Newspapers / The Fieldcrest Mill Whistle … / July 19, 1971, edition 1 / Page 1
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Si 30 v^r XT ■■ ^' Eden, .N. C., July 19, 1971 No. 1 Credit Union J’otal Of $689,577 Paid Out ^ Dividends To Members •nce Credit Union Began Members of the Fieldcrest Mills J'edit Union received $82,456 in divi- ®nds for the six months ending June making a total of $689,577 in divi- ®hds paid since the Credit Union was “•■ganized in 1958. comparison, the dividends paid for 68fi period a year ago totaled $62,- The amount paid for the last six Months of 1970 was $72,694. June 30, 1971, dividend was at a rata of 6% per annum. This rate made effective July 1, 1970, and sin^ fifth increase in dividend rates I, ^6 the establishment of the Credit htvion. pFieldcrest Mills Credit Union has ® dividend of at least 4% per an- ea^' months since it was or- *2ed. The first increase was frcr ■ 41/4% effective January 1, 1965. 2,456 Dividend It was raised to 4 Vi % 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%. In addition tO' the increasing dividend rate, the Credit Union early in 1968 re duced the interest rate charged on loans from 1% to nine-tenths of 1% a month on the unpaid balance. Statements have been 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 concern ing his account, he should contact the Credit Union OUice. With nearly $4-million in assets, the Fieldcrest Mills Credit Union has ap proximately 9,000 members from nearly all company locations, representing over 80% of alt employees eligible to join. HANDS of Elaine Cox (foreground) and Marie Murray manipulate switch- ‘‘bout Cieneral Offices, Eden. These operators use good telephone manners. How >*hoB about the impression you create over the tele- *• For hints on good telephone manners and procedures, see story on page three. These members have the opportunity to enjoy regular savings through pay roll deductions and hundreds of mem bers have borrowed from the Credit Union. Since its organization the Credit Union has made 77,527 loans, totaling over $15-million. 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 (Continued On Page Eight) F. W. Green Resigns G. W. Moore, chairman of the board and chief executive officer of Field crest Mills, Inc., July 12 announced the resignation of F. W. Green, president and chief operating officer, effective immediately. Mr. Moore said that he regretfully accepted Mr. Green’s decision to leave Fieldcrest Mills, Inc., and acknowledged Mr. Green’s many contributions to the success of the Company. Mr. Moore will re-assume the presi dency of Fieldcrest Mills, Inc. Sales Under Way At Both Fieldcrest Stores The annual Summer Sale at the Fieldcrest Stores in Eden and Colum bus, Ga., began Monday, July 12, and will continue through August 31. A broad assortment of Fieldcrest merchandise is available in the out standing sales event. The distinctive Yves St. Laurent and Pierre Cardin col lections again are offered at reduced prices, along with popular items from other product lines, sheets, towels, blankets, bedspreads and automatic blankets. The Thrift Shop is offering its usual excellent values in irregulars, discon tinued styles, samples, etc. The employees discount (25%) ap plies to the sale prices in the Field crest Shop. Store hours are from 9 a. m. until 5 p. m., Monday through Satur day.
The Fieldcrest Mill Whistle (Spray, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 19, 1971, edition 1
1
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