The UCF Report, Vol. 06 No. 05, August 31, 1983

              University of Central Florida
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Orlando, Florida 32816
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The UCF Report
Volume 6, Number 5
for the Faculty and Staff
Wednesday, August 31,1983
One of a kind
Dan Huffier is a citizen who gives generously of his time to support
University of Central Florida. The Winter Park stock broker found Tuesday, Aug.23 a bit out of the ordinary, even for his enthusiasm. He had
scheduled and attended three meetings, one for the UCF annual golf
tourney, of which he is chairman; one for the Business and Industries
Committee of the President's Council, of which he is a team captain,
and the Booster's Club, of which he is a director. He is also a director of
the UCF Foundation, but that board didn't meet that day.
Books onlyshut off for week
The week long shut off of library service, scheduled to begin Sept. 17, only
affects circulating books, Lynn LaBrake,
associate director, stressed today.
"While we move our book collection
from the old to the new building the rest
of the library will remain open and
available for use," she said.
"For about a week, beginning on that
Saturday, we will have to close the fifth
floor of the old buillding and the fourth
floor of the new, in order to transfer our
book collection.
"So far the builder has held to that
date. Of course our plans are subject to
any changes due to construction problems," she said.
Mrs. LaBrake repeats the advice to
faculty to schedule class work around
the closing so students can check out
needed material ahead of time, or later.
Interest rate made attractive
for small U.S. bond buyers
United States Savings Bonds have
taken a giant step into today's highly
competitive savings and investment
world, W. Rex Brown, university coordinator of the 1983 campaign, told The
Report.
Brown pointed out that the interest
rate for Series EE Bonds is now tied to
marketable securities.
These bonds earn 85 percent of the
average yield on five-year Treasury
securities. There is also a guaranteed
minimum return to protect bondholders
from a sharp drop in market rates.
Before the change, EE bonds were
earning nine percent interest when held
to an eight-year maturity. With the
change, if market rates are 13 percent,
for example, bonds will earn about 11
percent interest, a good return for a
minimum savings of only $25 — the
price of a $50 bond, he said.
Brown reminded that everyone working for UCF will be contacted by a volunteer who can talk further about a payroll
deduction for savings bonds.
• ••
In addition to the sectional coordinators named last week, the following
persons are giving their time until the
end of the campaign on Sept.22:
Linda Bonta, Business Affairs/F&A/-
Budget; Johnny Blackwood, Computer
Center; Mary Lou Burgess, Internal
Auditing; Walter Mitchell, Physical
Plant; Shannon Addison, Personnel.
Also, Ted Chester, Purchasing/Aux.-
/ Admin. Services; Neil LaBar, Intercollegiate Athletics; Loretta Webb, Police
Dept., and Evelyn Alford, Community
Relations/University Dev./Office of the
President.
A late addition to the list of workers is
John F. Bergner, College of Health.
BCC/UCF center
first of its kind
All academic roads lead to Cocoa the
morning of Thursday, Sept.1, 1983.
At 10 a.m. University of Central Flor-
Faculty
assembly
rescheduled
Fall Faculty Assembly will be held in
the Engineering Auditorium on Thursday, Sept. 15, at 4 p.m.
President Trevor Colbourn rescheduled the meeting from the previously
set Sept. 8, advising that the agenda
will remain the same.
Credit Union advises	
ida combines with Brevard Community
College in dedicating the $5.8 million,
109,000 square foot Lifelong Learning
Center. It will be the first such cooperative in Florida.
The junior college and the university
will share the building, offering students a chance to earn a two year and a
four year degree under the same roof.
Dual enrollment is one feature of the
innovative combination.
Among those expected to attend the
dedication are state officials from Tallahassee, members of the Board of
Regents and Community College Division, BCC and UCF officials, BCC board
members and Brevard County officials.
Watch all those extra charges
on your low interest car loan
In an effort to clear the way for new
models, car dealers and manufacturers
are offering attractive deals on their
remaining '83 models. For those in the
market for a new car, now is a prime
time for shopping around, advises Skip
Hickman, manager of the UCF Federal
Credit Union.
"But before you sign on the dotted
line, make sure you get all the facts
about financing your purchase," she
said. "Remember, the final cost to you
includes the purchase AND the interest
costs."
As a guide for prospective purchasers, she offers these points to consider
before making a decision:
* How big must the down payment be
in order to take advantage of the quoted
or advertised interest rate?
* Which models qualify for the lower
rate?
* Is the purchase of "extras" or an
extended service contract required to
qualify for the rate?
* What is the "blue book" allowance
for a possible trade-in?
* What is the cash price for the car?
"You really must compare the quoted
cash figure with the price of the car
before financing charges," Hickman
cautioned. "Many dealers must subsidize their so-called lower interest rates
by jacking up the final cost of the car."
The UCF Federal Credit Union is currently offering new car loans at 13 percent. And unlike many other lending
institutions, the Credit Union does not
access extra charges for processing a
loan application, securing a credit check
or servicing the account. Also, as an
added benefit to members, the Credit
Union provides loan protection insurance free of charge which would pay
off an outstanding loan completely in
case of death.
"Let our staff help you make the best
deal on a new car," Hickman added.
"Drop by the office anytime between 9
a.m. and 3 p.m. weekdays for the low-
down on a low-cost auto loan."
President Trevor Colbourn
and
The Committee to Establish the Charles N. Millican
Endowed Chair of Computer Science
Cordially invite you to attend
the dedication ceremony for
The Charles N. Millican
Endowed Chair of Computer Science
on Thursday, September 8, 1983, at 10:00 a. m.
Computer Center
University of Central Florida .    **
Parking: Visitors Lot Refreshments following