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