business

Sturdy Assets Go Over $100 Million

STONE HARBOR - In 1984, Sturdy Savings and Loan Association's assets passed the $100 million mark for the first time, reaching $108 million, an increase of 53 percent in two years, according to John L. Armour, president. Armour made the announcement at Sturdy's recent annual meeting. Also at that meeting, Ellis A Mixner, a 45-year veteran of the board of directors was re-elected as president. BOARD MEMBERS John H. Mead, who serves as vice chairman of the board, and John M. Ludlam were both re-

elected to three-year terms. Armour attributed Sturdy's steady growth to continued customer satisfaction and confidence. "Since 1922, we've been dedicated to serving the people of Cape May County. Our growth is a strong sign that people like the way we are operating and the fact that we are an independent financial institution operating only in Cape May County," he said. "IT SHOWS us that it's not, how big you are, but how good you are that counts," Armour said. "Our association is one of the strongest and sturdiest in New Jersey and one of

the few which has not merged or changed-, its name in 63 years." The president also, reported that Sturdy added $723,000 to its reserves in 1984, another indication df the banner year the Association enjoyed. Changes in two of Sturdy's five offices were initiated in 1984. Renovations were started in late 1984 to provide full-service facilities at Sturdy's Avalon office, where driveup service, safe deposit boxes and a night depository will be added. As construction continues, full lobby services are being maintained with a Mobile Finance Unit located at the site.

CONSTRUCTION was also initiated in 1984 on Sturdy's new North Cape May office,' 3851 Bayshore Road. The new office, which replaces the office opened in 1981, opened Jan. 17 providing customers with full services. Ken Hawk was appointed as branch manager of Sturdy's new North Cape May office. Sturdy also adopted a computerized accounting system in 1984 which will help the association better serve its customers* needs. Sturdy has five offices in Cape May County: Stone Harbor, Avalon, Dennisville, Cape May Court House and North Cape May.

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CCC Offers 81 Courses In Evening VINE LAND — For people who work during the day but still desire education, Cumberland County College is offering 81 varied evening courses to choose from during spring semester, which will be conducted Feb. 4 through May 20. Some evening courses offered include Accounting Principles II, Advertising, Sales Management, Computer Literacy, Data Processing Concepts, COBOL I, Elementary French, Introduction to Painting, English Composition, Wind Symphony and Developmental Reading. STUDENTS enrolling in evening courses may also take Effective Speech, CAM/EDM, Criminal Justic Field Work, Legal Office Management, Introduction to College Mathematics, College Algebra, Real Estate Salesperson, Introduction to Biology, Principles of Science II, Word Processing Operations and Western Civilization. Final registration for the spring semester will be held in the college records office Feb. 4 through 7 from 9 a.m. to 7:30 p.m. On Feb. 8, students may register from 9 a.m. to 4 p.m. For further Information, call 691-8600, ext. 223.

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WILLIAM L. NEIDIG Chief Executive Officer

Vice Presidents Steven E. Brady George L. Elkins Fred W. Gant. Sr. Vincent J. LoPresti John K. Mulligan Jesse L. Williams

Asst Vice Presidents Anne M. Brennan Debbie L Brown Theresa A. DeLuca

internal Auditor Marilyn S. Baranski Assistant Secretaries Esteike B. Hendricks Theresa A. KHIian Bobbt German-Smith

Secretary Theresa A. DeLuca

Treasurer William B. Frambes

Assistant Treasurers

Dorothy L. Bennett Kathleen N. Brennan H. Jo Capelli Kathleen T. Colanzi Kathleen S. Cooper

Eleanor L Hunt Rosemarie A. King Wendy M. Pfeffer Janet B. Schaeffer Margaret H Spollen

STATEMENT OF FINANCIAL CONDITION

ASSETS Cash on Hand $2,728,277 Mortgage Loans 135,792,535 Commercial Loans 931,087 FHA Improvement Loans 290,337 Loan on Savings Accounts 1,091,953 Student Loans 619,329 Consumer Loans 849,381 US. Government Securities & Certificates of Deposit 13,431,202 Stock in Federal Home Loan Bank 1,231,900 Other Investment Securities 2,848,355 Office Building Equipment (Net) 4,384,404 Deferred Charges & Other Assets 4,504,875 TOTAL - 168,703,635

LIABILITIES Commercial Checking 730,250 N.O.W. Accounts 4.360.451 Savings Accounts 149,164.647 Advances from F.H.L.B J.. 5.600.000 Other Advances 1.382,669 Advances by Borrowers for Taxes 729,089 Other Liabilities 1,689,630 Reserves & Undivided Profits . . 2,626,840 Appraised Equity Capital 2,420,059 TOTAL 168,703,635

EACH SAVER'S FUNDS ARE INSURED UP TO $100,000 BY FSLIC DIRECTORS GEORGE FIELDHOUSE Chairman of the Board

Walter Buzby II Security Consultant Joseph DiOrio. Sr. President. Circle Cale. inc.

Henry J Glaser James Salt Water Taffy Howard J. Lynde. Jr. Anchor Savings & Loan-Retired

Samuel J Shuttleworth President. Shuttleworth & Rowe. Inc. Emanuel Solomon Hotel Retired

Robert P. Turnbull President. Baycroft. Inc. Jesse L Williams General Hardware. Retired

Attorneys Blatt. Makone, Biel. Zlotnick. Romberg & GrifWh, PA. Koury, Tig he & Lap res

Auditors Fiore, Miller & Quigley

ANCHOR SAVINGS & LOAN ASSOCIATION

MEMBER FSLIC