Clarington Digital Newspaper Collections

Orono Weekly Times, 16 Feb 1967, p. 6

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___ ___ORONO WEEKLY MIMES, TLUISDAY, FEIBRRUARY ll6th, 1967 Tl~ fomatonof the iDURHiAt ;cTIVE in 1947 led to the organiz- CREDIT UNION. several nmen insýtrumlenl ;Iic h coý-operative nmovent ýîin Dur- hM Coutsy including Robert MofcffatC aeneAîluni,Iarw Lowery, uei Osborne and ('haries Ohrnbegan i cs sions for tLhe fom tio f a credi- ùit ufion to"(iserve. the area. A rmeeting he-d't. the Ontario IDepartmuent of cAgriculttureoffice aýt BomanývilUe on April 4, 1454, ýzay lf Ery of the Ganar- iýucLlnee porposes arIld opera- tion of a creit Unio. As a pesu1t af the fmeetinigthe OooDis', ,ich Credit Union came into being and a request was miade for iUs charter. Roy Forrester and ROY Mre. The supervisory cvittLee, re-i sposileb hckCinlg Ilhe proper con 0sisted of -J. H1LJose,Evrt jA D wn nd Robt Mfft.The ~thn vera. Bodhcommittee moebersl lre MCRlroy is cnidr-Pt ha1'O'brn aph laspeil be the founder of the Oroc iI ndWligoî arw T-c~u rii4 ~ ~ 1ý C di nin e a a Con er anid Managel- was Erne Spry, Amtisource of heu)ip and infocim- wbo b&d Oie same 'îion in the ation for mai-ny onthis. Farmeors' C-p At iniîirrl metre.of Later in the yearr ai a public mleeting hldiýn Oroo, r. M fieswere ellected and hy-laws Elroy once more explained the passed. Claence Aln was eleet. w-pose of a credit union, the ed president and Hartweli Low.'àduesOFits offices and ans-wer- er , ecretar,. a p)o,;t held ý-î ePd a grent many <uestions. It was ii the summeur of 1958. lUr. Low- at thlis meeting tie Orono DisMtrc ery is credited wuih much of the Credit Union affiiiatedc with the success of the credît union. He Onarlo Credit Union League. was known fo-- his iao~ dis- chargze of his dluties and his faithi- The financial operation of the fuI attendance. Credit Union went throug_,h al somrewhat mneagre period for a of the offleers Uçated au that timre. Loans to mnembers werel timie, somne are stili ctvein 'the greatiY lirited hecause avaïlable credit union today. The Board of capital w'as not pientiful. This Directors of nine members in- situation was heiped considerably ciuded the President, MAr. Aluin by an interest free loan from the &andc Harry Pavey, James Brown, Durhami Farmners' County Co-op, Russeil Osborne, Hartwell Low- which tded the credit union ov- ery, Percy Wry Les Coomibes, er a r-ather rockýy period(. The first yarsoperation, 1954 resuited in a deficit of some $43. This was due largely to the pur- chase of neesszary sýupplies. lu the yers folio ing a steady ln- crease iýn assets and m iemrbershipî Atteaut.al nm <nr'-in195 Mr.Sprytnee sieinto as Tesrr aae.I a o unSlte nerftear at isres- tinue 1lo~ is posiio, one wdh i s ïte cs f tL ceirue assts ver$3000 ,),eves -,a ile -n hp 0s 'i),hoiders. hl add1i!x tion t aking bjanis and providiung an no unty for sav- ings Y its neniber-owners,the IrooDistrict Cre uit n-ion ln- ludesnamongbc serices to its ilife Savîngs iomsuenc s weIl as ote ife insý,zunue eneitsa- WaabLefrm the-rditunison s r own Fnfe insurac cmafy CUNA MutualIfsuacSoiey WILL YO BEiN , THE INKP?-The popein t pictunre won ' ')'tbuto prhs hir 1967 uton.bii heence laes atthe MInammnt. They're Ontareion torist who bought their plates on opeing ay. But therote acrain to 1be lngqueues agiinlate February because two out ofý three mnotorists ptoterp urcas oopate ti tî inal ironthi. The Ontarlo Departmet o( rnpotaÀse nor ists toaIve th purchae of lastes top prioiy if they viii to avi ogwit 96lcneplates expr, dih Fbur 28th iand there wibe noextesion IPays to Advei tise vêey best friands ore babies Babies rate tops witb us! Promptly, we compotind thei dotr'prescriptions. Fatthfully we cater to their health anid comifort needs. Mothers, please take note. wS-TUT" 'Pharmaey ORONO, ONT. PHONE 9350 HI POC! Don't let the ILA 1YN d %V RSALE LA N2JýBOY ROTARY fMOW"1,E RS (LMTDQUANTITY) why is electrie heating so dlean? Simple. Electre heatîing is flamieless. ecus t does rlot burn fuel there are uno p.roducti of combustion. It can't create dirt, dust, -film orfums iofnd out miore about the -m&ny advantages of electric heatinig, ispeak to yu qualified electrie heating con- tractor, or.-, yo'O uh-ydro LIVE BETTER ELECTRICALLY 19"$9 15,400 '12 hieavy dulty 2"Self Prop)elle>d 160$17 Bargains to Choose From (No Payments tI May if Desired) Rolp-h Hrwr Sale Price $71.25 $76,50 $87.38 $114.00 $117.38 -

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