Credit Union Assets Total $1,637,221
^ssets of the Fieldcrest Mills Credit
had reached $1,637,221 at the end
compared with $1,241,819
06 end of the previous year.
)[ Credit Union had 6,426 members
If. o® end of 1965, having increased
W ^'oe close of 1964. Divi-
'■> IQR members totaled $47,070
[f. as compared with $32,050 in the
'^lous year.
stat are highlights of the financial
presented at the annual mem-
^nip rneeting Friday afternoon, Jan
uary 28, at the Consolidated Central
Y.M.C.A. at Spray.
W. B. Lucas, president of the Field-
crest Mills Credit Union, presided. He
called on R. L. Wilkes, secretary-treas
urer, to discuss the financial statement.
Mr. Wilkes gave some of the operating
statistics, pointing out that the Credit
Union made 5,944 loans in 1965, com
pared with 4,896 the previous year.
Loans totaled $1,343,320 and $1,025,141
for 1965 and 1964, respectively.
“The Credit Union is in excellent con-
Purcell, mill manager, presents President’s Plaque to Pat Abernathy who
it on behalf of the employees of the Mount Holly Spinning Mill. At left is
• Crumley, superintendent of the Mount Holly plant.
Bsidenfs Plaque Is Presented At Mt. Holly
iiif^Woyees of the Mount Holly Spin'
St’ have been presented the Presi-
S ? Plaque, given by President
Si Whitcomb to the outlying
'iciji^ith the highest percentage of par-
Sl on a day’s pay basis in their
S Fund campaign.
S ® award was presented by D. A.
manager of the Towel Mill who
5 responsibility for the Mount
tlfy Plant. The plaque was accepted on
'“ye,
of all of the Mount Holly em-
®s by Pat Abernathy, card grinder.
One hundred per cent of the Mount
Holly employees made contributions of
a day’s pay or more to the Greater
Mount Holly United Appeal. Their rec
ord received recognition by Carolinas
United, in Charlotte, which coordinates
United Community campaigns through
out the Carolinas.
In making the presentation, Mr. Pur
cell congratulated the employees and
expressed his and the company’s pride
in the generosity and community spirit
shown by the Mount Holly employees.
dition and continues to enjoy healthy
growth, as it has from the beginning,”
Mr. Lucas said. He pointed out that 67
per cent of all of the company’s em
ployees, and 83 per cent of the Tri-City
employees, are Credit Union members.
He described the Credit Union as an
additional benefit for Fieldcrest em
ployees which provides a place where
employees can invest money and re
ceive a fair return and also where mem
bers can obtain convenient, low-cost
loans, when they need to borrow money.
“Your Fieldcrest Mills Credit Union
is in good hands,” he said, as he praised
“those who make it work” and ex
pressed his appreciation to the directors
(Continued on Page Six)
Committee To Accept
Scholarship Requests
The Fieldcrest Scholarship Committee
and the Muscogee Scholarship Commit
tee February 14 will begin accepting ap
plications for scholarships given to as
sist employees or children of employees
of Fieldcrest Mills, Inc., in obtaining a
college education.
An application form may be secured
from the industrial relations represent
atives or personnel offices at the mills;
by calling at the Employment Office of
Fieldcrest Mills, Inc., in the General Of
fices building in Spray; or by writing
to Dr. William McGehee, director of
personnel research and training, Field
crest Mills, Inc., Spray.
The scholarship program covers all
locations of Fieldcrest Mills. Except at
Muscogee, the scholarships are provided
by the Fieldcrest Foundation.
Individuals who wish to be consider
ed for the scholarships must submit
an application in writing prior to April
1, 1966, to the Scholarship Committee.
Awards of the scholarships will be an
nounced by June 1, 1966.
Both the Fieldcrest and Muscogee
Scholarships are now worth $2,400 each
over a period of four years at the rate
of $600 for each of the four years of
college attendance. Scholarships arc
awarded each year, but it is expected
that once a student is awarded a schol
arship in his freshman year the scholar-
(Continued on Page Six)