Newspapers / The News-Journal (Raeford, N.C.) / Jan. 7, 1971, edition 1 / Page 12
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w Open A SAVINGS ACCOUNT NOW LOAN ASSN. RAEFORD SAVINGS and STATEMENT OF CONDITION Haeford Savings & Loan Assn. of Raeford, N. C. as of December 31, 1970 ASSETS 1 Hh ASS(X'IATION OWNS: Cash on Hand und in Bank* $68,643 Stuli! of North Carolina and U.S. Government Hor.di $0,000 Stock in federal Home Loan Hank 23,000 Mortgage Loan* 2,812,632 Money loaned to ihareholdera for the purpoie of enabling them to own their home*. Each loan secured by first mortgage on local improved teal eitate. Sliure Eouni 24,746 Advance* made to our shareholders against their shares. Office f urniturv and fixtures 3,063 Office Building 47,973 Other Assets 30,774 TOTAL $3,064,833 There's "Money Magic" In This Combination REGULAR MONTHLY SAVINGS TKb sum you ?ovo ovory month rogukiriy. PLUS EARNINGS ON YOUR SAVINGS Th? Bantings w# pay you on your savings regularly. PLUS EARNINGS ON YOUR EARNINGS Tha compound ?arnings that male# your savings grow so fast. LIABILITIES THK ASSOCIATION OWNS To Shareholders funds entrusted to our care in the form of payment on shares as follows f ull-Paid Shares $33,800 Optional Shares 841,312 Other Shares 1.688,900 $2,386,012 Notes Payable, Federal Home Loan Bank 300,000 Money borrowed for use in making loans to members. Each note ipproved by at least two-thirds of entire Bojrd of Directors as required by luw. Loans in Process 80,7 28 Undivided Profits , 11,313 f ederal Insurance Reserve (If Insured) 84,100 Other Liabilities 2,700 TOTAL $3,064,833 STATE OF NORTH CAROLINA COUNTY Of HOKE is. Franklin R. Teal, Secretary-Treasurer of the above named Association personally appeared before me this day, and being duly sworn, says that the foregoing statement is true to the best of his knowledge and belief. Sworn to and subscribed before me, this 4th day of January, 1971 Judy H. Holland, Notary Public FRANKLIN R. TEAL. My commission expires May 27. 1971 Secretary-Treasurer Consider Our large Variety 01 Savings Accounts To Suit Any Need 4.75% 4.75% 5.25% PASSBOOK - Dividends credited and compounded FULL PAID CERTIFICATE - Dividend checks ' twict yearly on June 30th and December 31?t. mailed twice yearly on June 30th and December 31it BONUS CERTIFICATE - (Minimum $2,500 Flexibility in dspoeits and no notice required for - minimum $100 and increased in multiples of $100. increases in multiple of $100 - periodi of 6 months), withdrawal. Deposit by the 10th end eern from the Deposit by the 10th and earn from the 1st Automatically renewable Dividtnds paid quarterly. 5.50% 5.75% 6% 676 paid quarterly, two year term, minimum amount 5'/476 paid quarterly, one year tarm, minimum amount 5*36 paid quarterly, one year term, minimum amount $15,000.00, increases must be in multiples of $5,000.00, increases must be in multiples of $100.00. $15.000 00, increases must be in multiples of $100.00, automatically renewable. A penalty of 90 automatically rtnewabla. A penalty of 90 days $100.00, automatically renewable. A penalty of 90 daV for prematura withdrawal, intarast for premature withdrawal. days interest for premature withdrawal. HIGHEST RATE ON F. S. L. I. C. INSURED SAVINGS your child's college education A family of three can have up to S200.000.00 in insured savings DIVIDEND RATE FROM 43/* % ? 6% PER ANNUM 1970 Was The Year Your Association .... 1-Exceeded Three Million Dollars ($3,000,000) In Assets. 2-Paid I n Dividends To Its Members $124,000 ? 3-Made 57 Mortgage Leans Totaling Over Half A Million Dollars Adding To The Economy Of Our Community TEN INSURED ACCOUNTS ? What It It worth? ? How will you pay for H? NOTICE The annual stockholders meeting of the Raeford Savings & Loan Association will be held Tuesday, January 12, 1971 at the association's office at 10:00 A.M. The purpose of the meeting is for the election of directors. Proxy forms are available at the association office. They may be obtained by request by mail or in person. INDIVIDUAL ACCOUNT IN HUSBAND S NAME W $20,000 INDIVIDUAL ACCOUNT IN toA WIFE'S NAME $20,000 INDIVIDUAL JOINT ACCOUNT jki\ ACCOUNT in WW ml CHILD'S NAM! child v $20,000 $20,000 dfclfc JOINT ACCOUNT HUSBAND snd WIFE TOA $20,000 JOINT ACCNNT A, KUSBANO snd CHILD w^$20/00? TESTAMENTARY REVOCABLE trust accounts of $20,000 oach FOR A FAMILY OF THREE HUSBAND HUSBAND WIFE WIFE TEOSTEE TRUSTEE TRUSTEE TRUSTEE WIFE CHILD HUSIAND CHILD BUSINESS HELD IN STRICT CONFIDENCE Raeford Savings & Loan Association K STY BOARD OF DIRECTORS PHONE 175-3213 113 CAMPUS AVE. RAEFORD, N. C. Ws era grateful to our rapportora for the progress made in 1870. \Na are proud of tha part wa played in our community's progress la tha arms ef employment, business, and home ownership. TO OUR FINE COMMUNITY, OFFICERS WE RENEW OUR PLSDOE TO PROVIDE THE BEST SERVICE ?. i. a.*. ^ Alfred Q. Uoek) Bray Sent C. Morris Younger Snood. Sr., Vioe-PraaMent IZZXTJ' IN A FRIENDLY AND CONFIDENTIAL MANNER
The News-Journal (Raeford, N.C.)
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Jan. 7, 1971, edition 1
12
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