The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-07-22
CREDIT UNIONS
MARK END OF
LOAN SHARK
BY ]. EARLE MOSER


articles on credit unions In the
Government Service.)
Credit unions are driving the
loan shark out of existence among
personnel earning it's living under
Uncle Sans wing.
Few employees are unfamiliar
with the worker who makes a
business of lending money t.
needy colleagues for the span Of
one pay day or perhaps a month,
usually on an interest rate of 10
per cent for the period and some
times on the six for five" basis,
whereby you pay 81 for the use
Of IS for 90 days.
With the increasing total Of
credit unions, however, the parties
who have profitably organized a
Sideline business-that calls for
no work except bit Of bookkeep-
ing and collecting-have found
their necessity increasingly on the
decline.
STARTED BY NFFE
The credit union idea in Gov
eminent service was started by the
NFFE, which is maintaining such
service at Navy, Commerce, In
terror, General Accounting Office,
State, Labor, Agriculture, Inter.
state, National Park Service and
Bureau of Engraving and Print
ing. Other unions, also are in
operation at War, Treasury,
Hole, Library of Congress, the
Smithsonian Institution and a
number of other Government Of
fices.
Persistent efforts by officialdom
have been made to eradicate
money lenders from among Gov
eminent personnel, legislation en-
acted February 4, 1918, reading in
part:
BE it further provided that
any person in the employ OF the
Government who shall loan
money in violation Of the pro-
visions of this act Interest
higher than per cent an
nually) shall forfeit his office
or position. and be removed
from same"
In justice to the money LENDERS
It may be said they furnished at
least a partial remedy for a real
need until credit unions began
mushrooming. Workers in the
lower salary strata seldom live
better than hand-to-mouth, and
encounter real anxiety when i'll
ness, death or such expense as
auto trouble crashes down.
Who Remembers-When Al Cos
tello, the sport scribe, was q
rookie clerk at Agriculture and
played third base for their ball
team? 49,
Vice President Ulrey J. Biller,
retirement authority, will be in
the chair this evening as a Joint
committee from all Capital NFFE
locals considers resolutions to be
offered at the national convention
early in September. The meeting
will begin at p. m. in the NFFE
auditorium at ITO Fourteenth st
N. w.
It was revealed today thai
Charles Whitsey, president Of the
District Relief Unit Lodge of the
AFGE, No. Sc, has managed tx
obtain jobs for 40 members of hi!
unit who recently were laid off
And the District Building Lodge
No. 81, will select delegates for the
national convention tomorrow al
Duffy's Sea Grill, 1903 Fourteenth
st. N. w.
One Year Ago In Federaldom-
August was selected as the date
for the National Labor Relations
Board to decide whether John L
Donovan of MIRA was dismissed
by Gen. Hugh S. Johnson for in
efficiency or for too much union
activity. Wyatt of Agriculture
smashed four hits as the Aggies
defeated Union Printers in the
Departmental Baseball League, IL
too.
Bureau of Investigations crack
ball team still includes most Of
those who brought it into promi
nence back in 1881. Some of then
are Maurice Cook" Taylor, whit
manages; Leon Riley, Tony Ros
ser, Lester Singman, Walter Nor
ris, Willis Fisher, Eddie Coli
flower, Cody Shapiro and Nelson
Colley. Morris, former George
towner, is hitting 800, they say.
Does any worker, or group Of
them, have grievances in regarc
to working conditions, unfair Of