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Show Development Of TFCU Buildin t I . jk , ' , m -- . V5T-- i- r . it'- "' gr' vt A The rite leiiwl from I he U.S. Government on which the Tooele Federal Credit I'nion constructed its new $250,000 building, Evacuation begin. Worker tie vault Foundation and basement walls are constructed and form ready for vault. rebar" prior to pouring concrete. Credit Union Supports Community Projects The Tooele Federal Credit Union Is an organization of 6.900 nieniliers strongly united in providing financial services to other for the liettennrnt of the individual nieniliers and the entire organization. Because it is an organization widely list'd by individual citi- z.ens, it alvi takes a vital and important part in community activities. Walls are completed, ready for installation of windows. The Tooele Federal Credit Union, as it is known today, was originally organized in Aug- list 1948 by the Bureau of Fed- eral Credit Unions and assigned Charter No. 5977, at the Benicia Arsenal Federal Credit Union at Benicia Arsenal, California. The charter was amended in Septem- - i to include military and civilian personnel of Tooele Army Depot (then known as Tooele Ordnance Depot) and a branch office opened in Bldg. 595 at her . 1961 Tooele. hers over 7,000 includes civilian employees and their dependents of Tooele Army Depot, military personnel and their dependents assigned to the depot, concession- aires employees located on the depot, employees of the US government who work in the post office and Federal Build- jng jn Tooele, Utah, memliers 0f the Armed Forces, active or retired, or their dependents or dependent survivors who are eligible by law or regulations to receive and are receiving bene- fits or services from the above military installation; unremar- ried spouses of members of the credit union who were deceased while within the field of member- ship of this credit union, em- ployees of the credit union; per- ,ns retired by the Federal Gov- ernment as annuitants from the ahove employment or service; members of their immediate fam- dies, and organizations of such TIIE CREDIT CU ISow Has Safely Deposit Boxes Union is lest AS A RESULT of the dis- bandinent of Benicia Arsenal, and the assumption of the Arsenals missions and personnel by Tooele ' In Fe(Ieral cred,t ,,n,on- Army Depot, the Credit Union e savm?s em,)ers accuinu- was moved to TAD and on Aug- , IoanS ateare use? ust 13. 1962 the name of the make, other Kranted credit union was officially changupon the judgment of officials elect-er. ed to Tooele Army Depot Fed- ed by the members for that Credit Union and the char- ter amended to change the lo- purpose. cation of the credit union from Federal TOOELE THE California to Tooele, persons. Benicia, is owned by the Union Credit Utah. Later the name was shorTHE INITIAL cost of join- - sbare holders and is completely tened to Tooele Federal Credit ing is 25 cents plus the purchase nonprofit A11 monies earned by of one $5 share which is credited the credit union, except for to the individual s account. operating expenses, are retum- The Credit Union is a non- - ed (0 members in the form of is profit organization which djvidends. the time of the movement to owned by the members. Credit All officials both elected and TAD were $1,068.00. Since the Unions exist and flourish because app0jnte(j donate their time and move assets have grown until they promote thrift and provide efforts t0 the operation of the now the Tooele Federal Credit credit at reasonable rates. credit union free of charge and The slogan of the credit Union boasts of assets of $9 mil- 0nly the actual employees of lion. union is Not for profit, not the credit union are paid for for charity, but for service." Membership, which now num their services. Mobile Office To Take All Services To Employees Beginning March 1, the Too- - depot. ele Federal Credit Union will The credit union will continue branch expand its service to depot f0 operate its employees w hen it begins depot- - office in Bldg. 614. wide coverage of Credit Union now-ren- Tooele Army Depot. Five hundred twenty eight boxes, ranging in size from 5"x 5x24" to 10xl0x2" have been installed in the steel concrete vault and are first available on a served basis. As a special service to renters of the safety deposit boxes, the Credit Union will reproduce five copies of all printed matter for the renter at no cost. Another valuable service provided by the credit union. first-com- al JS Why pay interest charges up to 18 per cent Annual Percent- age Rates. . . send payments all over town. . . and worry wheth- - Partial view of the 528 safety deposit boxes now available for rent by CU members. m SIMMS DEDUCTION makes it easy to save ! Office Staff of TFCU store credit can cost. And can even you repay your loan with convenient payroll deduc- tion. No doubt about it. . . if bills here, there and everywhere are getting you down. . . you can take care of them all easily and save money too. . . with a your credit union. , services from a mobile office. USE OF A mobile office is another step in providing more efficient service to depot employees who are members of the credit union. At the present time the Credit Unions main office is in the hew building with another full-servi- office in Bldg. 614, the former main office. In addition to these two offices depot employees have been served by six branch offices operating on a part time basis. These branch offices are set up in various buildings throughout the depot. WHEN THE mobile office goes into operation the present branch offices will be disbanded and operations will be conducted in the mobile office. The mobile office will not only take the place of the six branch offices, but will expand to four more locations. On a pre- schedule the mobile office will now serve employees in ten locations throughout the Baseball lav John- - Offic-arrang- tails. Tooele Federal Credit Union staff who are anxious to provide each and every member with fast, efficient and courteous service. Standing: Lee Brown, Dale Killian, Donna Gillette, Merlo Nelson, Lorraine Outzen, Loel Grisso and James Emerson. Seated: Ellen Peterson, Lucille Campbell, Judy Olsen and Gayle Wicks. P,e- - Too-Th- is Lea- - T1 B' and A"'s,ld ,he sP"r (;Iub by donating funds their Quarter Horse Show. Contributed to the Tooele American baseliall fr 3 ad-onl- pub-receiv- All-St- TFCU Members Privileged To Have A P.S.L. Loan A Personal Service Loan is a line of credit up to a $2,000 maximum for CU members. making available instant cash when needed for vacations, medi- cal expenses, charge accounts. furniture, new or used cars, boats or any worthwhile purpose. An that is required is a completed loan application and note. No other security is need- ed other than the members sig- nature. WHAT IS a P.S.L. Loan? The following questions and answers will provide more infor- mation concerning a P.S.L.: How much can be borrowed? Any amount between $25 and the unused Port,on of thf ma mum usually $2,000, plus the members shareholdings. What does it cost? If it isnt used, a PSL Loan doesnt cost a penny. The finance charge or interest is 1 per cent per month which is an Annual Percentage Rate of 12 per cent for the actual number of days used. This is by far the lowest rate available for revolving credit; IS LOAN Protection Insur- ance furnished? Yes, as long as the user meets the requirement of the Insurance Company. Can a member have a signa- ture loan and a PSL? No. The CU will transfer members pre- sent signature loan balance to the PSL. Can a member have a collat- eral loan and a PSL? Yes. The PSL loan is based on members signature limit only, therefor he could have other loans secured by cars, pickup, real estate, etc. THE CREDIT Union has now incorporated, if a member desires, the PSL loan with a TFCU CHK draft, TFCU CHKs are loan advances and point of purchase drafts (0 ,he member jn advance un(ler the PSL program, Loan interest is not charged unb fbe drafi js used and then, nol until that draft clears the bank. TFCU CHK's can be used for any worthwhile purpose in an amount up to $100. A per- son with a $2,000 PSL may now have 20, $100 TFCU CHKs. W'hen money is needed the mem- ber comPees a CHK much as he,da?kTFCU CHK are drafts. - s , TFCU CHK s are charged Annual Percentage Rate of 12 per cent and payments are based on the loan balance, Here is how the TFCU CHK .an with meeting CONTRIBITED to the County Mens Softball The team managed nie Boswell and coached by Joe Del lerrera and Doug Bateman, all who are nieniliers of the finished the season in grains. SPONSOR two re- second place with an 11-howling teams. cord. Assist Tooele High School , BUT BASEBALL wasn t the y ,y purchasing p,,bjcatjon community activity that vertisements in their school financial support from ica,ioni the "Buffalog." Help the credit union. with the yearlmoks of lioth the At the conclusion of the Tooele and Crantsville High regular season, the TFCU spon- - schools. sored not only the Raise Ruth The Credit Union is a service games, but the Tooele service to the organia,ion National League Western Boys memjcr and ,0 ,he commimify. for spring The TFCU annual cellent job, and the advantages of lieing a meinlier of the Credit Union as well as the service available were generously and vividly explained to the radio audience. OTHER ACT1MTIES that received fr""' the TFCU Association. spruce up will be held at the TAD ers Open Mess, Saturday, March 23, 1974. Watch for further de- plav-by-eac- h pro-TFC- Memliers of the Tooele Army t Depot Credit Union can Imxes. safety deposit This new service is available in the new CU offices at descrilicd as a cooperative association organized for the priose f promoting thrift among its members and creating g so(rce of credi, for providt.n, or prtKj,,C( jVe purposes." The true success of any credit union is measured not by the amount of money it accumulates nor by the amount of dividend it pays, but by how well it serves its members, how well it helps them form habits of thrift, and how well it helps to teach them to control their finances. PATROL Balie Ruth past year the Credit Union sponsored a team compris- ed of Imiv ages 13 to 15. History And Organization Of Tooele Federal Credit Union 2 EWMP1 E of its ONE contribution to" the community is found in the Tooele County Baselull All Star teams, on the radio. Mel Rolierts, also a meinlier of the TFCU did the play of the games as well as the commercials. Mel did an ex-t- o a home improvement loan! works: CONSIDER the prospect of having $2,000 available for use at anytime. Now even in these days of inflation $2,000 is a lot of money, but the Credit Union can make it possible for a member to have $2,000 avail- able for a mfenabe Persona use at day r n,g . TFCU CHK s are issued in denominations of $100. The QWner uses them like money. WHENEVER he needs cash for ANy reason The beauty of this new service js that a member always has CASH READY AVAILABLE take advantage of special for cash, bargains, discounts emergencies) and interest for use of this cash will not start unld tbe CHK clears our bank, After using two or t ree un (to |
