ZajednicÌŒar = Fraternalist. [volume] (Allegheny, Pa.) 1894-current, 1959-09-23
Supreme Presidents Report To Convention Delegates


1899 and joined the National Croaan Society in 1906 In
1910 he was founders of the independent society
"Croatan Brotherhood of the USA at Great Falls, Mon
tana where he held the office of Supreme Financial Sec
retay many years. and later that Of Supreme Secretary
and member the Supreme Board of Trustees The late
Brother Pancch leader of people in his section
of the country from his arrival and right to the day of
his death The "Croatan Brotherhood merged with the
Croatan Fratena Union just before the meeting of the
Ninth Convention.
On April Is, 1859 teegraphic message was received of
the death Elm Grove Wisconsin, near Milwaukee OF the
member of Lodge 261 delegate to
ventions and member of the Chldrens Home Board Of
the Croaan Fratena Union Brother Michael Sostarich
AS member of the Chldrens Home Board of the Gro
atian Fraterna Union, he extremely conscientious and
dgent in his work and during his tenure that capacity
earned enviabe reputation.
The Society's Membership and Assets
Official state reports show that the socetys mem
bershp January l. 1855 stood at 1O5781 and on De-
cember 3d. 1853 the period this report the total
membership 110,158.
though this four-year period showed loss
in the Senior Department of ATT members showed gain
membership the Junior Order of 1854 Deductng the
losses the adult membership still show increase
total membership to the end of last year of 4377
bers
When speak of losses in the adult department.,
we must take into consideration that made up all
losses by of DEATH expiration of cash
surrenders, suspensions and expulsions, etc.
In addition, incurred annual loss from yet B.
mother and that because of the fact that several
years back 2OYear Endowment certificates commenced to
mature In 1885, namely the Society started issuing
type of certificate and already in the first year of their
maturity paid out 389 certificates.
In the next two years paid still paying, SIT
matured certificates total of $685. If take these
turty payments into consideration, then the loss in the
adult department for the four years considerably less
than in The mast tUelv A
members whose endowment certificates matured elected
various options available to them and in that
conserved well oneha of the members with matured
certificates in the Societys ranks
From on, will have increasingly greater
number of these matured certificates each year. Despite
this and for the that have instituted several diff
ferent and attractive plans of insurance in the past four
years, for instance Single Premium, allowing for
ment of premiums in at considerable discount
and then the Family Pan and finally the Endowment at
Age 65 will in time, compensate for all losses in the
adult membership by satisfying all the insurance needs of
members thereby successfully combating the compe
ttion of commercial insurance companies.
The Society's total assets of January 1, 1855,
amounted to $23 $685. and the total assets the
last day of December of last year $27,887 4933O
This shows that have been maintaining the Societys
progress and growth at the same level had from
far back 1947, namely growth of million
dollars each year.
At the time of the Seventh Convention in 1947 the
/
The detailed reports of the remaining executive Off
GERS and especially that of the Supreme Secretary will
show the balances in the various funds the balances
checking and in investments The interest rate
bonds in the past few years increased considerably
continues thus in the future, and the Croatian
Fraerna Union will continue to grow in assets in the
past twelve years. expect few years hence real
ze annual from interest bonds of close
million dollars.
The entire business Of the Society," that is not only
it's membership statistics but the receipts and disburse-
ments we'll is examined regularly by the Supreme Board
of Trustees twice by certified public
and every three years by examiners
the Insurance Departments
The reports of these examinations and audts together
with any possible recommendations made for the better
ment of future operations published regularly
official organ and need not be repeated here The last
surance Departments examination done in 1857 on
the Socets condition at the end Of December 1856 The
Societs business of the past three to December 3d.
1859 will be officially examined by the State Insurance
Examiners in the spring Of 1880
Two Decisions Of The Ninth Convention
The Ninth Convention delegates adopted resolution
directing that the Coatan Fratenal Union establish
program for financial assistance needy and
worthy students.
The resolution made no provision where and how