Fraternity-Testvériség, 1965 (43. évfolyam, 1-12. szám)

1965-05-01 / 5. szám

FRATERNITY 11 COMPARATIVE REPORT ON NET GAINS BY FUNDS 1961 1962 1963 1964 Life Insurance Fund.........$1,082,962.49 $651,584.73 $607,822.75 $516,041.76 Sick Benefit Fund ........... 515.31 3,603.39 1,299.74 1,185.11 Hospitalization Fund ....... 5,218.67 7,421.95 9,520.10 —1,282.29 II. COLLECTION OF DUES In the area of dues collection the old and ambiguous branch de­duction system caused most of our difficulties. The introduction of the new percentage method seems to take care of the problem. Gross Assessments in 1964 .............................................................$1,438,586.46 Gross Assessments in 1963 ............................................................. 1,418,741.65 Increase .$ 19,844.81 Our dues per certificate figure continued to grow. In 1963 it was $3.14, in 1964 $3.49. Counting premium paying certificates only, these figures were $3.22 in 1963 and $3.62 in 1964. Relationship between net assessments and net dues collected: 1961 1962 1963 1964 Net Assessments.........$1,288,125.59 $1,317,034.97 Net Dues Collected.... 1,269,454.98 1,324,649.91 $1,345,050.15 1,338,335.09 $1,365,301.45 1,346,883.64 1963 1964 Gross Dues Collected ............................................$1,411,176.11 Net Dues Collected .............................................. 1,338,335.09 $1,417,658.73 1,346,883.64 Branch Deductions. .$ 72,841.02 $ 70,775.09 A study was made on the branch deductions based on the 1934 actual collection figures, and the Executive Committee recommends cer­tain changes in percentages in order to comply with the resolution of the Convention. 1963 1964 Dues Prepaid ..........................................................$ 118,617.62 $ 129,308.36 Dues in Arrears .................................................... 62,092.32 69,395.34 Non-Premium Paying on December 31, 1962 .. Certificates ....... 3,558 Ins. in Force » $3,375,412 Non-Premium Paying on December 31, 1963 .. ....... 3,748 3,619,145 Non-Premium Paying on December 31, 1964 .. ...... 4,146 4,092,874 x

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