Terrace Bay Public Library Digital Collections

Terrace Bay News, 16 Dec 1954, p. 3

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i pag eee eh . : Lesaie: He | oe | 7h, Lie yarrine pecembex 5 . g BY THE NAKED "Gparieton He ; parker st 19s 20a EE a nond pecs mist atarrine | iG ne" a joan Fontaine > ' orpricets ; Le Lupine fe : : pecenber Sas ; st cE TO FACE § : : ae Gene Loc 4 Ma 5 1 preston CREDIT UNION COLUMN submitted by Credit Union Secretary How to Get Out of Hot Water There was a man who owed more than his annual income, in small bills and in- stallment payments. "He was over his head", This fellow we!re talking about was in a tight spot. He owed the grocery, the meat store, the doctor, the pharmacy, the car dealer, three personal finance houses and many of his friends. Just about everyone's hand was out when he met them and it wasn't in a gesture of friendship....they had their hands out for a payment of his debts, This is what "His" Credit Union did for him, A. lLoaned him the money to pay off - quick - the debts that carried a higher rate of interest than the Credit Unions, All of the interest loans, in other words. B, Assured the food store, the doctor, 'and the others, small weekly payments until the debts were paid. To be paid from the member's current income, C. Set up a budget for the member's family, and got them gaining instead of losing -in the race with bankruptcy} D. Made the member promise that - until he was out of debt ~- he would make no more installment purchases, or borrow no money from any other sources. It took six years but the cee Union member: made the grade, You can guess from this tale that Credit (Cont. on next col.) Page 3 GREDIT UNION NEWS Unions serve a definite purpose, The Executive of the Terrace Bay Community Credit Union held their first meeting of the newly elected members for the coming year. Vern Hopper was elected President Jim Corrigan was re-elected Vice- President, Adam Zyri was re-elected Secretary and Bill Baillie remained as Treasurer-Manager, also serving on the Board of Directors are Alex Sinkins, Walter Anderson, Ab Farrow, Al Stevens, Francis Gaulin, and Bill Jones, Those serving on the Credit Com- mittee are Ken McKay, Harry Goodfellow, and John Mikus, Those on the Supervisory Committee are Don Brearley, Willard Vezina, and Jim Rowley. o-0--0 NEW YEAR'S EVE DANCE The Terrace Bay Curling Club's 7th Annual New Year's Eve Dance is now only two weeks away. As usual, it promises to be a gala event guaranteed to help you ring out the "Old" and bring in.the "New", A seven piece orchestra under the direction of genial Joe Adamo, is presently in training for the big event. The Boy Scouts will check your coat and sell you soft drinks, There will be novelties and hats for everyone. Make your reservations with Betty Austin in the Personnel Office- Local 216, Make them early as we can only accomodate 145 couples. Parties of from 6 to 12 persons are most desirable but of course we will accept couples or large parties. Tickets, which must . be paid for before December 28th, may be purchased from Betty Austin, Mel Moore, Ned West, Len Crockford or Jim MacDonald, However, all reservations will be handled by Betty and you must have one before purchasing a ticket, So let's get crackin! folks time is running short, Make up a party - line up a baby sitter - phone up Betty. REMEMBER Place - High School Auditorium - December 31st, 1954. Time - LOs30:'to' $100 agit. Admissior. - $3:00 per couple Dress - Optional 0-0-0

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