Newspapers / The Fieldcrest Mill Whistle … / July 14, 1969, edition 1 / Page 1
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mmm I—Ai ^OL. 28 Eden, N. C., July 14, 1969 NO. 1 Credit Union Pays $52,814 Dividend ROBERT A. HARRIS Harris New Trustee University Of N.C. Hobert A. Harris, vice president- ^facturing and secretary of Field- f Mills, Inc., has been elected a stee of the Consolidated University of Carolina. Was one of the 29 persons named (>Q^*'hstees by a joint House and Senate t[)^*^ittee. He had been nominated from by ^loor and subsequently was approved Ihe full membership of the General ^®5embly.^ 1 Harris is also a trustee of Camp- I buj. *“°llege at Buies Creek. He attended : sity^ Campbell College and the Univer- I of North Carolina at Chapel Hill ' 1^® received his B. S. in commerce i in 1939. ■ public affairs in the State locally, he is a trustee of the Home ■ '*1 ij°*^ics Foundation of the University : a Carolina at Greensboro. He is bj^®niber and past president of the ‘ C0h^^''*^^®"Spray Rotary Club, a dea- the First Baptist Church, Eden, a ^*'®sident of the Meadow Greens tbg Club and has been treasurer of Dividends totaling $52,814 have been paid to members of the Fieldcrest Mills Credit Union for the six months ending June 30. This makes a total of $416,022 in dividends that members have received since the Credit Union was established in 1958. This latest dividend was at the rate of 5% per annum, the rate made effective January 1, 1968. The Credit Union has never paid less than 4% per annum each six months since its organization. The first increase, from 4 to 41/4 per cent, was made January 1, 1965. This was raised to 41/2 percent on June 30, 1966. The five percent rate has remained since January, 1968. Statements have been distributed to Credit Union members showing the amount of dividend received, the mem ber’s share account, the loan balance, if any, and interest paid. If any member has not received his statement, or has any question concerning his account, he should contact the Credit Union office. The Credit Union has assets of ap proximately $2,900,000, with more than 8,600 Fieldcresters as members from nearly all plant locations. The member ship represents about 75 percent of the employees eligible to join. To join the Credit Union, an employee pays a 25c fee and signs a card authoriz ing the Company to deduct a specific amount (whatever the employee chooses) of savings from each paycheck. In order to make the Credit Union trans actions as convenient as possible, the Company cooperates by permitting both savings and loan repayments to be handled through payroll deductions. The purpose of the Credit Union is to encourage systematic savings; to make low-cost loans to members; and to help members handle their finances in a more adequate manner. ‘Old-Fashioned 4th’ Is Huge Success Tri- i-City Community Fund. Eden’s “Old-Fashioned July Fourth” celebration was a huge success. Upwards of 8,000 people — a large part of them Fieldcresters — participat ed in the afternoon program and the crowd grew to more than 12,000 for the fireworks display that climaxed the pro gram. By any measure, it was the biggest event in the community’s recent history. Jesse Burchell, who was general chair man, said he was “tremendously pleased” with the attendance. “It appears from all the comments we’ve heard that everyone thoroughly enjoyed the day’s activities,” Mr. Bur chell said. “Plans are already under way and committee appointments are being made for next year’s celebration. With an entire year in which to arrange en tertainment and activities, we hope to have an event that will exceed this year’s celebration.” The afternoon was filled with games, stunts, contests and various types of en tertainment. An air show featuring stunt pilots in two planes and a per formance by six sky-divers who para chuted into the area provided added ex citement. Rep. Richardson Preyer, of the 6th District, was the main speaker at a pa triotic observance early in the evening. He recounted historical facts concerning the nation and the signing of the Decla ration of Independence. Mayor Jones Norman of Eden; Henry Anderson, an honorary chairman of the event; and I. H. Shively shared the plat form with Rep. Preyer. Mr. Shively, a retired Fieldcrest employee, was honor ed as the most decorated serviceman in (Continued on Page Eight) Sales To Open Today At Both Fieldcrest Stores The annual August Sale at the Field crest Stores in Eden and Columbus, Ga. begin today, July 14, and will continue through August 30. The complete line of merchandise, in a wide assortment of styles and colors, is available in the storewide sales. Fea tured are the popular “Lazy Daisy” and the new “Fancy Free” and “Poppy Dot” one-look ensembles. The Thrift Shop offers its usual ex cellent values in irregulars, discontinued styles, samples, etc. The employee discount (25%) applies to sale prices in the Fieldcrest Shop. The store hours are 9 a. m. to 5 p. m. at the Eden Store, and 9 a. m. to 5:30 p. m. at the Columbus Store, Monday through Saturday.
The Fieldcrest Mill Whistle (Spray, N.C.)
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July 14, 1969, edition 1
1
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