HAWAIIAN HOLIDAY: Preston Wilbourne, right. System Reservations Supervisor for
Piedmont Airlines at Winston - Salem, is shown with George Strehlke, Interline Sales
Manager for Pan American Airways, just before he boarded a Clipper at San Francisco
March 9 for a flight to Honolulu. Wilbourne, along with representatives of several
other U.S. domestic airlines, was the guest of Pan American for a five-day vacation
in Hawaii. Purpose of the trip was to acquaint domestic airline sales personnel with
Pan Am's services.
CREDIT UNION DOES
BRISK BUSINESS IN '57
President Tom Morton advises that 1,092
loans were processed during 1 957 for a total
of $211,436. There were 691 members
in the Credit Union with savings amounting
Total income for the year amounted to
$9,063. Expenses associated with oper
ating the'Credit Union amounted to $1,788.
resulting in a profit of $7,275.00. The
profit was reduced by an amount of $1,468.
in accordance with the by-laws governing
the Credit Union, leaving $5,807.00 for
distribution to the membership as dividends.
Credit Union assets at the year end
amounted to $143,138.00
The easiest person to deceive is one's self.
Mr. & Mrs. Coit Hanes, PKB, a daughter,
Ruth El izabeth.
Mr. & Mrs. D. G. Edmondson, Jr., T R I,
a daughter, Mary Elizabeth (Betsy), Feb.
Mr. & Mrs .Ben A. Muse, I NT, a daughter,
Barbara Annette, March 8, 1958.
The Piedmonitor would I ike to extend its
sincere sympathy to Mr Jim Birthisel,CHW,
in the loss of his Father on March 2, 1958.
We would all like to welcome Mrs. Carol
Hauser,Mr. T. H. Davis' secretary. Carol
replaces Mrs. Joe Browder, who recently
left the Company.
- 5 -
Question: Where can I obtain a Piedmont
lapel emblem and what is the cost?
The Piedmont insignia lapel emblem is
available from the Operations Clerk, Fixed
Base Division, Winston-Salem, N.C. for
0 charge of One Dollar plus three cents
Jewel-studded lapel emblems are awarded
at no charge to employees after five years
of service. The ruby denotes five years,
emerald ten years and the pearl 15 years
Question: How can I obtain an identifi
cation card signifying that an individual
is employed by Piedmont Airlines?
An identification card is not presently
available . However, some thought has been
given to this problem in the past and methods
which will provide some control as to
their val idity, must be resol ved before they
can be suppi ied .
Question: What interest does the Credit
Union charge on loans and what dividends
are paid on savings?
There are four loan categories in effect
which carry different rates of i n t e r e s t
They are as follows:
1 . 90 day notes carry a 6% interest rate.
2. Loans secured by co-signers charge 5-
3. Loanssecured by Piedmont Stock (80 %
of market value), 5%.
4. Loans secured by Credit Union Savings,
The 1957 dividend on savings was set at 4-
3/4% by the Board of Directors at their
January meeting. This will vary from
year to year depending upon the earnings,
however,the average dividend paid since
the Credit Union was formed, has been
SHEETMETAL NEWS - R.A.Myers' crew
Cl iff Harrel I
Ben Muse, who became a father on March
8, was in the hospital for an operation on
his knee. He slipped on the ice and sep
arated the ball from the socket in his knee.
Ben is doing nicely, except for a limp.