Bethlen Almanac 1997 (Ligonier)
The Hungarian Reformed Federation of America
nia. We also gained new finders: Richard W. Aros, Frank Kapitan, László Kovács and Ted Weisenbach. Mr. Csornán also stated that, according to a Convention resolution, Branches 300A were assigned to their respective areas. Treasurer Suzanne S. Virgulák reported on the Federation’s assets, mortgage loan procedures and direct billing. In Akron, South Bend and Duquesne, the Ladies Aid of the respective churches prepared excellent meals of Hungarian style and delicacies. In New Brunswick, the ladies of the local branch prepared the delicious meal, and in Toledo, the Hungarian Club served the excellent lunch. After each delicious luncheon, the afternoons were used for question and answer periods, which were both educational and instructive. Endre Csornán, Secretary FINANCIAL REPORT December 31,1996 The Hungarian Reformed Federation of America enjoys a healthy, strong and solvent financial position. We can meet all present and future obligations. The statistics for 1996 are: ASSETS Bonds $17,858,361 Mortgage loans on real estate 3,075,914 Real estate occupied by society 931,441 Certificate loans and liens 318,225 Cash on hand & on deposit 554,354 Investment income due & accrued 420,563 Premiums collected not yet remitted 8,628 Aggregate write-ins 36.449 for invested assets TOTAL ASSETS $23,203,935 LIABILITIES Aggregate reserve for life certificate $12,427,783 Aggregate reserve 53,684 for accident & health certif. Certificate-contract claims 111,000 Premiums received in advance 122,627 25
