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Credit union not like business |

§ By EUGENE ELLMEN
The Canadian Press

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2) How to choose the colebinitine
maturity options and Pein sl hgsow pa
3) Provide sound fin a eoraing wt ati
related to the needs of
to the special in oF ap-

The seminars will take ploce in the Heritage Inn
rete . Thursday, June

ama bau who have placed their funds — and their
trust — in credit unions, or caisses populaires. They prefer
to deposit their savings with, and borrow money from, a
co-operative venture.

“The credit union system is almost a movement,” says
Tom Delaney, a Toronto-based personal financial
“It's not like a business.”

How do you know whether a credit union is a
to conduct your financial affairs? ee

Since interest rates on savings and loans are generally
comparable between credit unions and other financial
institutions, Delaney says you should first be sure you are
comfortable with the credit union philosophy. financial counselling.

The statement of principles adopted by the Canadian Moreover, if you are a borrower it may be easier to get

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OTTAWA (CP) — Apart-
ments available for rent are
still hard to find in many
large cities, says the latest
vacancy statistics from
Canada Mortgage Housing
Corp.

The country’s overall
vacancy rate for 25 metro-
politan areas was 1.5 per cent
last month, the same rate
reported by the federal
housing agency in the pre-
vious semi-annual survey last
October.

Toronto and the Ontario
cities of Hamilton, Kitchener,
London, Oshawa, St. Catha-
rines-Niagara and Windsor
continued to have individual
vacancy rates of one per cent
or less.

The rental situation in
Vancouver got noticeably
worse as the rate fell to 0.9
per cent in April from 2.5 per
cent in October.

Vacancy rates are based on
surveys of privately-built
apartments with six or more
units. In caleulating an over-
all vacaney rate for Canada,
the size of each city is taken
into account.

Canada Mortgage and
Housing Corp. did slightly
different surveys in 21
smaller cities that aren't
ineluded in the overall nation-
al calculation.

Most housing experts con-
sider vacancy rates of three
or four per cent to be normal.
Lower rates indicate a short-

age of apartments, while
higher rates indicate a sur-
plus.

Using those benchmarks,
only eight of the 46 individual
cities on the two CMHC lists
had normal vacancy rates.
Twenty eight cities had

shortages of apartments, and
only 10 cities had surpluses.

\TLANTIC
Halifax 2.4 per cent (1.0
per cent). Saint John 5.1
(3.1), St. John’s 92 (2.5),
Fredericton 6.2 (2.8),
ton 4.1 (1.4), Sydney-Sydney

°
caine elagtian 47 mine
(3.2), Montreal 1.4 (1.7), Hull
7.6 (6.1), Quebec 1.6 (1.6),
Trois-Rivieres 3.6 (2.4),
Drummondville 1.7 (1.5), St. YELLOWKNIFE — D.L.
Jean 2.2 (4.9) and Sherbrooke Johnston, vice-president of
1.4 (1.9). Northern Operations for
ONTARIO Cominco Metals, has con-
Hamilton 0.5 (0.4), Kitch- firmed that Cominco's Polaris
ener 0.5 (0.4), London 1.0 Mine on Little C

(0.4), Oshawa 0.4 (0.1), Island, Northwest Territor-
Ottawa 1.8 (0.9), St. Cath- ies, will shut down from June
arines-Niagara.0.9 (0.3), Sud- 28-Aug. 8.

bury 2.2 (0.6), Thunder Bay As announced last Octo
1.1 (0.7), Barrie 0.4 (0.2), ber, the shutdown will re-
Brantford 0.5 (0.4), Cornwall duce production by 25,000
13 (28), Guelph 0.4 (0.1), tons of zine concentrate and

Mone- Kingston 1.8 (1.3), North Bay 5,000 tons of lead concen-

Mines 3.0 (4.1) and Charlotte- (0.4).

town 4.3 (1.7).

Vancouver 0.9 (2.5), Vie lead and zine due to market

Study & Prayer — 7 p.m.
rch 365-3430

Sunday
8:00 a.m. & 10:00 a.m.
Sunday School 10 a.m.
Robson Church
ee eceys

Rev. charles’ Balfour
365-2271

EVANGELICAL
FREE CHURCH

914 Columbia Ave.
Family Bible Hour
9:45.a.m,
Sunday Worship Service
Tl a.m.

Bible Study & Prayer
Tues. 7:30 p.m.
Pastor: Tom Mulder
Phone: 365-2281

PENTECOSTAL
TABERNACLE

— SUNDAY SERVICES =
Sui

Morning Worshii ip 1) :00
Evening Fellowship 6:30
wrotemseey: Bible sody

767 - 11th Ave. Ph. 365-5212
éew

toria 2.4 (1.8), Kamloops 13.3 imbalance remains the main
(12.8), Kelowna 1.4 (0.8), factor for this shutdown, the

Honda best used Car 22) seer stint eres

OTTAWA (CP) — Honda has won the award, captured “Owning a Japanese auto’ Answer to feed Crossword Puzzle "ST. RITA’S CATHOLIC
has knocked off Toyota to by Toyota in each of the mobile will likely result in [QS] ad ST. RITA'S CATHOLIC
win the Canadian Automobile previous three years the your being more satisfied 1B!
Association's 1986 award for award had been given. It was with your vehicle than if you
best used car of the year, as the sixth year the association own a European or North

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“Vision with Vitality”
Rev. Herman Engberink . Y Located 2'4 miles west on
Ph. 365-7143 thhamesrerend Very, 3 coments Be. Fee
Hilltop evront)
WEEKEND SERVICES : ion
‘Ss con- has d d the survey, American car,” the associa- J = Seturday 7 p.m. item ion
tinue to lead North American but it did not name a “best” ti R > Sunday 8 and 11 a.m. Aectetanty eoty aciooas
and European manufactur. used car for ‘the first two “In conducting. the annual R ST. MARIA GORETTI Doug Nekeshoji Horne Bible Study
a 5) 5) GENELLE ‘Christ in Heart — You in Mind eareecbar
"The Hass Dobie durin; , “The survey found 97 vehicle: dersbility ey” A mi SREP Sunday 9:30 a.m. 7 vee 7300.
) Curing 7 Per ihe association found that iz) - PETER LUTHERAN
the 1963-85 model years, was cent of the 81 Prelude owners 50°, "cont of owners of i E ri a VIDEO SEMINARS
rated the best used car by who responded would buy Taps Loa geet Pista i Tem IR DE UNITED CHURCH phic College Avotteble
the 2.3-million-member asso- the same car again if given JaPerear O° wens uty ‘ ar | OF CANADA
ciation, which released re- the opportunity, 95 per cent oa with 71.2 per cent q % Se ae ——_
sults of its annual survey. were very satisfied with pe eal : oe = , 2264-6th Ave.
of the owners of European ! DATA IR 1% Blocks South of
cars and 65.4 per cent of Community Complex 713 - 4th Street —“SEVENTH-DAY |
Su cines ‘shout 46 mace those who own North Ameri [AN 9:45 a.m.—Singing | worship serece 11-000.m. | _ADVENTIST CHURCH
Se = _ mm. 7 |
their cars in terms of satis- And owners of 1983, 1984 can cars. = ETH Les doy i Pastor Terry Defoe 1471 Columbia Ave., Trail
faction with the vehicle and and 1985 Japanese-made cars However, association offi- : . 364.0117
with servicing by dealers, continue to be more satisfied cials said there has been an RIE PRESHEO 3rd Sunday 100.m. y 6 Regular Saturday Services
and whether they would buy with their cars than owners overall general i i ; nday, May 25 Cryptoquip: Rev. Ted Bristow itsten se haskell Pastor Cliff Drieberg

the same car again. of North American and Eur- satisfaction amon; r own EVERY VENDING MACHINE, WHEN FILLED WITT 365-8337 or 365-7814 ‘on Radio CKQR 365-2649
It was the first time Honda opean cars. ers. TOO MANY COUNTERFEIT COINS, IS SLUGGISH

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PASTOR:
Stuert Lourie — 366-3278

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More than 17,000 car own ir car none were dis-

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Co-op merger |
gets go-ahead

VANCOUVER (CP) — The 1,500 members in attendance
merger of Teachers’ Invest- approved the merger after
ment and Housing Co-opera- being promised up to 74 cents
tive and CanWest Financial on the dollar.

Corp. can be ahead as plan- About $200 million of the
ned following a B.C. Supreme co-op's assets will be trans-
Court decision last week, the ferred to CanWest subsidiary
co-op's receiver said. Discovery Trust and associ
The court ruled $120 mil- ated companies if the merger

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lion in co-op retirement plans is completed.
are not secured. This means
plan holders are in the same
position as other unsecured
creditors waiting for money.

Martin Linsley, senior
vice-president of receiver
Coopers and Lybrand, said
this allows an application to
be made to B.C. Supreme
Court for approval of the

TANLINGS UN
4

At a co-op general meeting
May 11, 98 per cent of the

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~~ | _ YOUCAN NESTIN OUR BRANCHES?

MATOL || 8, Introducing The Kootenay Savings US. Dollar Account

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Notural Herbal Tonic At Kootenay Savings we involved in the exchange game and keep your money at home.

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ig Etailf ie nh Hi ale ee aE ; 4 Ee understand that for your personal everytime you crossed the border. Ask about the | J.S. Dollar Account
Par fii Pith flac at a cin, persed Widy and business needs you may Well now we've taken care at your Kootenay Savings branch
83 #0 te of i rb ue ae 3-EieF product, —_—— require access to U.S. dollars from _of all of that for you with
$e Ht i Hid aiff insatts $2235 rT “t CASTIBOAR time to time. Up until now, in the Kootenay Savings

Friday, May 30 order for you to fulfill those needs —_ U.S. Dollar Chequing/Sav
—_ 7:30 p.m.
'< Door Prize — Free Admission
FOR MORE INFO CALL
i 365-3295 or
a, 365-6437

you've had to either maintain an ings Account’ Save time, Credit Ui

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account in the U.S. or get yourself avoid inconvenience = Where You Belong. insurance Cor

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TRAIL + FRUITVALE « CASTLEGAR * SALMO » SOUTH SLOCAN - NAKUSP * NEW DENVER « WANETA PLAZA = KASLO

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