ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1957-04-10


of America for the year 1856.
First, though, 1 wish to extend a welcome in the
of the Executive Officers, Officials and Employees
in the Supreme Office well in the of the
entire membership, with the wish that work during
this regular semannual session be FRUITFUL and the
dtiOns for achieving that in the past, har
mony and unity in all endeavors to the end that the
Croatian Fraterna Union may grow and prosper in all
it's branches for the good of the entire membership and
to the honor of the Croatan and people here and
the old homeland.
The various departments within the Supreme Office
will submit you their respective reports the work and
growth of the Society in the last six months of the past
to enable you in addition to review of standing
for the past months to obtain synopsis of opera
tions during the entire year.
Regular Examination by State Examiners
l that you have noticed the presence in the
Supreme Office of representatives of the Insurance Depart
of the Commonwealth of Pennsylvania, who per-
forming the regular triennia examination of the Society,"
covering the years 1854, 1866 and 1856.
Our Board of Trustees has been with us in the Su
preme Office this past week. Under bylaws the Board
of Trustees must examine the books and records well
all operations the Society the last months
of the past year.
The State Examiners must examine not only the
books and records in the Supreme Office and the work
of the Executive Board, just you do but in addition
they also examine the work of the Board of Trustees
and the work of the Convention if held since
the last state examination
Immediately upon their arrival in the Supreme Office
two weeks ago. first thing the Examiners asked for
General Ledger to verify and reconcile the figures
showing financial condition books with those
shown at the end of the reports to the Insurance
of the states and provinces of Canada in which
we licensed
After that they asked for the Minutes all meetings
of the Supreme Board Board of Trustees Executive Board
and Finance Committee, we'll the Minutes of the last
Convention These Minutes they examine carefully so as
if all of decisions in accordance with
our bylaws and accordance with the laws of the Com
monweah of Pennsylvania, where chartered and
domced.
You have had the opportunity to observe how care
fully the State Examiners check the assets of the Gro
attain Fraterna Union represented by securities deposit
ted i'm the safe deposit vaults of local bank You
tained together with them, that there is close to ten
million invested in American and Canadian federal state
and municipal bonds and the remaining close to four
teen million other industrial first-cass bonds Funds
invested in securities the sures guarantee that all
the obligations of the Croatan Fraternal Union will be
paid and met on time.
The Finance Committee strictly adheres to the prov
sons of our bylaws keeping uppeost in mind the fact
that in making Investments the safety of the investment
is of prime Importance followed by consideration of in
terest profit.
We conduct our operations on the $50 income scale,
SO under any compulsion to invest our funds
hginerest securities and thereby possibly eopardize
the safety of our investment.
The Membership Standing and our Campaigns
At the end of the year. total membership in both
departments 1O8O37 Of that number 79O8 members
are the Senior Order and 3629 in the Junior Order In
1856 membership increased by 1887 members, 387 in
the Senior Order, and 1,5O0 in the Junior Order
Our losses in membership in the past year were nor
NAL greater ess than of the past several
In the Senior Order there 961 losses by DEATH and
81 the Junior Order Transfers from the Junior Order to
the adult membership totaed 1876 In the Senior Order,
7OO members accepted but in addition to losses
by DEATH there considerable number of suspensions
expusons of members whose exhausted
and of those who requested cash surrenders.
Our membership gains in the Junior Order were
greater than in the Senior Order which has been the
for several years the past Despite the fact that
large number of members transferred from the Junior
into the adult membership ranks, and consider
able number of members suspended and expelled
for of Dues especially those holding Term
certificates still the Junior Order membership increased
1900 in the past year.
This significant increase in total membership for the
past be credited to the great interest
members in the 1856 membership campaign because of the
attractive nature Of the main prize which trip to
Yugosavia believe worthy of mention and to remember
that the last time such significant increase in
bershp recorded the 1916 membership