HE MILL WHI
Eden, N. C., January 18, 1971
No. 14
1>U.
Credit Union Pays $72,694 In "' " '
>1 Of $607,121 Paid Out In
, '^ends To Members
^**edit Union Began
it of the Fieldcrest Mills Cred-
received a total of $72,-
« b for the six months end-
totjl 31, 1970. This makes a
i6(>^^^®07,121 in dividends paid since
tti Union was organized in 1958.
Si5ij,'?^Parison, the members received
®f igg. dividends the last six months
it amount paid for the first
°nths of 1970 was $62,686.
’'C ^^'^si^ber 31, 1970, dividend was
^ate of 6% per annum. This rate
effective July 1,
1970, and
increase in rates since the
of the (
^. -fieldcrest
of the Credit Union.
Pgi,—*^'^-icsi, Mills Credit Union
a dividend of at least 4% per
months since it was
®h. The first increase was from
C>- Textile Industry
>loys 284,500
‘Ha
-t^'oyed
Carolina textile industry
- a total of 284,500 persons—
P’‘‘ly production employees and
iQ ^°'‘'kers—during the calendar
These employees made
of the state’s entire indus-
force. The textile payroll for
‘‘e during 1969 was $1,467,147,000.
up
® fore
J V Ti’^^Soing figures were announc-
“^*ion Employment Security Com-
its annual report, “North
,;ok-,
' Employment and Wage
^Jje ] • The report covers all
J job holders insured under the
V ^-hlployment
Security law.
report, the latest available.
th,
^hat the textile payroll was by
'^1 followed in the indus-
?'‘‘h by the apparel industry
liN ’?2,644 employees who re-
■\ ^^^>177,553. Apparel manufa'c-
V j^Ployees make up 10.1 percent
k ^bdustj-jgj work force.
?*• j.„^hiployment
Security Commis-
ijj a Rockingham County
tal of 9,964 textile jobs in 1969,
5st
at tU JUkJO 111 11711,7,
me textile payroll in the coun-
year reached $58,652,090.
4% to 41470 effective January 1, 1965.
It was raised to 4V2 7o a year later
and this rate remained until January 1,
1968, when it became 5%. The rate be
came 51/2% after another year and ef
fective July 1, 1970, was increased to
the present 6%.
Statements are being distributed to
all Credit Union members showing the
amount of dividends received, the mem
ber’s share account, the loan balance, if
any, and interest paid. If any member
failed to receive his statement, or has
any question concerning his account, he
should contact the Credit Union office.
There are approximately 9,000 Field-
crest employees who are members of the
Credit Union. These are from nearly all
locations and represent a high percent
age of those eligible to join. These mem
bers have the opportunity to enjoy regu
lar savings through payroll deductions
and hundreds of members have borrow
ed from the Credit Union.
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.
In order to make Credit Union trans
actions as convenient as possible, the
Company cooperates by permitting both
savings and loan payments to be handled
through payroll deductions.
Employees who are not members of
the Credit Union are invited to join. All
that is required is for the employee to
pay a 25c fee and sign a card authoriz
ing the Company to deduct a specified
amount of savings from each paycheck.
W. G. HUNNINGS
C. L. KAMETCHES
Three New Appointments Announced At Mills
W. G. Runnings, division vice presi
dent-sheet manufacturing, was appoint
ed division vice president-bed fashions
manufacturing, effective January 1,
and C. L. Kametches, plant manager at
the Alexander Sheeting Mill, was ap
pointed general manager-sheet manu
facturing.
F. E. Barron, division vice president-
bedspread manufacturing; N. F. Young,
division vice president-blanket manu
facturing; and C. L. Kametches, gen
eral manager-sheet manufacturing, will
report to Mr. Runnings.
K. W. Foddrell, plant manager. Sheet
Finishing Mill; R. C. Going, plant man
ager, Draper Sheeting Mill; and C. R.
Wiggonton, plant manager, Alexander
Sheeting Mill, will report to Mr. Ka
metches.
W. O. Stone, division vice president-
Fieldale towel manufacturing, was ap
pointed division vice president-bath
fashions manufacturing. T. R. Sherrill,
division vice president-Columbus towel
manufacturing, will report to Mr. Stone.
D. E. Simons, plant manager, Fieldale
Towel Mill; G. L. Caraway, manager of
Fieldale warehousing and customer ser
vice; and J. R. Wright, plant manager,
Worthville Spinning Mill, will continue
to report to Mr. Stone.
Messrs. Runnings and Stone will re
port to A. L. Jackson, vice president-
domestics manufacturing. Messrs. F. A.
(Continued on Page Three)