r
9. El. CREDIT UNION OBSERVES 200; A
ITIGNISH 0 Records Reveal Tremendous Growth SAM DUNs,AN.5
since 1938
It was on July 2, 1938 that a group of far-seeing men and women met in Prince of Wales College to form the P.E.I.
Credit UHIOD League. They began on a modest basis but in the years since they have continually expanded until they have assets . totalling 51.283,152.35 with saving: of 51.156.751.45. - . A board of nine directors was appointed at the formation meeting in 1938. These directors were: W. N. Jenkins of Sum- I S P meiside (now deceased); J. I-j. Arsenault of Mont Camel (living in Abram's Village); Rev. M. E. Francis (deceased): E. J. H. AN M0I.'l1.IS3y. Charlottetown (living 1" OIUWII); J. Allen Gauthier. North Rustico (living in North Rustico); W. F. Rose, Mount
Stewart (deceased); T. J. Kickham, Souril (living in Sourls); D. M. MscLean, DeGros Marsh (living in DeGros Marsh); and
I C M , . yrene MaI(':.DI3I'(I):'llfISSE')foV!l.lgae8tolvIIllI-I90Int9d Provisional Chairman of the Directors and the meeting was addressed by Professor A. - l(VisacDonz:ld. 'oftSt. F.&.t.hv;I1ho was later appointed General Secretary of the Co-op Union of Canada. A study of the record SUMMEKSIDE reI'lslilestD”taIi agsegoat theagnlttla oTn1I9,?8cearri'ou(iIlteed(IlttIP 131033 zT.tiIg.ti'T'T)dI:ytI1lTe Pars::1t'ie.anTI3IIicITt 'thonS1t,l'2'g:152.35. 1110 savings at CHARLOTTITOWN
the and of 1938 a ounted to 314,376.52 compared with s1.156,751.45 today. By the en of 1938 loans totalling 512,634.00 had been mad. while since that time there have been a total of 87,933,400 paid out in loans. The reserves today total 380,310.69 compared to 3634.51 in 1938.
To celebrate the success of twenty years of operationltha P.E.I. Credit Union League has invited delegates from across the continent to attend this year's annual meeting, which is expected to be the largest of its kind ever held in the Province.
The present directors of the Credit Union League are: Presi- dent, J. Keir Duggan, Summerside; Vice President, George W. Cheverie. Charlottetown: Secretary, Gilbert Gaudet, Howlan; J. Ernest Avery, Elmira; Albert Gallant, North Rustico; Rev. Char- les Gallant, St. Charles; Rev. T. R. Goudge, Pownal.
The meeting will open at nine o'clock in the morning and ,during the morning session various reports will be given. Follow- ing noon luncheon the mecting will resume with the submission of reports and elections of various officers as well as a panel discussion on "Cuna Mutual Insurance Society" chaired by Leo F. MacDonald of the St. Dunstan's Credit Union.
The meeting will conclude with a banquet presided over by
Frank Strain. At the banquet an address will be given by O. H. Edgerton, General Manager. Cuna Mutual Insurance Society. ;
CREDIT UNION LIMITED
EGMONT BAY
CREDIT UNION LIMITED MoII:I.L '
CHARLOTTETOWN
CREDIT UNION LIMITED - CHARLOTTETOWN I
L'ACADIENNE CREDIT UNION LIMITED
MONT CARMEL
J. KEIB DUGGAN LEO J. CORCORAN PRESIDENT MANAGING DIRECTOR
TTAL LOANS MADE . 7,933,400.00 ::':3;".,M,,..
CREDIT UNION LIMITED
ggwLA” E. BORDEN SAINT MARK'S MISCOUCHE CREDI1 UNION UM"-ED CREDIT UNION LIMITED suIIToN. LoT 1 ”'5”"c""
"1 .35
TRINWY STELLA MARI5 it
CREDIT UNION LIMITED NORTH ausnco
CREDIT UNION LIMITED
60 CREDIT uIII0IIs IN PROVINCE
w.IIa..,,I.... and Richmond 52:3..:2?i':'.'4:&.lf'I:l.':.i:t:'.E'”- :I:L'li:t;i”c'ii?.'.'.l.':lf:.':.1'?.s. M. c. A. EMPLOYEES SIlMM'Ellllll.D CREDIT UNION LTD. camp RIVER cnsnn umon LTD. CREDIT UNION UM"-ED CREDIT UNION LIMITED I :".lgE3:::gig,l'f?)':Ig'::2fD';Tg-I ems Ll1J:.:g:l:1l)6 ANNANDALE LoT 05 canon WELLINGTON ""5" ' sr. ANDI::w's caamr umon LTD. MT. STEWART CHAN-0""0V'" . i 3:22: IEDEQIIE casnn UNION LTI5. ROLLO an CREDIT umou LTD. , RY GEORGETOWN Hora RIVII canon umou LTD. cAaDIoAN CREDIT llltggrflgb. O LEA cneon umon uwreo CREDIT UNION LIMITED - up, I-nooaass cmrr UNION l.TD.. Auaaron cu”, OIOIOIIOWN cc:';Dol;ruImLoNuLIi;D. Rllggslbl. SOUTHWEST LOT 16 CREDIT UNION - I. , . - II iii?-”'"4I'i5'i”'I"i5'i'm . UNITED c'EiTAaLoTTIT"O'TII:I"D" "man In" EIILNTINMIAL cnsnrr umou LTD'.'. SUMMERSIDI , 57- AUGUSTINE CREDIT UNION LIMITED I 4...... W... , CREDIT UNION LIMITED s 0 COMMUNITY CREDIT UNION LIMITED ausnco sumaaaslnl I veanon RIVER I sr. PETER'S LOT 47 CREDIT UNION LIMITED CREDIT UNION LIMITED CREDIT UN'0N UMITED vamon mu ST. mlm BAY '”"" p T? (M
. O. O caepn umou uMm;D In P. E. I. Credit Unions In 20 Years CREDIT UNION LIMITED ti nsmsu Hotel toxriiiiotygliieih 533l.I"Tii"'m"5mII'.”o53"cfn53lI.i'3013233. 1:ni;?lTenIoerTTgru1:l hgdcgditheuxihogrlggiiitieng CHARLOTTETOWN I
I Th be or Credi Uni h 1 hi from 1,315 9,750. ; e num r t on: as ncreased from 25 to 60 and the Island members p to I