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Eden, N. C., July 14, 1969
Credit Union Pays $52,814 Dividend
ROBERT A. HARRIS
Harris New Trustee
University Of N.C.
A. Harris, vice president-
^facturing and secretary of Field-
f Mills, Inc., has been elected a
stee of the Consolidated University of
Was one of the 29 persons named
(>Q^*'hstees by a joint House and Senate
t[)^*^ittee. He had been nominated from
by ^loor and subsequently was approved
Ihe full membership of the General
1 Harris is also a trustee of Camp-
I buj. *“°llege at Buies Creek. He attended
: sity^ Campbell College and the Univer-
I of North Carolina at Chapel Hill
' 1^® received his B. S. in commerce
i in 1939.
■ public affairs in the State
locally, he is a trustee of the Home
■ '*1 ij°*^ics Foundation of the University
: a Carolina at Greensboro. He is
bj^®niber and past president of the
‘ C0h^^''*^^®"Spray Rotary Club, a dea-
the First Baptist Church, Eden, a
^*'®sident of the Meadow Greens
tbg Club and has been treasurer of
Dividends totaling $52,814 have been
paid to members of the Fieldcrest Mills
Credit Union for the six months ending
June 30. This makes a total of $416,022
in dividends that members have received
since the Credit Union was established
This latest dividend was at the rate of
5% per annum, the rate made effective
January 1, 1968. The Credit Union has
never paid less than 4% per annum each
six months since its organization.
The first increase, from 4 to 41/4 per
cent, was made January 1, 1965. This
was raised to 41/2 percent on June 30,
1966. The five percent rate has remained
since January, 1968.
Statements have been distributed to
Credit Union members showing the
amount of dividend received, the mem
ber’s share account, the loan balance, if
any, and interest paid. If any member
has not received his statement, or has
any question concerning his account, he
should contact the Credit Union office.
The Credit Union has assets of ap
proximately $2,900,000, with more than
8,600 Fieldcresters as members from
nearly all plant locations. The member
ship represents about 75 percent of the
employees eligible to join.
To join the Credit Union, an employee
pays a 25c fee and signs a card authoriz
ing the Company to deduct a specific
amount (whatever the employee
chooses) of savings from each paycheck.
In order to make the Credit Union trans
actions as convenient as possible, the
Company cooperates by permitting both
savings and loan repayments to be
handled through payroll deductions.
The purpose of the Credit Union is to
encourage systematic savings; to make
low-cost loans to members; and to help
members handle their finances in a more
‘Old-Fashioned 4th’ Is Huge Success
i-City Community Fund.
Eden’s “Old-Fashioned July Fourth”
celebration was a huge success.
Upwards of 8,000 people — a large
part of them Fieldcresters — participat
ed in the afternoon program and the
crowd grew to more than 12,000 for the
fireworks display that climaxed the pro
By any measure, it was the biggest
event in the community’s recent history.
Jesse Burchell, who was general chair
man, said he was “tremendously
pleased” with the attendance.
“It appears from all the comments
we’ve heard that everyone thoroughly
enjoyed the day’s activities,” Mr. Bur
chell said. “Plans are already under way
and committee appointments are being
made for next year’s celebration. With
an entire year in which to arrange en
tertainment and activities, we hope to
have an event that will exceed this
The afternoon was filled with games,
stunts, contests and various types of en
tertainment. An air show featuring
stunt pilots in two planes and a per
formance by six sky-divers who para
chuted into the area provided added ex
Rep. Richardson Preyer, of the 6th
District, was the main speaker at a pa
triotic observance early in the evening.
He recounted historical facts concerning
the nation and the signing of the Decla
ration of Independence.
Mayor Jones Norman of Eden; Henry
Anderson, an honorary chairman of the
event; and I. H. Shively shared the plat
form with Rep. Preyer. Mr. Shively, a
retired Fieldcrest employee, was honor
ed as the most decorated serviceman in
(Continued on Page Eight)
Sales To Open Today At
Both Fieldcrest Stores
The annual August Sale at the Field
crest Stores in Eden and Columbus, Ga.
begin today, July 14, and will continue
through August 30.
The complete line of merchandise, in
a wide assortment of styles and colors,
is available in the storewide sales. Fea
tured are the popular “Lazy Daisy” and
the new “Fancy Free” and “Poppy Dot”
The Thrift Shop offers its usual ex
cellent values in irregulars, discontinued
styles, samples, etc.
The employee discount (25%) applies
to sale prices in the Fieldcrest Shop. The
store hours are 9 a. m. to 5 p. m. at the
Eden Store, and 9 a. m. to 5:30 p. m. at
the Columbus Store, Monday through