Credit Union Members Are
Almost $6 Million Richer
L. E. CHEWNING
“There’s no doubt about it:
Fieldcrest employees are almost
$6 million richer because of the
Credit Union.”
So said L. E. Chewning, presi
dent of the Fieldcrest Mills
Credit Union, as he predicted
that the Credit Union will soon
reach $6 million in total assets.
“This almost $6 million is what
the members own now. If you
take into account the $1,242,000
paid out in dividends since the
Credit Union was started in 1958,
you can appreciate what the
Credit Union has meant to its
members through the years,”
Mr. Chewning said.
He emphasized that the Credit
Union is not only a place where
employees can invest money and
receive a fair return but it also
provides low-cost loans to
members when they need to
borrow money.
The latest report shows that
the Credit Union has 9,227
members, representing 76
percent of all those eligible to
join. In other words, three out of
every four Fieldcrest employees
you meet are members. In Eden,
an outstanding 93 percent of the
employees belong to the Credit
Union.
The Credit Union’s current
dividend rate of 6 percent per
annum has been in effect since
July 1,1970. In addition to having
steadily increased the dividend
Flocked Blanket
Employees Enjoy
Safety Barbecue
Employees on both shifts
at the Flocked Blanket Mill
enjoyed a safety barbecue
on April 18.
The Flocked Blanket
employees had achieved a
total of 53,758 safe man
hours representing an
average of more than 2,000
man-hours per employed
without a lost-time acci
dent.
Under the terms of the
Fieldcrest safety contest,
einployees in any mill are
eligible for a safety
barbecue on completion of
2,000 average man-hours
I^r employee without a lost
time accident.
rate on savings, the Credit Union
early in 1968 reduced the interest
charged on loans from 1 percent
to nine-tenths of 1 percent per
month on the unpaid balance.
Through the years, the Credit
Union has assisted its members
in thousands of transactions,
helping them toward greater
financial security through
savings and low-cost loans.
Since its beginning the Credit
Union has loaned over $23
million in more than 114,000
separate loans.
These loans have helped
members in financial emergen
cies, with medical bills,
consolidation of debts, taxes, the
purchase of large appliances
and in a variety of other ways.
The low interest rate of nine-
tenths of 1 percent per month on
the unpaid balance makes the
Credit Union the best place for a
member to borrow when he
needs money for some special
purpose.
“The Credit Union has been
performing a genuine service for
employees for many years. We
are proud of the Credit Union
and its fine reputation,” Mr.
Chewning said.
“We invite those who are not
members to join the Credit
Union and use its services. We
would like to see many more of
the present members begin
regular savings. We hope that
members will think of the Credit
Union first when they need to
borrow money.”
Eligible employees may join
the Credit Union by paying a 25
cent fee and signing a card
authorizing the deduction of a
specified amount of savings
from each paycheck.
Application cards may be
obtained from the supervisors,
area personnel managers or
personnel offices.
II
ft
Open House
At Laurel Hill
(Continued from Page One)
attend and bring their families,
relatives, neighbors and friends.
In addition, the general public
is invited and Laurelcrest
officials hope for a large
attendance from Scotland
County and surrounding area.
Special invitations are being
sent to civic, business and pro
fessional groups and to local
government officials.
At the “open house,” visitors
will be able to see all of the
buildings and facilities as well as
the numerous additions and
improvements in machinery
that have been made in the
Laurelcrest operations in recent
years.
The latest example of
improvement is the modern
waste water treatment plant
which conforms to all Environ
mental Protection Agency and
State regulations relating to the
treatment of industrial waste,
recently completed at a cost of
approximately $600,000.
Mr. Thompson’s damaged safety shoe.
Serious Foot Injury Averted
By Wearing Safety Shoes
An employee at the Karastan
Rug Mill was recently saved
from serious foot injury by the
fact that he was wearing safety
shoes.
On March 8, Daniel R.
Thompson, a shift foreman in
the Weave Room at Karastan,
was helping another employee to
move an empty cargotainer
when it fell, hitting the top of his
left foot. The heavy container
cut deeply into the upper part of
the safety shoe, but Mr.
Thompson’s foot was uninjured.
The Fieldcrest Safety Depart
ment has recommended Mr.
Thompson for membership in
the Golden Shoe Club, a national
organization which recognizes
industrial employees who have
avoided foot injuries by wearing
safety shoes.
He will receive a membership
certificate and an attractive
insignia.
Mrs. Juanita Stewart, “Secretary of the Year”!
General Office Employee Is
"Secretary Of The Year”
Juanita Stewart, secretary to
R. H. Hair, director of business
information, has been selected
as 1973-74 “Secretary of the
Year” by the Eden Chapter of
The National Secretaries
Association (International).
She was presented an
engraved silver tray at a
banquet held on April 25 at
Meadow Greens Country Club.
National Secretaries Week was
April 21-April 27.
The “Secretary of the Year” is
selected each year by a com
mittee of Eden NSA members on
the basis of outstanding work
during the year both for NSA and
on the job. She has been vice
president of the Eden chapter
for the past two years and has
also served on various com
mittees. This month she will be
installed as president-elect for
the 1974-75 year.
Other officers to be installed
for 1974-75 are Earlene Riddle,
president; Ann Wilson, vice
president; Billie Jean Redmond,
recording secretary; and Jane
Spangler, treasurer.
Mrs. Stewart, who has been
employed at Fieldcrest since
1964, has worked as a utility
clerk, switchboard operator and
secretary to the com
munications manager. She
became secretary to the director
of business information in 1972.
Daniel Thompson describes the accident which could
have caused serious foot injury had he not been wearing
safety shoes.
MONDAY, MAY 6, 1974