Medford mail tribune., April 20, 1959, Image 7

MAIL TRIBUNf, M.dforJ, Oregon, Mondir, April 20, 1959 7
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llBI Site viw itM teai nit h (I J. C atiiiaTg ?iW'
. You can enjoy the equivalent of money in the bank without depositing a penny!
13. S. National's revolutionary CUSTOM CREDIT gives you a personal line of
credit at the bank that you may draw upon whenever you wish . . . simply by
writing a check. The total amount of your CUSTOM CREDIT may be $400,
$600, $800, $l00O-any amount agreed upon by you and the bank. CUSTOM
CREDIT costs you nothing unless you use it. Then you repay only the amount
used, plus interest, in easy monthly installments.
Custom Credit biiys anything!
Custom Credit la yours to spend for any purpose ...any time! Think of the
convenience of paying for vacations, tuition, taxes, dental and medical expenses, '
auto repairs to name just a few without digging into your hard-earned savings.
If you don't use your line of Custom Credit, it costs you nothing yet it's always
there if you need it. .
Here's how it works
Your line of Custom Credit is easy to arrange. You and the bank simply agree
upon the amount that you can conveniently repay each month, over a 20-month
period. The total amount of your Custom Credit is then based upon 20 times
the agreed-upon monthly repayment (example: monthly repayment of $30,
times 20 $600 of Custom Credit). You can start using'your Custom Credit die
moment your application is approved. You pay nothing until you draw upon
your line of Custom Credit, by writing one or more checks. Then you pay only
the monthly amount agreed upon, which will include the interest charge plus
. 25c for each check paid. Monthly interest is charged on only the amount used at
$1.25 per hundred dollars for the first $500, and 83 cents per hundred dollars
for amounts above that. When the amount used is less than your monthly
installment, you pay only that amount, plus interest. If you write no Custom
Credit checks in any month, and have no balance due, you do not make a pay
ment. You need never pay more than your agreed-upon monthly installment,
even though you may write checks for your entire line of credit. You may make'
larger payments than arranged for, or repay the entire amount owing, without
penalty. r
A revolving line of credit!
You constantly rebuild your Custom Credit by making agreed-upon monthly
payments. You do not have to repay the full amount used in order to write
additional checks. As long as payments are kept up, you are entitled to spend the
difference between what you owe and your total line of Custom Credit.
Checking account convenience
U. S. National's Custom Credit combines a continuing supply of bank credit
with the convenience of a checking account. When your line of credit is estab
lished, you will be given a free supply of checks which carry all the negotiability
of regular checking account checks. Custom Credit is as confidential as it is
convenient.
You get a monthly statement
You select the monthly payment date "most convenient for you. Approximately
10 days before a payment is due, the bank will mail you a detailed statement
showing the payment due, interest charge, amounts of checks paid, any payments
made and the amount of Custom Credit still available for your use.
Your family is protected
Life insurance is carried on the amount of Custom Credit you owe the bank, at
no cost to you. In the event of death, any amount owing' is automatically
cancelled by the bank.
Anyone may apply
You do not have to be a U. S. National customer to establish a line of Custom
Credit. The only requirement is a satisfactory credit rating. You make only on -application,
because Custom Credit is a revolving line of bank credit which may
be used indefinitely.
Your total line of Custom Credit is based upon the monthly amount you arrange
to repay the bank, over a 20-month period. Use the four examples in the table
below as a guide.
A xMttWy pay Mil of
rrof nni wfo
CMfeaCraAral
$20 $30 $40 $50
$400 $600 $800 $1000
MEDFORD
BRANCH
Main at Central
Open to (5 p.m. Weekdays Drive-in
(3 p.m. Saturdays Banking
The U. S. National Bank '
of Portland
Picas send tn a Custom Credit application form.
NAME.
Clip coupon and mail to the U. S. National
branch where you bank, or to the
U. S. National Banking office)
most convenient to you.
ADOKESSL
CITY.
.ZONE.
TTME 0JD30TTE STATES KIATrDONAIL BAM CX off Portland
STATE.