Fraternity-Testvériség, 1970 (48. évfolyam, 1-12. szám)

1970-04-01 / 4-6. szám

A message to our members and our friends Offering the most for the least Who needs Life Insurance? Those of us who can read this little article. Those of us who love our families. Those of us who would love to see our children educated. Those of us who upon taking the mar­riage sacrament to honor, obey till death do us part. Those of us who promised our sweet­hearts that if they say yes, we will bring down the stars, the moon, pro­mise to take care of them until the end of time. Those of us who feel responsible for our beloved ones. Do not say that I don’t want someone to benefit on my money. Do not say, let the next guy take care of her. Do not say, let the NEXT guy take care of your SON or DAUGHTER — he may never be. Do not say, let the government take care. Do you wish them on welfare? How much insurance 1 should have. That is hard to calculate but our man­agers will help you to find out. Most people say I have enough at work... Do you? How much do you earn? How long does your $10,000.00 an­nual income last, under the present way of living. How long will the insurance last from work. Do you want your chil­dren in a compound while your wife is at work? These are some of the possi­bilities that could happen to your family if you don’t provide for them. Let us help you to solve your problem in case your heart dictates, that you were not well enough informed. We can even help you in the Hungarian language. You do not obligate yourself. Call us, or write to me, wherever you are. With kindest regards, fraternally yours, Frank P. Dance, District Manager 808 N. Maxwell St. Allentown, Pa. 18103 CALL OUR LOCAL REPRESENTATIVE! Find their names, addresses and tele­phone number on the last page of this magazine. THE CONTROLLER’S REPORT FOR 1969 (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 A) INCOME AND DISBURSEMENT BY FUNDS. INCOME 1T Cnnsohd^tpd Fluid ............................... U.S.A. ........$2,095,478.12 CANADA $ 49,990.95 2. Sick Benefit Fund ................................................ ........ 16,965.97 143.56 3. Hospitalization Fund ......................................... ........ 51,768.49 50.88 4. Over-remittances ..................................... ........ 10.228.68 1,555.19 5. Rethlen Home Contribution ................................. ........ 24,000.00 _.__ 6. Mortgage Payments ................._........................ ........ 739,436.40 18,667.92 7t Certificate Loan Payments ................................ ....... 85,149.26 __.__ 8. Retirement Fund ..........................................-....... ....... 17,071.94 ___ 9. State Income Tax Withheld .................................. ........ 1,149.57 __.__ 10- Ronds Sold ...-......-.................. ..._... 354,224.84 _1#_ 11 Pent. Tnpomp 50,828 58- __ 12. Trust Fund for Unpaid Claims ........................... ....... 42,896.34 __ _ 13. Mortgage Loan Placement Fees ...... 10,300.00 _ __ 14. Canadian Exchange................................................. ....... 2,020.88 1ft Increase áj Hecrease In Rook Value of Ronds 2,929.32 lß. Profit on Sale of Real Estate ............................... ........ 39,924.82 . __ 17, Profit on Ronds Sold 1,218.75 _ . Total ........$3,545,591.96 $ 70,408.50 Balance from 1968 .......................................... ....... 83,766.70 28,188.49 TOTAL INCOME ........................................... .......$3,629,358.66 $ 98,596.93 $ 11,734.87 6,667.39 DISBURSEMENTS 1. General Expenses ..................................................... ___$ 612,264.51 2. Consolidated Fund..............................-................... ........ 960,776.87 3. Sick Benefit Fund .............................. ............ ....... 13,835.82 420.00 4, Hospitalization Fund 30,660 25 5. Shortage of Branches ............................................ ....... 10 329.87 543.75 6. New Certificate Loans Remitted...........-............... ....... 116,987.94 1,094.00 7. Rethlen Home Dues Forwarded ...................... 24,000.00 8. Retirement Benefit Paid .......-......-......-................. 9,219.21 9. State Income Taxes forwarded ............................. 1,202.65 10. Improvement in Real Estate ................................. 78,321.55 11. Real Estate Expenses .... .................................. ....... 43,592.51 12. Investment Expenses ....... 40,945.25 13. Bonds Purchased .........................................._........... ....... 641,069.66 14. Accrued Interest ....................................................... 5,948.63 15. Trust Fund Paid ......... ....... 62,616.29 16. New Mortgage Loan ................................................. 17. Cash on Hand.............................._............................. ....... 898,488.27 765 41 35,000.00 18. Deposit in Canada.................................. 2,020.88 Total ........................................................................... .......$3,552,985.57 $ 55,460.01 $ 43,136.98 BALANCE FOR 1970 .............................................. .......$ 76,373.09 n. COLLECTION OF DUES We received a record number of monthly reports before the year-end closing of the books which favorably effected dues income. The vast majority of the branch managers performed outstanding services along the line of collection and settlement of various claims. Prepaid dues again far exceeded dues in arrears, another sign of efficient branch management. The combined U.S.A. and Canada figures are: 1968 1969 Dues Prepaid ___________________________ $95,790.60 $98,855.17 Dues in Arrears_________________________ 51,176.92 57,259.20 Dues assessments remained practically unchanged. If the quality and quantity 17

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