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

1989-05-01 / 5. szám

Page 10, William Penn Life, May 1989

Credit Union helps members in many ways

Our Credit Union exists solely to serve you, our member. Because our Credit Union is a nonprofit cooperative, it is different from all other financial institutions and can help you in many ways. Our operating philosophy is "people helping people.” We want to help you save, borrow and get the most out of life.

Your savings are your share in the Credit Union. No savings account is too small for us to handle. As a member-owner, you earn excellent dividends on your shares.

Few lenders can match the

terms we offer — and none can beat the service we deliver. Unlike many profit-centered financial institutions, our Credit Union does not levy penalties when you repay a loan ahead of schedule. And, you can feel comfortable coming to our Credit Union to renegotiate the terms of a loan when times get tough.

Safety is another important feature our Credit Union offers. Your shares in the Credit Union are insured up to $100,000 per account by the National Credit Union Administration. In fact, of the three federal financial institution funds, the credit union fund is the most solid and secure.

By being a member of our Credit Union, you’re making wise use of your financial resources and credit opportunities.

But it is up to you to use our Credit Union to the fullest. Taking advantage of the many services our Credit Union has to offer is an idea that will pay off in many ways.

First, learn how you can use your membership to work toward financial independence.

Secondly, open that special savings account you have been

meaning to start. Add to it as regularly as you would to make a monthly loan payment. If leftover holiday bills are standing in the way of your savings plans, see our Credit Union for a bill consolidation loan.

Thirdly, encourage eligible family members to join. We will teach your children about the importance of setting savings goals and show teens how to establish a good credit rating.

Finally, if there is a special purchase or family project you have been putting off due to a lack of sufficient cash, see our

Credit Union for a low-interest loan. If your dream is to take some college courses or add a family room to your home, let us help make that dream come true.

Resolve now to use your Credit Union more often in the coming years — we will brighten your life anytime you need help.

If you would like more information about the services our Credit Union offers and about how we can help you meet your goals, please give us a call at (412) 231-2979 between 8:15 a.m. and 4:00 p.m. weekdays. We’ll be glad to help you.

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 .............. 41/2%

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

$501.00 to $2,000.00........... 514%

$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*

Í William Penn Association Federal Credit Union

APPLICATION FOR MEMBERSHIP

#02661

(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