Newspapers / The Fieldcrest Mill Whistle … / June 12, 1961, edition 1 / Page 4
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29 Persons Retire Credit Union Makes Saving Easy As members of the Fieldcrest Mills Credit Union, hundreds of Fieldcresters are saving regularly by having a small amount deducted from each paycheck. Because they save the money before they get it, their saving is automatic and easy. Credit Union members have found that systematic saving through payroll deduction is the way to have money ahead while others have debts. You, too, can be one of the wise ones who save. You can join the Credit Union by paying a 25c fee and signing a card authorizmg the Company to deduct a specified amount of savings from each paycheck. If you are already a member of the Credit Union but are not saving each week, you can start saving by filling out a deduction authoriza tion card. See Jones Norman at the Leaksville mills, Fred Burton at the Gen eral Offices, or if you work in Draper or Spray, ask your ppervisor or department head to put you in touch with the Credit Union represen tative. Here’s How Your Savings Will Grow The figures below include the Credit Union’s usual 4% annual dividend on savings, with the earnings added to the member’s account and compounded twice each year. How Savings Grow $1 Weekly $2 Weekly $3 Weekly $5 Weekly $10 Weekly $20 Weekly 1 yr. 53.05 106.05 159.10 265.15 530.33 1060.62 2 yrs. 108.23 216.38 324.62 541.00 1082.09 2164.09 3 yrs. 165.65 331.18 496.83 828.00 1656.13 3312.14 4 yrs. 225.39 450.61 675.99 1126.60 2253.37 4506.57 5 yrs. 287.54 574.86 862.40 1437.26 2874.74 5749.26 10 yrs. 638.05 1275.61 1913.66 3189,27 6379.03 12757.58 15 yrs. 1065.32 2129.82 3195.14 5324.97 10650.74 21300.68 20 yrs. 1 1586.16|3171.10 4757.26 7928.36 15857.94 31714.67 J. 0. Thomas Expresses Retirement Thouglits How Savings Grow $1 Weekly $2 Weekly $3 Weekly $5 Weekly $10 Weekly $20 Weekly 1 yr. 53.05 106.05 159.10 265.15 530.33 1060.62 2 yrs. 108.23 216.38 324.62 541.00 1082.09 2164.09 3 yrs. 165.65 331.18 496.83 828.00 1656.13 3312.14 4 yrs. 225.39 450.61 675.99 1126.60 2253.37 4506.57 5 yrs. 287.54 574.86 862.40 1437.26 2874.74 5749.26 10 yrs. 638.05 1275.61 1913.66 3189.27 6379.03 12757.58 15 yrs. 1065.32 2129.82 3195.14 5324.97 10650.74 21300.68 20 yrs. . 1 1586.16|3171.10 4757.26 7928.36 15857.94 31714.67 (Editor's Note: J. O. Thomas, employment manager, retired June 1 under the Fieldcrest Pension Plan after close to 42 years of con tinuous service. In his long career with the Company, he held positions of responsibility and trust and was associated with the Per sonnel Department (now Industrial Relations Department) almost from its beginning. Mr. Thomas expresses his thoughts upon retire ment in the article below.) TO; FIE3L.DCREST ORGANIZATION Having been associated with Field crest Mills for almost 42 years, it is with mixed feelings that I go into re tirement from service with the Com pany. I shall miss the active relationship I have enjoyed with Fieldcrest Mills and its fine people. On the other hand, I am looking for ward to my retirement as a period when I shall have the time to do some of the things in which I am interested but have not had the time to do during the years 4 I was actively employed. The years I have spent with the Com pany have been interesting ones and I have enjoyed my association with the people in the mills and in the offices. Through the years I have worked with some of the finest people in the world. I shall ever treasure their friend ship and goodwill. I feel that Fieldcrest Mills and its employees have a wonderful future. Un der their present progressive owner ship and management the future of the Company should be one of real ac complishment. I extend my very best wishes to the Company, to all employees, and to the people of the several communities of which Fieldcrest Mills is a part. I wish for them the best of everything. J. O. THOMAS (Continued from Page One) , , rpnew the Company’s progress and to old friendships. He pointed out that Fieldcrest xv was one of the first textile cornpa to establish a pension plan for ite ployees. The plan, started in 194'3> mains one of the most generous id industry, he said. Pensions are entirely by the Company, requires contributions from the employees. The Pension Fund is held in the Wachovia Bank and Trust Coinp of Winston-Salem. Money paid into trust can never be recovered Company and must be used 1 the payment of pensions, Mr. said. Two 50-Year Men Retire Included in the group of retirees ^ two men who have completed half-century of continuous service ^ the Company. These were Blackbtim of the Mechanical ment Department at Spray, who e lished the all-time mill record ® years of unbroken service, and Overby of the Blanket Mill at who attained over 52 years of con ous service. cvieetio^ J. Kelly Edwards of the Mill had 49 years of continuous se j George B. Akers, Sheeting MiU> ^ O. Thomas, General Offices, 41 years; and Louella L. Carter, B Mill, had 40 years. Several others had records ° tinous service of from 30 to 40 o5 The Jime 1 retirees are the opposite page. Rebecca W- ^ of the Bedspread Mill, is not sho Foundation Gift Memorial Campai^’’ (Continued from Page them, 10 cents per child in each ® The Honor Roll of 100 gptl/ Schools will be maintained perrna aboard the ship. The schools in the county ^ have conducted drives and severa ^ jO in Leaksville Township have rai pef cents per pupil or more. The Cent Schools reported to date are Grove, Central Elementary, EWaP mentary. Draper Junior High Lakeside School, LeaksviUe-Spray ior High School and Morehead School. WiUiam B. Lucas, Company a^ is director of the Battleship Nortn^^jy. lina Campaign in Rockingham Kenneth Thomas is Tri-City ch tte in the drive to raise its share ^ 3 $250,000 needed to save the aj* memorial to the men and women ^ jj. the military services in World George Fulp is vice-chairman, with veterans groups. FURXACE FOR SAL® Iron Fireman furnace. Hef^S ,^52^ house. Good price. Call MAin after 4 p. m. , $ THE MILL WHI=’
The Fieldcrest Mill Whistle (Spray, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 12, 1961, edition 1
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