Show Summit Educational Employees Form Their Own Credit Union The llo of the educational education al a groups of Summit County have ha i formed forn their own credit union union- Summit Teachers Credit Union the president Gerald Taylor announced announced an an- today All of the educational educational I lIonal arc are eligible for membership In the new Summit I I I Teachers Credit Union which has ref revived Its charter from the Utah State Banking Department New ew Officers Officers of the new credit union were elected at a membership meeting held June 25 1063 1963 at Wanship Utah They are arc Gerald Taylor president Henefer Elmo Hoyt Kamas Randall Taylor Kamas Other directors elected Marchant Peoa and Maurino Maurine SprIggs Main purpose of the credit union un ion lon is ia to teach Its members the value of thrift by providing them I with I h a convenient co nt place to save Bave together and a source of low cost credit for good purposes It will willbe willbe be operated entirely by the educational educational groups of Summit County A Credit Committee and Supervisory Supervisory Super Super- Committee were vere also atso named at nt the meeting Members of the Credit Committee which will act on loan applications are Chairman Merlin Johnson Coal CoalS yule vUle Orvil Or R. R Kamas and James Santy Park City Members of the Supervisory Committee which will wilt audit the credit unions union's books are Chairman ChairS Chair man James Milliner Peon Peoa Dry Dry- ant Copley and Charles Woodbury Park City Union Affiliated A A. D. D Shepherd director of organization or or- of the Utah Credit Union League L Thc Inc wh who assisted the group In their organization and lind i in iii the development of their opera operating policies welcomed them J ne 25 1963 a ad nS member of the 14 million member credit union movement Mr Mr Shepherd erd s said there thre now are Credit Unions in Utah with th approximately mem memo b bers rs He He S sale l they have havo approximately approximately 7 73 IS million d in as- as i i The Summit County Teachers Credit Credit Union became affiliated with the Utah Credit Union I League Inc w whose o e offices are aro In 11 Salt Lake City Utah |