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JOSEPH X. WAYNNE EXECUTIVE SECRETARY DIRECTOR Mr. Waynne is the attorney for the association under the title of executive secretary. His- activities as Lieutenant Governor in Kiwanis International and civicj worker are well known to the community. DR. URBAN V. COMES PRESIDENT DIRECTOR Dr. Comes is the president of McHenry Savings and Loan Association and owns the Urbandale farm and has been a resident of this area for over thirty-five years. He was a founder and president of the Belmont Community Hospital for many years. / CLAUDE F. McDERMOTT FIRST VICE PRESIDENT DIRECTOR Claude F. McDermott is a lofig established business man in Lakemoor, where he is the village president. He is a trustee of McHenry fire district and an enerfeefrq participant in many civic and political ventures. DR. STANLEY DOWIAT SECOND VICE PRESIDENT DIRECTOR Dr. Dowiat is a general practioner and is affiliated with the Mayfair Medical Center of Chicago. Dr. Dowiat and his wife have , been residents of the McHenry area for 10 ' years and are active in various civic affairs. Now residing in Urbandale farm near McHenry. JOHN J. NEUHARTH MANAGER « DIRECTOR John J. Neuharth is a retired accountant and has rendered invaluable service to ti£ association as its full time treasurer and manager. He is worshipful Master for McHenry Lodge A.F, & A.M. E J. ALBERT ROESCH DIRECTOR J. Albert Roesch is in the importing and exporting business under the name of Crosby & Roesch. He has resided for many years on a sizeable estate in the Golf course subdivision. Mr. Roesch is a mehiber of many well known organizations. HARRY JAMES DIRECTOR ' ' Mr>James is owner of a large funeral home, vice-president of a manufacturing concern and very active in civic affairs. Mr. James is a past president of the LaGrapge Chamber of Commerce. He is very interested in local investments. " EVELYN KRUKOW ASSISTANT CASHIEBt Miss Krukow has been with the organization since its beginning in 1955. She is a stockholder and is active in the McHenry Meth<i dist Community Church. • ARNOLD J. RAUEN DIRECTOR Mr. Rauen is a local justice of the peace, has been connected in an executive capacity with the U.S. Treasury Department for many years and is currently an officer in the Chicago National bank. His experience and knowledge, of hscal affairs is of great importance to this association. RICHARD W. FREUND DIRECTOR Richard Freund, the yo.ungest member of the board, manages the Freund Oil company in McHenry and is active in the McHenrv Country Club as a member of the house committee and has a keen interest in the affairs of the association. WISHES and in your beautiful NEW HOME John vender and Fredrick Lindsey n ARCHITECTS 88 N. Williams St. Crystal Lake, 111. THE ORGANIZERS AND DIRECTORS We might as w.ell, at this time, give you the whole history of this association. It is common knowledge that our attempts to obtain a government charter for a savings and loan association were strongly resisted by certain interests. The second attempt to obtain such a charter was launched by a group of citizens that stood for progress and recognized the urgent need for another financial institution in McHenry. This group consisted of: Dr. Urban V. Comes, William Pries, Peter M. Justen, Joseph X. Waynne, J. Albert Roesch, Claude F. McDermott, Dr. Stanley Dowiat, Clyde Bailey, Harry James and John J. Neuharth. All are successful business and professional men. After overcoming many obstacles they were chartered to open for business and the temporary office of the McHenry Savings and Loan Association was officially opened at 522 West Main Street, McHenry, on December 12th, 1955. Z: EARNINGS. SAFETY AND AVAILABILITY At the very outset, the board of directors adopted a policy of paying the highest rate of earnings on the monies deposited for savings by our patrons, consistent with safety and availability. During 1956 our patrons earned 3% on their savings account. This could be accomplished in the first year of operation only through an efficient and conservative management. The funds entrusted to the association were invested only in high grade first mortgages on improved real estate, considered one of the safest and most dependable forms of investment. This association does not make any speculative loans. Unlike other types 4>f financial institutions, this association does not make loans or. automobiles, businesses or unsecured notes. . By examining the financial | statement below, you will note j that the savings of $456,292.07 are [ backed by first mortgage loans j cash, government securities and i other resources having a net value i of $631,727.50. The investments are ! made in accordance with the regulations and under supervision o£ government authorities. People save for specific purposes and draw on their savings as their needs require. During 1956. the monies deposited for savings by our patrons totalled $456,292.07 of which amount they withdrew during the course of the year a total of $118,000. The withdrawals were paid to them promptly on demand. No advance notice was required and no questions were asked. It would be presumptuous On our part to question any patron as to his reason for withdrawing his own money. TftE NEW HOME In June,* 1956, a contract was let to construct our new home at 206 West Elm Street in McHenry. The building was scheduled to be ready for occupancy September 15th, 1956. For reasons beyond our control, the building was not completed on time and is just now receiving finishing touches. It was designed by John Van der Meulen, an architect of international fame and winner of many awards. We are sure that the community will be proud of this beautiful addition constructed and designed solely for the purpose of our association and the comfort of our patrons. None of the funds or assets of the McHenry Savings and Loan Association are or were used for the purchase of -the land and construction of the new building. All i the monies required for this purpose were furnished by the small group of 'citizens who organized this association and who have faith in its future and thej support of _the community for this worthwhile project. These m e n p u r c h a s e d t h e C h e v r o l e t g a r -J age and the land to the west of it. They will spend additional thousands of dollars to remodel the garage building. These are the men backing the McHenry Savings and Loan Association and helping to manage it. They afford further assurance of stability and success of the McHenry Savings and Loan Association. Best Wishes to the •V*it /' McHenry L lMlOfl with their Happy New Home * & OFFICERS and DIRECTORS of the CHICAGO NATIONAL BANK 12XPSI La Salle Street Chicago Illinois