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Show Y’ Credit Union Dedicates New $746,412 Building | Business News fut fe iN = ~/f A. Men’s Dress Shirts Reg. $131 4 ke \ XL 2/713 B. Arrow “Burma MR. KARPOWITZ Karpowitz sre: Gets New President er- a S Church ducational System ent between the rs and the persons assigned to the 1pu ROTC detachment at BYU, and the immediate Position Tan de reference to iG edit union. In fF the ment, he declared. The tnay be retained after a board members have been assigned specialist in industrial Person has terminated maintained their loyalty and commercial develop- employment with the ment for Design above institutions While it serves Construction, Inc in Bob Provo. Karpowitz has company is in- volved in planning and designing the future of the community industry and com- merce, said Mr. family of eligible members. Membership employees of Brigham t 0 work togeth Young University, the one another hat credit union is a com- hh and controlled by the President Tanner comThe pared the growth of the Design Construction membership plans, finances and member-elected beard of BYU Credit Union with engineers industrial directors serves without the LDS Church Credit ion. Both began in facilities before a firm pay. They set general even shows interest, he policies and hire a profes- 19655. The church group said. This comes from an- sional manager andstaff dedicated their building ticipating the needsof the who operate the credit and union proceeding h the con- All profits are Road in Provo, The bulding, land andfurnishings cost $746.412 ...We'll Do the Wrapping and Shipping with pletely independent Or poration, officers said. It is federally chartered and Karpowitz regulated. and is owned community N. ELDON TANNER, first counselor in the First LDS Presidency, speaks at the dedication of the new Universal Campus Federal Credit Union jformerly the BYL Employees Federal Credit Union) building at 1900 North Canyon in December 1974. It had begun with 71 original returned members and had grown member have grown from $5 to $958. compared with the national average of $850. Membership in the next 10 years is ex pected to reach 30.000 with assets of $35 million Name conducted the Walker cerer AZCMI ey SHOPPING SERVICE onies in the build absence of Pr Pre Wilford Smith. who is in took one jitterent than above) struction Another service the company provides is locating construction sites, designing the building, financing the Business Predictions Made Profits in the third the economy growing Project and completing it quarter came in close to capital for a firm. For example. Mr. Karpowitz said, a firm might show an interest in locating in Manti. Design Construc- next year. Do these third ings spending must somewhat better rate of growth than the thir jar r WWr ar expectations at a general- progress at more than Third quarter growth was unduly suppressed by the ly stronglevel. Some pes- just a moderate pace slow pacein inveutory insimists are talking about a substantial slowdown Third quarter earn- vestment. which should are roughly pick up * GiftWrap in the fourth quarter results. and the reflecting the economic quarter the location for the nine-month figures, sub- growth rate now. I would It's a question of conbuilding, plan it, build it Stantiate their fears.? think that the fourth quarter should show a fidence. The same thing and prepare it for a oc- UPI asks the experts. cupancy Alan Greenspan, presi‘We'll see the project it, through righttill the last tulip is planted,” he said. Townsend Greenspan & Co., Some of the projects New York: Design Construction has ‘There is a marked slcompleted locally are Global Coating, Inc. in owing in the rate of Pleasant Grove, Telepiex growth of the economy tion will go te Manti, find building in Orem and Norton's Shopping Center in American Fork. The Utah-based firm is doing $15 million worth of business in the intermountain, Mr. Karpowitz said. Companypresident, Harry L. Peacock. has been responsible for the and profit margins have been exceptionally low. I do not expect a sharp C. Carver's Christmas Tree Fruit Cake A tasty treat in colorful holiday design, Two full Ibs. of goodness from our Fine Foods department 12.95 D. Raggedy Ann and Andy 10-pe progress set includes cerealal tbow!| stainproof mug, child's plate, child’s bow! retrenchment in the economy. The rate of economic growth has slowed andwill continueto slow. But I expect profit margins to continue to and 6-pc. stainless set. 9.95 Silver Room tise because they are so construction of 400 abnormally depressed building in the Rocky As a result, corporate earnings next year should Mountain area Before beginning work be reasonably good if not Construction spectacular Capital spending ts Mr. Karpowitz self-employed for moving ahead at a pace t ears and worked for significantly less than Utah Valley Industrail Developmnet Association one would have expected at this stage of the business cycle. To keep Geothermal Development Seen For Milford Region The Milford region in Beaver County will figure be in the center of oncoming geothermal work ye area as new plans are being for Carlton Stowe, Utah and minerals specialist Departmentof | Resources ergy s Nevada opera: s that may total pro’wide reser ir data on two resource areas in the south a southwestern regionsof | tah. They are intended t the risk and ¢ cost of geotherma exploration, Stowe says that information will be published by he Department of Energy The Union ‘Geothermal hvision of Union Oil of Cai fornia has the largest 9,258 . drill three 10,000 holesin Mr F Estee Lauder will pro vide data from two productive esatanal wells on a $282,000 contract. Geothermal Power Co ¢ Novato. California isto drill 15 heat gradient holes 000 foot observation holes production ells up te 7,000 300 to 500 feet deep. two 2 and three explorato feet deep, at a with an IRA or Keogh Pian F. Panasonic Clock Radio st ae 0,488. The Univer: well. Getty dril a 6,000 foot 2 a $396,000 con’ AMV FM rad When you're ready to like the security of si ment fund! Y nual i ncom -~ — DESERETiz ax 2 3FEDERAL de ‘this a ‘rough season, Kitchen explained. a HOME OFFICE: 44 ane City, Uta Cake 27 S686, Option 3984296, Layton-Kaysvile armington an 753-0610, Brigha: ity 723-8653. Elsewhere in Utah 1 ntaweand Ogden 10am to 3pm Monday andFriday other days 10am. to 6p Mail, Valley Fair Mall, University Mail Cache Vailey Mail 10 am. to $p.m. weekdays, 10 a.m. Spm taneeny |