TRONA - Assets of the Searles Lake Federal Credit Union have grown to 6, 799, 437, as reported at the annual meeting last week. This is about $650,000 more than the previous year. The credit union is open to any Searles Valley resident and had 3,103 shareholder accounts as of the end of 1973. Annette Pastrone and Walter Martin were re-elected to the Union's board of directors. Max Rosen was reelected to the credit committee by the 30 shareholders who attended the meeting. Meetings are open to all shareholders. Shareholders received $341,138 in dividends last year, six per cent quarterly.

Dan Mullin told those at the meeting about the new Microfiche machines being installed to reduce the amount of paper used. The machines take photographs in reduced size of daily-work records and when they are needed to be viewed, the machines enlarge them for the personnel. Two machines will be used so that two employes may work with different sets of records at the same time. The microfilm storage saves space as well as paper. After the annual meeting the board met and elected the following officers: Odell Raker, president; Walter Martin, vice president; Annette Pastrone, secretary; and C. C. Jones, treasurer. Shareholders have been mailed their annual statements of interest paid and dividends received as well as balances in their accounts.

"Credit Union lists increased assets," San Bernardino Sun, January 27, 1974, Page 70