National Engineers Week
Begins On February 18
National Engineers Week, sponsored
by the National Society of Professional
Engineers, is being observed February
18-24.
The special observance is tradition
ally held during the week that includes
George Washington’s birthday, recall
ing that he was a surveyor and engineer.
President Nixon issued a proclama
tion for National Engineers Week, call
ing upon all Americans to “honor those
talented and hardworking men and wo
men whose skills are so basic to realiz
ing the technological advances that will
assure for all of us the improvement
we seek in the quality of life in our
society.”
Top Weavers, Fixers
Weavers—W/E February 4
Dobby Terry George W. Haynes
Jacquard Terry Robert Ferguson
Fixers—W/E February 4
Dobby Terry Clifford Custer
Jacquard Terry Wilford Jones
Weavers—W/E January 28
Dobby Terry Donald W. Bowman
Jacquard Terry Robert Ferguson
Fixers—W/E January 28
Dobby Terry Melvin Clark
Jacquard Terry George Lynch
Chambers, Smithwick Receive Promotions
Joins Fieldcrest
Robert P. Crouch, Jr., joined Field-
crest Mills on January 22, as assistant
to the manager of employee benefits
and personnel information systems.
Mr. Crouch is a 1966 graduate of
Drewry Mason High School in Ridge
way,,.Va., and a 1971 graduate of the
University of Maryland with a bache
lor of arts degree in government and
politics.
Immediately prior to joining Field-
crest, Mr. Crouch was a research as
sistant to U. S. Senator William B.
Spong, Jr. While in college and later
on a full-time basis, he worked in the
office of U. S. Senator Alan Cranston.
8
Two employees at the Karastan Rug
Mill in Eden have received promotions
made effective recently.
Virgil C. Chambers has been named
general foreman of tufting at the Laurel-
crest Carpet Plant in Laurel Hill. Since
his employment at the Karastan Rug
Mill in 1954, he has been a floor worker,
weaver, second hand, shift foreman and
quality control supervisor.
Thomas R. Smithwick has been pro
moted to quality supervisor-weaving at
the Karastan Rug Mill. Beginning em
ployment at the Automatic Blanket
Plant at Smithfield as a shift foreman,
he worked briefly in industrial engin
eering before going to the Karastan
Spinning Mill at Greenville as a man-
V. C. CHAMBERS T. R. SMITHWICK
agement trainee and later as a shift
foreman. He then worked at the Kar-
astan Rug Mill as a shift foreman un
til his recent promotion.
FIELDCREST MILLS CREDIT UNION
EINANCIAL STATEMENT
Eden, N. C.
December 31, 1972
BALANCE SHEET
ASSETS 1972 1971
Cash in Banks and Savings and Loan Assns $ 2,682,927 $ 1,992,543
Loans Receivable 2,271,634 2,187,924
Prepaid Expenses 1,258 2,186
Office Equipment 1,221 1,940
Interest Receivable 23,010 15,928
Total Assets $ 4,980,050 $ 4,200,521
LIABILITIES AND NET WORTH
Shares Outstanding $ 4,337,455 $ 3,627,200
Reserves 330,810 274,891
Undivided Earnings 309,185 298,430
Accrued Fees 2,600 —■
Total Liabilities & Net Worth $ 4,980,050 $ 4,200,521
PROFIT AND LOSS STATEMENT
INCOME
Interest on Loans $ 234,795 $ 221,281
Interest on Investments 100,955 68,355
Total Income $ 335,750 $ 289,636
EXPENSES
Clerical Cost $ 29,400 $ 27,600
Supplies 2,257 458
Insurance 9,610 6,943
Bonding Fee 928 882
Banking Service Charges 34 55
Depreciation 719 805
State Supervisory Fees 7,285 4,438
All Other 8,300 4,580
Total Expenses $ 58,533 $ 45,761
Operating Profit $ 277,217 $ 243,875
DISPOSITION OF PROFITS
Dividends $ 211,019 $ 173,914
Reserves 55,443 48,775
Undivided Earnings 10,755 21,186
Total $ 277,217 $ 243,875
THE MILL WHISTb^-