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rEDFOttD MATL TRTBUN'E. fEDFORD OI?EGOT. THURSDAY. JULY 8. 1937.
What
He re s
the
FEDERALIZATION
OF THIS INSTITUTION
MEANS TO SOUTHERN
OREGON PEOPLE
Seeking A Safe Investment
or Desirable Home Loans
INSURED SAVINGS
Your lavingf will b Insured np to $8,000 by the
Federal Saviagi and Loan Insurance Corporation,
a federal agency.
SAVINGS PLAN SUITED
TO YOUR NEEDS
Bavtegi may be Invested at regular or Irregular
. Intervals and earnings are compounded semi
annually and allowed to accumulate with the
account .... Lump sums may be invested and
dividends are paid in cash semi-annually.
MONTHLY REPAYMENT
MORTGAGE LOANS
Mortgage loans are made on a monthly repayment
plan, which includes one-twelfth of the annual '
tax, and must be secured by first mortgage liens
upon homes located within 50 miles of the associ
ation's office and in an amount not exceeding
$20,000 on any one property. Surplus funds may
also be invested in Federal securities.
ADEQUATE RESERVES
In order to afford adequate protection for its in
vestors, reserves in an amount of at least B of
the net earnings of the association must be set up
. at each distribution period until the aggregate
reserves equal to 10 of its outstanding capital.
FEDERAL SUPERVISION
The association is regularly examined and super
. vised by the United States Government.
Savings accounts of thia institution arc legal
investments for trust funds.
SEMI ANNUAL DIVIDENDS
Dividends, depending upon earnings, are dlstrib
uted on aocounts on June 30 and December 31
each year. The annual dividend rate cannot be
definitely stated in advance, but tho investor has
the assurance that his fundi will receive the
highest possiblo earnings consistent with tho high
quality of the security in whloh such funds are
invested
WITHDRAWALS
Withdrawals or repurchase of savings in parti
or in full may be made by the association upon
application or after thirty days from the date of
the application, in accordance with the provisions
of the charter and rules and regulations.
Employoos Bonded Every officer, director or
employee having access to cash or socuritios of
tho association must be adequately covered by a
fidelity bond.
O ESTABLISHED
1909
O FEDERALIZED
1937
THE GRANTING OF A CHARTER BY THE UNITED
STATES GOVERNMENT to the JACKSON COUNTY
BUILDING & LOAN ASSOCIATION, MAKING THIS
28-YEAR OLD SOUTHERN OREGON ASSOCIATION A
DERALIZED
WHICH WILL OPERATE UNDER FEDERAL SUPERVISION as the
FEDERAL SAVINGS & LOAN
ASSOCIATION
Under This New Federalization Set-Up This Institution Offers
INSURED SAVINGS AND
LOANS on REAL ESTATE
T
HE conversion of the Jackson C
to a Federal Institution means
desire attractive mortgage loans
investment for their, savings . . .
to this institution the added protection
supervision, yet retains the desirable fe
management. Since 1909, this associ
Oregon . . . the growth of this organiza
has kept pace with the development of
eralized status, this institution will con
munity by receiving savings from local
fair return, and by reinvesting these sav
loans on homes and business buildings.
ounty Building and Loan Association
much to southern Oregon people who
or are seeking a safe and profitable
The granting of a Federal Charter gives
of strict government examinations and
atures of local ownership, direction and
ation has served the people of southern
tion and the expansion of our, service
this city and area! Under the new Fed
tinue to serve the people of this corn
investors, on which they will receive a
ings in sound, well chosen first mortgage
THE BOARD OF DIRECTORS OF THE NEWLY CHARTERED ASSOCIATION
THE MEETING OF THE SHAREHOLDER IS AS FOLLOWS:
ELECTED AT
C. M. KIDD
W. J. WARNER
JOHN C. MANN J. H. FLETCHER
R. E. GREEN GLENN O. TAYLOR C. C. LEMMON
- i "Yesf- S.W-'
----- r
JACKSON COUNTY FEDERAL
SAVINGS & LOAN ASSN.
126 EAST MAIN STREET - MEDFORD, OREGON
A HOME OWNED AND MANAGED INSTITUTION EXAMINED AND SUPERVISED BY THE GOVERNMENT