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THE CROWLEY POST SIGNAL Acadia Savings & Loan Birthday Edition
Edmund M. Reggie has distinguished himself as an early sta where he was born and grew up. He was graduated from St. Mice Southwestern Louisiana with honors and at the age of 19 yea University, where he received his J.D. degree in 1949.
When he was 24 he became Crowley City Judge to become I When he was 30 he organized the Acadia Savings and Loan Asso had already organized the Louisiana Bank and Trust Company.
When he was only 29 years old he became the youngest adviso K. Long and he has been advisor to every succeeding governor At 30 he was the youngest Chairman of the Board of any finani one of the youngest in the nation.
Judge Reggie retired from the Crowley Judgeship in 1975 practice of law in the firm of Reggie, Harrington and Boswell.
Three years ago Governor Edwards named him Chairman of t on Reorganization of the Executive Branch of the State Goven post, unpaid. Almost the entire Executive Branch has been leadership and the remaining portion will be completed this year.
Judge Reggie has served the nation as the personal Envoy of the countries of Lebanon, Syria, Jordan, Saudi Arabia and Eg3 Board of Selectors of the American Institute of Public Service America and other directories of leading Americans.
Judge Reggie has served as the Association's Chairman sin nessing its 20th birthday with assets of over 40 million dollars III goal set out two decades ago.
He is married to the former Doris Boustany and they have si Denis. Gregory, Alicia and Ray.
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Savings & Loan I
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History
the snow. . .not after all the months of hard work getting it chartered."
"People were quick to give us a helping hand," Reggie added. "and we were immediately favored with savings accounts and home loans that pushed us forward, beyond even our most optimistic predictions set out in our application."
"We are proud of our personnel and especially pleased that they stay with us and contribute so much to the success of the business," Reggie noted, "in fact, Jo Ann Broussard joined us thirty days after we organized and remains, Kenneth Comeaux, Executive Vice President and Director, came to us on getting his B.A. degree from U.S.L
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and Willie Mae Dailey joined the staff in 1967.
Its history has proved that the Acadia Savings and Loan Association is a determined institution, guided by determined Directors who see the association as an instrument of great public service, where everything possible will be done to serve savers and borrowers in the most up-to-date, speedy and courteous manner.
Perhaps that is why, after only 20 years, the Acadia Savings and Loan Association is the largest in Acadia Parish, forging ahead with its new building, new concepts of public service and new and expanded facilities to meet the challenges and needs of today, tomorrow and a growing Acadia Parish.
State and Federal laws and regulations set serious and stringent standards of business behavior on the Acadia Savings and Loan Association. And among those standards are written laws, promulgate, rules coupled with annual examinations by the Federal Savings and Loan Insurance Corporation, the Louisiana
State Commissioner of Financial Institutions and an independent audit made every year by an approved firm of Certified Public Accountants.
Among the laws that regulate savings and loans in America is one that prohibits the loan by the association to any person employed by it or to any Director serving on its Board for any other reason than a loan on the home in which that person actually lives.
This has been a long standing law that prevents self-dealing in a savings and loan and no "insider" who is connected with the association is ever allowed to use his influence to obtain any loan for any purpose
whatsoever except for his own home loan.
And the interest rate charged to such "insider" cannot be lower than the prescribed rate that is computed against the association's cast of money. And each exmination, which occurs once by Federal authorities and once by the State authorities each year, searchs for all transactions, to make certain that there is no self-dealing occurring in the association.
Accountants for the Acadia Savings and Loan Association is
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