Cape May County Herald, 23 January 1980 IIIF issue link — Page 5

Wednesday. January 23.1980 r r. tf 1 "i i 1 1.

T 0 N M A R 1 O HAIR STYLISTS 3009 Pocific Av*. Wildwood 522-0215

S&L Reports New Record In ‘79 Assets

COURT HOUSE - Frank Strohm. president of the Cape May County Savings and Loan Association, reports a new record high for the association as 1979 assets rose to $75.3 million, an increase of almost $9.9 million over 1978. Strohm sees this as a remarkable achievement in the face of adverse lending conditions last

year.

Saving gains at the savings and loan association totaled almost $8.4 million during 1979, bring total savings to $69.6 million — another record for the association The association president also reported that during the year the association paid the highest rate on all savings allowed by law and that

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despite the lower interest rate nn mortgages, continued to make every effort to grant mortgages during 1979. The association granted $12 million in mortgates — ^pll within the county. Mortgages at the end of 1979 totaled $62.5 million — an increase of $4.75 million Over 1978. Strohm said in a news release, that Cape May County Savings and Loan Association is looking forward to the new year with "renewed excitement" regarding new certificates and possible ndw benefits for the small saver Tubman Film at Meeting Tonight COURT HOUSE-A film on Harriet Tubman will be shown during the evening’s i Wednesday at 7) meeting of the county branch of the NAACP. The public is invited to see the movie and sit in on the regular business meeting which follows at 8. The gathering is in the county library public meeting room.

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- JAN. 24,25,28 f 27

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Our NEW 30-month certificates EARN 10.4% interest per annum $1,000 minimum ^^^ote^ffectivigJ|hrouqlOonuqrv^lM98^^^

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