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Show United Savings managers discuss goals, customers needs :fj,l,,l .V'-1 , f At " 1 ' United Savings Bank and its subsidiary sub-sidiary Western Mortgage, with 20 savings and-or mortgage offices in seven Western states, held their 10th annual managers meeting Sept. 9-10 at the firms' headquarters headquar-ters in Ogden. President Paul Neuenschwan-der, Neuenschwan-der, also president of the Utah League of Insured Savings Institutions, Institu-tions, discussed customer service with the nearly 70 managers from Utah, Idaho, Nevada, Montana, Colorado, New Mexico and California. Cali-fornia. He stressed the necessity of getting to know customers' needs and being creative in answering those needs. Chairman of the board and founder John Goddard reviewed strategic goals for the coming year. He discussed United Savings' plans for dealing with current economic eco-nomic trends, such as the entry into the market of major national mortgage companies, HUD REO, and other competitive factors. Mary Garner, vice president, residential re-sidential mortgage operations, said. "With our far-flung organization, organiza-tion, these meetings are a great way for outlying managers to review re-view the year-to-date financial data and to feel a part of things. Also, we have the opportunity to introduce intro-duce concepts and products, such as the new consumer loan for students." stu-dents." Nine 10-year service awards and five 15-year awards were presented pre-sented to employees. Thayne Robson, executive director of the University of Utah Bureau of Economic and Business Research, delivered an economic forecast stating that, "1988 is a year in which Utah's rate-of-growth achieved double that of 1986 and 1987, but which only achieved one-half the growth rate of the 1970s." For 1988, 12,000 to 13, 000 jobs were created compared to 6,000 jobs for 1987; the 1970s saw 25,000 jobs a year created, Robson explained. All sectors of the Utah economy are stable except for construction which has had a poor year with O CONTINUED ON NEXT PAGE 'V I : i 1 Photo by ROGER TUTTl Davis County's newest discount department store, "ShopKo," held its grand opening today in Layton at 1 1 50 N. Main. Layton Mayor, Richard McKenzie; Miss Kaysville, Julie Williams; ShopKo district director, Dave Haugen, and the Layton Store manager, Kathy Swita, were there. Free sample packets of ShopKo products were distributed to the first 1 500 customers. Drawings for other prizes will continue throughout the day. ;j. MARY ANN GARNER J li nmnn - i i in li JOHN GODDARD I I II PI II WIIPIPl m IIWIH W I I. , - i-Ult PAUL NEUENSCHWANDER United Savings CONTINUED FROM PREVIOUS PAGE new home starts declining even below be-low the 1986-87 rates, he said. He added that dwelling permits issued for 1988 were 2949; for 1987 that figure was 4282, and for 1986, it was 7440. Robson said 1988 will prove to be the lowest year in housing construction con-struction in Utah in the last 20 years. The value of total permit-authorized permit-authorized construction is currently current-ly 22 percent below the depressed levels of a year ago. The better performance in 1988 in other areas is largely explained by B.P. Minerals America, Inc. (Kennecott) and Geneva Steel, with some continuing growth in high tech firms, the health care industry, in-dustry, and recreation and tourism, tour-ism, Robson commented. Robson advised that the outlook fax 1989 depends on the continued strong performance of the national economy and, while the construction construc-tion industry may bottom out, it should begin to improve with a modest upward swing. All other sectors of Utah's economy should show modest growth, he concluded. con-cluded. Robson is also a professor of management and a research professor pro-fessor of economics at the University Univer-sity of Utah. He is vice chairman of the board of trustees for the Salt Lake Convention and Visitor's Bureau. He has taught at Harvard and UCLA and is author of numerous numer-ous books and journal articles. United Savings Bank has consistently consis-tently ranked among the top financial finan-cial institutions nationally in various va-rious rankings that reflect institutional institu-tional strength, such as net worth to total assets ratio and return on assets. Founded over 30 years ago, United Savings holds assets in excess ex-cess of $224 million and is FSLIC insured. |