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Project Main Details
Voice over requirement - a fairly straight read - warm and friendly.
We'll need to conference by phone prior to recording to review pronounciations on some "Hoosier" names and towns! Mar 03, 2006 10:27:24 (GMT -05:00) Eastern Time (US & Canada) Mar 05, 2006 00:00:00 (GMT -05:00) Eastern Time (US & Canada) No (click here to learn more about
Project Parameters
Script Details
opportunities to improve their financial lives. That’s the Beacon
Credit Union way.
Thank you for attending our 75 th Annual Shareholders meeting. We are
glad for this opportunity to tell you the Beacon Credit Union story.
The birth of our financial cooperative is linked to one specific gathering
that occurred in Indianapolis in early 1931. Boston merchant Edward
Filene, who many consider the founder of the American Credit Union
movement, was making his way across the country introducing the idea
of financial cooperatives. While in India in 1907, he was exposed to
the concept of financial cooperatives and was convinced that this new
kind of financial institution could turn any population’s mistreatment
by creditors into one of prosperity, and he set out to make it happen
in the United States. In Indianapolis, Filene met with a group of
Hoosiers in the Hotel Indiana.
Included in that group was Wabash County Preacher and Farmer Gus
Thompson. Thompson was concerned about the treatment of his
fellow farmers who were losing their properties through foreclosures to
the loan companies and were being charged as high as 42% interest per
year. Believing the cooperative system was the application of practical
Christianity at work in the economic field; Gus returned from that
meeting with Filene and became the driving force behind the creation of
Wabash County Farm Bureau Credit Union - now known as Beacon
Credit Union. He volunteered his time to organize the credit union and
served as its first Manager until 1947 and remained on the Board of
Directors until 1950. Gus Thompson passed away in December of
1950.
On June 2, 1931 seventy-five people gathered at Memorial Hall in
Wabash for the first Annual Meeting of Wabash County Farm Bureau
Credit Union. This group of farming leaders' simple vision was to
provide savings and dependable loan programs, particularly to farmers.
They believed they could provide financial products and services for
themselves better than relying on others to do it for them. A six
percent Annual Percentage Rate was declared on all passbook savings
and thirty seven dollars and fifty cents in member deposits were
collected at that first meeting, increasing to over three thousand dollars
by the end of 1931. A loan limit of twenty five dollars was initially set
however in August of that same year, the Board elected to award loans
exceeding one hundred dollars to members with special board approval.
Logo w/75 th button
Slide titled
“Our History”
Edward Filene
Gus Thompson –
close-up
Photo of 1 st office…
circa 1930’s. Guiding the way for our members in order to provide them with
opportunities to improve their financial lives. That’s the Beacon
Credit Union way.
Thank you for attending our 75 th Annual Shareholders meeting. We are
glad for this opportunity to tell you the Beacon Credit Union story.
The birth of our financial cooperative is linked to one specific gathering
that occurred in Indianapolis in early 1931. Boston merchant Edward
Filene, who many consider the founder of the American Credit Union
movement, was making his way across the country introducing the idea
of financial cooperatives. While in India in 1907, he was exposed to
the concept of financial cooperatives and was convinced that this new
kind of financial institution could turn any population’s mistreatment
by creditors into one of prosperity, and he set out to make it happen
in the United States. In Indianapolis, Filene met with a group of
Hoosiers in the Hotel Indiana.
Included in that group was Wabash County Preacher and Farmer Gus
Thompson. Thompson was concerned about the treatment of his
fellow farmers who were losing their properties through foreclosures to
the loan companies and were being charged as high as 42% interest per
year. Believing the cooperative system was the application of practical
Christianity at work in the economic field; Gus returned from that
meeting with Filene and became the driving force behind the creation of
Wabash County Farm Bureau Credit Union - now known as Beacon
Credit Union. He volunteered his time to organize the credit union and
served as its first Manager until 1947 and remained on the Board of
Directors until 1950. Gus Thompson passed away in December of
1950.
On June 2, 1931 seventy-five people gathered at Memorial Hall in
Wabash for the first Annual Meeting of Wabash County Farm Bureau
Credit Union. This group of farming leaders' simple vision was to
provide savings and dependable loan programs, particularly to farmers.
They believed they could provide financial products and services for
themselves better than relying on others to do it for them. A six
percent Annual Percentage Rate was declared on all passbook savings
and thirty seven dollars and fifty cents in member deposits were
collected at that first meeting, increasing to over three thousand dollars
by the end of 1931. A loan limit of twenty five dollars was initially set
however in August of that same year, the Board elected to award loans
exceeding one hundred dollars to members with special board approval.
Logo w/75 th button
Slide titled
“Our History”
Edward Filene
Gus Thompson –
close-up
Photo of 1 st office…
circa 1930’s.
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