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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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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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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

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