h
r
i
FH C
te.XXIV
^I'edit Union Assets
>)each $11/2 Million
Assets of the Fieldcrest Mills Credit
I? ^nin u ivxiiis v^rtJUiL
1' $iv ^ have increased to approximately
_
I! , 2 tnillion and membership has grown
I: crprrT®!^ 6,000, making it the largest
hit union in the state.
■ 111 uie siaLe.
hjg °iiliiiiiing the excellent growth it
®hjoyed since it was organized in
1958,
the Credit Union as of June 30 had
$1of $1,491,102 compared with
6 ^ Membership was
j’ compared with 5,086 at the end of
"^6- 1964.
-J AC^U*!.
fjj, yi^ends paid to members for the
822 months of 1965 amounted to
8j^’ a substantial increase over the
ygg’ paid for the same period last
Ereat increased dividends reflect
aj l®!! savings in the share accounts
g, all as the growth in membership,
nice organization, the dividends paid
to V. n organization, the dividends paid
Cf^pmbsrs total close to $117,000. The
Union has paid a 4% per annum
div
dend each six months since.organi-
the axcept for the latest period when
(gpi.^nte was 4%% which became ef-
- January 1, 1965. The dividends
Ujoj.i^®nred on the members’ average
shi, 'nly balances and credited to their
*’a accounts.
g Dividends Distributed
if .ntaments covering dividends for the
' SIX months of 1965 were distributed
to
- xAxvxivxxo W CX C WXOtl lUU LCU
®tat ^ members during last week. The
an„ ®nients show the member’s share
"i-Cn-- ■
tbg°'*nt’ loan balance, interest paid, and
amount of dividend received.
stat
any member failed to receive his
^OJi,
-atnent, or if there is any question
stj ■^®i’ning his account, the member
aid notify the Credit Union office.
'^'le purpose of the Credit Union is to
lo^°arage systematic savings; to make
its loans to members; and to help
ii)Q *'^®mbers handle their finances in a
a adequate manner.
I'atit members are enjoying the ad-
lln,'of regular saving in the Credit
nir> ° “ —
°h and hundreds of employees have
Oqj, ' iiaiiureus oi employees nave
Vtjj a"'ed money from the Credit Union
^ ®h has made loans to its members in
j^ss of $4 million,
act; to make Credit Union trans-
Cojf^'^as as convenient as possible, the
cooperates by permitting both
mgs and loan repayments to be
(Continued on Page Three)
WHISTLE
1
FIEt-DCfJEST MIL.US. NC. •
Plants at Draper, Forest City, Greenville, leoksville. Mount Holly, Salisbury,' Smitiifield,^
Spray and WbrfHville, N. C.; Fieldale, Vo.,- Columbus, GaV and Auburn, N. Y.
Spray, N. C., July 19, 1965
NO. 1
Young Appointed Acting Mill Manager
Members For Latest
lyj^-Month Period Total $22,116;
j ®hibership Now Exceeds 6,000
Norman F. Young, formerly assistant
to the manager of the Blanket Mill at
Fieldcrest Mills, has been appointed
acting manager of the Blanket Mill, re
porting to Robert A. Harris, vice presi
dent-manufacturing of Fieldcrest Mills,
Inc.
Mr. Young will have responsibility for
the Blanket Mill at Draper and the Cen
tral Finishing Mill and Central Ware
house, both at Spray. He succeeds Hugh
T. Bundy, manager of the Blanket Mill,
who was transferred to the Fieldcrest
Service Center in Cleveland, Ohio.
A graduate of Wabash College, Craw-
fordville, Indiana, with an A.B. degree
and of the Institute of Textile Tech
nology, Charlottesville, Va., with a mas
ter’s degree in chemistry, Mr. Young
joined Fieldcrest in 1953 as a chemical
engineer in the Research and Quality
Control Department.
He has served in a number of super
visory and managerial positions, includ
ing the Research and Development De
partment, foreman at the Bleachery, and
assistant superintendent and later super
intendent of the Bleachery and Sheet
Finishing Mill, where he also was in
charge of commission finishing. He had
been assistant to the manager of the
Blanket Mill since June, 1963.
Active in community affairs, Mr.
Young is a member of the Leaksvilie
Township school board and co-chairman
of the Ti’i-City Blood Program. He has
recently completed terms as chairman
of the board of stewards at Leaksvilie
Methodist Church and as president of
NORMAN F. YOUNG
the Consolidated Central YMCA.
A native of Ossian, Indiana, Mr.
Young entered the Navy upon gradua
tion from high school and trained at
Wabash College under the Navy’s V-12
program. He remained in the Navy for
three years and served aboard a de
stroyer in the Pacific in World War II.
He married the former Barbara
Koons, also of Ossian, and they have
two sons, ages 10 and six. The Youngs
live at 1102 North Trogdon Drive,
Leaksvilie.
Fieldcrest Advances
To 386th In Rankinsf
Bloodmobile
In Fortune Magazine’s new directory
of the 500 largest U. S. industrial cor
porations Fieldcrest Mills, Inc. is ranked
38Gth, having advanced from 412th
place in last year’s directory.
Fieldcrest first was listed in 1963 and
was shown as 486th. Thus the company
has moved up exactly 100 places since
the original listing. The current direct
ory is based on sales in 1964.
Some of the other North Carolina
textile firms listed in the top 500 are
Burlington Industries, 44th, up from
48th last year; Cannon Mills, 225tli,
down from 221st; Cone Mills, 260th,
down from 250th; and American Enka,
325th, up from 336th.
John Cunningham, co-chairman of the
Tri-City Blood Program, has announced
that the Bloodmobile will visit Leaks
vilie Thursday, August 5, with a goal of
200 pints.
The Bloodmobile will be stationed at
the Moose Hall on Forbes Street fi'om
11 a. m. until 4:30 p. m. Members of the
Moose will assist with recruiting donors
and with arrangements for the visit. A
number of other organizations and in
dividuals will help in the project.
Every employee of the Bedspread and
Karastan Mills will be contacted and
asked to give a pint of blood. Recruit
ment chairmen for the two mills are
Giles Hunnings and Jones Norman, res
pectively.