Newspapers / The Fieldcrest Mill Whistle … / Dec. 4, 1972, edition 1 / Page 1
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Vol. 31 Eden, N. C., December 4, 1972 Na. 11 Fifty-Year Employee Retires December 1 Mamie Burcham of the Sheet Fin ishing Office retired on December 1, after completing an outstanding record of 50 years of continuous service to the Company. She attained her 50-year record on June 12. Mrs. Burcham was never off the pay roll since she was first employed on June 12, 1922. She was engaged in or der service and billing operations for sheets virtually the entire time. At ®e time of her retirement she was a yisi-Records clerk at the Sheet Fin- ishing Office. She began as a ticket clerk in the Sheet Packing Department at the old ■“Machery, but for most of her years ^ith the Company she was in the Or der and Billing Department at the Cen tral Warehouse. She had been in the office at the Sheet Finishing Mill since that plant oogan operations in 1966. Mrs. Burcham worked as clerk, fol- ow-up clerk, chief clerk and super- tusor of order typing, order clerk in customer service and had been a Visi- Records clerk at the Sheet Finishing Cffice since 1968. MAMIE BURCHAM Half-Century of Service . , *, , ' ,''i f } 1 ff f «» * Fieldcrest Float In Christmas Parade Sitting- pretty atop the Fieldcrest Mills, Inc. float in the Eden Jaycees Christmas parade are, from left, Jean Dabbs, secretary-receptionist at Karastan; Barbara Ben ton, secretary at Bedspread Finishing; Vivian Minter, inspector at Draper Sheeting; and Pat Talbert, keypunch operator in the Data Processing Department at the Gen eral Offices. More than 5,000 persons saw the parade Friday, November 24. Credit Union Offers Loans At Low Cost Need money for Christmas? For taxes? For some other purpose? The Fieldcrest Mills Credit Union is a good place to obtain a low-cost loan which can be repaid in small install ments through payroll deductions. In terest is only nine-tenths of 1 % a month on the unpaid balance and life insur ance on the borrower while the loan is outstanding is provided at no extra cost. In addition to making loans to. its memibers, the Credit Union provides a place for systematic savings and pays a 6% per annum dividend on the mem ber’s share account. Although the Credit Union is an all employee activity, the company coop erates by permitting both loan repay ments and savings to be handled through payroll deductions. The financial statement as of the end of October shows that the Credit Union has assets of over $4.8 million, having sho-wn continuous growth since its or ganization in 1958. Since its organization and through October, the Credit Union had made 99,886 loans, totaling almost $19 million. The Credit Union has paid a divi dend of at least 4% per annum each six months since it was organized. The present dividend rate of 6% has been in effect since July 1, 1970. Early in 1968 the interest rate charged on loans v/as reduced from 1% to the present nine-tenths of 1% a month on the un paid balance. The popularity of the Credit Union is attested by the fact that nearly 9,000 Fieldcrest employees are members— over 80% of those eligible to join. In the Eden area, a whopping 95% of the employees are members. Employees who already are members (Continued on Page Eight) Board Votes Dividend Directors of Fieldcrest Mills, Inc., voted on November 28 to pay a divi dend of $.35 per share on December 28 to holders of record December 14.
The Fieldcrest Mill Whistle (Spray, N.C.)
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Dec. 4, 1972, edition 1
1
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