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Houston Breakthrough, February 1979
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Houston Breakthrough, February 1979 - Page 10. February 1979. Special Collections, University of Houston Libraries. University of Houston Digital Library. Web. December 13, 2019. https://digital.lib.uh.edu/collection/feminist/item/6029/show/6007.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

(February 1979). Houston Breakthrough, February 1979 - Page 10. Houston and Texas Feminist and Lesbian Newsletters. Special Collections, University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/feminist/item/6029/show/6007

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Houston Breakthrough, February 1979 - Page 10, February 1979, Houston and Texas Feminist and Lesbian Newsletters, Special Collections, University of Houston Libraries, accessed December 13, 2019, https://digital.lib.uh.edu/collection/feminist/item/6029/show/6007.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Houston Breakthrough, February 1979
Publisher Breakthrough Publishing Co.
Date February 1979
Subject.Topical (LCSH)
  • Women
  • Periodicals
  • Feminism--United States--Periodicals
  • Newsletters
Subject.Geographic (TGN)
  • Houston, Texas
Genre (AAT)
  • periodicals
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location HQ1101 .B74
Original Item URL http://library.uh.edu/record=b2332724~S11
Digital Collection Houston and Texas Feminist and Lesbian Newsletters
Digital Collection URL http://digital.lib.uh.edu/collection/feminist
Repository Special Collections, University of Houston Libraries
Repository URL http://info.lib.uh.edu/about/campus-libraries-collections/special-collections
Use and Reproduction Educational use only, no other permissions given. Copyright to this resource is held by the content creator, author, artist or other entity, and is provided here for educational purposes only. It may not be reproduced or distributed in any format without written permission of the copyright owner. For more information please see UH Digital Library Fair Use policy on the UH Digital Library About page.
File Name index.cpd
Item Description
Title Page 10
Format (IMT)
  • image/jpeg
File Name femin_201109_547aj.jpg
Transcript BLOW THE WHISTLE ON RAPE We suggest everyone carry a whistle on their keychain. In parking garages, hallways, office buildings, driveways, or even at your front door it makes sense to have your keys out and ready for use...and in this simple manner you carry, a handy alarm that SOMEDAY could help you or someone else in _ trouble. 6NE MHbR£ TO A FWEMD/LQ\)ED 0M£ AS HELL *6 v0UG5aF...EALH WWSnJE.£)MES UllTW k 11 PAGE . RESOUKE fiOlDE* IS *2.00 £lUCuXeS P&lJfcie+lwO. CMtm f*VVA&£T0 "WHISTLE4'. P. O. Box 66815 Houston, Texas 77©o6 Cullen Women's Center ** offers Pregnancy Testing Problem Pregnancy Counseling and information. Call 733-5421 Monday - Saturday 9-5 pm KWIK-KOPY 4101 San Jacinto 1968 W. Gray 523-1760 526-2273 lUALITYDRESULTS HAFFCU a credit to women by Carol Bartholdi and Hildegard Warner It's been a struggle at times but the Houston Area Feminist Federal Credit Union (HAFFCU) has managed to stay in business for almost four years. Some of the early idealism remains but the experience of bad loans and delinquent accounts spurted its growth into a more careful and mature business. "We were too philosophical at the start," treasurer Joyce Cragg says. "We wanted to help everyone. Now we have tightened our loan policy. That's sort of like closing the barn door after the horse is out, but we're making excellent loans now." HAFFCU is the ninth feminist credit union in the nation, opening in October 1975. Like its counterparts, its members are bonded by feminism, rather than through a common employer, as are members of traditional credit unions. Its deposits are insured up to $40,000 by the National Credit Union Administration (NCUA). the federal regulatory agency. It was the threat of a 90-day letter from the NCUA that caused a crisis at HAFFCU in March, 1978. The credit union's financial picture had become very bleak due to an excessive number of delinquent accounts. J. E. McNeil, HAFFCU president, said the letter would have meant "If you don't clean up your act, you're in a hell of a lot of trouble." "We thought the letter was unreasonable. We had made a good chunk of bad loans and the NCUA got worried. But by then we were already improving. We were in bad shape, but we were not going downhill." The delinquency problem stemmed from inexperience and idealism. "We were amateurs," McNeil says. "People thought we were an easy touch. It's difficult to say no to a woman with a broken arm whose husband pushed her down the stairs when he found out she was pregnant." "We were loaning money too close to the margin," founder and first president Laura Oren explains. "We lent money to persons who were living on all of their incomes and would not be able to weather a crisis. "There were also a handful of feminists who defaulted on loans," Oren adds. "Because of the personal ties involved, this was very disappointing." Being hit by a professional borrower also led the credit union to tighten its credit research policies considerably, McNeil says. A woman who came into the office with six identification cards said she had three Ph.D.'s and two jobs. She snowed not only HAFFCU, but several other lending institutions as well, McNeil says. The woman borrowed a thousand dollars from each one, left town and never paid back the loan. "So we learned," McNeil says. "The next time someone came into town asking for a loan, we checked references." A three-member credit committee now reviews each loan application on a point- system basis. Each denial gets a written statement of the reason, with an analysis and suggestions for upgrading. Collections were another problem, Oren says. HAFFCU's small staff did not have the time to follow up on loans as quickly as necessary. The "90-day" letter never arrived, however, due to the efforts of McNeil. Houston Breakthrough 10 February, 1979