Fraternity-Testvériség, 1986 (64. évfolyam, 1-3. szám)

1986-04-01 / 2. szám

FRATERNITY Page 3 PRESIDENT'S REPORT Excerpts from report to the Boáid of Directors for the year 1985 The year of our Lord 1986 marks an important anniversary in the life of our Federation for it was 90 years ago, on the 4th of July, the American Independence Day, that the Hungarian Reformed Federation of America came into being. It needed America; it needed a spirit of inde­pendence, and the deepest feelings of brother­hood, which were dormant for centuries in the souls of our people, suddenly blossomed into what became a fraternal society, which is still unique in the history of the Hungarian Reformed community here and abroad. The Anniversary Year gives us an opportunity to reaffirm our faith in the HRFA. We have faith in our Federation for what is has meant to all of us for over 90 years! We have always been a fraternal benefit society in the true sense of the word; thus we are unique in the business world. Unlike the commercial companies, we have the potential of uniting the concept of brother­hood and care, along with the benefit of financial security. With us, not only is financial security important, but also fraternal service, which is the religious, cultural, social and educational involve­ment on local and national level. We are proud of our past and firmly believe in the future of fraternalism as represented by our Federation. We are not just one of the many fraternals — we dare to be different from all other societies, since we have always met the needs and goals of the Hungarian-American community, which is still our primary, although not exclusive, target for insur­ance and fraternal services. Our last large scale anniversary celebration took place ten years ago in 1976. Little did we know then that the rhetorics of the triumphant celebra­tion were but an introduction to the most critical period in the life of our Federation! On September 9, 1977, the Board of Directors passed the following resolution: “A motion was made and seconded to authorize the Executive Committee to negotiate the sale of the Kossuth House located at 3216 New Mexico Avenue, NW, Washington, DC.” The Board approved the sale, however, with the folowing stipuation: “The Board must make a feasibility study for reloca­tion and appoint a Building Committee for the planning of the new Kossuth House as our new Home Office Building.” The 1984 Convention carefully checked the course and direction that the Federation had taken during the past ten years and re-affirmed the goals and principles of the Founding Fathers. Resolu­tions were made to implement insurance and fraternal needs of our members as modern times demanded. Tire Convention committed itself to be of help to the entire North American Hun­garian community, just as it had been in the past 90 years. From the fiscal point of view, the Hungarian Reformed Federation of America is bigger than ever. Admitted assets have increased and have reached the all time high of $21,607,090. The solvency ratio is up to 138.53 — (for every dollar insurance, there is $1.38 to cover it), again, higher than ever. We have still enjoyed successful years with net profits exceeding $326,938 in the last year. With the know-how of our full-time Direc­tor of Sales, with better-trained sales representa­tives, the trend of decrease in membership and insurance in force can be leveled-off and reversed. Thus, we can achieve our goal; we can and have regained our self-esteem and pride in our Federa­tion; we have recaptured the respect of the Hun­garian-American community which still needs the presence and the leadership of our Federation! Resolutions passed by the Board of Directors at its March 3-7, 1986 meeting in Washington, DC. President Bertalan read the letter of resignation from Elmer E. Vargo effective April 20, 1986. a — A motion was made and seconded to accept the resignation of Elmer E. Vargo with re­grets. b — It was unanimously passed that Suzanne S. Virgulák act as a temporary recording sec­retary for this meeting. c — That William B. Puskas, treasurer, is desig­nated as acting secretary and is empowered to executive and deliver all documents requir­ing the signature of the secretary. This ap­pointment and authority shall automatically cease upon the election and installation of a permanent secretary. d — The HRFA pleadges a maximum of $50,000 for the building of a new archives/museum at Ligonier. The terms will be decided at the

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