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Show u a monday, december 19, 1977 Good for goose Fed credit union coffers swell more member services, and to provide more space for administration, records and ac- Utahs Federal Employees Credit Union will end 1977 with membership totaling 80,000 persons, making it the largest credit union in Utah and the 25th largest credit union in the U.S. counting. complete in Riverdale facilities, the Wall Avenue office will then be remodeled to provide more Two-third- James J. Dawson, FECU's general manager, s space for customer services. Dawson told the Enterprise. At the same time FECU is working on its new branch said unprecedented growth has resulted in a building program to provide facilities for Bad for gander CU checking About the time Utah's orders of withdrawal on which interest may be paid. The writer of a share draft, instead of receiving cancelled checks, receives a statement much like a credit card statement, detailing transactions. Federal Employees Credit Union sighs at the relief of having more space for its operation, Utahs bankers may experience a bit of tightness in the chest, perhaps even a touch of congestion. been jammed just taking care of this growsaid Jim Dawson, the general manager of the Ogden based organization. But once we get moved into our new Operations Center, we'll begin looking at the possibilities of expanding serth, The bankers don't like the interest rate advantage enjoyed by credit unions, especially since the CUs can pay interest on share draft balances on deposit. Fred G. Eberhard, executive manager of the Utah Bankers Association, said of If the rate share drafts: differential paid as interest were removed, the bankers wouldn't be anywhere near as unhappy. But dammit, they (credit unions) keep wanting all these same things as banks and theyre not willing to pay the same rate, they don't pay taxes and don't have the same offering share by drafts.' Share drafts are essenchecks negotiable tially . Fashion Place marks new openings Three retailers and a savings , and loan company arc opening outlets at Fashion Place Mall. The Fashion Conspiracy, a clothier, opened Monday, Dec. 12. In final stages of completion are offices of Western Savings and Loan Co. with its third Salt Lake valley office; Bogurt's Yogurt, vendors of a custard yogurt, and Lowry Organ Co. Remodeling and refu- rbishing is complete reserve requirements. There's no equality," Eber- hard said. Before any share draft program is adopted it must pass through FECU committees for approval. But with several smaller Utah credit unions already using the share draft system (it was approved by Utah Banking Commissioner W. Smoot Brimhall earlier this year), its adoption seems almost certain at FECU. 3DESJ 1QE asE 3GE at Fashion Place for Clothes Mine, a unisex clothier, and Gallcnkamps, the shoe retail- ers. r BE 3BE 3QE TRYOURNO-SECRETARY- - j SECRETARIAL SERVICE FREE We are so sure that our automated secretarial service will solve your secretarial problems that we want you to try it on us! Our highly skilled professionals are ready lor dictation and transcription 24 hours a day. seven days a wwk. Now there is no need lor costly equipment, fringe benefits arid vacations. You may expect to pay about half your normal vjr.mtanal expense and eliminate costly turnovers. I 1 FOR INFORMATION AND YOUR FREE TRIAL CALL AUTOMATED SECRETARIES 292-546- E 3SE where land has been acquired to establish FECUs 11th office. The Layton office may be completed as early as 1978, but 1979 is the date targeted, Dawson said. At least two other offices are also being planned, but Dawson declined to indicate locations. FECU growth has been up to 20 per cent a year. Assets at the end of 1977 will total about $115 million, Dawson said. Weve been writing a million dollars a month in loans just in our Bountiful office, he added. 1 19 Fast, accurate, same day service. Join our growing list of satisfied customers. Large and small accounts welcomed. Safeway Stores Reams Stinson's Markets Maceys Allens Super Save Mkts Call Dick Auerbach's Allens Drugs Rarry Manufacturing South East Appliance Warehouse Allen's Food Town Fouts 486-300- 7 or 582-276- DICK FOUTS INVENTORY SERVICE 3335 So. 900 East, Salt Lake City, Utah 84105 PHFWnOUES Share drafts are directly competitive with checking accounts and bankers have long resisted attempts by credit unions to offer such services. Weve vices accounts? in Roy, scheduled to open next year, and in Layton, Count On Us To Count For You GALLERY OF FINE ART Custom Framing Art Exhibits & Sales Beautiful custom frames and Perfect for gift giving. Memorable at Christmas. Framing and elegant oil paintings. All tastefully crafted especially for you, at Phranques. ready-mad- e. Oils by well known local artists in a wide range of colors and subject matter. Special Limited Offer: 30 Hours 1 to 6pm Monday-Saturda- y, off Custom Framing with mention of 1954 East 2700 South, 467-9601 this ad. 6 |