Historical Newspapers of South Carolina

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Credit Association Associates are borrowing from each other “When we get a loan from the Credit Association, whether secured or unsecured, we are borrowing money from ourselves and our fellow associates,” said Manager Harvey Dickert. “This creates a responsibility that is ours whether or not we are employed by Clinton Mills,” noted Dickert. “Even those who terminate employment have an obligation to repay their debt to the association.” He added, “We have been fortunate in keeping our delinquent loans to a minimum. However, any loans that are not paid on a timely basis reflects on our financial statement,” Dickert explained. “If a loan customer has an unusual financial crisis, he should come into the association’s office and discuss loan repayment alternatives.” This time of the year is a good time for Clinton Credit Association members to shop for new or used automobiles. “Our new car loans begin at 10.25% for 36 months financing. Terms vary with the length of the loan,” explained Manager Harvey Dickert. The conve nient payroll deduction and our com petitive rates along with the low cost credit disability insurance make the CCA one of the best places around to obtain automobile financing. “The Credit Association has many valuable tools to help members get their best possible deal when purchas ing a new or used vehicle,” continued Mr. Dickert, who outlined and com mented on the following four major areas involved in acquiring an automobile: • BUYING, SELLING OR TRADING USED AUTOMOBILE — “We have used auto books which list wholesale and retail values. Knowledge of an The Clinton Credit Association en courages every loan participant to make systematic payment. If a bor rower defaults on a loan, it adversely affects the person’s future borrowing ability. According to Dickert, the Credit Association is a service-oriented finan cial organization. “It takes both borrower and saver to make our financial institution grow,” he said. “Our competitive interest rates have enabled us to attract sufficient funds to offer undeveloped real estate loans, unsecured signature loans, com petitive new and used car financing packages as well as numerous other programs.” Any member of the Credit Associa tion staff will be pleased to discuss the benefits of “banking” with the Clinton Mills sponsored institution. auto’s true worth is extremely valuable when bargaining.” • BUYING A NEW AUTO — “We have a new car cost guide which lists ac tual dealer costs for new autos and options. This information can be very helpful when negotiating with a dealer. With discount financing, rebates and other sales gimmicks, it is more difficult than ever to deter mine the true price of a new vehicle.” • FINANCING OPTIONS — “Making the right decision means knowing your options, especially today, when financing has become such a major part of the auto buying process. Shop around for financing, then contact the Credit Association for its evalua tion. We can help figure the actual cost of financing.” • ARRANGING A LOAN — “We’re prepared to help with financing a new or used auto. Obtaining a preap proved loan can make shopping for a vehicle less of a chore. Loan ap plications are handled in the strictest confidence, and evaluated individual ly — based on employment, col lateral, credit worthiness and the ability to repay.” As an alternative to new car financ ing, the Credit Association encourages members to investigate the special sales offered by Hertz and other rent- a-car agencies. These cars are usually top quality and offered at substantial ly discounted prices. Many offer special sales for Credit Association members. “We have been pleased with the overall response to our vehicle loan program. There are many advantages of discussing financing programs with a member of the CCA staff.” The Clinton Credit Association has numerous loans and savings programs designed to meet the needs of members. Save now for year-end expenses Get Started for 1990 How many times in the month of January have you told yourself: “Next year I’m going to start saving for Christmas and taxes ahead of time.” “It’s a great idea,” said Credit Association Manager Harvey Dickert. And now is the time to actually do it. The Time is Now “Sure it’s tough to save when you’re still struggling with last year’s bills. Unfortunately, we have to sacrifice all during the year to meet our year-end obligations,” noted Dickert. Frown Now; Smile Next December The Credit Association is designed to encourage thrift. Dickert explained that the Credit Association’s payroll deduction plan is designed to make regular savings as painless as possible. Clinton employees should pay themselves first, which will build more secure financial future for employees and their families. Credit Associations Have Existed Over 100 Years The Credit Association is owned by its members who lend money to each other from a fund created by savings. Non-members cannot use the Credit Association. “We are a non-profit organization in that we are in existence for the benefit of our members.” said Dickert. Ideal ly, all of our profits are returned to membership in the form of dividends, lower interest rates on loans or addi tional services or facilities.” A primary concern of the association now, Dickert explained, is retaining a portion of its earnings to meet man datory reserve requirements and un foreseen emergencies and to keep the organization financially sound. The Clinton Credit Association has experienced a very rapid rate of growth and has granted several million dollars in loans to eligible members. Car loans are offered... and more! Fitness Employees participate in YMCA program Approximately 45 employees took advantage of the Clinton YMCA’s 20% dis count for Clinton Mills employees during January. The special reduction was the Y’s way of saying “thank you” to Clinton Mills, Inc. for generously supporting the Capital Fund Campaign. Gene Simmons, executive director of the YMCA, noted that since the center’s renovations and additions are complete, the facility offers outstanding recrea tional opportunities for participants. “We are most appreciative of the generous contribution that Clinton Mills made to the YMCA improvements,” stated Simmons. “YMCA memberships provide numerous benefits,” he added. ‘Programs which promote fitness and reduce stress, improve physical appearance and promote fun and health are offered through the Y.” 1 Bulk Rate U.S. Postage PAID Clinton, S.C. Permit No. 59 page s - Cloth Maker