business

Money Markets Holding At 7 Percent Interest

By JOSEPH R. ZELN'IK Money market savings accounts interest rates here stayed basically right where they were a month ago at the county's 15 financial institutions. A half dozen S&Ls are paying 7 percent interest and Collective Federal still mysteriously offers 7:1 for its money market passbook account. All the rest are paying 6-something. yes, these are the same folks charging* minimum of 11.5 for a home mortgage. The 91 -day U.S. Treasury Bill which used to be the index that determined these rates, climbed a bit from 7.17 percent this time last month to 7.23 percent. But only one county financial institution offered higher rates than last month: Heritage Bank inched its rate to 6.82 from the previous 6.6. THE MONEY MARKET ACCOUNTS still \Vj percent better than plain old passbooks, require a minimum

balance of $1,000 or $2,500, depending on the institution, permit six transaction (three checks and three deposits) a month, a change rates weekly. Thousands of countians have millions of dollars in the accounts. Here's a list, in alphabetical order, of the financial institutions and the money market and Super Now interest rates they were paying last week. Super Now is like the money market, but permits unlimited transac- . tions and thus pays less interest in most cases. Anchor Savings & Loan, 6.65, 5.65. Cape May County Savings & Loan, 7, 6.5. Collective Federal Savings & Loan, 7, 6.3. Crest Savings & Loan. 7, 6. First . Fidelity Bank/ • South, 6.6. no Super Now. First Jersey National Goble Is Certified As Clerk AVALON — Deputy Borough Clerk Betty Goble recently was certified as a registered municipal clerk after passing the state examination required for the position. "On behalf of the borough. I'd like to congratulate Betty on working and studying to achieve clerk certification and wish her all the best," said Borough Clerk Dorothy R. Brennan, who will retire at the end of this year. Goble, a South Dennis resident, has served as deputy clerk since Jan. 1, 1984. She completed courses in focal election and finance administration, municipal records systems, management and budget and municipal clerk duties offered in Winslow Township, Camden County, by the state Division of Local Government Services.

Bank/South GMMA, 6.6. GIA, 6.45. First National Bank of Toms River, 6.79, 6.04. First Savings & Loan, 7, 6. Heritage Bank, 6.82, 5.44. Marine National Bank, 6.5, 5.6. Midlantic Union Trust, 6.6, 5.3. New Jersey National Bank, 6.32. 6.32. Ocean City Home Savings & Loan, 7, 5.8. Security Savings & Loan, 6.65, 6.5. Sturdy Savings & L/>an, 7, no Super Now.

Sweetheart Trip Slated RIO GRANDE - Cape Human Resources, Inc. is sponsoring a Valentine Sweetheart Trip Saturday. February 15, to see the Harlem Globetrotters, which includes Society Hill for shopping, a surprise tour and the Spectrum. Bus departs from the Social Services Building Park ing Lot (Rtes 9 & 47) at 11:30 a.m. For further information and reservations, contact Midge or Gladdie. 729-4902.

BUSINESS DIRECTORY MJTO DEALERS 3 MEAT OUI3^^ IMKfl 1 MMEH00F 0USH0HLE* CHEVROLET CADILLAC SALE $- SERVICE-PARTS 522-1475 CLEANERS & LAUNDER! US. rmi CLEANERS A LAUNDERERS EXPERT TAILORING Mtf SUEDE t LEATHER CARE

^rtHNTER SPECIAL ' Insulate , Don't Walt. 25% OFF PLUS FREE INSULATION with the purchase of VINYL SIDING Pro* EsUmates KING ENTERPRISES 729-4583 Sawing the seashore area for 35 years

Mr. Redditt _ is Never in Doubt BUT Frequently Wrong! WRONG So many limes. WRONG Ordered and Paid for by Avalon Committee Against Recall. Mary McBride. Trcas.

STATEMENT OF CONDITION — DECEMBER 31, 1985 ASSETS 1984 1985 First Mortgage Loans (minus loans in process) $89,033,647 SI 10.352.538 * Savings Account Loans ' 948.594 . 1,330,961 Home Improvement Loans 750,478 1,465.502 * Loans for Educational Purposes 541.974 634,422 Consumer Loans t,.. 129.981 353.019 Buildings & Equipment (minus depreciation) 1.779,986 2,097,396 Prepayments to Federal Savings and Loan Insurance Corp. . . . 38.480 41.409 Deferred Charges and Other Assets 1.729.773 1.359,050 Cash and Securities . \ 3.806,23 1 1 1 .063,867 Total Assets $108,759,144 $128,698,164 LIABILITIES Savings Accounts SI02.052.206 $120,247.6^8 New Jersey Mortgage Finance Agency .77T\ 184,964 153,277 Other Liabilities ,.) 675.721 1,075,812 General Reserves and Surplus 1 5.846.253 7,221,387 Total Liabilities - ^ $108,759,144 $128,698,164 OFFICERS SERVICES Ellis A Mixner. Chairman of the Board • Checking • Individual Retirement John H. Mead. Vice Chairman of the Board Accounts Accounts John I.. Armour. President • Money Market • Personal l oans Richard I). Rodgers. Senior Vice President Accounts • Car Loans Joanne Gray. Vice President • Passbook • Education Loans Betsy Harlan. Secretary Accounts • Christmas Clubs Dennis A Jam^s, Irtasurer • Savings • Money Orders John M l.udlamTvbnvcyanccr Certificates • Traveler's Checks Donald A. (iavcr. Attortjev • Home Loans • Sale Deposit Boxes Lenore Donohuc. Assistant Vice President • Home • Save-by-Mail Paul Bisulca. Assistant Vice President Improvement • Drive-up Teller Kenneth Hawk. Assistant. Vice President Loans Stations Kathleen Lloyd. Assistant Vice President • Consumer Loans • Free Parking Maryann Vanaman. Assistant Vice President • Equity I oans • Night Depositories Danctte McDevitt. Assistant Treasurer l__ Patricia Richard. Assistant Treasurer Deborah Yoast. Assistant Secretary M M TI I? » Margaret Wolfington. Mortgage Officer lYlrjMDrjK Federal Sayings and I oan Insurance Corp Federal Home I oan Hank N New Jersey Savings I eagnc DIRECTORS nitcd Stales Savings Clarence D. Fisher • Donald A. Gaver ! °un * George T. Harris • John M. Ludlam -.-r _ - John N. MacLeod • John H. Mead fs? FSI It" Ellis A. Mixner • Robert C. Wilson .SPSS — LENDER " First in Service " 4 * ITMI WIHK ME llll jWBM| Stone Harbor a Avalon a Dennuville a North Capa May a Cape May Court Houte 368-2911 967-7541 861-6152 884-5656 466-2700 •