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B. C. CREDIT UNIONIST 96 EAST BROADWAY VANCOUVER 10, B. C.

This magazine is being sent to you with the compliments of the

Vancouver Provincial Civil Service Credit Union

YOUR CREDIT UNION OFFERS

1. Life Insurance on Share Savings. J 2. Low cost Life Insured Loans. J

(Enquire about the Y2 % interest plan)

3. Convenient Pay-day loans. J 4. Fast convenient service. J

Vancouver Provincial Civil Service Credit Union

1021 West Broadway, (at Oak St.), Vancouver 9, B.C. Phone RE 3-9510

OFF ICE HOURS-10:30 a.m. - 5:00 p.m. Tuesday thru Saturday Closed l :30 - 2:30 daily. Closed Mondays

VOLUME XXll, No. S SEPTEMBER, 1963

~ove r Story ..... __ ----·· ____ ________ __ ------_________________________ _ ... __ ... __ . Page 6

C His'.' and "Hers" Budget ... --- ------------------------------- -· ··----···Page 4

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INSURANCE PROTECTION ON YOUR

• Home

• Auto

• Furnishings

• Boat

• Trailer

• Personal Liability IS AN

INVESTMENT IN SECURITY Investigate to-day the coverages provided by your

CO-OPERATIVE FIRE AND CASUALTY COMPANY

Our trained Insurance Representatives wi 11 be pleased to discuss your insurance requirements

Co-Operative Fire & Casualty Company Room 13-96 East Broadway Vancouver l 0 , B.C.

Phone 872-7454

OT HER OFFICES AT: Abbotsford, Campbe ll Rive r, Chill iwock, Cloverda le, Dowson C reek, Duncan, Grand Fo rks, Mission, Nonoimo, Port Alberni, Prince George, Prince Rupert, So lman Arm, T errace end Victoria .

B.C. CREDIT UN IONIST - SEPTEMBER, 1963

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There are people who join a credit union with an eye to low-interest loans and nothing else, but sooner or later most of these people become indoctrinated with the credit union philosophy and find themselves SERVING their fellow members, willingly and even eagerly. There's something about the credit union that seeps into even the most case-hardened shell .

We say there's nothing like it. It's unique, different, rather wonderful.

Certainly, if you need money there are other places to get it. Banks and finance companies will be glad to loan you money, IF you have adequate security. They're not concerned with you, personally, or your problems, but with your ability to repay the loan with interest . They're not in business, primarily, to help people, but to make profits. You can't blame them for this. Business is business, and the motif here is PROFIT.

Being a non-profit organization, your credit union is not so concerned with the security you can offer as with you, as a person. The members of your credit union are your friends, they work with you, live in the same community, go to the same church. They KNOW you, and they know if they can help you in your dif­ficulties, you in turn will help them. They are willing to help you in every way they can, with a loan, with financial counselling, with their friendship. The motif here is SERVICE.

THE B.C. CREDIT UNIONIST Official organ of the B.C. Credit Union League

Room 14--96 East Broadway, Vancouver 10, B.C. Member: Co-op Editorial Assn.-B.C. Industrial Editors A ssn.

Managing Editor, Jea n Haynes; Assistant Ed itor, Mary Maharg Advertising rates on application to the League

Authorized as Second Class Mail by the Post Office Dept., Ottawa, and for the payment of postage in cash .

B.C. CREDIT UNION LEAGUE. A no n-profit organization, fo rmed to organize and assist credit u nions. A. H. W. Moxon, President ; S. Stonier, First Vice-President ; A. L. Gladu, Second Vioc-Presidenl. Managing Director, R. A. Monrufet - B.C. CENTRAL. A credit union which serves credit unions a nd cooperat ive organizations. Manager, J. R . Robinson. - CU & C HEALTH SERVICES SOCIETY: A medical plan for British Columbia with comprehensive coverage for medical and surgical services, Manager, J . H . Corsbie. league - TR. 9-S73 J, Central - TR. 6-5521, CU&C - TR. 9-571 1.

~ PRI NTED B Y PRICE PRINTIN_G LTD,

B.C. CREDIT UNIONI ST - SEPTEMBER, 1963 3

"His" and "Hers"

Family

Budget

Plan

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People want many things from a mar­riage. As husband and wife they want to find happiness. As parents they want to give their children every possible advan­tage. And as a family unit they want to be financi ally independent-to enjoy a good standard of living and a reasonable degree of economic security.

Family happiness depends largely on how successful people are in achieving these ambitions. The amount of income is not the most important factor. One need only read his daily paper to know that people with high incomes have fami ly problems, too. The key seems to be in planning family spending-in budgeting.

A family budget plan adds to the security of family relationships. It elim­inates doubts, distrust, and baseless fears. It helps get the most from r esources and still maintain a safeguard against emer­gencies. It helps poeple Jive more fully in the present even while they are pre­paring for the future.

The easiest way to follow your b udget is the D ivided Responsibility Plan. This p lan divides money management respon­sibil ities, like towels, into "HIS" and "HERS." In some households, the hus­band or wife assumes all the responsibil­ity for budgeting and spending all of the family income. Such a system, however, excludes others in the family from shar­ing this important family responsibility. Budgeting should be a family activity, shared with the children who are old enough to understand. These ~hildre.n should have an opportunity to voice thelf needs and wants and to experience the financial realities of planning family spending.

Budgeting need not be tedious or time­consuming. Many families today prefer the Divided Responsibility Plan to help solve the budgeting problem. Under tb_1s plan, a Round Table Conference, in

which the ent ire family participates, can serve to budget income into broad cat­egories of expenses and savings. The wife then assumes responsibility for spending the amounts budgeted for Food, House­hold Operation and Clothing, while the husband handles the money for Shelter, Transportation and Personal Advance­ment.

B.C. CREDIT UN ION IST - SEPTEMBER, 1963

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"HIS" SHELTER:

Rent or that part of payment on home which is applied to interest, repairs and property improvement, real and personal property taxes, fire insurance, etc. TRANSPORTATION:

Carfare, automobile payments, auto in­surance, repairs, tires, gas, oil, upkeep on car, etc. PERSONAL ADVANCEMENT:

Health, health insurance, education, recreation, vacation expenses, newspap­ers, magazines, books, hobbies, dues, membership fees, church contributions, charity, personal allowances, entertain­ment , etc.

It may be necessary to keep a strict day-by-day account of your spending for a month or two to see how much is spent on the various items listed. No two fam­ilies have the same tastes or spending pat­terns. A budget will only help you get the most out of your resources in terms of things that are important to you. You might have heavier house payments than the Joneses, or you may prefer to spend more on vacations, and they might spend more on clothes or car payments.

For example, let's take a family of four with take-borne pay of $394.50. Of this, the lady of the house would oversee the spending of the "HERS" items: food ($1 05), house operation ($40), and cloth­ing ($43.75). "HIS" areas would include: shelter ($89), transportation ($35.25) and personal advancement ($51.25).

This hypothetical family would have total HIS and HERS expenses of $364.25 - leaving total savings of $30.25, which is "THEIRS."

If this family was committed to mak­ing a large monthly payment on a new automobile, however, the transportation expenses would be considerably over the amount allotted-and spending would have to be cut in some other category to balance the monthly budget until the car was paid for.

The important thing is to get your fami ly's spending pattern down on the simplified worksheet . Keep detailed rec­ords just Jong enough to accomplish this, then let the system run itself for as long as the family can stay with in its limits.

B.C. CRED IT UNIONI ST - SEPTEMBER, 1963

"HERS" FOOD:

Groceries, meat, milk, vegetables, fruit , etc.. cost of I u nches and all meals out.

HOUSE OPERATION: Fuel, light, gas, telephone, water,

household supplies, cash or credit payments for household furniture and equ ipment, appliances, draper­ies, li nen, etc.

CLOTHING: Clothing for all members of the

fami ly, dry cleaning, laundry re­pairs, pressing, miscellaneous ac­cessories, etc.

Another important thing is to allot a percentage of your income for savings before you portion it out for spending.

This system not only helps end those nickel nightmares, but the shared re­sponsibility concept is much more con­ducive to marital harmony than the o ld system- whicli cast e ither husband or wife in the unpleasant role of fami ly "fuss budget."

Prove It Yourself Often when buying household appli­

ances, the "carrying" charge for term payments seem smaller than the interest for a credit union loan. That was the thought of one of our members when he bought a $150 article.

When he had completed the payments, the contract was handed to him along with his list of payments. He figured the cost of financing the deal at the store and found that over and above the price of the art icle he had paid 17 dollars and some odd cents. On looking at his credit union pass book, he saw where he had borrowed $1 80 and made exactly the same repayments, YET THE LOAN HAD COST LESS THAN EIGHT DOL­LARS AND HAD BEEN INSURED.

This member is willing to show the contract and pass-book to anyone who wants proof.

-Contributed by Stelco Employees Credit Unio n, Hamilton, Ontario.

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COVER STORY

Join the Credit Union and See the World

There are lots of good reasons for join­ing a credit union, but Lorraine and Verna Roberts, daughters of Mr. and Mrs. John Roberts of Vernon, had thei r own special reason. They knew that sav­ing through their credit un ions would help them realize a dream they had cherished since they were little girls.

They wanted to travel. Lorraine, who belongs to Vernon and

D istrict Credit Union , went to work for a plumbing and heating company when she left school, and with in a year was winging her way to glamorous Hawaii for a vacation trip-with the help of the credit union. She enjoyed it so much she determined to save for another tr ip­this t ime to Europe. Verna, who works for the Northrop Architectural Systems, wanted to go with her, and was easily persuaded to join Vancouver C ity Sav­ings Credit Union as the first step in their plans.

Both girls saved regularly in their credit unions. To augment these savings, they took a job as caretakers in an 11part­men t bui lding and worked in the even­ings scrubbing floors, polishing halls and answering complaints of tenants.

F ixing leaky taps and loose door knobs, collecting rents and baby-sitting for tenants- these and all the other myriad jobs connected with running an apartment were vast ly different from of­fice routine, but the gi rls worked with a wi ll , and after a year they earned their reward . They had saved enough for their European trip.

In July, they left by air from Vancou­ver, via the polar route, to London Air­port and then to P aris, where they visit­ed the international office of Verna's company. Their itinerary includes Lisbon, Portugal and Barcelona, Granada and Madrid in Spain, then the French R iviera, In to I taly, and north to Switzerland and Germany. Other continental points are Copenh agen, Brussels and Amsterdam , from where they wi ll go to Prestwick, England.

Morayshire, in the north-eastern part

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of Scotland, is the birthplace of the sis­ters' grandmother and they plan to travel in this area, after which they will pro­ceed south into E ngland for a visit to their father's birthplace in Leeds and the graves of their ancestors in Wales.

They p lan to be home by the first of October, ready to start to work again af­ter a wonderful two and a half months holiday. Ready to start saving. again, in their respectiYe credit unions, for another wonderfu l trip- somewhere, sometime!

Attends CUNA School

Discussing the Credit Union Yearbook with school director, James Lichty (right) is Miss M. Whitehead of the Brit­ish Columbia Credit Union League. Miss Whitehead is one of approximately 230 students who attended the two-week school being held at the University of Wisconsin in Madison. The school is sponsored joint ly by the University and CUNA.

M iss Whitehead was one of 65 gradu­a ting seniors of the tenth annual school. The school, sponsor ed by CUNA and the University of Wisconsin, was attended by 2 18 credit union personnel who studied credit union management for three years during which they attended two weeks of formal classes on the U niversity campus each year.

B.C. CREDIT UNIONIST - SEPTEMBER, l 963

J. Orrin Shipe Named Managing Director of CUNA

J. Orrin Shipe of Madison, Wisconsin, has been appointed managing director of the Credit Union National Association by the executive committee at its quar­terly meetings.

Born in North Dakota, and a graduate of the University of Buffalo, Shipe has been assistant managing director of CU­NA since May 1956, and was named acting managing director in January of this year. He has been active in the credit union movement since 1934, when as a 21 -year old employee of an insur­ance firm, he helped to organize the Buffalo Insurance Federal Credit Union. He was the first treasurer of this credit union, and later its president. Helping to organize other credit unions, he gave in­creasing service to the movement through­out the state, serving as president of the local chapter of credit unions, and as a director of the New York State Credit Union League.

Shipe joined the CUNA staff in 1939 as a field representative, responsible for organizing credit unions. From that post, he was named first education director for CUNA. He also served as editor of CUNA's monthly officer publication, then called the Credit Union Bridge, and held other responsible positions with CUNA and its insurance affiliate, the CUNA Mutua l Insurance Society. Dur-ing World War II, he served in the US Navy.

CUNA DISPLAY TO HELP LIBRARY-Mrmici-

( pn/ librarian Bernard Schwab. right of CUNA 's "hometown ," Madison, Wis .. tells Managing Direc­tor J. Orriu Shipe how his library will use a set of

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disp 'aJ1 units do11ared co it by CUNA . Each of the three T-shaped tlisp/ay units, which were no longer 11.red /;y CUNA, fea·ures walnut framing. brass supports , a colored fiber-glass canopy, and iuter­clinnReab/e display unit.<. Schwab said tire librttry Would hm·e many uses for the displays.

B.C. CREDIT UNIONIST - SEPTEMBER, 1963

Visitor from Trinidad

Assistant secretary of the Credit Union League of Trinidad and Tobago, Mrs . Elsie Moore, has been visiting this con­tinent on an Educational Course ar­ranged by the World Extension D epart­ment of CUNA. She went through an orientation course at Madison, studying various facets of credit union work, in­cluding Public Relations and CUNA Mutual Insurance. ·

Industria l credit unions in Trinidad are firmly established but Mrs. Moore .is in­terested in seeing credit unions made available to those people who do not be­long to industry, and so is making a study of our community credit unions. She spent some time in Port Alberni studying a large community credit union in operation, and said she had learned a great deal there .. Alberni's School Sav­ings Clubs and Student Loans ·she found particularly interesting.

Trinidad has 238 credit unions on char­ter, Mrs. Moore says, but not all are functioning. There are 85 in the League, with about 16,000 members.

Mrs. Moore, who lives in Trinidad's cap\tal city, Port of Spain, is an at­tractive brunette, very youthful looking to be the mother of five chi ldren . She says she has en joyed. her visit to the United States and Canada very much, and has found the people she has met very friendly and helpfu l.

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No Consumer Credit Committee Until Fall

OTT A WA- The proposed joint senate­commons committee on consumer credit will not be appointed until early October, when parliament reconvenes following its summer recess. Debates on Senator David A. Croll's F inance Charges Disclosure Bill and the eight bills now before the commons on various aspects of interest and consumer credit have all been ad­journed until then.

85 % of Borrowers Termed A Credit To Their Credit Ratings

TORONTO-Writing of Canadian bor rowers .in her twice-weekly credit ser­ies in the Globe and Mail, Betty Lee re­ports that 85% of them are honest and meticulous abou t meeting their comit­ments; l 0% are forgetful, sloppy man­agers, compulsive shoppers, or out-and­out thieves; and 5 % are victims of gen­uine misfortune. Most of this 15% tota l will eventua lly pay up, she adds-usually through garnishees or the efforts of col­lection agencies.

Community CU Loan Finances International Film Venture

WOODSTOCK-Ken Poste, former W0<;>dstock photographer and Jong-time member of Rochdale Credit Union, bor­rowed from his credit union to help fi­nance some of the equipment he needed to film a 39-week documentary TV series for children which wi ll start on the CBC network in October.

Poste spent six months fi lming 13 segments of the series in western Can­ada, Europe, the Caribbean and South America, and is now completing the job in Africa, the Far East, and the Pacific.

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Save Regularly-Like In CU's HAMIL TON-Syndica.ted columnist

Heloise, whose helpful hints appear in newspapers throughout Canada and the Uni ted States, recently advised a group of housewives who wanted to know how to save to consider regular savings as a bill, to be paid first out of every pay cheque, and then to budget the rest. Many people tell me, said Heloise, they save th is way in company credit unions or other types of savings accounts.

CU's Termed Child Prodigies TORONTO- Citing the growth of

credit unions in Canada, a wr iter for Maclean's magazin e terms them "the child prodigies of the credit world." The lead article in the magazine's Aug. 10 is­sue examines the tremendous growth of consumer credit in Canada- up 80 per cent over 1955 - and points out that credit unions offer Canadians one of the lowest lending rates available.

Full Disclosure Needed

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TORONTO-An investment company vice-president appearing before Ontario's select committee on consumer cred it said bank interest, often bel ieved to be 6%. was really somewhere between 11 and 13 % a year. Banks should be made to "tell people exactly what interest r ates ( they are paying for a loan," he said, and added "The most important phase ~f protecting the public's interest today ts true disclosure of the rate of interest charged on any loan."

B.C. CREDIT UNIONI ST - SEPTEMBER, 1963

CREDIT UNION PICNIC

Hume Park in New W estminster was the site af the picn ic on August 25th . Races-for toddle rs, teens and twenties, guessing contests, horseshoe pitch, and program prizes and the WESTCU draw kept everyone busy- sponsors were the six lawer mainland chapters.

Largest credit union family present.

Orange scramble.

Popular three-legged race.

B.C. CREDIT UN ION IST - SEPTEMBER, 1963

Y oungest mem ber present.

Oldest gentleman member present.

From farthest away (Glasgow).

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THE ANSWER MAN

QUESTION:-There are so many investment plans

offered to. workers now-a-days that I can't help wondering just what are the advantages of credit union endowment plans today. ANSWER:-

The self-endowment plan pioneered in British Columbia in the early f ifties and refi ned into the fifteen year endowment of today was primarily intended to give members an opportunity by regular sav­ings to build up savings. T hey are not a gimmick, a giveaway or a gift . The member pledges r egular savings. The cr edit u nion uses the savings to make loans. The earnings pay for insurance on both savings and the unpaid portion of the endowment. People just don't seem to be able to save consistently unless they have a duty to save. Signing the en­dowment contract is one way of p ledg­ing regular savings. While the insurance on shares and loan is a p leasant bonus, the main va lue of the endowment is in creating a regular pattern of savings which grows into $2000 in fi fteen years by deposit ing $10 per month. QUESTJON:-

What are the advantages of belonging to a credit union? ANSWER:-

The opportunity to be a part of your own banking business, in an organization which is run by you with your co-work­ers and friends and neighbors. Because credit unions are co-operative they arc only concerned with serving their mem­bers. not with making a big profit. Any surplus left at the end of the year is r e­turned to members after reserves are set up. If you ho ld shares in any m ining company or large corporation you know just how litt le control you can exercise through those shares. It is different with the credit un ion. Regardless of the num­ber of shares yoLt hold you have one vote, and so does each member. Control is by the membership, not by the large shareho lder.

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QUESTION:-Every time I look at a budget it seems

to me that the way budgeteers divide the "p ie" (my wages) isn't practical at all. How come?

ANSWER:-A verages are created by taking a

number of examples-for instance s.ome­one might spend 500.00 o n clothing, an­other 250,.00, a third 300.00. Out of those three the average would be the total divided by three-$350.00- which isn't any of them. (Isn't that compli­cated?) QUESTION:-

My brother-in-law would like to join a credit union, but doesn't work at our plant. He can't join our group, how can I find out, what credit union he can join? ANSWER:-

Contact the B.C. Credit Unio n League, at 96 East Broadway, Telephone TR9-573 1. They will tell you what credit unions he is eligible to join .

QUESTION:-! have fixed expenses, insurance, taxes,

license etc. that come up year after year. My insurance and license come due right after Christmas. My taxes are due just when I am supposed to take my holidays! Is there any way T can arrange payment on these a li ttle Jess painfu lly than at present?

ANSWER:-Many credi t unions have developed a

plan for their members to cover these constant expenses. U nder this you figure out the approximate cost of the insur­ance, taxes, etc. You arrange a Joan with the credit un ion to cover them, divide the payments in to twelve and make your regular monthly deposits into the credit union to apply on them. The credit union simply pays the bills for you as they fa ll due. The beauty of th is is, of course, first that you are only paying interest on the actual money you owe the cred it union, and second that the loan is insured .

B.C. CREDIT UNIONIST - SEPTEMBER, 1963

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Why Save? Many times you will hear people say,

"why save? You might just as well spend your money and enjoy it while you can." Well, to a degree they are right. A person should never get to the place where they wi ll forego everything in life just to save money but at the same time it is a wise person who sets a li ttle aside for emergencies. It is true on our present salary it is pretty hard to save very much but at the same time there is hardly a ma n or woman among us who could not save a little every payday if they really tr ied. It is not the person who saves spasmodically that builds up his account but the person who saves sys tematically. We have many members who every payday put in a regular amount such as $2, $3 or $5 . Some of them have already saved $500 to $600 by sticking to this systematic saving pro­gram. Why don't you start building your account now so that you will have a little nest egg to fa ll back on in case of emergency? It's a good feeling of secur­ity to have a little extra in your savings account and it's really easy to s1ve once you set your mind to it so why not start th is payday and systematically b uild up that account?

Your Savings Help Your Fellow Man

What do you th ink happens to the money you deposit in the credit union? Does it lies around in cash in a vault somewhere unt il you want it back again? Not by a tankful, it doesn't! It's very, very b usy!!

Just for fun, let's imagine what might happen to a typical savings deposi t of­say, five dollars.

One dollar of it, together with other savings do llar s, migh t help one of your buddies pay for an operation for his wife. Another dollar might help another friend pay some bills which have been worrying him and hampering h is work. Another do llar might help someone buy a badly needed car. Another might help fin ance a college education for the son or daughter of the man you eat lunch with . The last dollar might help pay for a vacation .

These are all things that people need money for- even you, someday, perhaps. You, like your fr iends, can get fi nancial help through your credit union.

But the big point is this: The credit un ion is only the vehicle for providing the fi nancial aid. The real helping hand is actually yours, yours and those of the thousands of other credit union mem­bers who let us use their money while they don't need it.

" A DI GNIFIED SERVICE AT A CONVEN IENT COST"

Chapel of Chimes HARRON BROS. LTD.-FUNERAL DI RECTORS

SS East 10th Ave. Vancouver, B.C. TR. 6-8877

EARN • • • Phone or Write .

SAVINGS CERTIFICATES

50/o - 51/2°10 - 6 °10 B.C. CO-OPERATIVE WHOLESALE SOCIETY

6451 Telford Ave., Bvrnoby 1, B.C. HE. 1-5521

B.C. CREDIT UNIONIST - SEPTEMBER, 1963 11

SHARING THE FOOD DOLLAR Although consumers' take-home pay

jumped 50% in the 10 years up to 1960, Canadians, as a whole, are spending a smaller proportion of their incomes on food. In 1930, we spent 28%; in 1940, 23%; in 1950, 25% and in 1960, 23 % .

Farmer's Share of Food Dollar For each $1 that the consumer spends

on the following food items, for example, the farmer's share is:-

Beef-57c, Fluid milk-53c, Butter-80c, Broiler chicken- 57c, Potatoes-42c, Fresh apples-3 1 c, Grade A Large eggs-67c, Bread-1 11h c.

The remainder of the consumer's food dollar goes to pay transportation, pack­aging, processing, who lesalin g, r etailing and other charges.

But the farmer's share of the retail

value of the food that he produces is shrinking. In 1950, his share of the consumer's dollar was 58c and by 1960 it had dropped to around 44c. The reason for this drop is that while the farmer receives no more for h is produce today than in 1950, the consumer pays more for his food because of increased costs of processing and marketing, and extra services (new buildings, automa­tion, parking lots, trading stamps, etc.)

F ood Costs Rise Proportionately Less Compared with those of some other

items, our food costs have risen less since 1950, according to the consumer price index. For all food, the increase in cost to urban dwellers du ring the 1950-60 period was 19% . For rent it was 32 % and for medical care, 63 % .

For Your VACATION We Offer

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900 sq. f t. Tent ing Space • 450 f t . safe Sandy Beach

Mode rn Bathroom Faci lities • Governmen t A pproved Dr inking W ater

Recrea tional Hall • Qu iet, Restfu l, Off t he Highway

"Please Write for Free Brochure • E thel and "Van" Van Duzee Your Hosts

VAN ACRES CAMPSITE OSOYOOS, B. C.

DO YOU BUDGET YOU CAN FO R

MEDICAL BILLS C.U . & C. provides benefits AT COST!

Enquire today. Call or phone

by joining

C.U.&C. ( 1) Th ree plans fo r Individual families

(2) Comprehensive coverage for grou ps

(3) Also Wage Indemnity for grou ps

C.U.&C. HEAL TH SERVICES SOCIETY RM. 21 , 96 EAST BROADWAY VANCOUVER 1 0, B.C.

Telephone: 879-5 711

B.C. CREDIT UN IONIST - SEPTEMBER, 1963

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New Angle You can scare people by being too

good to them. A very fine credit union was called

on by a young couple interested in get­ting about $1500 for a home modern­ization loan. Intelligent people, good in­come, not too well informed about the credit union.

Could they get that much money from a credit union? "Indeed you can."

When could they get the money? "Oh, this afternoon if there is any hurry."

Would they have to deposit any bonds or other securities? "No, just a few sig­natures will do the trick."

So the young couple went elsewhere for their money. Must be something fishy about an organization that doesn't make more fuss than that over a $1500 deal.

Dirty Pool? T he harried treasurer had a sudden

idea about how to deal with one of those slow-pay borrowers who was all prom­ises and no performance.

Our man called him up and simply said: "George, if I don't get those over­due payments on your loan by Friday night, I'm going to notify. your oth~r creditors that you have paid the credit union in full!"

Scient ists have discovered that germs live on dollar bills. We doubt it. Noth­ing, not even a germ, can live on a dol­lar these days.

With prices what they are today, half the world doesn't know how the other half lives.

FOR SA L E 2 Bank Tellers' Counters and wickets­steel gri lls ond g lass enclosed-5 ' x 3 ' x 42". The Counters f it together . Eoch section hos 2 lorge money-drowers (l ocks ond keys), 4 sma ll er drowers and a double shelf underneath with s liding doors. The glass enclosures o re 2 1" obove counter .

1 Counte r-9' l 0 " x 21 " x 42" - to motch the obove. The inside is open with shelves- the entire length for storage. The outside is of light ook veneer ond t he top is of green compos it ion. 1 Steel Sto rage Cabin et (5 shelvesl- l 8 " x 36'' x 72". 1 Steel Storage Cabine t (5 she lves)-20" x 37" x 72" . 2 High-Top Desks- 2'3" x 5 ' x 3'8Y2" .

Slonting top of green composition ond 2 1 Flexoline visible index-desk type-lorge drawers . holding up to 1400 strips.

OFFICE SPACE FOR RENT to suitable tenont. From 600 to l 000 squore feet , incl ud ing counters ond Board room. Arrongements con be mode for use of equipment including bookkeeping mach ine.

VANCOUVER SAFEWAY EMPLOYEES CRED IT UNION 433 West Broadwa y, Vancouver 10, B.C. TRinity 6-2155

B.C. CREDIT UN IONIST - SEPTEMBER, 1963 13

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EDUCATION AND THE DOLLAR BY EYEL YN BOURCHIER

How difficult it is, here at the begin­ning of August, lo bend one's thoughts to the excitement (plus expense) of school opening.

Personally, I must admit to having harboured a certain lack of enthusiasm school-wise, probably related to a dis­taste for discipline; but, even so, there was something about the first day of the fa ll term . . . the cool touch of new pages . . . the recognition of familiar faces in a new c lassroom.

The cost of education in those pre­war days was for most people not the problem it wou ld be today. Jn our area the lack of money was happily met by better job opportunities than most places had at that time. Most young people could look forward to some sort of recent paying future that did not require anything more tha n a high-school di ­ploma. The age of the self-made man was not quite over.

After the war came that new monster , automation, The cost of the new ma­chines was offset by their untiring speed and phenomenal production. Machines are doing away wi th drudgery-as well as the pay-cheques that go with it. Today's world needs more than a strong back and wi llingness to prove oneself on the job. Today there must be some indication of one's potential in order to compete in the job market at all - a certificate, a diplom a, a degree.

14

WANT TO MOVE ANYWHERE?

Phone MU 4-1404 We are agents for North American Van Lines, and can arrange your move-ANYWHERE!

FOR A WIFE APPROVED MOVE contact

BOWMAN CARTACiE & STORACiE LTD.

839 Powell St., Vancouver 4, B.C.

Most of us are concerned about this increasing relationship between educa­tion and the dollar. Most of us still ad­mire the concept that the object of an education is to become a better m an, and as a corollary to this, to better serve one's neighbour. While our crowded job market bas made it possible to require a diploma to wa it on tables, educators worry Jest our educational standards be lowered. The controversy rolls back and forth leaving undiminished the demand for more and more training.

Credit unions have to decide where they will fit in this new picture. The man whose father borrowed $50 from the credit union to buy a cow may well be faced with a debt a hundred times that sum to educate his son or daughter. Some credit unions have already worked out plans to meet the need. Other s are doing some hard thinking about it. Certainly more a ud more of our time is going to be given to this question.

FOR SALE LOT IN PARKSVILLE suitable for apart­ment block, next to school and shopping centre. Has small cottage on it- full price $4,000. Arnie Van Horne, Box 100, Coombs, B.C. Phone 752-9570.

OLDER TYPE TWO bedroom home on highway at Na noose on half acre .. Close to fishing and beach $3,900. Arme Van Horne, Box 100, Coombs, B.C. Phone 752-9570.

FOR SALE-Auto Court 5 units-2 rooms furnished-showers, toilets, propane ranges, and Heaters on Main Street of Terrace, $45.000. Cash price $42,250. Carl G. Muller, Box 375, Terrace, B.C.

FIVE ACRES on black top airport high­way $1,000 per acre, with power line and telephone lines beside highway. Water and timber on land, good soil. Carl G. Muller, Box 375, Terrace, B.C.

$13,200- 5 b.r. basement view home-2125 Newport Avenue. Auto. Gas Heat. C.T.M. of $86. P.I.T. 55' Jot. Telephone FA 7-1481.

B.C. CREDI T UN IONIST - SEPTEMBER, 1963

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Have You Changed Your Address Recently?

If so, please fill in this coupon and mail to the

B.C. Credit Union League, 96 East Broadwoy, Vancouver 1 0, B.C.

Name ............................. ......................................... ....................................................... .

Address ........................................................... ............................................................... .

Credit Union .................................................................................................................. .

FOURTEEN MILES east of Mission 60 x 250 lots- $350 each. Electricity, low taxes, groceries delivered weekly. Quiet, treed homesites for I 0 thrifty couples. Phone 526-520 l.

WANTED - Commemorative Coins - J. Haynes, 5570 Blenheim , Vancouver 13.

FOR SALE- Almost new summer home, waterfront , southern exposure, good an­chorage. On Protection Island just off Nanaimo. F ull price $6,500. G. Halkett, 145 Garner Crescent, Nanaimo, B.C.

WANTED- Books-Medical, Canadian and B.C. historical, non-fiction. Write details and price to Editor, Room 14- 96 E. Broad­way, Vancouver 10, B.C.

RUBBER

Swap and Shop If you wont to SWAP, SELL or BUY send your ad copy (maximum 25 words) and $1.00 ta Advertising Dept., B.C. Credit Union League, 96 E. Broadway, Voncouver 10, B.C. Deadline 12th.

-FOR SALE-6 room house, some furni­ture, extra lot. Two blocks from higbway near Pattullo Bridge. Full price $6,500. $500 down, rest on terms. Phone TR 6-1708 or TR 9-1189.

BE YOUR OWN BOSS-Mill, on 30 acres land, two bedroom home. Farm machinery, misc. equipment. $14,000. Roy Hubbard, Errington, B.C. Phone 248-6508.

FOR SALE-Stauffer reducing machine, like new, also white roller skates size 5. TR 4-9648 until 9 p.m.

ST AMPS FOR ALL PURPOSES

SEALS STENCILS SUPPL I ES

WESTERN ST AMP WORKS 346 West Broadway Vancouver, B.C.

Mt. Pleasant Chapel FUNERAL SERVICES

TR. 6-2161 - 6-2162 Kingsway at 11th Avenue

B.C. CREDIT UN IONIST - SEPTEMBER, 1963 15

B. C. CREDIT UNIONIST 96 EAST BROADWAY VANCOUVER 10, B. C.

Let's all celebrate

INTERNATIONAL CREDIT UNION DAY

Each year on the third Thursday of October, 17 million credit union members around the world give special recog­nition to the many benefits made possible by credit unions. Credit union members save together and borrow for useful purposes at low cost. They are the owners and operators. Any group with a common bond of association (employment, church, club) can form a credit union.

HELPING HANDS IN MANY LANDS L"ENTRE-AIOE N'A PAS OE FRONTIERE MANOS QUE AYUDAN EN MUCHAS TIERRAS

INTERNATIONAL

CREDIT UNION

DAY THURSDAY OCTOBER 17 1·111:

f I

UNIONIST

INTERNATIONAL ISSUE

VOLUME XXI, No. 18 OCTOBER, 1963

The Glory of Levis ......................................................... . Page 4 Malaysia and Africa ...... ........... ........ .. .... ... ....... .... ..... ...... Page 7 Around the Globe ............... .............. .. ............ ....... .......... Page 8 Around the Province ..... .. .............. .................. ......... ..... ... Page 12 Trek to Burton .. .. .................................. ..... .............. ....... Page 14

...... --.... /~~~":'\ ··--· ·" · ·. : -: . ·. ~ : \_ '~· l .... ~····!._,:;· ................ ~'