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Show r Page 5b Univac Plans Opening Financial Institutions Confounded by Changes (continued from page lb) Most regulations and institutions were spawned from crises like the Depression. It's important to ask now, Did we do things then that dont make sense now? One of the stated purposes of the Senate Act was to stimulate the flow of money into the mortgage market. Z & K Dissolve Partnership Zundel & Kimball has taken its last breath as a business enterprise. The Salt Lake City men's clothing store has changed its name and owner- ship. The new name of the store, Craig Zundel, reflects the dissolution of the Zundel and Kimball partnership that occurred in January. Craig Artist's rendition depicts the new 15,768 completed, the three-stor- y will facility Zundel, along with his father, square-foo- t building being constructed for provide complete drive-i- n service in addition Olof Zundel, formed a NEW the Sperry Univac Employees Federal Credit to several new and varied services for its corporation effective last week Union at 1715 West 700 North. When members. called the Craig Zundel Corp. Everything is fine between Dale Wilkinson, Manager of West 700 North, it will have complete dirve-i- n service, and Kimball and myself, Sperry Univac Employees 15,768 square feet space, and will enable the Union to offer Craig Zundel said. The changeover Federal Credit Union, has is three stories high. Don checking accounts, safe depowas a business decision. Craig announced the groups new David Johnson is the architect sit boxes, after-hou- r deposi- is thinking of going into the building will be ready for According to Wilkinson, tory, direct deposit and money construction business, he 8,700 square feet of the buildoccupancy by June 1, 1976. orders, Wilkinson said. added. The new building has been ing will be available for rental Present membership of the Zundel will operate under construction by J. Ron until the Credit Union expands Union totals 5,300, with assets theCraig Foothill Village store. He listed at more than $5 million. said he Stacey Contractors since Oct its current operation. expects to hang his The new facility will offer ober, 1975. Located at 1715 new sign this week. . Owners Tell All Voicing bitterness about the past and uncertainty about the future, property owners succeeded in convincing city Redevelopment Agency officials to let them tell what we know about the block to developers of city land use alternatives. We want to tell what we know, Lou Callister, of Calli-steGreene and Nebeker told Redevelopment Agency officials. r, Mike Chitwood, director of the Agency, told the owners, Within the next 14 days we block a with During meeting will get you people together owners and officials, agency with the Genge people. You tenants of property in block 58 can tell them everything you (Main-WeTemple, 2nd-3r- d know. South) asked agency officials Chitwood also advised about how they intend to use d the property in the owners to participate in formblock. ing a Citizens Advisory Council, made up of businesspeople from various downtown locaThe city bought about tions. Such a council would be 250.000 square feet of properinstrumental in forming a ty along West Temple several master plan for the area, he years ago, expecting to sell it said. to developers of a Sheraton st city-owne- Hotel. Parking In October, 1974, Sheraton announced plans to move the proposed site to 1st South and What are we going to do about the parking problem? owners asked. All present West Temple. Left with related problems with traffic 250.000 acres in hand, the city police officers, icy parking recently employed GengeCall lots, and costly validations. Engineering to review posHow do I use my property? sible uses for the property, I cant make plans until I know and current to it relating what the city is going to do, potential uses for the entire another owner asked. downtown area. Chitwood explained that to Ovv: r rt Tm'n rry r; :.n 5450. 000 r. year is available ' v.'.Hir r -.'-i-r.- But, says Howard Bradshaw, president of American Savings and Loan, the bill as written would only decrease such a flow. There is no need for savings and loans to operate checking accounts,' Bradshaw says. Financial institutions are already in enough trouble. Such a program would entail a huge cost for them, and could be the straw that breaks the camel's back, he adds. Bradshaw also says hes opposed to creating a super agency. Combining agencies puts too much power in one place, he says. No one knows what kind of animal Congress will create, Donovan says, or whether it will be a whole zoo. Everyone involved has a different opinion. The status of new legislation changes weekly, he adds. Richard Van Winkle of Lock hard Company and a member of Utah Consumer Finance Association agrees the new legislation is in a state of flux. All different types of financial institutions are jockeying for position in the role they will play in the future of financial growth in the country, he says. 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