Fraternity-Testvériség, 1971 (49. évfolyam, 1-12. szám)

1971-04-01 / 4-6. szám

U.S.A. Gross Life Dues Collected..........................$1,345,413.84 Gross Health Dues Collected...................... 60,421.61 1969 Canada Total $33,974.09 $1,379,387.93 156.64 60,578.25 Total Gross Dues Collected.........................$1,405,835.45 $34,130.73 Net Dues Received ....................................... 1,315,420.27 31,794.66 $1,439,966.18 1,347,214.93 1970 Gross Life Dues Collected..........................$1,365,404.67 $33,392.26 Gross Health Dues Collected .................. 49,381.47 253.11 $1,398,796.93 49,634.58 Total Gross Dues Collected ......................$1,414,786.14 $33,645.37 $1,448,431.51 Net Dues Received ...................................... 1,324,318.33 31,460.52 1,355,778.85 After the second year of impressive net growth in our insurance in force, dues and assessments still have shown a rather insignificant increase. Since the quality of the new business — measured by dues per $1,000 written — is satisfactory, two other factors must be held primarily responsible for the undesirable situation: 1) Health dues dramatically decreased during the year; 2) The volume of paid-up and extended insurance further increased and even the rate of increase is higher. III. STATISTICAL SERVICE A) FLUCTATION OF MEMBERSHIP Adult Juvenile Total Combined USA Can. USA Can. USA Can. USA & Can. 12-31-66 24,211 521 8,855 190 33,096 712 33,808 12-31-67 23,906 533 8,527 270 32,433 803 33,236 12-31-68 23,844 523 7,966 276 31,837 801 32,638 12-31-69 23,888 509 7,532 200 31,420 709 32,129 12-31-70 23,748 501 7,259 192 31,007 693 31,700 A decrease of 429 during 1970, and 4,268 since December 31, 1959, when we reached our peak. B) FLUCTUATION OF CERTIFICATES 12-31-66 26,657 528 9,301 185 35,958 713 36,671 12-31-67 26,377 543 8,924 277 35,301 820 36,121 12-31-68 26,308 534 8,371 293 34,679 827 35,506 12-31-69 26,399 519 7,887 205 34,286 724 35,010 12-31-70 26,286 512 7,577 198 33,863 710 34,573 A decrease of 437 during 1970 shows some improvement compared to the 496 lost in 1969. Total decrease since December 31, 1959, is 3,922. C) FLUCTUATION OF INSURANCE IN FORCE Adult Juvenile Total Combined USA Can. USA Can. USA Can. USA & Can. 12-31-66 35,444,604 712,250 10,051,927 220,250 45,496,531 932,500 46,429,031 12-31-67 35,720,040 847,500 9,798,975 570,000 45,519,015 1,417,500 46,936,515 12-31-68 36,321,297 825,000 9,305,209 515,000 45,626,506 1,340,000 46,966,506 13-31-69 37,793,817 769,000 9,160,543 260,500 46,954,360 1,029,500 47,983,860 12-31-70 39,117,160 740,229 9,199,922 247,750 48,317,082 987,979 49,305,061 An increase of $1,321,201 during 1970, and $9,457,558 since 1959. IV. CLAIM SETTLEMENT 1969 1970 U.S.A. Canada U.S.A. CciucidcL No. Amt. No. Amt. No. Amt. No, Amt. Death ......................... .. 372 $383,907 8 $4,000 303 ! 1284,093 10 $4,250 Sick Ben’t.................. .. 197 13,835 2 420 151 10,783-- -­Hosp’n........................ .. 161 30,600-- — 126 26,493-- -­Matured..................... .. 388 333,138-- — 480 417,389-- -­Surrender ................. .. 594 240,438 14 2,552 550 227,132 11 4,029 Others ....................... .. 186 — 9 384 — 11 — We granted loan against 261 certificates in the U.S.A. and 4 in Canada. As of De­cember 31, 1970, we had outstanding loan in the U.S.A. in the amount of $575,139.10 and in Canada in the amount of $1,984.24. Expense disbursement was handled on 931 vouchers. We satisfied properly submitted claims witthin 24-48 hours, thanks to the coopera­tion of our outstanding field-force and branch managers for which I am very grateful. V. TRUST FUND Death benefits which cannot be paid to the beneficiaries because of various reasons (Minor, address unknown, etc.) and pro­ceeds of unclaimed matured certificates are kept on our Trust Fund of Unpaid Claims. As of December 31, 1970, the ba­lance of the Fund was $99,682.08 in the U.S.A. and $5,007.84 in Canada. The States consider these deposits aban­doned after a certain specified number of years at which time unclaimed amounts must be transferred to the Welfare De­partments of the respective States. Each year we publish a list of these deposits in the official paper in order to locate lawful recipients. VI. BUDGET I submit a budget-expense reconciliation for the year of 1970, combined with the proposed budget for the current year. The proposed budget was prepared with the cooperation of the Executive Committee and the Business Counsellor. I forwarded a monthly budget-expense reconciliation to the National Officers and the Accountant. VII. PAYROLL, TAXES After deducting the various Federal and State taxes, net proceeds of the salaries were computed and figures forwarded to the Treasurer’s Office. Taxes were submit­ted together with the prescribed return forms to the U.S. agencies and Canadian tax offices always on due time. Beside the payroll taxes my office handled all other levies of the States and Canadian Provinces which are imposing evergrowing financial and administrative burdens on the Federation. Even a short examination of our tax records will make you understand why taxpayers, individuals as well as corporations, are up in arms to fight governmental red tape. The Internal Revenue Service mailed special report forms instructing the Fed­eration, an organization exempt from in­come tax, to file a return on income re­ceived in 1970. This is the first positive 20

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