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Cover Stoi
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development corporation in East
Winston.
conduct studies to determine
the credit needs of the lowincome
and minority communities.
I* appoint a Wachovia community
affairs officer for North
Carolina to meet with community
leaders and organizations,
oversee the bank's involvement
with low-income and minority
communities and maintain and
strengthen the bank's relationship
with its North Carolina communities.
While Wachovia will not comment
on its negotiations with
I Legal Services, John F. McNair
HI, the bank's president, said in a
prepared statement that
Wachovia has fulfilled its ComI
munity Reinvestment Act obligations.
"Wachovia's progressive and
I non-discriminatory lending Dro
igam in the communities it
* serves, along with the substantial
leadership, financial support and
jl. volunteer assistance given to
u community causes, reflects what
we believe is an exemplary
record," McNair says in the
y statement.
McNair cites in the statement
Wachovia's involvement in the
Neighborhood Housing Services
Program, the Winston-Salem Urban
League headquarters project
f and the^ Winston-Salem State
University computer science
scholarship and internship pro
gram.
? He also cites the bank's participation
in the formation of the
Forsyth County DevelopmentCorp.
and Twin City Development
Corp. for housing.
But at least three local black
leaders feel Wachovia can do
more.
"We would' like to see
Wachovia Bank really make
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NAACP
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afraid it might discourage the
other centers. But whatever we
do for the three centers, the
others will benefit. If we have a
workshop, the other centers will
be invited."
Mrs. Allen said that the foundation
requested that the
RM^ \ >
COUMESS
FRESH INTERPRETATIONS. /
Spm'Nqs fAbulous new spec
From Sclby,
Bone Leather/Beige Trim
White Leather/Navy Trim
White Leather/Black Patent Trir
Bags to match
$5500 \ *
-*n;
|UST THE. RK
THAT FITS YC
StraHord Oaks
514 S. Stratford
Wmston-Soipm
919/761-0390
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V From Page A'
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some positive steps in terms of
providing housing loans to people
who want to come to East
Winston," said Tim Jackson Jr.,
chairman of the East Winston
Area Plan Review Committee, a
committee formed to give input
into a comprehensive development
plan for East Winston.
"Wachovia must do more than
lip service," Jackson said.
If the bank makes the opportunities
available, Jackson said, it
will be up to the residents to act
responsibly,44If
they borrow the money,
then they have to pay it back," he
said. "It's a twofold
proposition."
? I -J I - IITI-!
jaiKMJii auucu: l nis IS a
great opportunity for Wachovia
and the black community to
come together and improve the
quality of life in East Winston."
East Ward Alderman Virginia
K. Newell said Wachovia has
done much in the black community,
but from talking to
residents there, she feels it needs
to do more.
"Any bank in this town that
has a large amount of its funds
coming from the black community
owes it to the black community
to reinvest," Mrs. Newell said.
"And if, in fact, Wachovia or
any other bank has not done that,
then they should be required to
do so."
1 M VI -l? t
rvirs. ixewen saia DiacKs need
to assert themselves in dealing
with banks. "The black community
is being laughed at for
their foolishness,'* she said.
"The point is, I wouldn't do
business with a bank that doesn't
do business with me."
NAACP President Walter
Marshall said he does not think
that Wachovia has done its fair
share-in the black-community^
"Based on the history of that institution,
they have improved,"
he said, "but I would like to see
them take more stock in the black
community.
"There are a lot of things they
could do to revitalize East
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From Page A1
NAACP focus on three centers
for one year and then evaluate
them. "Hopefully, that will lead
to more funding," she said.
One part of the evaluation will
be pre- and post-testing at the
three centers, as well as the
others, she said.
k CERTAiN EASE. A dEfiNiTE lilME.
:TATORS CAUSE QUiTE A SNR.
of COURSE.
5A 4A I 3A 2A A I B
7-11 6-11 7-11 5V2-11 7-9 4-11
Tl
ioes
XT STYLE
XJ )UST RIGHT!
Downtown
211 W 4th St
Winsto. Soiem
919/722-1271
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1
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Winston," he said. "The biggest
thing they've done in the last few
years is put a bank there, and
with that they're taking out the
money, not putting it back."
Wachovia opened a branch on
Martin Luther King Drive in East
Winston in 1981.
A Community Reinvestment
agreement has already been
drawn up with First Union National
Bank, said an official in
the bank's Winston-Salem office.
"This wasn't court-ordered,"
said Sam Blythe, First Union's
vice president. "It is an agree
ment between First Union and
Legal Services."
Blythe said that the bank is in
compliance with the act.
J. Griffin Morgan, a staff attorney
with the Legal Aid Society,
said the agreements require
banks to take special care to meet
the credit needs of the community.
. 4 The agreements contain some
commitments from banks of
ways to insure both the credit and
deposit needs of the low-income
and minority communities in
North Carolina are being met,'*
he said.
All lending institutions
regulated by the four federal
agencies that oversee banks and
savings and loan associations are
required to display a Community
Reinvestment Act notice in each
branch office, provide a Community
Reinvestment Act. Statement
and maintain a public file.
The statement informs the
community about each bank's
lending policies and the public
file includes the statement and
any signed written comments.
The file is open to the public for
inspection.
Periodic reviews of the banks
are^conducted by the regulatory?
agencies to make sure they are
meeting the act's requirements.
The community can make sure
the banks are meeting their needs
through negotiation. lending_
flcrpempnts anrl filino a f*Arm o 1
C- M?iw U IU1IIIUI
protest.
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Mrs. Allen said that all of the
learning centers will focus mainly
on reading, writing and
arithmetic, helping children to
understand black history and
culture, raising self-esteem and
getting parents involved in their
children's education.
The Education Committee will
meet later this month to discuss
how the grant money will be used
at the three centers, she said. Any
proposal will have to be approved
by the NAACP's Executive Committee,
she said.
: rar
m
JTPAEMPL
JTPA provides employment and train
disadvantaged residents of the Wins
through the following:
ON THE JOB TRAINING ? Tn
employer on-the-job for permi
BEST ? Training and empioyi
building maintenance skills tr
LEARN-TO-EARN ? QED prep
tion opportunities in reading,
JOB EXPLORATION AND TR#
school youth program providi
' assistance.
| JOB MARCH ? Provides Job
Day Care
Transportation
Vocational Assessment
Job Counseling and
Placamant Assistance
\
Winston-Sairm
I PRECISION DECOF
STMNMASTER (
DuPon^^ifiei St
Manufactured by p
With a 5 Year Anti S
I 7! TZ I Phil/
Master Bedrooms
12'xiO' Applause
Great loo
colors to
Ha" CARF
t2'x3*
Bedroom f
12x10 CUSH
+
LAB<
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~1 Phil/>
Northern
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Playro, I ,
12x37? OARP
I CUSH
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12x20 Heavy sa
I CARF
Q^fci
?*?rs Cr?0fc p ' O f :
ana? whup^mAI lU
f WAHTElf
'- People who need a job and v
work. Complete job training pr
I Apply at: City of Winston1
Human Services Departme
Foundry Building, 222 South Li
Telephone 727-8004
LOYMEIVT and TRAIN*
ling programs for the economically plication And If
ton-Salem Forsyth County area goal Setting an
INDIVIDUAL R!
providad by loc
aining providad by an Aaaistanca witl
inant full-time amploymant. qualify.
mant assistance in tha INSTITUTIONAI
ada araa. to offandars.
oration and ramadial educa- CAREER BEGIN
writing and computations. sarvicaa, as we
JNING PROGRAM ? In- guidance for hi
ng after-school employment SUMMER YOU"
on-the-job skill
-seeking skills training in ap- summer month
If interested, you may apply at:
JTPA Intake Center
Human Servicea Department, City of Wii
222 S. Liberty Street (Foundry Building)
Winaton-Saiem, NC 27101 or call 727-WK
l_U_UL_B I
Chroniclr Thursday. April 9 1987 Page A15
SATING CENTER'S
CARPETING SALE
gy*j>*A r^-jf ~
ainmasier wm uarpets
HILADELPH1A I
Stain Warranty I
VDELPH1A STAIN MASTER CM I ~
Style I
king solid color saxony (plush). Many
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on *797
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iDELPHIA STAINMASTER CM I
Light Style
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~ $83750 h
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I
VDELPHIA STAINMASTER CM
Style
ixony (Plush). With elegance and charm.
: $92500
DR Based on 50 sq. yds.
Call For Free Estimates
1 sir v'
I jm iiiii mil M |
i g Center I
"HURS., FWI. 8 to 8; TUBS, WED. 8 to 6 SAT. 9 to 5 |
t _ /. ?
1NGPROOMMS^
iterviewing techniques, self-awareness,
d resume development.
IFERRAL ? Training for specific job skills
;al educational/training institutions,
h training cost available to those who
L OFFENDERS ? Employment assistance
ININGS ? Provides remedial and tutorial
ill as prevocational counseling and
gh school youth. p I
r? EMPLOYMENT PROGRAM ? Provides
dd training and work experience during the
s for youth 16-21 years of age.
rroor or tthi ronowing ifnOfTUTOOfi
to rtqulrad whtn applying:
Forsyth County residency
nstOwSalem Family Income
Social Sacurlty card
^ --A * Selective Service registration
)4, 727-2440 (for males born after 1959)
i