The clothmaker. [volume] (Clinton, South Carolina) 1952-1984, December 21, 1989, Image 4
Clinton Credit Association
Credit association holds annual meeting
The third annual meeting of the
Clinton Credit Association was held
November 15. President James
Buchanan reported to those
attending that as of September 30,
1989 the Association had assets
totalling $2,833,933, up
substantially from 1988's
$2,362,066.
Buchanan noted that during the
past year the financial firm had
added a Christmas Club to its
savings plans, made available wire
transfer and direct deposit of payroll
funds to better serve our members.
In addition to the added services,
the Association's field of
membership has been expanded to
include anyone that is related to
Clinton Mills employees or retired
employees through blood or
marriage.
The Supervisory Committee
comprised of Lewis Boyer,
Chairman; B.F. Harvey and Margie
Jacks reported a satisfactory
Carol Ann Boyd received a Magic Chef microwave oven as the first
place prize in the recent Clinton Credit Association promotion. Carol,
Lydia weaving, is all smiles as Sandi Satterfield of the CCA staff gives
her the oven just in time for use during the holiday season.
Deborah Barnes, #2 spinning, received the second place prize from
Imo Jean Woods, right. Deborah was pleased to get the twin coolers
which she plans to use throughout the year.
appraisal of the operating officials,
practices, and conditions of the
Association.
A Federal examination was
conducted on January 11,1989, and
recommendations found during
this lengthy review are being
addressed by management.
Truman Owens, Chairman of the
Credit Committee, and Gerald
Satterfield reported that over 1,155
outstanding loans totalling over
$2,380,000 were currently being
serviced by the financial firm.
They noted that as September 30,
the Association has made $4,346,829
in loans to eligible members.
Nominating Committee
Paul Tyson, Martha Simmons,
and Homer Lawson presented a
slate of directors for three year
terms. Mack Parsons and Martha
Prather were elected for full three
year board terms.
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Clinton Credit Association President James Buchanan, second from
right, reviews the firm's annual report with, left to right, Lewis Boyer,
Margie Jacks and B.F. Harvey.
John Powers, Bailey Weaving, assists daughter Tiffany in drawing
for three prizes given away by the Clinton Credit Association to
promote thrift and systematic savings and responsible financial man
agement by members.
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