Eden United Fund Drive To Open Oct. 19
^utid
ber 19
community-wide Eden United
tob ~ ‘^®^Paign will begin Monday, Oc-
continue through Satur-
6,;; *^ctober 24, with a budget-goal of
ove^^ budget-goal was increased $20,000
year’s goal, due primarily to
increasing costs of operation of the
parti,
*i>stai
mpating organizations and in some
Pees to increases in the services
tu luui ecii>t:b ill UK
programs being offered.
Oy. ® board of directors of the Eden
Fund approved the over-all
recommended by the budget and
committee. Included is an
for contingencies, $12,403.20,
^^cd to cover shrinkage due to per
sons moving away or otherwise default
ing on their pledges, and to provide a
slight reserve for the future.
Charles Nooe, general chairman, said
that the names of the division and area
chairmen and other details of the cam
paign are to be announced shortly. Mr.
Nooe, a local attorney, is first vice
president of the Eden United Fund.
William L. (Bill) Atkinson, of Leaks-
ville Bank and Trust Company, is pres
ident and Lyman Collins, of Southern
National Bank, is chairman of the bud
get and admissions committee.
Mr. Nooe expressed optimism that the
campaign will reach its goal. “We will
have good volunteer workers and good
Credit Union Serves 8,500 Employees
'''hopping 93% of all employees,
Eden area mills and offices are
of the Fieldcrest Mills Credit
meaning that over nine out of
^ 10 Fieldcresters in the area be-
fi'ery
loi
to the
organization.
lht(
emational Credit Union Day
Wednesday, Oetober 15
to Eden, the highest percentage
Dlill ^^bership is at the Columbus Towel
Out ’ ^Plumbus, Ga., where over three
CUfj, every four employees (78%)
ly members, followed close-
V5 ^ the Fieldale Towel Mill, Fieldale,
low,^*th 77% of the employees be-
^ Pg to the Credit Union.
of the operating statistics
l95g that since its organization in
Credit Union has made 70,000
■billj loans totaling close to $14-
biogj Loans have been made for al-
bUtpog conceivable worthwhile
acc°^'Cost loans are made from the
''’ho Plated savings of the members,
dividends on their share
j The Credit Union makes it
®bt ®aye systematically out of pres-
The habit of thrift and the
(yUfe
t S bp ^P'rPPlty it brings is one of the
of belonging to the Credit
Well
Credit Union currently has assets
over $3-million and has over
8,500 members from nearly all plant
locations. The total membership repre
sents 77% of all of those eligible to
join.
Dividends paid to members since or
ganization of the Credit Union total
more than $500,000, including dividends
of $62,686 paid for the latest six-months
period ending June 30.
This latest dividend was at the rate
of 51/2% per annum, the rate made ef
fective as of January 1, 1970. The
Credit Union has never paid less than
4% per annum each six months since
its organization.
The Credit Union is a self-supporting,
all-employee activity owned by its
members and run by its members. All
(Continued On Page Eight)
Benefits Increased
Effective October 1, certain benefits
paid under the Fieldcrest hospital-sur
gical insurance plan in the southern
mills were increased as follows:
The benefits paid for hospital room
and board, formerly $25 per day, were
raised to $30 per day.
Maternity benefits, which were form
erly $100 for the hospital and $100 for
the doctor, were increased to $150 for
the hospital and $150 for the doctor.
The increased benefits are provided
at no additional cost to the employee.
A new hospital-surgical insurance
booklet, incorporating the latest im
provements in benefits, is being printed
and will be distributed to employees
when available.
organization,” he said. “The people of
Eden have always responded generous
ly to the United Fund appeal. I think
that they will give a generous response
this year and that the campaign will
go over the top.”
The campaign will be conducted pri
marily at places of employment and
the suggested basis of giving is the
“Fair Share” recommended by the Eden
United Fund.
Many businesses and industries co
operate by permitting employees to
pledge a contribution and pay it in
small installments through payroll de
ductions over a 12-month period.
Fieldcresters, along with the em
ployees of other firms in Eden, will be
asked to pledge on the “Fair Share”
basis. For the convenience of employees
and upon their authorization, the Com
pany will make payroll deductions over
a 12-month period to collect the pledge.
Payroll deductions authorized by em
ployees will not begin until the first pay
period in January, 1971. If an employee
has no work during a particular week,
(Continued On Page Three)
Blanket 25-Yr. Club
To Meet October 10
The annual 25-Year Club meeting for
members in the Blanket Operation has
been scheduled for 11 a.m. Saturday,
October 10. The program will be in
the former Draper Junior High School
auditorium with a luncheon to follow
in the cafeteria of the Draper Element
ary School.
J. R. Baker, plant manager of the
Blanket Finishing Mill, will be master
of ceremonies. Blanket Operation of
ficials will report on mill operations.
Entertainment will be furnished by the
“Blue Grass Partners”, a group well
received at last year’s 25-Year Club
meeting.
The Blanket Operation has 573 em
ployees who are members of the 25-
Year Club. Of this number, 304 are
active employees and 269 are retired
under the Fieldcrest Pension Plan.
The 24 new members to be welcomed
into the club at the meeting include:
Blanket Mill—Edna W. Adkins, James
F. Belton, Margaret L. Cannon, Clem-
(Continued On Page Four)