Fraternity-Testvériség, 1966 (44. évfolyam, 1-12. szám)

1966-06-01 / 6-7. szám

8

FRATERNITY

Our net dues income in the U. S. A. has increased by $16,636.00, as compared to $8,548.00 in 1964. This is the first year since 1962 in which we experienced a growing trend in the increase of net dues. The combined U. S. A. and Canada increase of $26,055.25 might point even to a more encouraging trend.

Canada is included in the 1965 figure.

$1,000.00 Insurance in Force During the Past Four Years

1962 1963 1964 1965

Assessment ..................................................$32.76 $32.60 $32.78 $32.08

Gross Dues ................................................ 33.01 32.42 31.81 31.77

The ever-growing number of non-dues paying certificates are primarily responsible for this downward tendency in the growth. Term

insurance with high face value and relatively low dues assessment is another important contributing factor.

During the year we have discovered a few irregularities in the branches oncerning dues collections, but we were always able to settle

these differences without causing any financial loss or moral damage

to the Federation. The overwhelming majority of our branch managers

have carried out their demanding and sometimes even frustrating duties in a highly commendable manner.

Experience shows that it is not always wise to assign managerial and organizational duties to the same person. This is especially true

in branches with a large membership. A very fine underwriter might

turn out to be a rather poor manager, and vice versa. I strongly

recommend the separation of these tasks in branches where bad collection results and poor service to the members call for such changes.

III. FLUCTUATION

SUMMARY

FOR 1965

LIFE

INSURANCE — U. S.A.

Certificates

Insurance

in Force

In Force Dec. 31, 1964 ....

Add: New Certificates .......

..... 1,713

... 37,224 .........

$3,610,600

$44,560,999

Reinstated ..................

61

118,500

66,577

Others ........................

1,774 .........

3,795,677

Total ...........................

... 38,998 .........

$48,356,676

Less: Deaths ........................

..... 412

$ 355,224

Matured ......................

..... 309

266,250

1,656,105

Lapsed ........................

..... 943

Surrendered ..............

..... 577

707,511

138,191

Others ........................

2,241 .........

3,123,281

In Force Dec. 31, 1965 ....

... 36,757 .........

$45,233,395

Net Changes During 1965

... —467 .........

+ 672,396