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About The independent. (Vernonia, Or.) 1986-current | View Entire Issue (Oct. 19, 2006)
The INDEPENDENT, October 19, 2006 Page 5 Business Notes Wauna FCU buys building, plans move to new location in 2007 Wauna Federal Credit Union has purchased the building at 1010 Bridge Street (formerly Mike Pihl Logging) in June of 2006. The new facility will pro- vide an updated environment for financial services with added teller stations and a drive through window. Comple- tion of the new facility is expect- ed early in 2007. A grand open- ing will commemorate the event with invitation to every- one in the city of Vernonia. “It is a pleasure serving the community of Vernonia. We are pleased to upgrade our facili- ties to meet your financial serv- ice needs,” Bruce Mallory, President and CEO. “We are hard at work with the remodeling designs and are looking forward to the move. Our great membership is what Council updated on many projects From page 1 in the community. Harrison added that the community could do better in areas of mentoring youth, providing summer jobs for youth, provid- ing activities for youth and in supporting the VCLC. Mayor Harrison asked for, and received, approval from council to accept the Mayor’s Ball as a sanctioned city activi- ty to raise money (this time) for VCLC, Hands-on Art, and the proposed skateboard park. Chief of Police Mathew Workman told council that there will be police training on October 27, at the Scout Cabin, on outlaw motorcycle gangs and violent prison gangs. Kline told council that the city continues to be on the sec- ond level of water curtailment efforts. The recent rain did Oregon and has branches in Astoria, Clatskanie, St Helens, Vernonia and Warrenton. If you live, work, attend school or wor- ship in Clatsop or Columbia ging has resulted in a decline in timber payments. This is not, by any means, a complete ex- planation of O&C funds. ) The county’s greatest as- sets, VanNatta says, are its re- newable natural resources, ge- ographic location, natural beauty and the under-utilized talents of its residents. The greatest challenges are budget issues, deteriorating roads, the methamphetamine epidemic, and a resistance to change. VanNatta, an advocate of the “slow food” movement, wants to see better utilization of agricultural lands in the future, including job creation and ways to make natural foods available to senior centers. Other jobs could be developed by using locally grown hardwoods in fur- niture manufacturing, he said, although industrial develop- ment will still be needed. counties you are eligible for membership. For more infor- mation, call your local branch or our toll free number 800- 773-3236. There’s money in your home. Lock in a great rate today. bring the river up but the fore- cast does not include more rain so the flow level will quickly drop back down. Work will start soon on pump station III at the foot of Lake- view Drive, Kline told council. He asked all citizens to be sure kids stay out of the construction areas, they can be very attrac- tive to children, but are very dangerous. Kline asked for council consensus to spend $6,000 to put rock on the Cali- fornia Avenue right-of-way. This will make work much eas- ier once the rains start, Kline told council. Council agreed. The Public Works Commit- tee has recommended raising sewer fees by $12.00 per month to pay off an existing $500,000 five-year loan, Kline said. This would pay off the Please see page 28 Candidates: Jeff VanNatta (cont.) From page 4 VanNatta’s volunteer service includes 18 years on the coun- ty planning commission, 14 years with the Northwest Ore- gon Economic Alliance (NOEA), Oregon Forest Research Insti- tute (OFRI) for 13 years, as leg- islative chair for the state Grange, and much more. He is seeking election to the BoC because he thinks govern- ment must be more efficient. “We need to live within the budget that is available,” he said, specifically noting the de- cline in federal O&C funds. ( Briefly, O&C funds derive from logging on federally owned forestlands in Oregon and Cal- ifornia. A percentage of timber sales was paid to the counties where the lands are located, in lieu of taxes that would have been paid by private owner- ship. The decline in federal log- has made this move possible,” Pam Weller, Vernonia Branch Manager. Wauna Federal Credit Union is headquartered in Clatskanie, 6.74 % * Get the convenience of a Line of Credit with the security of a fixed rate. APR 10 Year Fixed Rate Option Equiline Home Equity Line of Credit with Fixed Rate Option features • No closing costs • No points • No fees • Low Rates with Five Star Service Guaranteed How many stars does your bank have? “Come see why we are Oregon’s ‘Number 1’ home equity lender.” Jonathan Farmer Personal Banker Vernonia Branch 503-429-6271 usbank.com | 888-444-BANK (2265) ext. 4100 *The 6.74% fixed Annual Percentage Rate (APR) is available for terms up to 10 years, loan to value (LTV) of 80% or less. This loan is a Fixed Rate Option within a U.S. Bank Home Equity Line of Credit. Higher rates apply for higher loan to values. For example: a $10,000 Fixed Rate Option for 120 months at 6.74% APR, monthly payments would be $114.77. The Annual Percentage Rate (APR) on the variable portion of the line will vary at Prime Rate as published in the Wall Street Journal. As of September 18, 2006, variable rate for line of credit is Prime + 0% to Prime + 3% (8.25% APR to 11.25% APR). The rate will not exceed 25% APR. The floor rate is 4.99% APR. An annual fee of up to $90 may apply after the first year. The first Fixed Rate Option is free; each additional one is $50. Offer is subject to normal credit approval. Property insurance is required. Interest on amounts exceeding 100% of the available equity is not tax deductible. Consult your tax advisor regarding the deductibility of interest. Rates are subject to change. Some restrictions may apply. Home Equity loans and lines of credit are offered through U.S. Bank National Association ND. Member FDIC.