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Show UTAH CREDIT UNION EORROWERS NEED NOT WORRY ABOUT TICHT MONEY Utah credit union . borrower, don't have to worry about tight money. ... Sleadi rising interest rate, will have no effect on the 76,000 credit union member, in Utah, .ay. Karl S. Little of Salt Lake City, managing manag-ing director of the Utah State Credit Cre-dit Union League. The 'announcement is an important import-ant one to thousands of borrower, who have loan, totaling more than $30,000,000 at ,233 . Utah Credit Unions, whose total assets are now in excess of $38,000,000. "Credit unions are nonprofut organizations, or-ganizations, and the money they lend to members is money members have saved," Mr. Little said. That means that the only thing that could make money "tight" for borrowers from Credit union, would be if member, .lowed down on saving sav-ing and depositing in credit union.. And right now, Mr. Little .ays. Utah credit union member, are saving at a record rate. Credit union borrower, are protected pro-tected furthe ragainst rising interest inter-est rate, by the growing practice of . the organization, to give inere.t refunds at the end of the year. In 195 most Utah Credit Unions gave interest refunds ranging from 5 to 25 per cent. |