Page 12A- March 9, 1977 - North Shore News Focus | 7

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SURLR CP ASE RET CP aT ed a ete Sanger ie Tae,

eam stems Meret

When construction on the main Lonsdale’ branch is : ~ 2 —. a
completed this spring, this will be the largest financial ; - = j — — a
institution on the North Shore. BO )

The new main branch, an award-winning building, was.
erected in. 1974. Rapid membership growth has
necessitated expansion by more than twice the present:
size. The new addition features reflecting pools, members’

lounge, administration offices, an elevator, and parking
for 56 vehicles.

The Lynn Valley branch was opened in 1973. In December,
1976, the third branch on Marine Drive was added. A.total
of 75 employees staff the three branches. - .

-Manager Stan Lenko = visits
- members Michael and Erika
and their family, the first. to
“buy and insure their house
through NorCu. —

What could explain the growing popularity of this financial

co-operativé on the -North Shore? It was established in

1941, but only in the past five years has membership

increased so rapidly. People seem more interested than

ever in managing money wisely and in getting good
! service at their place of saving and borrowing.

NorCu Realty Ltd., a division

of the ‘credit union, was
established in 1975. As salar-

ied. representatives -NorCu
staff are available to. advise
-members, without high-pres-
sure sales tactics. They can
provide evaluations, along .
with a variety of insurance
‘policies to suit individual
needs. The various types of
insurance offered include: life
insurance, fire insurance,
homeowner’s and _ tenant’s
coverage, and travel insurance

The credit union concept is centred on ‘people working
together for their mutual benefit. Members are invited to
attend the annual meeting, where they elect from amongst
themselves a board of directors to oversee the affairs of the
credit union.

A minimum of $5 on deposit provides access to all of the
North Shore Credit Union’s many services: a choice of
savings accounts paying: high interest on the daily,
monthly or quarterly balance (including one featuring free
life insurance); free chequing; redeemable term deposits
(only $100 required for some); consumer loans; flexible
mortgages; fire insurance and life insurance. For most of
the services, including RRSP and RHOSP, there are no
fees or service charges.

Convenient hours of service is one of the advantages ae a |

me

_* _——

sued!

&.

enjoyed by credit union members. All three branches are -

open Saturday from 9:30 a.m. to 1:30 p.m. and weekdays
(except Monday) from 10:00 a.m. to 5:30 p.m. Two of the
branches remain open later on Friday evenings.

Credit union members vary greatly in age and occupation,
but they all have one thing in common: they are
part-owners of a financial institution which is ‘‘Better in
sO many ways.”’

Three Locations
inNorthVancouver _— |

1100 Lonsdale

987-8155 ; 980-6556

etter in so many ways

4

1246 Lynn Valley Rd.

1080 Marine Dr.

986-1116

The credit union is active in
community service. During the
first two months of 1977, credit
union managers have given.
presentations each week = in
highschool Consumer ‘ Math
classes, or to church and
investment groups.

Bowling, skating and baseball
all receive credit union sup-
port. During the past year, 16
local teams were sponsored.

.

1

North Shore cultural activities
are also encouraged through
credit union assistance. Ten
music, drama. or children’s

events were sponsored last

season. A donation was also
made to the new cultural
centre in North Vancouver,
Presentation House.

Another important form of
community involvement is the
annual presentation of credit
union bursaries to two grad-
uating students at each North
Vancouver high school. -

Public Relations Manager, Judith Burke, speaka in
Consumer Math class at Handsworth Secondary School