Sioux City Journal from Sioux City, Iowa • 19

TheSiqux City Journal, SundayJuty j1 994 3 Home equity loans popular KTIV names DeSchepper Succeeds retiring Bill Turner at television helm 'A i i a 1 the borrower's home may be lost if payments on the loan cannot be made. Other disadvantages are that the interest is usually variable, making the cost of borrowing unpredictable. There may also be an additional charge for title search, loan origination, credit report, appraisal, mortgage preparation, and possibly an annual fee. Home equity loans are for you if you have a secure income, cash reserves and the ability and desire to repay loans quickly. Avoid these loans if you are already spending 20 percent or more of your take home pay for debt payments (excluding mortgage), have uncertain income or can only afford to make minimum payments.

rate to the consumer. As with all consumer loans, there are both advantages and disadvantages to home-equity loans. The advantages of home equity loans include interest rates that are usually only 1 to 3 percent above the prime rate and interest charges will not appear until money is drawn from the account. People often choose home equity loans over alternative financing sources for consumer purchases because the interest paid is generally fully deductible from federal income taxes. The one time loan approval process can provide credit for many different purchases over a period of up to 10 years.

The major disadvantage is that Home equity loans have become a popular way to borrow money for a wide variety of purposes, including vacations and education. More than one out of four private homes now have home equity loans. A home equity loan is much like a personal line of credit. It permits the borrower to write checks against an approved credit limit, which is determined by the equity in your home. Equity is the difference between the market value and what you still owe on it.

It is the part that you own "free and clear." Lenders see this untapped home equity as a way to increase the security of their loans and make it easier to offer a lower interest vision, along with four other television stations. "With his extensive broadcast and civic work background, Jim understands the important role and responsibility a television station has to serve its viewers, advertisers and all the communities in its broadcast area. "We are very appreciative of Bill Turner's tremendous leadership over the past five years," Oakley said. QNI purchased KTIV in 1989 and Turner joined the station as vice presidentgeneral manager following a 20-year career as vice president? general manager of KCAU-TV. DeSchepper is a 1972 graduate of Southwest Minnesota State University with a bachelor of arts degree in communications.

He and his" wife, Peg, have two children and will be moving to Siouxland in late August. Turner DeSchepper Jim DeSchepper, a native of southwest Minnesota, has been named vice presidentgeneral manager of KTIV Channel 4 in Sioux City. He will join the station in late August, succeeding Bill Turner, who is retiring. DeSchepper is currently the vice presidentgeneral manager of Park Broadcasting's WSLS-TV (NBC) in Roanoke, and has served in that capacity since 1986. Prior to his position in Roanoke, he was opera- lions manager for three years at Park's station WTVR-TV (CBS) in Richmond, Va.

He has also held positions early in his career in televi-, sion stations in Atlanta, Green Bay, and Mankato. Minn. Active in community affairs, DeSchepper is a member of the board of directors of Junior Achievement of Southwest Virginia and active in the Roanoke County Vocational and Adult Education Advisory Council and Kiwanis Club of Roanoke. "We believe Jim is an ideal choice to lead KTIV as it continues to be the leader in news, entertainment and community involvement for Siouxla-nd," said Thomas A. Oakley, president of Quincy (111.) Newspapers Inc.

QNI owns and operates KTIV Tele pjjsT Sheila Dye has joined the staff of Lutheran Social Service as a social worker in the agency's family-centered in-home and foster care pro Officials at Security National Bank announce that Kan Arment has joined the mortgage services area as a mortgage loan originator. Arment will be responsible for A originating loans, as well as devel- ft oping customer and Realtor rela-tions. Before "University of South Dakota and took her undergraduate work at Westmar. Prior to joining WITCC, Wahlstrom was a lead teacher and assistant director of the Sanford Center. The 1994 graduates of the Lincoln Medical Education Foundation Family Practice Residency Program include a physician assigned to Sioux City.

Joseph Klnzay, M.D., will be joining the emergency room physicians at St. Luke's Regional Medical Center. Sioux City native Gary B. Miller Sr. has been named vice president of 'sales at Packerland Packing Company of Green Bay, Wis.

Miller joins grams. Dye earned her bachelor of science degree in psychology with a minor in sociology from Lincoln University in Jefferson City, Mo. Before joining LSS, Dye worked for Opportunities Unlimited- as a residential coun joining Security National. Arment I -m By msinfgNJi 4 Drawer File 25" Deep Width Full Suspension Thumblatch spent the past three years in a 1 Dye Provided by The Daily Reporter Chapter 7 Carol Sue Hardcopf, Algona, Iowa, liabilities $22,259, assets $19,700. Brett A.

Smith and Veronica K. Smith, also known as Veronica Guy and Veronica Deemen, liabilities $35,632, assets $6,654. Jesus Nuno and Maria R. Nuno, South Sioux City, liabilities $56,142, assets $51,400. Nhan Vam Tran and Muoi Thi Hua, 1619 Court liabilities $36,175, assets $48,475.

Kandall W. Johnson and Teresa McDowell Johnson, Le Mars, Iowa, liabilities $56,577. assets $5,927. Anthony J. Schmieder, also known as Tony Schmieder and Artha A.

Schmieder, also known as Archie Schmieder, Charter Oak, Iowa, liabilities $76,550, assets $41,684. Timothy P. Johnson and Cynthia A. Johnson, 3017 S. Coral liabilities and assets not listed.

Dean A. Frederick and Vicki J. Frederick, also known as Vicki J. Jones, liabilities $37,529, assets $14,730. Chapter 13 Timothy William Shuminsky, 3715 Summit liabilities $99,716, assets $31,752.

Dismissals Marlin Eugene Hultman, Chapter 3 iMmuar cupraiy Arment as a mortgage loan originator with First Western Financing of Greeley, Colo. Originally from eastern Nebraska, Arment earned his bachelor of science degree in business ad-' ministration from the University of Nebraska-Kearney. 530 Series Delivery. selor. Prior to that, Dye spent a year with New Horizons Community Support Services working as a case manager.

During her studies in higher education, Dye received an award for academic excellence in psychology and was named on the Dean's List. Two employees have been pro moted at Guarantee Oil Co. Inc. Dob Zastrow has been appointed from city sales manager to branch manager of the Sioux City operation. Her career with the company began in 1978.

Also, Becky Yeoman Packerland from Murco Inc. of Plainwell, where he was vice president of sales and served in other capacities over the past four years. Earlier, he held sales positions with IBP GENERAL BUSINESS Sioux Cityan Conni Wahlstrom has been named coordinator of Child Care and Child Development Pro- grams at Western Iowa Tech Com- munity College. Wahlstrom, previously child care instructormanager, assumed her new duties July 1. She joined the WITCC staff in 1987 as a child care i specialist.

She has a master's degree in elementary education with em-; phasis in early childhood from the Miller Packing Com- Office Furniture Design 7th NEBRASKA SIOUX CITY, IOWA Dubuque Packing and Tama (712) 255-0181 pany of Tama, Iowa. Miller is a graduate of Heelan High School. 13. Paul J. Cote, 3442 Concordia Drive, Chapter 7.

ilia has been promoted from accounts payable clerk to office manager. Yeoman has been employed with Guarantee Oil Co. Inc. since 1989. Congress moves to end windfall profits of national park vendors IS Anyone who is affiliated with or interested in the advertising and marketing industry is welcome.

Yeoman WMFJTS YOU! BNC WASHINGTON (AP) Congress is on the verge of ending what critics call decades of windfall profits for the private businesses that sell everything from hot dogs to hotel rooms at America's national parks. The House by a lopsided 386-30 vote last week agreed to radically change the way the government deals with park concessionaires, opening the process to more competition with the aim of getting more money for the government. A similar bill cleared the Senate in March, making it almost certain the legislation will be sent to President Clinton this year. Only minor differences remain to be worked out between the two bills. Both measures are aimed at getting concessionaires, who operate hotels, restaurants and other facilities at parks, to pay the U.S.

Park Service higher fees for the right to do business on park property. The Advertising Federation of Sioux City is currently renewing memberships and inviting prospective members to join. The Advertising Federation of Sioux City offers members many opportunities, including: Special Programs Networking ADDYS Workshops Media Masters Conferences "It's time for us to quit being Uncle Sucker. It's time for change in concessionaire policy," argued Rep. Mike Synar, a principal sponsor of the legislation.

Over the years, the government has received less than 3 cents out of every dollar that private concessionaires receive from park visitors. Synar said that is much less than vendors are required to pay in state and local parks. According one congressional study, park visitors in 1992 paid $650 million at parks for such things as food, lodging and tours. Of that, the U.S. Park Service received only $17.1 million, or 2.6 percent, in franchise fees.

The House and Senate bills call for shortening concession contracts and eliminating the traditional preference the Park Service has given to companies already holding concession rights. After August 1, 1995: $75 Full Membership $65 Social Membership Dues on or before August 1 1 994 $60 Full Membership (includes voting privileges) $50 Social Membership BUSINESS NEWTORK COMMUNICATIONS, INC We Are Wholesale Long Distance Company You Have Been Looking For Thinking about renewing your MCI CONTRACT FOR YOUR BUSINESS TELEPHONES? Call Us First! You don't have to sign multi-year contracts with financial penalties to get GREAT RATES AND EVEN BETTER SERVICE DICKVAUGHT Supervising Independent Representative BUSINESS NETWORK (Students memberships are available for $5. you have any questions please contact BECKY NICHOLS 712239-4100 NAME COMPANY NAME Mail membership application to: The Advertising Federation of the Sioux Cities PO Box 1554 Sioux City, IA 51 102 i ADDRESS. Sioux City Engineer Club, noon Wednesday, Bonanza Restaurant, program on the Shrlners Hospitals for Crippled Children by Duane Dybdahl. Sioux City Noon Lions Club, noon Monday, Elbon Club.

Sioux City Optimist Club, noon Thursday, Rlverboat Inn. Sioux City Rotary Club, noon Monday, second floor of the Hilton Inn, program by Bill England, vice president of corporate marketing for Argosy Gaming Company, which Is bringing the new riverboat to the city. Suburban Rotary Club, noon Thursday, First Edition. nAV PMDMP BuilnaM Udr Club, 7:15 am. Wednesday.

Elbon Club, program by Dick Miller of Charley Miller Body Shop. Coimopollun Club, 7 a.m. Thursday. Nor-bs Restaurant, Transit Plaza. Evening Optimist Club of Sioux City, 5:45 p.m.

Tuesday, Little Maroon's Restaurant, Best Western Regency Executive. Full Gospal Business Men's Fellowship, 7 a.m. Saturday, Pepperdlne's Restaurant Kiwanis Club of Sioux City, noon Thursday, Elbon Club. Morning Optimist Club, 7 a.m. Wednesday, Norby's Restaurant Sertoma Noon Club, noon Friday, Elbon Club.

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