Image provided by: SEIU Local 503; Salem, OR
About The Oregon state employee news. (Salem, Oregon) 1959-1969 | View Entire Issue (Jan. 1, 1959)
State Employees Get Assistance State and other civil service employees throughout Oregon are relying more and more upon their local credit unions for borrowing or , saving money. This is the concensus of OSEA members who were asked, “Who do you consult with when borrowing or saving money?” Besides finding credit unions more con venient and economical when buying auto mobiles, appliances or other commodities, employees are attracted by substantial divi dends paid on their shares. Recently reporting a gain in assets was the Clacko Credit Union in Oregon City. Only 18 months old, they now have over $70,000 available to members who wish to borrow. They recently voted a 4 per cent dividend on shares, or savings,' of mem bers as of December 31. Directors of the Clacko Union recently announced they are available for speaking engagements at OSEA chapters located in Washington, Multnomah or Clackamas counties. One of their spokesmen said, “We would like the opportunity to show State employees how much more they can save in borrow ing from the credit union/’ During its 22 years in existence, the State Employees Credit Union, in Salem, has loaned in excess of $1,800,000, and has nev,er failed to pay an annual dividend to its shareholders. The Credit Union was established} in 1936 by 33 state employees, Each of the original members contributed $5 to give a beginning capital of $165. Today, the Credit Union is a sound, growing financial institution with a thousand active members, and cap ital in excess of $250,000. ? Most credit unions are providing a Loan Protectioh Insurance coverage, without cost to the borrower, which clears the unpaid balance of a loan in the event of his death. CREDIT UNIONS SERVING STATE EMPLOYEES CLACKO CREDIT UNION (Clackamas County) OREGON CITY, OREGON DOUGLAS COUNTY CREDIT UNION ROSEBURG, OREGON Douglas County Court House 642 S.E. Kane Street Open: 5 P.M. to 7 P.M. Monday thru Friday LANE FEDERAL CREDIT UNION EUGENE, OREGON 339 East 11th P. O. Box 1229 Monday thru Thursday After 4 P.M. Phone: Diamond 5-4353 MULTNOMAH STATE EMPLOYEES CREDIT UNION PORTLAND, OREGON Room 177 - State Office Building 1400 S.W. Fifth "For Savings or Loans — SEE US" Monday thru Friday Noon until 1 P.M. Phone: CApitol 6-2161, Ext. 465 STATE EMPLOYEES CREDIT UNION SALEM, OREGON 518 State Office Building Open 5th to 10th Each Month Noon to 1 P.M. - Tues., Wed., Thurs. also Room 217 Open 5th to 10th Each Month 5 to 5:30 P.M. JANUARY-FEBRUARY, 1959 IMere you EARN MORE SAVE MORE • • • when you save when you borrow . . . and YOU are the owner Since 1936 the State Employees Credit Union has served state employees in The Salem area. To save or to borrow see your Credit Union first. State Employees Credit Union 1158 Chemeketa St. N.E. Office Hours for new applications: 12 to 1, Tuesday, Wednesday, Thursday ---------- . A BENEFICIAL SAVINGS ON NATIONALLY ADVERTISED MERCHANDISE FOR O .S.E.A. MEMBERS. V IS IT OUR CONVENIENT LOCATION IN DO W NTO W N PORTLAND. Bonded Diamonds (Triple Graded) Fine Watches and Jewelry^ Housewares and Appliances Sporting Goods Cameras - Radios Quality Silverware and Gifts IN G T O N PORTLAND 8; O REGO N ) IS GUARANTEED MANUFACTURER Hours: 9 a.m, to 6 p.m. Mon. thru Sat. 9 a.m. to 9 p.m, Fridays PAGE THIRTEEN
