William Penn Life, 1989 (24. évfolyam, 1-12. szám)

1989-02-01 / 2. szám

Page 10, William Penn Life, February 1989

Members of Credit Union enjoy many benefits

Loan limit raised to $5,000

From now until March 31, 1989, all members of the William Penn Association Federal Credit Union can apply for a signature loan of up to $5,000, the Home Office announced.

For this limited time only offer, the interest rate on signature loans will be 11.75 percent with a 36-month term.

The special offer is designed to help credit union members consolidate their Christmas charges and other bills.

To apply for a loan, contact the Home Office.

There is an old saying: You are known by the company you keep. In the case of being a member of the William Penn Association Federal Credit Union, that is a compliment.

By belonging to the William Penn Credit Union, you join many others who have banded together to form a common pool of funds that may be borrowed at reasonable rates.

By adding to your share account on a regular basis, you establish yourself as a good steward of your resources. When you borrow from your Credit Union

and repay the loan promptly, you become a good credit risk.

Since you are a part-owner with a voice and a vote in the Credit Union’s operation, you

show good judgment in choosing it as the place where you carry out your financial transactions.

Because your equity in the Credit Union is federally insured

up to $100,000 per account by the National Credit Union Administration, you entrust your funds to a safe and sound institution. In fact, of the three financial institution insurance funds, the Credit Union fund is the most solid and secure.

Plus, you have extra security in knowing that your Credit Union maintains a large reserve fund set aside to protect share and other savings accounts.

Your savings are your share in the Credit Union. Your savings account is never too small, and you earn excellent dividends on

your shares.

Few lenders can match the terms you can get from your Credit Union, and none can beat the service it delivers. Unlike at many profit-centered financial institutions, you will never pay a penalty when you repay a loan ahead of schedule. And, you can feel comfortable coming to your Credit Union to renegotiate the terms of a loan when times get tough.

By joining your Credit Union, you are making wise use of your resources.

*FOR WPA FEDERAL CREDIT UNION MEMBERS ONLY*

WPA Federal Credit Union #02661

1989 Christmas Club

____________APPLICATION FOR CHRISTMAS CLUB ACCOUNT

CREDIT UNION ACCOUNT #_______________________________________________________

NAME:

ADDRESS:

CITY:

STATE:

ZIP:

PHONE: ( )

SOCIAL SECURITY #

ENCLOSED IS MY INITIAL DEPOSIT IN THE AMOUNT OF $

SIGNATURE:________________________________________________DATE:_______________

YOUR CHRISTMAS CLUB DEPOSITS WILL APPEAR ON YOUR MONTHLY STATEMENT OF ACCOUNT.

Current Loans and Rates

Type of Loan

Max. Amount

Rate

Signature Loan

$5,000*11.75%*

Co-signed Loan

$3,000

11%

Shared-Secured Loan

Up to the value of your credit union deposit

10%

New Car Loan

$12,500 maximum with 20% down payment

10.75%

Split dividend declared for the period 7/1/88 to 12/31/88:

BALANCE RATE

$25.00 to $100.00 ............... 41/2%

$101.00 to $500.00 ................5%

$501.00 to $2,000.00........... 51/2%

$2,001.00 and over................6%

‘Maximum amount and interest rate given for Signature Loan valid through March 31, 1989.

Loan applications are available to all members of the William Penn Association Federal Credit Union.

•FOR PENNSYLVANIA RESIDENTS ONLY*

f) 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

(LAST)

(FIRST)

(MIDDLE)

NAME

(LEAVE BLANK)

ACCT. #

TAX IDENTIFICATION NUMBER

OR SOCIAL SECURITY NUMBER

ADDRESS

CITY

STATE

ZIP

HOME

BUSINESS

TELEPHONE ( )

TELEPHONE (

)

EMPLOYER

OCCUPATION

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 credit union from all loss or damage by reason of the payment of the proceeds of such insurance to such person as the credit union records show to be entitled thereto.

SIGNATURE

.DATE.

NUMBER OF SHARES YOU WISH TO PURCHASE (Minimum: 5 Shares)

AMOUNT ENCLOSED [No. Shares X $5.00/Share (add $1.00 Entrance Fee)]

METHOD OF PAYMENT: □ PERSONAL CHECK □ MONEY ORDER □ CASH

'If your application for membership is rejected, your full deposit will be returned to you.

JOINT SHARE ACCOUNT AGREEMENT

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 security to a loan or loans from this credit union.

The right or authority of the credit union under this agreement shall 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 made.

[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)_________

DATE

TAX IDENT. NO. OR SOCIAL SECURITY NO.

DATE OF BIRTH

(LEAVE BUNK)

JOINT ACCT. #

THIS SECTION FOR OFFICE USE ONLY

This application approved by: □ The Board □ Executive Committee □ Membership Officer

Date

Signed

(□Secretary □ Exec. Comm. Member □ Membership Officer)

Mail to: WPA FEDERAL CREDIT UNION

709 Brighton Road, Pittsburgh, PA 15233