The Algona Upper Des Moines from Algona, Iowa on January 11, 1966 · Page 7
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The Algona Upper Des Moines from Algona, Iowa · Page 7

Algona, Iowa
Issue Date:
Tuesday, January 11, 1966
Page 7
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HOME FEDERAL SAVINGS & LOAN ASSOCIATION Part and Parcel of the deep rooted business that came to stay 1917-1966 The families vrho save with us, or who take tfte.road to home ownership with our help, are Irving proof of the contributions of the 129 billion dollar savings and loan business to the economy of our nation, and in particular to this community. People who want to enhance their financial future entrust their savings to us. We, in turn, give these savings steady growth through the regular addition of generous earnings. Families who want a home of their own come to us for convenient, economical home loans. This is a case of neighbor helping neighbor; for the money saved here furnishes the funds to supply the home financing. In turn, as homes are built or bought, the community benefits. Money paid to contractors, tradesmen, realtors and sellers is respent locally, giving our economy regular stimulation. As "specialists" in savings and home financing, we can help you to enhance your financial future. Give your personal economy deep roots by saving or borrowing here. 'SAFETY OF STATEMENT OF CONDITION December 31, T965 ASSETS Mortgage Loans and Other Liens on Real Estate •__ $20,044,808.54 All Other Loans 319.439.51 Real Estate Owned and in Judgment __ 41,741.29 Loans and Contracts Made to Facilitate Sale of Real Estate 40,033.93 Cash on Hand and in Banks 383,479.42 Investments and Securities 2,500,618.75 Fixed Assets Less Depreciation 164,932.76 Deferred Charges and Other Assets __ 139,958.22 Total Assets $23,635,012.42 LIABILITIES Savings Accounts $21,035,884.13 " " 560,756.55 270,399.79 42.913.99 1,725,057.96 Loans in Process Other Liabilities Specific Reserves General Reserves Surplus Total Liabilities and Net Worth §1,478,460.56 246,597.40 .-$23,635,012.42 DIRECTORS: C. K. LaUarre. M. J. Mowers, M. G. Norton. G. W. Stillciian. Karl R. Hoffman, D. E. Dewel, G. W. Shunway, Harry L. Green berg. OFFICERS: C. R. LaBarre. President; M. J, Mowers, Ex. Vice Pres. and Sec'y.; Mark R. Stanton, Vice Pres. and Treas.; Richard A. Ringsdorf, Cashier. Home Federal Savings & Loan Assn. -je**'iirt ;*«^ H^F All Accounts Fully Insured to $10,000 Save Frojn The 15th — Earn From The 1st 6URRENT RATE OF EHUMS SINCE 1917 - ALGONA, IOWA All Savings Accounts insured up to $10,000 by the Federal Savings and Loan Insurance Corporation of Washington, D. C. ' «"-.-•- EFFECTIVE JAN. 1, 1966 COMPOUNDED SEMI-ANNUALLY

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