Newspapers / The Fieldcrest Mill Whistle … / March 20, 1961, edition 1 / Page 6
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Fieldcresters,.. Social^ Personal Credit Union Corner Credit Union Assets Exceed U. S. Average The recently - published financial statement of the Fieldcrest Mills Credit Union showed assets of over $311,000, making it the fastest-growing credit union in the state and larger than the average credit union in the nation. In the worldwide credit union move ment, there are fewer than a thousand credit unions with a million dollars in assets. The “average asset” figure for the United States (federal charters) is a quarter million. The “median” in as sets is only $83,000; that is, there are as many credit unions with assets under $83,000 as there are with more than $83,000. Credit unions, large and small, for over 100 years have been helping their members to greater financial security by promoting thrift and creating a source for low-cost loans when they need to borrow money. Questions And Answers On Credit Union Saving Q. How much interest is paid on sav ings? A. The Fieldcrest Mills Credit Union has paid a four per cent per annum dividend on savings each six months since it was organized. This is in line with the average dividend paid by credit unions nationally and in North Carolina. Q. What are the dividend periods? How are dividends calculated? A. The six months ending June 30 and the six months ending December 31. Dividends are based on the number of shares and the number of months these shares were in the Credit Union. Q. If a member dies, who gets his savings? Who repays his loan? A. Savings would be paid to his estate unless he had a joint account with right of survivorship. His loan would automatically be paid in full by in surance which the Credit Union car ries on all loans. Card Of Thanks We wish to express our appreciation to everyone for every act of kindness shown us during the illness and death of our wife and mother. We are grate ful for the flowers, cards, food, and the other expressions of sympathy. May the Lord bless each and every one of you. THE FAMILY OF MRS. G. W. WOOD 6 Draper Native, Now In California, Visits L. A. Service Center Garland Cook, formerly of Draper but now an orange grower in Califor nia, recently visited our Los Angeles Service Center and writes glowingly of the Fieldcrest facilities there. He missed seeing O. D. Petty, man ager of the Service Center, but met and talked with Axel Dolan, warehouse superintendent, and some members of the office staff. He had hoped to see some of the Fieldcrest truck drivers from Spray, since he is acquainted with Herbert Hundley and possibly other drivers who make the California run for Fieldcrest. Garland, who is well remembered here, has been in California for many years. He is a flying farmer—has his own plane, a Bellanca low-wing mono plane—and citrus ranch foreman. His father, G. C. Cook, a supervisor at the Draper mills many years ago, now makes his home with Garland in, appropriately enough, Orange, Cali fornia. Cayton Children Roger Darrell and Brenda Gall are children of Mr. and Mrs. Roger Cayton Father is employed in the Bleachery Piece Dyeing Department, and mother Doris, works in Bedspread Winding’ Grandmother, Lillian Coleman, is eni- ployed in the Karastan Burling Depart ment. Buy .. . Sell. , . Swap FOR SALE: Cast iron sink, one-piece dramboard construction, complete with Wtmgs. A real bargain at $20.' See Gene Murray, Karastan Weaving, or telephone MAin 3-6887. FOR SALE: 18-inch jig saw mounted on wooden stand, with motor, $45.00 Play pen, stroller and bouncing chair rutl- low price Call MAm 3-7669 after 5 p. m. Five Generations Five generations are shown * j picture. Seated, at left, is Sa^ Isaac, 87, of Spray, and seateo^^^jjnl him is his son, Walter Isaac. Staf 1,1P at left is Walter Isaac’s daugh^® \ p' Mary Pulliam, of the Bedspr® specting Department. Standing beside her is her Mrs. Rhegenia Pulliam Boyd- gjitf Isaac is holding Mrs. Boyd’s ^ and his great-great grando nine-months-old Michelle Patric Richard Turn^*' Shown in the ac- _ companying picture i is Richard Leonard Turner, who was six months old when the photograph was tak en. He is the son of Mr. and Mrs. Rich ard Nesco Turner. His father is employ ed in the Towel Mill Weaving Department at Fieldale. Linda Ray i w shows Taylor year old j picture 'V She IS of Mr. Sof. j/ Ray Tay‘t.e^ Leakville. assistant 3 j the ping Department and works in the Industrial gj. partment at the General 0"‘ ^ parents are Mr. and Mrs. R- both of the Karastan / Mr. and Mrs. E. J. Taylor, THE MILL VVH
The Fieldcrest Mill Whistle (Spray, N.C.)
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March 20, 1961, edition 1
6
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