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$ Fi i The Board of Directors of bership of the Credit Union. the Auto Workers (Oshawa) They are shown from left to Credit Union Limited is the right, seated: Frank John- at Umon son, Sid McCormack (past organization's chief adminis- president) and Secretary trative body. The members John Hess; standing, John are elected by the mem- Brady; Vice-president Russ Select Directors From Membership | CORKBOARD The Board of Directors and Johnson and Sid Winsley are| Committee members of the retired from General Motors.| employed by Duplate and Keith Auto Workers Credit Union| John Brady, also an alderman serve as living proof that ordin-|on City Council and Sid Mc- ary people are capable of|Cormack works in GM Parts handling their own financialjand Service Department. affairs. Charles Pearson, Arthur Rear- They are all elected from don, John Hess, Ted Simkins, within the general membership| Lorne M. Johnson, Michael of the Credit Union to admin-| Black and Donald Lovelock are istrate its affairs. also employed at GM in various | Their occupations are, with! departments, ranging in duties | ffew exceptions, those of the as repairmen, troubleshooters, | citizens of Oshawa. inspectors and sprayers. George M. Thompson, Frank' Ernest Simkins is a GM se-\ low man. THE OSHAWA TIMES, 3A Thursday, Mey 6, 1965 | | the fastest in the life insurance |industry," states C. Gorden ' Smith, Vice President and Gen- )eral Manager, drawing etien- | tion to the Society's position as |North America's 16th iargest | life insurance organization from ithe standpoint of total insur- ance in force. He also pointed out that since the first CUNA Mutual Loan Protection con- tract was issued to a Canadian credit union in 1937, the Soci- ety has paid out over $32 mil- lion in policyowner benefits im this country. Growth, however, Mr. Smith points out, has meant more than figures on paper. For the | Society, this period of fiancial growth has seen CUNA Mutual expand from a one-man volun- teer operation to a f{u)l-time staff of 86 Canadians, al] credit union members. Last year saw purchase of a 26-acre sile on the outskirts of Hamilton, where a new Canadian head- quarters will be built. This new office will replace CUNA House j -- Maison CUNA, which CUNA } : | Mutual's operations have out- i ' grown in the short span of ien ' years. MeNeil, Ernest Simpkins, { Art Reardon and Charles | Pearson. Absent when photo was taken were President G. Thompson and Thomas Green, --Oshawa Times Photo any wae, sa eee «| INSULATION Burns works for Houdaille In- dustries. Russell McNeil is the full time elected Secretary- Treasurer of UAW Local 222, and Thomas Green is now a staff member of the UAW --by-- iH International. Oty While the Credit Union's elect- ' ed officials come from all walks of life, they are all dedicated to the task of serving their fel- | CNUA Mutual Started 1935| ONTARIO CORK To Serve Insurance Arm se A close working partner of/then fledgling credit union; the Auto Workers (Oshawa)| movement in this country, | Credit Union since it began;CUNA Mutual in its: first. 20) operations has been the CUNA/ years reached the half billion | Mutual Insurance Society. This | dollar mark in coverage in Can- | credit union is one of the 9$1| ada. Five years later, the ' 'al | per cent of eligible Canadian topped the billion figure and at| CO. LTD. the end of 1964 exceeded one billion and ninety-eight million dollars. The Society's world- | wide coverage is $8 billion 698 | million. "CUNA Mutual's growth in Canada is considered one of credit unions insuring with}! ~ CUNA Mutual the savings and unpaid loan balances of their «tahotaea weaeaseet | For The Members; By The Members! to serve as the insurance arm | of the credit union movement. | The society is limited by choice | and by law to writing insur-} ance exclusively on the lives of | credit union members. The) greatest measure possible of, policy-owner control exists with | CUNA Mutual. Its unique area | meeting system makes it pos- | sible for policyowners to vote | right in their home areas for directors and on changes in the Society's bylaws. These area meetings are held in conjunction with biennial general elections. | lis directorate is composed of ten credit union leaders. from Canada and the Uniied States, elected for four-year terms. A policyowners advisory com- | mittee composed of 15 credit union leaders from Canada and the United States meets regu- larly to satisfy themselves, 'he policyowners and the directors that the operations of CUNA Mutual adhere, not only to sound insurance practices; but to the philosophy on which the ay A credit unien movement was 7 eS founded. CANADIAN OPERATIONS Beginning its Canadian opera- The ultimate purpose of ony product . .. omy service . .. Or ony institution is to serve a need. in recent years the need for better service facilities to members of the Auto Workers Credit Union hes been growing ot a rapid pace. Recognizing the present need . . . ond with faith in future prosperity, land was bought and one of the most modern offce buildings in Oshowa wos erected. We salute the executive and every member of the Auto Workers' Credit Union for their determination to build better . . . not only for todoy ... © 4h :: but for tomorrow. You have, surely, given us another exemple of faith in the future economic solidity ond expansion of Oshawa. W.- LOCAL 222 { tions im. 1937, to serve the . AND ITS MEMBERS | | |