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!0L. XXIV
Draper, Forest City, Greenville, ieptevilte,^ Moppt!Holly,’Solisbury, Smithfiel41
** t Spray ond WorthviHe, K C„ heldole, Vo., Columbus, Go. and Auburn, N. Y.
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Spray, N. C., August 30, 1965
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"■ith H young: people who received Fieldcrest Scholarships in 1965 are shown
ffotn w president of Fieldcrest Mills, Inc. Fieldcrest Scholars,
left, are Barry Byrd, Larry Denny, Ronald Martin and Jovita Flynn.
|;Uncheoii Honors Scholarship Winners
fl^^erest Foundation Has Given
Of 19 Scholarships Now
^rth $2,400 Over Four Years
h
eon
®fnployees’ sons and daughters
nuiia aiiu uaugULers who
6 received Fieldcrest Scholarships
® guests of the company at a lunch
Meadow Greens Country Club
'eav ’ prior to the students’
ihg for college for a new term.
tendiT^r, .jijg luncheon with the
icoi
f \JX x xcuat^iCOL iViHi:
'iom ^i'^hmond R. Roberts, vice presi
Jjitcomb
luncheon
■ship winners were Harold W.
president of Fieldcrest Mills,
-P’ XV. xvwucilit, ViGC pic,
W and treasurer; William B.
^av^^’ ^®®i®iant secretary and counsel;
H. Newton, director of industrial
Purcell, manager of the
’'lap ^ Piiuuier, pei'sonnel
Uj jager at the Towel Mill; and John
lo\V°j^Sh, superintendent of Leaksville
the Schools who is a member of
j leldcrest Scholarship Committee.
toi(j ^ ialk to the group Mr. Whitcomb
i^g ihe company’s pleasure i
"V„. ue scholarship program possible.
in mak-
good work in college is a satis-
it i and a source of pride to us and
the q ^®tes a good job of selection by
(^if'^Dolarship Committee,” he said.
some of the outstanding rec-
’ he said the Fieldcrest Scholars
have done well in college and will do
well in life. He extended his best wishes
to the students in their college careers
and future endeavors.
Mr. Hough, in a brief talk, said he was
“proud to be associated with the Field
crest group and the scholarship group.”
He told of the difficulty the Scholarship
Committee had in selecting from many
worthy applicants. “You are a select
group who were chosen because you
went the ‘second mile’.
“There is a great need for the com
bining of loyal American citizenship
with the desire to excel. In the years
ahead you will do many of the thing.s
that need to be done. You can thank
Fieldcrest Mills for the opportunity you
have,” Mr. Hough said.
Each of the scholarship recipients
spoke briefly to outline his or her plans
and ambitions and to express apprecia
tion to the company for helping to make
it possible to obtain a college education.
Several indicated they did not think
they could have gone to college without
the help of the Fieldcrest Scholarship.
Recipients of Fieldcrest Scholarships
in 1965 were Barry Trevis Byrd, son of
Mr. and Mrs. Wilbur Byrd, of Rt. 1,
(Continued on Page Eight)
NO. 4
Credit Union Passes
One Million In Loans
The Fieldcrest Mills Credit Union has
passed the million-dollar mark in loans
to members. Loans outstanding as of
August 20 amounted to $1,012,357 and
have increased since that date.
Since its organization, the Credit
Union has loaned almost $5-million to
members to help them finance impor
tant purchases or tide them over emer
gencies. Loans are made for a wide va
riety of purposes: school expenses, taxes,
medical and dental bills, consolidation
of debts, making cash purchases instead
of buying “on time” and many other
purposes beneficial to the members.
Total assets of the Credit Union cur
rently are above $1V2-million, having
shown a constant growth through the
years. It is possible that the assets could
reach $2-million by the end of 1965 or
shortly thereafter.
The Credit Union was formed among
the employees of the mills and offices
in the Tri-City area in 1958. The mem
bership was subsequently extended to
employees in all locations, including the
sales divisions.
More than 6,300 Fieldcrest employees
are members of the Credit Union,
amounting to nearly 70 per cent of the
entire employee group. In the Tri-City
area alone there are 3,500 members, rep
resenting a whopping 85 per cent of all
employees.
In order to make Credit Union trans
actions as convenient as possible, the
company cooperates by permitting both
savings and loan repayments to be han
dled through payroll deductions.
The Credit Union, which has never
paid less than a 4 per cent per annum
(Continued on Page Four)
25-Year Club Picnics
The 25-Year Club picnic for Towel
Mill members will be held in the picnic
area at the Fieldale ball park Saturday
afternoon, September 11, starting at 4
p.m. A large attendance is expected.
The dates and places of picnics or
luncheons for members of the 25-Year
Club in other mills will be announced
as soon as arrangements have been con
firmed.
'The localized meetings by mills or
mill areas replaced the former general
picnic attended by all members of the
club.
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