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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 2, 1950)
MEPFOHD (OREGON) MAIL THIBUKE NINE The Bundir. July i. naa Jackson County Federal Savings and Loan Association Southwestern Oregon's Oldest and Largest HOME-OWNED Savings and Loan Institution, Is Celebrating It's 4ht Mil IV ... . to be Climaxed by the Opening of NEWLY REMODELED OFFICES July 7 and 8 It is, indeed, a pleasure to greet tht hundreds of Savings Share Account holders of this association and the peo ple of southern Oregon upon the occa sion of our 41st Anniversary. It is a matter of pride with us that this home owned, government supervised asso ciation has, during the past four dec ades, shared greatly in the growth and prosperity of this community and I ' " jti'',;TWwi: 4, mi ' - area ... in Dunaing ana ouying nun jf "" ''!! dreds of homes for people here, and in w K . ' '' . T i oravidina a safe and orofitable Henosit- ory for the savings of southern Ore gon's thrifty folks. This security has been safeguarded through investments in first mortgages on real property in Jackson County, except for funds in vested in the home office building, government securities stock in the Federal Home Loan Bank and Federal Insurance Reserve. Our reserves have always been far in excess of those required by Federal laws and regulations. Sound businss man agement right here in Medford plus Government supervision under charter by the Federal Government have assured consistent and sub stantial growth for this association. A comparison of our initial capi talization of $25,000 forty-one years ago with the financial state ment published on this page provides a yardstick with which to measure our success. JOHN C. MANN PRESIDENT and DIRECTOR OFFICERS and DIRECTORS i . . - HN . fori i V JOHN C. MANN President W. J. WARNER Vice-President DR. R. E. GREEN Treasurer CLENN 0. TAYLOR Vice-president and Attorney HARVEY J. FIELD Vice-president RALPH BILLINGS Vice-president 0. HILDING BENCTSON Executive Vice - president, Secretary and Attorney JOHN PLETSCH 1st Asst. Secretary MRS. FLORENCE C. FOSTER, Asst. Secretary MRS. VILADEAN BENNETT Accountant MAXINE BICELOW Teller ALICE CROW Public Relations Dept. ANNA BELL BROWN Teller CERALDINE COLLIER Teller LAW OFFICES OF O. H. BENGTSON & GLENN 0. TAYLOR Claudia Lowd INSURANCE DEPT. Maxine Bigelow ESCROW DEPT. Lorraine Abbott Lorraine Abbott Beulah Balderston 41 Years of SERVICE and PROGRESS The Jackson County Federal Sav ings and Loan Association has kept pace with the progress of this fast-growing section of Oregon, and has shared in the satisfying Job of building Medford into Ore gon's fourth largest city. Liberal lending policies consistent with sound business practices have enabled thousands of families to own their own homes. Our safe and profitable thrift sav ings program has made it possible for thousands of people to acquire security and educate their chil dren . . . The remarkable growth of this institution during the past 41 years is ample proof of the soundness of our business policies and efficiency of our operation . . . This is, Weed, YOUR association directed and managed by YOUR neighbors, whose ability and judgment is well recognized. It is YOUR association because of the hundreds who are borrowing and lending their money here . . . Upon the occasion of our 41st anniversary our continued efforts toward the building of a greater, more pros perous community and area, and continued friendly service to its people! Home Managed - Government Supervised! This association retains its identity as a LOCAL institu tion with full direction and management in local hands. Under our Charter, however, we arc regularly examined by the Federal Home Loan Bank. 82nd Semi-Annual FINANCIAL STATMENT June 30, 1950 ASSETS First Mortgage Loans $4,192,235.27 Loans on Savings Accounts 36,898.08 Properties Sold on Contract 551 .77 Real Estate Owned and in Judgment 10,032.54 Investments and Securities 37,200.00 United States Government Bonds 291,227.68 Cash on Hand and in Banks 86,485.30 Office Building and Equipment 30,732.37 Deferred Charges and other Assets 1,181.18 $4,686,544.19 LIABILITIES Savings Accounts $4,257,051.85 Loans in Process 70,309.60 Other Liabilities 21,944.08 Specific Reserves 3,555 66 General Reserves 161,304.34 Undivided Profits 172,378.66 $4,686,544.19 Announcing Our Current Dividend o. 3 Secretaries Beulah Balderston Plan NOW to Attend Our OPENING JULY 7, 7 to 9; 8,2 to 5 Special Favors and Surprises Are Planned Medford Office - 126 East Main - Phone 2-6201 Ashland Agency - 15 North Main - Phone 6261 It's WISE to SAVE! A Savinys Share Account may be opened with this Association in amounts as low as $1.00 to en courage thrift and provide a safe, sure place for local savings. All money entrusted to this institu tion is insured up to $5,000 by the Federal Savings & Loan Corp. ef Washington, D.C. Remember it's WISE to SAVE ... and your money left here will help to build YOUR community! H." T- ill
