We were pleased

te do the
electrical wiring
in. the new

Credit Union. Beil.

ATA / OOo

E sth For Your + Building Needs
very inf Foundation Ta Finish ;

¢ Paper « Rooting - trisulation:
Millwork = Brick and: Tile = Wallbontds a

a Mordware » + Orin Tile - Plywood
- Plumbing 8 E Electrical Seroten