William Penn Life, 1988 (23. évfolyam, 1-12. szám)

1988-11-01 / 11. szám

Page 4, William Penn Life, November 1988 WPA Federal Credit Union ■ Who Can Join? Any William Penn member residing in Pennsyl­vania is currently eligible to join our credit union. However, in the near future, membership will be open to all our members across the nation. ■ What Are Shares? Savings in the credit union are called "shares.” Each share is $5.00 and every member must own at least five shares to be eligible for membership. There is no limit to the number of shares you can own; how much you want to deposit in the credit union is entirely up to you. ■ What Happens To My Shares? Credit union shares are used to help the members obtain low-cost loans. All money not loaned to memu or 1 ■­­m uw tinancial institutions. ■ How Sure Is The Repayment Of The Loans? Credit union loans are made to members only. Credit Committees and Loan Officers care­fully consider the purpose of each loan, the character of each applicant, the ability to repay, and the security offered, if any. Credit unions have had an outstanding record of repay­ment. Even so, a portion of earnings as a reserve against triors rue ___ ^ar credit union is char­tered by and operates under the supervision of the state and federal governments, and government exam­iners regularly examine the books. A committee of members audits the credit union’s records. The treasurer and others handling funds are bonded. ■ Are My Savings Insured? The National Credit Union Admini­stration insures your credit union account up to $100,000 through the National Credit Union Share Insurance Fund in the U.S. Treasury. ■ Will 1 Get Dividends On My Savings? Our credit union is permit­ted to pay dividends up to 7% a year after expenses have been paid and ♦•iw, required * have been ic. The actual amount is deter­mined by the Board of Directors at the end of each dividend period, or twice a year. Credit unions pay dividends comparable to, or better than, those paid by other financial institutions. ■ What Will A Credit Union Loan Cost? Usually, you will find that the interest rate on a credit union > your i shop (tiu. and r wlO uu j oil tfldl. X £11S means asking about the annual per Current Loans and Rates Type of Loan Max. Amount Rate Signature Loan $2,000 12% Co-signed Loan $3,000 11% Shared-Secured Loan Up to the value of your credit union deposit 10% New Car Loan $10,000 maximum with 20% down payment 9.75% Applications for loans are available to all members of the William Penn Association Federal Credit Union wai.lau an oi iái e accounts for the period j ending on June 30,1988, was-6% wait,--''-nrnmerids centage rate, the total dollar amount to be repaid, and the number and amount of payments. Assure yourself that the credit union offers you the best deal available on loans. ■ Are There Any Other Costs? No. There are no other charges when you borrow from our credit union. Shares? Yes. Shares may be with­drawn bv aoolving at the credit ■ How Do I Join? You can join our credit union by completing and signing the membership application form below and sending it to our Home Office, along with your check or money order for $26.00 to purchase the required five shares and cover the $1.00 entrance fee. You ~ 1--.« initial deposit if m wall V lOll OUl iliu^.l UlllXw. . _ „.I Uluc/i. business day. office at 709 Brighton Road, Pittsburgh, or the branch office at _. iNintn Ave., Homestead, Pa., and apply in person. ‘FOR PENNSYLVANIA RESIDENTS ONLY* il William Penn Association Federal Credit Union #02661 APPLICATION FOR MEMBERSHIP (FORM WPAFCU 150) THIS SECTION TO BE COMPLETED BY ALL APPLICANTS THIS SECTION FOR JOINT ACCOUNT APPLICANTS ONLY (LEAVE BLANK) NAME ACCT. # TAX IDENTIFICATION NUMBER OR SOCIAL SECURITY NUMBER ADDRESS CITY STATE ZIP HOME BUSINESS TELEPHONE ( ) TELEPHONE ( ) w.Vtri_v>Yfcrt PLACE OF BIRTH DATE OF BIRTH WIFE'S FIRST & MAIDEN NAME OR HUSBAND'S FULL NAME I hereby make application for membership in the William Penn Association Federal Credit Union #02661, and agree to conform to its by-laws and amendments thereof, copies of which have been made available to me, and to subscribe for a least five (5) shares. If Life Savings insurance is carried in connection with my account, I agree, in consideration of the credit union carrying such insurance, that any designation or change of beneficiary made by me shall only be binding upon the credit union, if I have filed with the credit union prior to my death, such designation or change of beneficiary, in writing, signed by me, on the form supplied by the credit union; and, in the absence of so filing a designation or change of beneficiary, I agree on behalf of myself, my heirs, etc., to indemnify and save harmless the -dH t inion from all loss or damaae bv reason of the oavment of the proceeds of such insurance to •«stha credit union records síita# so be entitled thereto. v . .. w ihHc ACCaw.i I AGhLisMtiNT The William Penn Association Federal Credit Union #02661 is hereby authorized to recognize any of the signatures subscribed hereto in the payment of funds or the transaction of any business for this account. The joint owners of this account, hereby agree with each other and with said Credit Union that all sums now paid in on shares, or heretofore or hereafter paid in on shares by any or all of said joint owners to their credit as such joint owners with all accumulations thereon, are and shall be owned by them jointly, with right of survivorship and be subject to the withdrawal or receipt of any of them, and payment to any of them or the survivor or survivors shall be valid and discharge said Credit Union from any liability for such payment. The joint owners also agree to the terms and conditions of the account as established by the credit union from time to time. Any or all of said joint owners may pledge all or any part of the shares in this account as collateral st ' :.r, 0' :_ans from this credit union. The right or authority of the credit union under this agreement snail not be changed or terminated by said owners, or any of them except by written notice to said credit union which shall not affect transactions theretofore maue. [The signature on the first line (★) should be the same as signed on left side of this application.) SIGNATURES OF JOINT OWNERS _________(Each Must Sign)_________ TAX IDENT. NO. OR SOCIAL SECURITY NO. DATE OF BIRTH (LEAVE BLANK) JOSN? ACCT, * ■■■■■HBaHscmzEEíEriSVWiMUMUieiHAUiw'i'n xwbse« * * I THIS SECTION FOR w... GNATURE. .DATE. NUMBER OF SHARES YOU WISH TO PURCHASE (Minimum: 5 Shares) awoijnT ENCLO jO Or rrt i y/i L.I • crn m, o'—— v«c nn/Share (add $1.00 Entrance Fee)] This application approved by: □ The Board □ Executive Committee □ Membership Officer Date _____L______L______Signed__________________________________________ ‘If your application for membership is rejected, your full deposit nil! be returned to you. (□Secretary □ Exec. Comm. Member □ Membership Officer) ... .-•« i'CUtriML oklúi t UNiuiti 709 Brighton Road, Pittsburgh, PA 15233 „ I «I

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