Credit Union Corner
H. D. Club Tours Karastan
C. U. Praised By
A Former Fieldcrester
After reading in The Mill Whistle
about the organization of the Fieldcrest
Mills Credit Union, Louise Nowlin, of
the Chemstrand Corporation, Pensacola,
Florida, wrote Company President Har
old W. Whitcomb as follows:
“Congratulations, Mr. Whitcomb! The
formation of a credit union for North
Carolina Fieldcrest employees is a move
which all will appreciate more as time
passes.
“We have participated in the credit
union the four years we have been with
Chemstrand and we are happy to see
that our friends at Fieldcrest will now
have the opportunity to enjoy all the
Credit Union has to offer.”
A Former Fieldcrester,
(Signed) Louise H. Nowlin.
Ed. Note; Mrs. Nowlin was formerly
employed in our General Office and as
a secretary at the Automatic Blanket
Mill. She was a reporter for The Mill
Whistle for some time.
Questions And Answers
About Your Credit Union
Q. How much interest is paid on sav
ings?
A. Dividends depend upon earnings.
The average for credit unions nationally
and in North Carolina has been about
four per cent.
Q. May savings be deposited in cash?
A. Yes. But only by special arrange
ment with the credit union treasurer.
Q. How do you go about changing the
amount of your savings deductions?
A. By filling out another deduction
authorization card, properly dated and
marked with the word “change.”
Q. How quickly may I withdraw my
savings if I need them?
A. Normally, savings may be with
drawn immediately upon request. How
ever, according to the By-Laws the
Board of Directors may require a 60-day
notice before savings can be withdrawn.
Q. What happens when a member re
tires?
A. No further savings are accepted.
However, the retired member may leave
his savings in the Credit Union and re
ceive dividends on his money.
Q. How does a member know how he
stands with the Credit Union?
A. Financial statements are issued
twice each year. Or the member can
visit the Credit Union Office and ob
tain the information he needs.
Q. Are there paid personnel of the
credit union?
A. Not at the present, but as the cred
it union grows clerical personnel to
handle bookkeeping will be required.
Members of the Rich Acres Home
Demonstration Club of Martinsville, Va.,
made a tour of the Karastan Rug Mill
recently. Guides accompanying them
through Ihe mill were Rev. J. K. Mc
Connell, industrial chaplain, and J. A.
McKinney, of the Karastan Office.
In the picture at top, Ernest Bray,
veteran rug weaver, explains loom oper
ation to, left to right, Mrs. Glenn Hard
ing, club president; Mrs. F. B. ^ ,
Mrs. Garris Thacker, Mrs. Roy Ca®
bell, Miss Patsy Campbell and ^
Phyllis Thacker. i
In the lower picture, Fred Bilde*'^*^;
rug designer, explains steps in J,
signing process to Mrs. Wayne .
ley, Mrs. David Baker, Mrs.
Washburn, Mrs. Lewis Slagle and
Connie Prillaman.
Mills Establish New Record For Safe Woi^
1025 Join Credit Union
As of Wednesday of last week, a
total of 1025 employees had joined
the Fieldcrest Mills Credit Union and
membership cards continued to be
turned in at a rapid rate.
It is anticipated that several hund
red more employees will join the
Credit Union after they become more
familiar with its operations.
Also as of last Wednesday, a total
of 78 loans had been made as mem
bers borrowed from the Credit Union
for a variety of purposes. Several
employees saved substantially by bor
rowing from the Credit Union to
make important purchases for cash
mstead of financing the purchases.
o purposes for which
Credit Union loans are made are for
the payment of doctor, hospital and
of eyeglasses
and o.her health needs, consolidating
old debts, and for various financial
emergencies.
S3
(Continued from page one)
J O'
safety record this year is that,
our 1957 experience, 15 persons j
been spared an injury. These emP'®^,’
instead have enjoyed their normal'
and earnings.
“As chairman of the Central
Committee and on behalf of
ment, I wish to thank all production j
ployees and supervisors for the ul
buttons they have made to the ^
program. Let’s remember, thoughi
we can not afford to rest on our
at this point but must continue
forts if we are to continue to make P j
ress in accident prevention. {iis!
“Our past experience has shoW^
years ago when we set out to
cidents in the mills, it was comps'^
ly easy to lower our injury j ei'
establishing several years of mC
perience, progress and
tion came only through greater eii
everyone’s part. . j
‘With seven good months
we see that we can do the job j,,
disabling injuries. Let’s continu
fine job of accident-preventi^i*
make 1958 a banner year.” ^
the MILL WHiST