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Page 2 Membership Exceeds Expectations “The Clinton Credit Association has 1,890 members/’ stated Manager Harvey Dickert. "The response that we’ve had during the initial enrollment period exceeded our ex pectations,” he added. "Although we are busy processing the applications,” con tinued Dickert, "we are on schedule with our initial start up activities. We attribute our high participation to our one-on-one enrollment procedures at all of our plant focations. "It is rewarding to see the enthusiasm which has been shown by our employees,” he added. "These employees have taken advantage of this valuable addition to our already wide range of benefits. "All credit association accounts are in sured by the National Credit Union Adminis tration up to $100,000 per member,” stated Dickert. "Over the years, Credit Associations have been a safe institution in which to keep money,” noted Dickert. "Many employees have found the free life insurance, up to a maximum of $2,000, paid for by the credit association, an added attraction to them.” The credit association, located at 301 Bailey Street, provides a competitive sav ings program for its members. Every Clinton Credit Association member is an owner of the association. Payroll deductions make savings easier and more convenient for employees. Membership in the association is obtained by filling out a membership card, buying one $5 share, and paying a $2 mem bership fee. "We are striving to place our highest prior ity on serving the needs of our savers,” emphasized Dickert. "This means working very closely with our members regardless of the size of their deposits.” At the close of business on November 18, 1986, the Clinton Credit Association had a net worth of $165,039.69. The supervisory committee of the Clinton Credit Association acts for associa tion members in carrying out a series of check-ups to ensure that records are maintained properly and accurately and to assure the policies of the board are carried out and members receive the best possible service. Members of the supervisory committee are left to right, B. F. Harvey, Margie Jacks and Lewis Boyer, chairman. The Clinton Credit Association has a credit committee who has the general responsibility for approving or disapproving all requests from members for loans. The credit committee acts within the boundaries of the law and the credit policies established by the board of directors. Members of the credit committee are left to right Truman Owens, chairman; Josh Savage and Jerald Satterfield. The board of directors of the Clinton Credit Association consists of seven members who serve without compensation. The board’s primary responsibility is to exercise control and provide direction for the operations of the association. Board members determine the interest rate on loans, sets the maximum amount which may be loaned, declares dividend periods and rates, directs the collection of delinquent accounts, establishes adequate reserves, and sets and reviews internal controls. The board members are seated left to right, Stenographer Pat Owens, secretary; Plant No. 2 Cloth Room Recorder Martha Prather; and Lydia Plant Manager Joe B. Nelson, vice president. Standing, left to right, Accounting Manager Norman Craven, treasurer; Personnel Director James Buchanan, pres ident; Bailey Warehouseman Herman Williams; and Director of Communica tions Mack Parsons. U 0ur membership has exceeded all of our expectations.” —Harvey Dickert, Manager