Castlegar News 1989 Review, April 16, 1989 ti

Kootenay Savings Credit Union has Joined the

NATIONWIDE INTERAC NETWORK
of Automated Banking Machines

The INTERAC Network
links more than 6,000
automatic banking
machines of- credit
unions, banks and
trust companies
across the country
Over 11,000 auto:
mated banking mach
ines are available all
over North America

rerae

——"_—_— Kootenay Savings

members who currently have the encoded Kootenay Savings CUE
Strata ATM card, or the Kootenay Savings encoded MASTERCARD
transaction card now have the additional convenience of being able
to withdraw funds directly from their accounts through ABMs which
make up the INTERAC Network

Also, customers of banks and trust companies in the INTERAC Net
work will be able to make withdrawals from the Automated Banking
Machines operated by Kootenay Savings in Trail and Castlegar, as
well as the ABMs operated by other credit unions in B.C. and
elsewhere in Canada

ABMs which are linked to the INTERAC Network are identified by a
special gold decal featuring a hand holding an ABM card and the
single word “Interac”

The customer simply uses an existing ABM card and personal iden-
tification number (PIN). Chequing and savings accounts can then be
accessible through the INTERAC Network. The maximum amount of
cash that members/ can froma willbe
the same as the maximum cyrrently available from your own in-
stitution’s ABMs.

The INTERAC Network started operations in mid-1986 and
processes millions of transactions a year. Members of the network
include all major banks, participating credit unions and a number of
major trust companies.

Do’All ABMs Operate The Same Way? The ABMs of the INTERAC
Network will operate essentially the same as those you might
already have used. There are a number of types and makes of ABMs
in use and, while different, they are all easy to use. They all guide the
user through the transaction step by step, so no matter what type of
ABM you are familiar with now, it will be easy to make cash with-
drawals at any type of ABM in the INTERAC Network,

Enabling Kootenay Savings Members to Withdraw Money
from Automatic Banking Machinesin Canada.

Are There Charges For Using Another institution's ABM? With-
drawals from non-Kootenay Savings ABMs on the CUE/ Strata or
Exchange networks in Canada will cost 75¢ each Withdrawals from
ABMs in the United States will cost $2 each. Withdrawals from IN
TERAC machines will cost$1.50 each

What Happens if my Card is not Returned by the Machine? The fact
that under certain circumstances an ABM will not return a card is a
safety feature designed to prevent unauthorized use of the card or
access to your account. Should this happen, you must inform your
own branch office who will provide assistance.

Is Th a List of Shared ABM Locations? There is no list printed.

, Since the 1g majority of all ABMs in Canada
will be accessible through the INTERAC Network, the users of ABMs
should have no difficulty in locating an ABM which is part of the IN-
TERAC Network.

Will | Get a Transaction Record Slip? A transaction record slip is
provided as is now the case with each ABM transaction at Kootenay
Savings’ ABMs in Trail and Castlegar. The record provides sufficient
detail to identify the date, time, location and owner of the ABM
Retain this record slip for entry into your cheque book or account
record for verification with your statement.

w, 24 hour convenience

for everyone.

Yes, even bank customers.)

Time Air takes off...6
Schneider’s winstwoinarow ...8&

Castlegar News 1989 Review, April 16, 1989

Politicians optimistic...9
Selkirk College entry easy... 11

SLOCAN FOREST PRODUCTS

ew machines

prove
valuable

Continuously updating equipment and
streamlining operations is helping Slocan Forest
Products Ltd. maximize the lumber potential of the
timber it cuts, SFP vice-president Harry Argatoff says
SFP spent more than $2.6 million last year to
modernize and update its operations, Argatoff says.

The small Jogs are cut into square blocks just as the
‘large ones are, but with a “*key"’ about the size of @ two:
by-four running the length of the lop bottom to hold itin

place in the track *
The horizontal double arbor — so-called because

the shaft holding the saw blades is in a horizontal

The major expenditures were for a semper, eon wasted the key section, Argatoff says
headrig that cuts large logs square and saw

system for small logs.

A

SLOCAN
GROUP

The new headrig was installed at a cost of about
$575,000 because the old rig — built in 1963 — was get
ting worn and hard to maintain and required the
operator or sawyer to make all decisions visually as to
how the logs were cut, Argatoff says

He said the new headrig is equipped with a com
puterized scanner that instantly tells the sawyer how the
log should be cut for maximum use of the wood. The
sawyer can override the computer if unusual knots or
burls in the logs throws thgScamner off, he says.

The new saw system — called a vertical double ar
bor edger — maximizes usable wood in small logs,

Argatoff says.

The new saw — which has vertical shafts holding
the saw blades parallel to the p-ound —cuts a log so the
key section comes off as a usable two-by-four rather
than Waste Wood, he says =
“The vertical double arbor edger cost the mill about
$1 million, Argatoff says

In addition, the mill converted two lumber-drying
kilns to propane and installed chip-loading bins for
trucks after CP Raitannounced-e-freight rate hike for
carrying the chips to Celgar Pulp Co. in Castlegar

SFP processed 539,000 cubic metres of logs in 1988,
controller lan Fraser says, and put about $38 million

ps i RS TE

Back into the local economy in the-torm-of
wages and benefits and other expenses.

Net sales for the Slocan Group, which owns SFP
and five other mills, was up 24 per cent over 1987 to
$184.4 million, according to the annual report. Net ear
nings for the group-were $11.9 million. The six mills
have a combined production capacity of about 750
million board feet of lumber, the report says

Last year, SFP planted 977,600 seedlings in its tree
farm licence area. Woodlands manager Terry Dods says
SFP hopes to plant more than one million seedlings in
1989.

Other developments in 1988 included the transfer
of 220 hectares of SFP’s tree farm licence around Drin-
non Lake tothe Valhalla Provincial Park, Dods said

This year, the mill is working on plans to install a
computer-controlled board edger at a cost of about $1.5
million and a state-of-the-art planer for another $1.5
million, further streamlining the company’s operations,
Argatoff says.

et A 3 “

ON THEWAY...Slocan Forest Products workers prepare to maneuvre logs on to a conveyer
which will take the logs into the mill.

LOADING UP... a truck parks under SFP’s recently installed chip-loading bins. Once full, the
truck will take the chips to Celgar Pulp Co. in Castlegar for processing.

North America to get quick cash.

Here in the Kootenays, we have two
machines open 7 days a week for your
convenience; one in Trail and the other
in Castlegar. And thanks to the Interac and
Exchange networks, we have thousands

of machines you can use

throughout the continent.
Now that’s convenience
you can bank on.

By joining the extensive Interac® network
of automated banking machines, we can
offer more people more 24 hour banking
convenience than ever before. Now custom-
ers of banks and trust companies belonging
to the Interac ABM network can use our
machines to get at their money.

That also means that Kootenay
Savings members can use their
cards in bank machines all over

q

D
Kootenay Savings
Where You Belong

Trail * Fruitvale « Castlegar * Salmo South Slocan + Nakusp * New Denver * Waneta Plaza* Kaslo
Trade Mark of Interac Inc. Kootenay Savings Credit Union authorized user ofthe Trade Mark.

+o)

aa
FROM LOGS TO LUMBER... a picker (right) plucks some of Ihe smatierlogs tromthe
water for delivery into the mill while workers sort and check th lumber.

“4 4,