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

1989-04-01 / 4. szám

Page 4, William Penn Life, April 1989 Credit Unions grow with help of volunteers The Credit Union movement was born in 1848 in a tine German village. From there it mushroom­ed, spreading from continent to continent. Today, member sa­vings exceed $131 billion and member loans amount to $92 million. The movement was founded by volunteers — and volunteers still make up the foundation upon which these unique financial institutions are built. A good example of this special spirit in action is our Credit Union’s board of directors. Why do they devote so many hours of their personal time to the organization? It can’t be for the money — they are unpaid. Why would they work so hard for no pay and little recognition? The answer is simple. It is a labor of love. Board members spend many hours preparing for and attending meetings and reviewing financial data. They attend numerous edu­cational sessions to keep pace with constantly changing rules and regulations and a growing number of financial services and products. They also take part in Pennsyl­vania Credit Union League chap­ter activities, sometimes serving on state, national and even inter­national boards to further the growth of the movement. It is love and empathy for humankind that motivates them. They know that the Credit Union movement improves the quality of life of its members. Because our Credit Union is truly democratically owned and operated, your vote is vital to keeping informed, dedicated indi­viduals representing you in our organization. Be an active member of our Credit Union. Take advantage of all the privileges of being a Credit Union member. Make use of all the services available to you. At­tend the annual meeting. Vote. And support our board of directors. There is an old saying that goes, "It’s not always what you know, but who you know that counts.” At our Credit Union, it’s true. You know who the owners are. You are one of them. You know the board of directors. They are your fellow members. You know who has both a voice and a vote in the operation of our Credit Union. You do. Credit Union membership is a privilege that is not open to every­one. Like the many freedoms enjoyed in this country, it is a special benefit that is sometimes taken for granted. Why not make the most of your membership in the unique, "people-helping­­people” financial cooperative movement? Save and borrow at our Credit Union where the "not-for-profit” philosophy keeps rates beneficial and you are a valued member, not a customer account number. Announcing the WPAFCU . 8.2% Restricted Savings Account The WPA Federal Credit Union is happy to announce a Restricted Savings Account paying 8.2% interest on your savings. To be eligible for these terms, you must have a minimum amount on deposit of $5,000. You must agree to keep your funds on deposit for periods of six (6) months. Any amount withdrawn during the six month period shall be subject to a one (1) month interest penalty. Interest paid will be calculated based on the amount on deposit on the last day of each month. This account will automatically renew for the same period as the original term (6 months) at the interest rate in effect at the time of renewal under the same terms and conditions. For more information, contact the WPA Federal Credit Union. ‘This offer is available only to members of the WPA Federal Credit Union #02661. Current Loans and Rates Type of Loan Max. Amount Rate Signature Loan $5,000 12.25% Co-signed Loan $5,000 11.25% Shared-Secured Loan Up to the value of your credit union deposit 10.5% 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 .............. 4V2% $101.00 to $500.00 ................5% $501.00 to $2,000.00........... 5m $2,001.00 and over................6% Loan applications are available to all members of the William Penn Association Federal Credit Union. WPA Federal Credit Union #02661 709 Brighton Road Pittsburgh, PA 15233 ‘FOR PENNSYLVANIA RESIDENTS ONLY* & )William Penn Association Federal Credit Union\Fv #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 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.) WIFE'S FIRST & MAIDEN NAME OR HUSBAND'S FULL NAME SIGNATURES OF JOINT OWNERS _________(Each Must Sign)_________ 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 priorto 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. DATE TAX IDENT. NO. OR SOCIAL SECURITY NO. DATE OF BIRTH (LEAVE BLANK) JOINT ACCT. # THIS SECTION FOR OFFICE USE ONLY SIGNATURE . .DATE. This application approved by: □ The Board □ Executive Committee □ Membership Officer NUMBER OF SHARES YOU WISH TO PURCHASE (Minimum: 5 Shares) Date Signed (□Secretary D Exec. Comm. Member □ Membership Officer) AMOUNT ENCLOSED [No. Shares X $5.00/Share (add $1.00 Entrance Fee)] METHOD OF PAYMENT: □ PERSONAL CHECK □ MONt, ORDER □ CASH *11 your application for membership is rejected, your ’u!t deposit will be returned to you. Mail to: WPA FEDERAL CREDIT UNION 709 Brighton Road, Pittsburgh, PA 15233

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