1970 - Onaway Community Federal Credit Union Holds Annual Meeting in January From Presque Isle County Advance and Onaway Outlook January 30, 2020

  
CAPTION: Onaway Community Federal Credit Union conducted the annual meeting with 381
members present.  Of particular interest in January 1970 was the president's report
by Mike O'Meara, which he talked of dividends on savings, being raised from 4.75 to 5
percent in 1969; while interest rates stayed at 1 percent per month, that with the 10
percent interest refund would make the annual interest rate 10.8 percent.  During 1970, 
some new services were being analyzed such as group automobile insurance, a method to 
furnish money orders and travelers checks to members, as well as plans for office
expansion and remodeling.  As noted last week, a new building was opened in 1980.

   


From the The Presque Isle County Advance January 30, 2020, page 7B. 




Retyped by J. Anderson