Fraternity-Testvériség, 1969 (47. évfolyam, 1-12. szám)
1969-04-01 / 4. szám
IMPORTANT Information to Policyholders of THE HUNGARIAN REFORMED FEDERATION OF AMERICA Never! Never! Let This Happen To Your Policy Or Certificate NEVER — Surrender Or Lapse Your Policy: —It is a vital part of your assured estate —It increases in value with each paid premium (Term Insurance excepted) —It is a permanent protection for its beneficiary NEVER — Drop Your Policy To Take A New One: —You cannot replace it at the same age premium Rate —You cannot replace it without an additional annual cost POSSIBLY NOT AT ALL in case of an occupational hazard or physical impairment. THE HUNGARIAN REFORMED FEDERATION OF AMERICA Is Under Strict State Supervision: —Your policy has been approved by Insurance Departments where Company is licensed. —Your Company’s assets and reserves back of your policy must be maintained in accordance with State Insurance Department Regulations. WE— —Recommend that you as an owner of a legal reserve contract keep your policy in force by paying premiums promptly. —Know of no plan other than Insurance that offers both immediate funds for the beneficiary in case of premature death or a cash fund (Term Insurance excepted) for the owner at retirement age, which in effect, adds to the owner’s Social Security or other retirement program. —Warn against being influenced by idle gossip or uninformed advice. Your Company can best answer your questions. —Advise you to contact your company or its representative should necessity create premium payment problems. IN ALL SINCERITY If we are helpful in any way in your keeping your policy in force at all times, we will indeed be gratified; as we know there will come a day when you will say, “I’m Grateful I Did”. ☆ CALL OUR LOCAL REPRESENTATIVE! Find their names, addresses and telephone number on the last page of this magazine. THE CONTROLLER’S REPORT FOR 1968 (Excerpts) Mr. President, distinguished Members of the Board: I give account on the activities of my office grouped according to the spheres of duties assigned to the Controller. I. ACCOUNTING FINAL BALANCE (U.S.A. and Canada combined) DEBIT Cash — Checking Accout ---------------Bonds _____________________________ Mortgage Loans .....................-.................. Real Estate Owned .................................. Certificate Loans ....................................... Shortage of Branches .............................. Petty Cash ................................................. Loan to Branch 69.................................... Deposit for Checking Acct. in Canada CREDIT Consolidated Fund ................ Sick Benefit Fund................... Hospitalization Fund ............. Trust Fund ................................ Bethlen Home Contributions Retirement Benefit Fund...... D.C. Income Tax Withheld .... Income Tax withheld............. Interest on Loan, Branch 69 Credit from Home Office...... 1967 .$ 103,614.71 7,215,550.78 6,433,522.63 677,169.80 481,072.46 1,407.80 400.00 386.60 $14,913,124.78 $14,480,126.14 130,112.52 47,660.89 114,241.45 1,178.21 139,432.00 317.33 23.45 32.79 $14,913,124.78 1968 $ 111,955.19 7,840,288.62 6,213,794.34 683,725.87 491,828.19 2,756.30 400.00 208,253.95 $15,553,002.46 $14,897,501.99 129,208.78 55,691.56 112,909.41 146,884.76 356.36 133.90 40.87 210,274.83 $15,553,002.46 II. COLLECTION OF DUES The overwhelming majority of the branch managers deserve the appreciation of the Board for the fine and often frustrating job performed on the line of collection and claim settlement. The decreasing number of dues-paying certificates lessens the importance of automation. I, therefore, respectfully recommend to wait at least one more year, during which time the business trend of the Federation might determine the feasibility of such far-reaching change. The Supreme Council abolished the positions of the two supervisors. There are, however, certain supervisory duties which should be taken care of by the district and section managers. Such duties are: a. ) The orderly transition of duties and supply from the old branch manager to the new one, when a manager is replaced. b. ) Instruction of the new manager (Collection procedure and claim settle ment). c. ) Occasional checking on branch managers if their records are properly kept and they have sufficient supplies. d. ) Assistance in unusal claim settlements. (Probate, Administration of Estate, etc.) Their contracts should call for the performance of such services and they should be properly trained and equipped to give such instructions. Branch handling expenses increased despite the fact that both, the gross and net dues income decreased, because we granted higher deduction rate to several branch managers (8% instead of 7%) and raised the salaries of the branch office employees. 15
