Show h lev mc nt osunru achec vas t tat while mr sin iular ofa this lai ac thia mi hinr was Skor here forty memberss of the cooer re five signed an skorstad sad fad wes for still a credit union charter the cac charter was lu id up for acid gom dome time for technical reasons but was finally granted by the fedr 1943 under the name al deposit insurance corporation dated july 26 1945 of topaz fe federal credit union 1 deral novi the first organization meeting of the topaz topa federal credit september 15 13 1943 at rpm union was held on se 33 in recreation hall 35 c bemid were re seventeen present the there besides residents at also this th meeting mr L lowall johnson credit union examiner of the federal deposit insurance Corvo corporation ration miss dora maxwell credit union ormr ganization director of the credit union national association and yr Hond crich superintendent of business Busin enterprises honderich falter ITu IT mercus tume rous matters relating to op operation cration of credit union were discussed was the election of fifteen members membury sig ant achievement icat but the significant to the temporary board of directors five to the credit committee th to the supervisory committees without which the credit and bc able union will t o function abic to wili not be 9 whilce tho the majority of persons deft at the organization meetin g looked upon the credit union favorably hoping to have ing soon operating rating there were few who opposed it on the grounds rounds that the already existing banking department appear appeared cd to be operating satis fac it dorily that the charter placed certain cartain restrictions on the withsome of the residents in coonc fotion with the second reason boason it is well to know the charter limits withdrawal by blocked to in any cal drawal of funds which seemed unfair to cridler andar month thus a compromise was effected between the two groups with cor opi niona flicking opinions agreed to make a comprehensive study of bitting themselves cither to abandon or concommitting credit union before comm tinue the new project six weeks for the the newly elected board met once a week at the cooperative office th order in gordn to familiarize the directors with the mcc mechanics hanics of the credi highly reviewing the by thoroughly union by thoro laws of the federal credit knicl bylaws they the y i following ing this brief alx of study the lx bricf period ing of the board was held on 1st alst 1943 meetfirsttheofficial cooperative at put at which time it was unanimously decided to continue and credit union in op operation cration as soon as possible the board therefore negotiatedd in writ ing on november ard 3rd with the cooperative board of directors requesting the latter to turn over the banking department to the topaz federal crac jt union tac reaction was facredit vo rable vorable as expected but the factual nofer could not be effected actual tra transfer without the sanction of the Coope congress oon cooperative native cong ess which will soon meet to deliberate and act on its boardm decision presumed it is office the j and hoped the cooperative congress will vill likewise react favorably the board of directors of the topaz federal credit union is now preparing to launch a camp wide drive for membership is hoped that the residents will show as keen a inter est in theit credit union as ao theyJ have in the cooperative for without their support and pa participation success of the new enterprise canno t be achieved and in order to better be ator acquaint the residents with the new program the federal credit union bylaws ana english will by laws both in japanese ancl be distributed throughout the center vc very ry soon the t he meantime anyone desirous of obtaining further information in concerning the new topaz federal credit union can do so by contacting ng mr R maeyama secretary topaz Co consumer or mr enterprises cooperative prisca isumer enter wa manager 01 of the banking dep artmont department art ment L 1 IT i directory BOARD OP DIRECTORS DIRECTOR3 lur ION TOPAZ FEDERAL CRED CREDIT IT ur november 11Q943 I1 4 r zi |