PAGE EIGHT
Receive Aid
Credit Union
Profs
From
Professors who need assistance in developing good habits
of saving and spending may turn to the University Park
Federal Credit Union for help, Dr. Paul Holtzman, associate
professor of speech, told the Faculty Luncheon Club yester
day.
The credit union, which was set up for the University
ISA Will Ent&
Spring Week;
Sponsor Picnic
The Independent Student
Association Board decided last
night to enter both the Spring
Week Carnival and Parade. A
committee will be formed in
the near future and will consist
of board members and any other
independents on campus.
ISA will also sponsor a student
activity day on Saturday, April
15. During the afternoon the as
sociation will hold a Whipples
Day. This day will include a pic
nic and transportation will be
offered.
Whipples is a local State For
est which is used by students
and area residents during nice
spring weather. Whipples' attrac
tions are a lake, sandy beach and
a host of picnic areas.
On Saturday, April 15, ISA
plans to sponsor a hayride, simi-'
lar to the one held last fall. Defi
nite plans have not been made
yet, but they will be announced
soon, Barry Rein, acting ISA pres
ident, said.
ISA will exchange new blue
books for used ones. The old
bluebooks will be used to supple
ment the file which is open to all
students. The exchange will take
place in the ISA office during
hours to be announced later.
It was also reported that the
new constitution is ready to be
put before the board next meet
ing for adoption. This will en
able ISA to apply for a charter,
to be approved by the Senate
Committee on Student Affairs.
Ogontz Students Pion
Tour of Main Campus
The Student Association at the
University's Ogontz Campus is
organizing the first of what is
hoped to be, a series of tours of
this campus: according to Merle
E. Campbell. dean of student af
fairs for the Commonwealth Cam
puses.
The tour is being arranged
through the Student Government
Association Public Relations Com
mittee at this campus, Campbell
said. Approximately 40 visitors
are expected to participate in the
tour which:- ; will take place on
March 18.
BREAKFAST
SPECIAL
7:30 a.m. - 11:00 a.m.
2 EGGS Any Stye
BACON STRIPS
TOAST and JELLY
COFFEE, MILK, or TEA
49c
REA and DERICK
121 S. ALLEN ST.
By ELLIE HUMMER
faculty,enables its members to put
their extra money to work by
'loaning it to their colleagues or to
borrow money themselves when
'needed,n he explained in his talk
on "The Savings and Loans of
Our Own."
Other universities have had
similar credit unions for a long
time, Holtzman said, but ours
was only established in 1959. Al
though it just started, the union
earned enough profit to pay 3 1 / 2
per cent dividends to its share
holders, he said.
The union operates on the
principle that it "places the
members' money in their hands
under the federal law." he said.
In other words, each member
deposits his savings in the form
of shares and earns interest in
the form of dividends, Holtz
man explained.
One of the features of the cred
it union is the life insurance that
is carried on each member for
the amount deposited up to $2OOO.
If a member dies, this free insur
ance pays his beneficiaries double
the amount of his deposits, he
said.
The second function of the
union is to provide easily acres-
I sible loans for its members free
from the strict requirements of fi
nance companies. The union
charges 1 per cent of the unpaid
balance per month or a 12 per
cent true interest per year, he
said. This charge is generally less
than banks or finance companies,
he added.
The union has done every
thing possible to protect the sav
ings of ifs members, Holtzman
said. All officers or members
who handle the money are
bonded and the reserves are de
posited in federal insured ac
counts. Its rules concur with the
federal laws and a federal ex
, amination is made periodically
1 to locate trouble spots. Holtz
man explained.
Although the credit union here
at the University is small, it has
:3 great potential, he said. At the
present it has 300 members but
could expand to 6000 members.
During its first two years, the
union has loaned $60,000 to its
members.
Grad Student Receives
State Fellowship Award
Earl C. Kaylor, a graduate stu
dent in history from Huntingdon,
has been chosen for the annual'
State Fellowship Award of the
State Society of Daughters of
American Colonists.
He was presented the award
by Mrs. John R. Doty, of State
College, regent of the Queen Nita-
Nee chapter, Daughters of Amer
ican Colonists ; in State College,
and Mrs. Edith K. Anderson, past
regent
THE DAILY COLLEGIAN. STATE COLLEGE. PENNSYLVANIA
The new officers of Gamma ) New members of Alpha Phi
Sigma Sigma, social service soror-lOmega, national service frater
ity, are Jerrie Markos, president; nity, are: Leon App, Carl Brown,
Joan Ostovich, vice president; Robert Aartfield, Duane Carbon,
Jean Sullivan, second vice press- Thomas Conry, Daniel Cwynar,
dent; Diane Snyder, recording
secretary; Eleanor Ergood, cor- Art Davis, Lewis De Risi, Ronald ,
responding secretary; and Ade- Eike, William Houser and -George
laide Cassella, social chairman. Hugus.
Newly elected officers of Sigma
Delta Tau sorority are Fayenola
Zalmon, president; Stephanie Sil
berman, first vice president; Helen
Gutman, second vice president;
Rosalind Abes, Panhellenic dele
gate; Janet Rosenberg, corres
ponding secretary; Vivian Needle,
recording secretary; and Linda
'Shapiro, treasurer.
The newly elected officers of
Pi Beta Phi sorority are: Judith
Hanigan, preqdent; Judith Shep
ardson, vice president; Ann Ghig
hone, treasurer; 'Ellis Plowman,
recording secretary; Peggy Green,
corresponding secretary; Anita
Sheldrake, rush captain; Barbara
Elliott, pledge trainer; Patricia
Freet, scholarship; and Barbara
Vincent, social chairman.
The newly elected officers al
the Pennsylvania Omega Gamma
chapter of Pi Lambda Phi are
Jere Gainer, rex; James Dixon,
archon; John Reimer, scribe and
David Heilveil, marshal'.
New members of Scabbard and
Made, a tri-service honorary so
ciety are: Gary Kaplan, Hugh
Price, Ronald Shields, John Stan
ford. Adrian Tewksbury, Frank
Mascia, Franklin Ace. William
Bachman, Bennie Coleman, Rob
ert Hellmuth, Raymond Rodri
,guez, William Sawczyn, James
!Scott, William Hicks, Samuel
Ryan Jr., Eugene Starr, Charles
Steiner, George Sterner, John
Walt, Robert Buchenauer, Jere.
Gainer and Gregor Weiss.
Co-Edits
Representatives of the following Companies will be
here to Interview Business Administration and Liberal
THE BELL TELEPHONE COMPANY THE NEW YORK TELEPHONE
OF PENNSYLVANIA COMPANY
(Representing Telephone Companies throughout the United States)
Make Your Appointment Now with Your Placement Office
Greg Kahn, Robert Kline, Peter
Kosmo, Len Krauss, Frank Kue
bler, Michael Kulick, Max Lagal-,
ly, John Malone, William _Mathew
son, Richard Marsteller, Donald
Newell, Edward Odell, Thomas
R ogers, Edward Schenck, Ronald
Snare, Lawrence Steele, Robert
Van Doren, Albert Veri, George
Vorhauer and John Taglieber.
The newly elected officers of
Phi Sigma Delta are Herbert
Goldstein, master frater; Edwin
Grinberg, vice-master frater;
Marvin Kaplin, recording secre
tary; Mark Greenwald, ootTes-,1
ponding secretary; Melvyn Sohul
man, treasurer; Barry Kesselman,
historian.
Candidates
for Editor or Business Manager
04
The Penn State Countryman
Must apply for These positions by Friday,
March 3, through a letter submitted to:
The Countryman Publication Board
115 Carnegie
University Park. Pa.
Arts Majors
Planning, Operations and Accounting
TUESDAY. FEBRUARY 28..1961
Leonides--
(Continued from page one)
the sorority women. The two
can't work well together be
cause their interests lie in two
different fields one is pro
moting sororities and She eth
er. independents." she said.
Also, if a good idea occurs to
a sorority 'council member, she
might give it to her sorority to
promote it instead of to the coun
cil. When a Leonides member
thinks of en idea she isn't re
stricted by other interests, but is
able to present it to Leonides,
Shockey concluded.
'Leonides should cease to exist
only when the community coun
ells can effectively coordinate
and sponsor worthwhile activities
for the independent women," Miss
Shcokey concluded.
&whin Authors Papers
Dr. Sidney A. Bowhill, associ
ate profesor of electrical engineer
ing, is author of two papers in the
February issue of Atmospheric
and Terrestial Physics.