Skip to Content
North Carolina Newspapers

Fieldcrest mill whistle. volume (Spray, N.C.) 194?-19??, February 03, 1975, Image 1

Below is the OCR text representation of this newspaper page. It is also available as plain text as well as XML.

THE MILL WHISTLE ^ol. 33 Eden, N. C., February 3, 1975 No. 23 William C. Battle, left, president of Fieldcrest Mills, Inc., and David M. Tracy, right, (resident of the Fieldcrest Marketing Division, present James E. Larkin with a person- ilized award for significant sales performance and achievement. Larkin Receives Citation For Outstanding Sales Achievement James E. Larkin, St. Marys specialty sales manager, was presented with a special citation for outstanding sales achievement by William C. Battle, president of Fieldcrest Mills, Inc., and David M. Tracy, president of the Fieldcrest Marketing Division, at the recent Northeastern Regional Sales Meeting. The award honors Mr. Larkin as the first salesman in the history of Fieldcrest to have sold Unemployment Compensation Since many employees have received unem ployment benefits in 1974 during periods when the mills were down or on short time, questions have been asked whether or not these payments are subject to income tax. According to L. E. Chewning, manager of general accounting and taxes for Fieldcrest, unem- (Continued on Page Eight) a one million dollar towel order to one account, K-Mart, a chain of 600 stores. He promoted and sold a special towel selection designed for the K-Mart operation and made by St. Marys, a solid and a stripe in four colors, which totalled 100,000 dozen each of bath and wash towels. In a letter which was read at the presentation, Mr. Battle said, “Your recent accomplish ments with K-Mart are so important to the success of the company and so striking an example of individual excellence that we wish to take special note of your contributions.” In March Mr. Larkin will celebrate his 10th anniversary with the company. He started with Fieldcrest in the sales department in 1965 and had sales territories in the Northeastern Region until 1970 when he was appointed sales promotion manager. For the past three years he has been responsible for all national discount chain store sales around the country for the St. Marys division. Deadline For Scholarship Applications Is March 1 March 1 is the deadline for submitting an application for a Fieldcrest or Muscogee Scho larship. Awards of the scho larships are to be announced in April. In recent years the deadline has been advanced and the application blanks made available earlier in order to help students with their planning. The applications being accepted now are only for scho larships leading to an under graduate degree at a 4-year college or university. The scholarships are worth $4,800 each over the four years of college attendance. Those who wish to apply for a (Continued on Page Two) Credit Union Services Are More Valuable Than Ever "More than ever before, the Credit Union in 1974 rendered valuable service to its members. It did this by providing low-cost loans in emergency situations as well as offering a place where savings can grow and yet be readily available when needed.” These comments were made by L. E. Chewning, president of the Fieldcrest Mills Credit Union, in reviewing the financial statement at the annual meeting of the Credit Union Friday after noon, January 24, in the conference room at the General Offices, Eden. Mr. Chewning reported that the Credit Union in 1974 made 10,675 loans, amounting to over $3 million. He said that since its organization in 1958 the Credit Union has processed ap proximately 123,000 loans for a total of $25>2 million. During 1974, total assets in the Credit Union increased by $437,673 and amounted to over $6 million at the close of the year. Membership increased slightly and exceeds 9,100, representing 77 percent of those eligible to join. The Credit Union in 1974 paid dividends totaling $322,387 compared with $249,961 in the preceding year. The 1974 payments made a total of $1,564,403 the Credit Union has paid in dividends since its organization. The current dividend rate is 7 percent per annum, having steadily advanced over the years. In addition to steadily raising the dividend rate, the Credit Union early in 1968 reduced the interest rate charged on loans from 1 percent to nine-tenths of 1 (Continued on Page Eight) Satisfied CU Customer Looking over a Credit Union poster are Ray ,S. Rey nolds (left) who has saved in the Credit Union since it was organized in July, 1958, and C. F. Burton, Jr., manager of the Credit Union. “I’m all for the Credit Union,” Mr. Reynolds said. “It has helped me a lot and I know it has helped other people. I would not hesitate to recommend that other employees join it and use it.”

North Carolina Newspapers is powered by Chronam.

Digital North Carolina