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SEPTEMBER 13, 1989

Save up to $200 on a computer loan
The college has approved interest free
loans of up to $2,400 each to assist
employees in the purchase of computer
equipment.
The loans, which will apply to purchases
of computer equipment and accessories
after September 13, have a value of up
to about $200 in interest saved. Employ¬

ees will repay the loans through payroll
deductions at up to 12 equal payments

beginning in the month following the
loan.

"The Purchasing Department has

compiled a list of dealers that the college
does business with and some have

indicated they will provide discounts to
VCC employees, but employees are free
to make their own arrangements," said
Jim Ho, Director of Financial Services.

"Although the college will advance the
money interest free for one year, it's just

like getting a loan from the bank; the
purchase transaction is between the em¬

ployee and the dealer. Any question of
warranty or after sale service problems
will have to be resolved between the
buyer and seller."

An application form for the loan is
printed on the back. It should be for¬
warded to one of the following College
Executive Committee members: WI
Principal, Hans Rerup; KEC Principal,
Lawrence Fast; Langara Principal, David
Cane, Acting Director of Continuing
Education, Gail Rochester; Bursar, Max
Fleming; Director of College Resources,

Ted Green of the VCC Music Department at KEC plans to take advantage of the interest free
loan to purchase a computer for home use.

Ross Carter; International Education
Director, Tom Toulson. Employees will
also be expected to fill out a payroll
deduction form when they present their

MNCOIIWi

COMMUNITY

COUSG€W^:

receipt of purchase to Tosh Dcesaka,
Accounting Supervisor.

Continued over page

From page one

Cyber Videocom

Infomax

For the purpose of the loan, an employee

971 W. Broadway

999 Pacific Ave.

is defined as a salaried regular employee
or salaried term employee with a term
longer than the repayment period.
Employees are reminded that the interest

free loan is a taxable benefit and will be
specified on their T4 slips. Also, the

college expects about 100 applications
for the loans, so it is wise to act quickly.

733-8999
Attn. Kok Teh

6880696

Attn. Shirli Smith

Heath/Zenith
3058 Kingsway
437-7626

276-8845

Attn. David Oberman

Attn. Paul Mang

Boulder Technologies

10991 Shellbridge Way

Crowntek

Here is the application form and a list of

1500 W. Georgia
689-8994

suppliers.

Attn. Mark Klagenberg

APPLICATION FORM
INTEREST FREE LOAN - PURCHASE OF COMPUTER EQUIPMENT
Complete and return to a member of the College Executive Committee

AMOUNT OF LOAN:
NAME OF APPLICANT:

SOCIAL INSURANCE NUMBER:
SIGNATURE OF APPLICANT:

APPROVED BY: