Iron County Record | 1958-01-23 | Page 5 | National Farm Loan Association Active

'':-:v'j.: I, . v . 7 ; NEIL PETTY Cedar High Ball Hustler National Farm Loan Association Jklive Glen Kenney, secretary-manager of the Cedar CPy National Farm Loan Association, stated that in 1957 the association closed $346,000 In land bank loans. Including $57,000 of refinancing refi-nancing in Millard, Beaver, Iron. Washington and Clark counties. This brought the association's outstanding loan account to $1.-753.000 $1.-753.000 at the end of the year. Mr. Kenney explained that ihe Cedar Ci'y National Farm Loan Association is cooperatively owned by Its member-borrowers and that It Is one of IS similar as-sociatlons as-sociatlons in California, Arizona. Nevada and U'ah, through which the Federal Land Eank of Berkeley Berk-eley m.lkps lnnctprm f.i-m an.l ranch loans. He added that In 1057. the land bank's 40th anniversary anni-versary year, 2,604 loans were made through the associaMor.s o farmers and ranchers in the four states for a total of $56 million Including $14 million of refinancing. refinan-cing. Directors and officers of the Cedar City Association are: Lin-dau Lin-dau Foremas'er. president: J. V Palmer, vice president; Dudk-y Crofts and Bow Nowers. directors.