^L. 27 Eden, N. C., January 6, 1969 NO. 12 Credit Union Pays Record Dividend Fieldcrest Mills Credit Union mem bers received a total of $49,464 in divi- etrds for the last six months of 1968. his brings the total dividends paid, *hce the formation of the Credit Union 1958, to $319,220. In comparison, there was $34,554 in ^ividends paid for the last six months 1967. The amount members received January to June, 1968 was $43,988. The December 31, 1968 dividend was the rate of 5 per cent, the rate de- ared effective January 1 of 1968. It ^ the third increase, jjj he Credit Union has paid a dividend ^ at least 4 per cent per annum each Months since its organization. The ^ ®t increase was from 4 to 4V4 per- ^ht, effective January 1, 1965, and it as raised to 4% per cent a year later. 1 rate remained in effect until the Cat increase of last year. Q, ®*"atements have been issued to all 5 ®'^tt Union members showing tlie b °ant of dividends received, the mem- account, the loan balance ^ interest paid. If any member fail ed to receive his statement, or has any question concerning his account, he should notify the Credit Union office. The purpose of the Credit Union is to encourage systematic savings; to make low-cost loans to members; and to help its members handle their finances in a more adequate manner. There are approximately 8,500 Field- crest employees who are members of the Credit Union. These are from near ly all locations and represent a high percentage of those eligible to join. These members enjoy regular savings and hundreds of members have borrow ed from the Credit Union. In order to make Credit Union trans actions convenient as possible, the Com pany cooperates by permitting both sav ings and loan payments to be handled through payroll deductions. Employees who are not members are invited to join. All that is required is a 25c fee and the signing of a card authorizing the Company to deduct whatever amount the employee speci fies from each paycheck. Tolbert Reaches 50 Years With Company On Tolbert completed 50 years of j^btinuous service with Fieldcrest Mills, on January 1. Mr. Tolbert, a na- ® of Cascade, Va., has worked in the Itlc tiV( JOHN T. TOLBERT Spinning Department of the Bedspread Mill since January 1, 1919. For 45 years, Mr. Tolbert was a dof- fer, but he now works as a traveler changer. Mr. Tolbert was guest of honor at a luncheon given by the Company on January 3 at Meadow Greens Country Club. He was presented his 50-year service pin, a gift and other mementoes. Many members of the exclusive “50- Year Club” attended the luncheon. Mr. Tolbert said that the changes he has seen could not have been imagined in 1919. The greatest improve ment, he feels, has been in working conditions. He is a great booster of the Company and likes the new manage ment of recent years. Managament to day, he said, expects you to do your job and turn out the work but they are much more considerate. Mr. Tolbert is married to the former Virginia Martin, of Winston-Salem, who works in the Burling Department at Karastan Mill. They have five married daughters and a son and live at 486 Burton St. They are members of the Hampton Heights Baptist Church. Dumaine Gives Land For Central YMCA F. C. DUMAINE, JR. F. C. Dumaine, Jr., of Boston, Mass., a director of Fieldcrest Mills, Inc., will give a tract of 30 acres of land for the new building and play areas for Cen tral YMCA at Eden. The land is located just off Kings Highway, lying along the west side of Smith River north of Kings Highway bridge. Announcement of the gift was made by the YMCA’s board of director through the New Building Committee, with G. W. Moore, honorary general chairman, W. D. Lashley, Jr., general chairman, and Douglas Craddock, chair man of the Site Committee. In commenting on the gift. Chairman Lashley said: “This generous gift of land will assure an adequate site for our proposed new YMCA building, as well as for play areas and parking space for cars. Our community is deeply indebt ed to Mr. Dumaine for his thoughtful ness and generosity.” Mr. Dumaine is president of the Amoskeag Company, the principal stock holder of Fieldcrest Mills, Inc. He was a leader in the organization of Field crest Mills, Inc. to purchase the mills in Eden and Fieldale, Va. from Marshall Field & Company in 1953 and has re mained a director since that time. He has long been interested in the (Continued on Page Four)

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