The Washington times., 1935-07-23

eminent SerDtceJ
Extent of the use to which
credit unions are put by Federal
workers is amply illustrated by
the May report of the General
Accounting Office group, which
operates under NFFE auspices
and is limited to affiliates Of that
organization.
According to the books of Cath
crime Furey, treasurer, a total as
set figure of $3,361.58 showed 3d.
2O1.29 in loans outstanding on
May 31-more than 80 per cent
being used by members to extract
themselves from financial Difficult
ties.
With 1873 members, all pledged
to purchase at least one share at
$40, the unit had $3,163.50 in
shares subscribed for, with guar
anty fund of $501.83 set aside
against possible bad debts. Undi-
vided surplus and profit amount
ed to $138.25 since December OF
1888, showing the venture to be a
good investment for share pur'
chaSerS.
According to Miss Furey, the
average loan is 500, and during
a month the number of loans re-
QueSted by members may vary
from four up to Is. In order to
become member of the credit
union an employe must subscribe
for at least one share, plus a 25-
cent entrance fee, and the inter
est on loans is but ! per cent on
the unpaid balance.
Aside from its advantages OF
low interest and forced" invest
ment for members, the credit
unions principal strong point is
its lack of red tape in obtain
ing a loan, employees not being
forced to go through the rigma-
role of having two or more CO.
signers. The union, naturally, is
protected by the opinion in which
q defaulter would be held by CO.
workers and the harm such de-
falcation might do his position in
officials opinions.
Almost 500 unions hold char
tiers. under Farm Credit Admin
istration at the present time, al
though those sponsored by NFFE
are not chartered other than the
auspices they hold under the
organization.
Three examinations have been
announced by the Civil Service
Commission. A test for senior
specialists, specialists, associates
and assistants in maternal and
child health-at the Children's
Bureau, Labor-calling for sal
aries ranging from $4,000 down
to $4,000, will close August 10.
Medical graduation and one years
i1terneShip are required.
An assembled test for alpha.
bette accounting machine oper-
ators, at $1,44O, will close Au-
gust IL, as will an examination
with salaries ranging from $4,000
for pathologiSts, assistant agrono-
miSts and assistant geneticists,
to $4,000, at Bureau of Plant In.
duStry, Agriculture. All data is
available at the commission, Sew
venth and F SITS. N. w.
Declafing that the drive for an
other economy" wave is now on,
President e. Claude Babcock, of
the AFGE, has struck at the re-
cent demands of the American
Liberty League that the Admins
tration economic in the number
Of Federal employees and the con.
sequent pay roll. He said, in part:
"The league and its wealthy
sponsors want plenty Of Gov
eminent service but they do not
particularly want to pay for it
the American public is fully
aware that the gentlemen who
back the Liberty League are
largely responsible for the eco
homie chaos into which we
have been plunged, and that
they are doing little, If anything,
to get us out of it,"
One Year Ago in Federaldom-
Pretty Lorraine r. Rogers, a New
Yorker, was discovered working at
Commerce. The NFFE held its
annual moonlight jaunt down the
Potomac, with Mrs. Rebekah K.
Pedigo acting as excursion chair
man, aided by Albert M. Reising,
Interior; Henry G. Nolda, Vet
Grams Administration, and Elmer
Thompson, Agriculture.
Adjutant Generals Office, Local
No. 372, NFFE, meets this evening
at ITO Fourteenth st. N. W., at 8
p. m.
Pointing out that Secretary of
Labor Perkins has expressed SINH.
lar views, members of the Central
Labor Union and other A. F. L.
units have protested against ru-
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