Name/Title
Waupun Savings and Loan AssciationScope and Content
Historical information on Waupun Savings and Loan Association for 1976 Bicentennial Celebration in Waupun, WI.
*Facts are typed and was scanned with mistakes, if any, left uncorrected.
Twenty-Fifth ANNIVERSARY STATEMENT, June 30, 1949
WAUPUN BUILDING & LOAN ASSOCIATION
City Hall Bldg., Phone 390, Waupun, Wisconsin
OFFICERS:
President - Dr. J. A. Loomans
Vice President - H. C. Engelbracht
Sec'y-Treasurer - Marvin Schouten
DIRECTORS:
H. L. Byers
H. C. Engelbracht
Geo. S. Gysbers
A. N. Hammerschmidt
Harold M. Larson
J. A. Loomans
L. M. Loomans
Otto A. Lother
Clyde W. Storbeck
Twenty-Fifth Anniversary Statement of the WAUPIJN BUILDING AND LOAN ASSOCIATION
At the close of business June 30, 1919
ASSETS
First Mortgage Loans $485,672.59
These are first liens on improved properties in Waupun and vicinity.
Share Sinking Fund Loans 3,300.00
Loans to members secured by assignment of share accounts.
Taxes and Insurance Advanced for Borrowers 90.95
Taxes and insurance premiums paid for accommodation of borrowers.
Other Advances 2,429.97
Additional advances to present borrowers.
United States Government Securities 15,852.00
Including accrued interest.
Stock in Federal Home Loan Bank 1,250.00
Our association has applied for membership in this central reserve system and when accepted will be entitled to full credit facilities of our district bank.
Stock in Wisconsin Building & Loan Finance Corporation 2,000.00
Membership provides additional credit at disposal of association.
Accrued Interest Receiveable 184.36
Total interest due and/or accrued on all loans.
Cash on Hand and in Banks 19,634.31
Furniture & Fixtures 1.00
Deferred Charges 280.60
Prepaid expenses chargeable to future operations.
TOTAL ASSETS $530,695.78
LIABILITIES
Installment Shares $ 60,981.33
Members' monthly savings payments, plus dividends credited to date.
Full Paid Shares 352,100.00
Fully paid stock, $100.00 per share: dividends paid in cash each six months.
Mortgage Pledged Shares 3,075.71
Installment shares plus dividends pledged to repay Sinking Fund Mortgages still in force.
Loans in Process 43,226.44
Undisbursed funds authorized to complete loans recently made.
Advance Payments by Borrowers for Taxes and Insurance 5,491.37
Borrowers accrue funds with the association monthly for the payment of future taxes and insurance premiums.
Advances from Wisconsin Building & Loan Finance Corporation 20,000.00
Funds advanced to the association.
Miscellaneous Liabilities 129.01
Reserve for Uncollected Interest 184.36
Interest accrued and uncollected on mortgage loans.
General Reserves—
Legal Reserve $26,303.00
Required by law.
Unallocated 19,204.56 45,507.56
Accumulated as a protection for savers.
TOTAL LIABILITIES $530,695.78
For Security Today, and the tomorrows ahead, have savings equal to one year's income.
25 Years of Service - 25 Years of Safety - 25 Years of Dividends
There's more to Saving . . . .than Money: When you save . . . seek more than a depository for money.
You need SAFETY
Funds are safeguarded by the careful reinvestment in monthly repayable first mortgage loans on homes . . . time-proved one of the most stable securities known.
You want PROFIT
With us earnings are paid on the entire balance of your Savings Account twice yearly at an above average return.
You'll like CONVENIENCE
You may add any amount to your account at any time . . . in person or by mail. It is simple to open an account.
You'll enjoy FRIENDLINESS
Prompt, courteous service awaits you. There are no "old-fashioned" restrictions . . . no fines or penalties. Save as you choose.
We Offer Two Types of Investments
1. Installment Savings Shares - invest any amount - any time. Dividends credited semi-annually.
2. Paid-Up Shares issued for $100.00 or any multiple thereof up to $25,000.00. Always worht 100 cents on the dollar. Semi-annual cash dividends.
A Legal Investment for Trust Funds
THIS ASSOCIATION IS A MEMBER OF United States Savings and Loan League, Wisconsin Savings and Loan League, Wisconsin Building and Loan Finance Corporation Under State Supervision.Acquisition
Accession
2016.0075Source or Donor
Waupun Area Chamber of CommerceAcquisition Method
Donation
