Credit Union Streamlines Bookkeeping - Computer History...

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The mond anma1 mmthg of rfe FairMd Sepiicon$a~tor Fedeaal Credit Union was held in the caf&rita of the haah View plaat on the maixxh~ of Jammy 13. Md bd reporta km the bam& t.b~ trawmr, the credit: awm&tee and ~~pewEeorp comdtt~!, dl elmted a new bad mcl new &FB. iQutgoiag President Tony Rader re* ~~ &at 9he most impox~antand ~u0-W aspet ed &is b t MI year d ctpe~dbn bg61 po-~lHnh in m e ~ ~ p aria @OW& in frm l(bfi5,m to $XQiSQO. The! rnQ p&mt activity ha hen in a mice , ag ssidarncd by 793 low bf~~ a &oh1 bf @23,4*09. The pf@of tlif STXWSnsfi1 agM'd0Zl hi b in behg able to ddare a very cow petltjve 6% percent dirvidwld on savings. The coaa~gay htts unkmittw the treasurer% &q durkg 1961, a cops- sidaable factor' ih inakhg such a dividend p~ssUsL For this, and other active help and aotrwave aduhe, the bomd mbde a vote of grati~& to &e e~mpany." The credit c~snmiw, under b chair- laandip caf Tom Msore, reportd on the -1 and typrx~ of 1cma graitfed duirng dm yam The lgasrt s@ted, in part, that "the weak of the wedit co~~mh is ah- eolptely dfidenxial; the members am mco~lfaged to make uare of the comael. ing sedoe?' The tseasurar r e p d &at the CZT has #Z4?l,I%.W in t-1 aseta as of lhmmbm 41,1961. mm3 mm E d . - . Jud~ Machdk b* Gmrp Lao CadulRnlsts ancl Aepo~d~s-,, Mafp Wgsbg, Jh WriIkmm, %tntnie W1 - md M& MeDda~lsk Tho 6ic& Uniods nw Bod ot DOre- indude xtanQw, &&Wy, Jae hf~fhy, JwQ &WE ad eheea Abbot); sods$, Norma W$L, Judy DunSIJbrPgefi @ &amr, Sh& Tottdnrart and PoMe ?Mlpah oP +he &%adif Union #pa, f& k right: Jerry Gmx, r?cwmsIde~t; &ma WyISie, mer.tury; nmty eIec+rd dad CSlldcpn hosth~ BiII St* Roy Maee (Xi&) has lwm appoint& rnariRgcrc of R i d e Aaounting. Roy has heen with FaiwhiId Semieond~tdo~ for approximately twa pr~, and was fcttrmrlg an anI:cauntmt in dre Cost Set* tion at Mounxain Vbw. RoyI who re- ceived his BB..S, dem bm Golden Gate College, cwmtiy resib in Bus- lingarne* bat pha to move tr, Marin County in the near futum LA

Transcript of Credit Union Streamlines Bookkeeping - Computer History...

The mond anma1 mmthg of rfe FairMd Sepiicon$a~tor Fedeaal Credit Union was held in the caf&rita of the haah View plaat on the maixxh~ of Jammy 13. M d b d reporta km the bam& t.b~ trawmr, the credit: awm&tee and ~~pewEeorp comdtt~!, dl elmted a new b a d mcl new &FB.

iQutgoiag President Tony Rader re* ~~ &at 9he most impox~ant and ~u0-W aspet ed &is b t MI year d ctpe~dbn bg61 po-~lHnh in m e ~ ~ p aria @OW& in frm l(bfi5,m to $XQiSQO. The! rnQ p&mt activity ha hen in a m i c e

, ag ssidarncd by 793 low bf~~ a &oh1 bf @23,4*09. The

pf@of tlif STXWSnsfi1 agM'd0Zl hi b in behg able to ddare a very cow petltjve 6% percent dirvidwld on savings. The coaa~gay htts unkmit tw the treasurer% &q durkg 1961, a cops-

sidaable factor' ih inakhg such a dividend p~ssUsL For this, and other active help and aot rwave aduhe, the bomd m b d e a vote of g ra t i~& to &e e~mpany."

The credit c~snmiw, under b chair- laandip caf Tom Msore, reportd on the -1 and typrx~ of 1cma graitfed duirng dm y a m The lgasrt s@ted, in part, that "the weak of the wedit c o ~ ~ m h is ah- eolptely dfidenxial; the members am mco~lfaged to make uare of the comael. ing sedoe?'

The tseasurar r e p d &at the CZT has #Z4?l,I%.W in t-1 aseta as of lhmmbm 41,1961.

mm3 m m E d . - . J u d ~ Machdk

b* Gmrp Lao CadulRnlsts ancl Aepo~d~s-,, M a f p Wgsbg, Jh WriIkmm, %tntnie W1- md M& MeDda~lsk

Tho 6ic& Uniods n w B o d ot DOre- indude xtanQw, &&Wy, Jae hf~fhy, JwQ &WE a d eheea Abbot); sods$, Norma W$L, Judy DunSIJbrPgefi @ &amr, Sh& Tottdnrart and PoMe ?Mlpah

oP +he &%adif Union #pa, f& k right: Jerry Gmx, r?cwmsIde~t; &ma WyISie, mer.tury; nmty eIec+rd d a d CSlldcpn h o s t h ~ BiII St*

Roy Maee (X i&) has lwm appoint& rnariRgcrc of Ride Aaounting. Roy has heen with FaiwhiId Semieond~tdo~ for approximately twa p r ~ , and was fcttrmrlg an anI:cauntmt in dre Cost Set* tion at Mounxain Vbw. RoyI who re- ceived his BB..S, dem b m Golden Gate College, cwmtiy r e s i b in Bus- lingarne* bat p h a to move tr, Marin County in the near futum LA

Credit Union Streamlines Bookkeeping

BY JERRY GROUX With the installation of a new accounting machine, Credit

Union bookkeeping has taken on a new look. Statements will no longer be handwritten as in the past, but will be printed on the new machine.

With the new system every transaction will be itemized and statements will be up to date within two weeks of their issuance. Statements are issued every three months.

To serve members more fully, LeNola Williams has been employed as a full-time bookkeeping assistant. This will allow the credit committee and Secretary Niki Cramer more time to counsel members who need help with financial problems.

All Fairchild employees are eligible for membership in the Credit Union. Applications and information may be obtained at the Credit Union office, located near the cafeteria, or from any member of the Board of Directors.

The office is open from 11 a.m. to noon and 1 to 3 p.m. Mondays and Tuesdays; 11 a.m. to noon and 3 to 5 p.m. Thursdays and Fridays. The office is closed all day Wednesday.

Members of the Board of Directors are Bill Stansbury and Jerry Groux, Industrial Engineering; Joe McCoy, Manufac- turing; Gheen Abbott, Materials; Norma Wyllie, Industrial Re- lations; Judy Dunkelberger and Dottie Philpott, Micrologic; Niki Cramer, Credit Union; Sheila Tondreau, Applications.

G R O W I N G F A S T

GROWING FAST! Like a boy outgrowing his new shoes before the

newness is gone-that's Fairchild Semiconductor. The completion of the

new 40,000-square-foot addition to the Whisman Road plant in Moun-

tain View marks a major step in the company's expansion. Phdo at left

shows the plant as it looks with the new addition completed. The diagram

below shows the layout of the plant and location of various departments.

Heavily shaded portion marks new addition. Clip and keep it as a handy

"road map" guide. The diagram was prepared by Plant Engineering.

PARKING LOT ,. +--- .pa.--- - PARKING LOT

SiClN R i $ F m w h d a 8 f id Nu* - Mld In en aatfedfk d & 3 M bit& 1-81 mat W e M* W B F D ~ ~ ~ , Jalmwuy f4. r a s W p ta b W@ TB Nm~k r fkr&hih.* .~ inpd&W k* kd at FpIr&M aim I d kqw. Pr&ai~sb dl, had

done pmtaWo n A S m a M * H w H I ~ k . k . m h * b y $ w fi$ g. LI*, h h i d S ~ O H Y)MO hdd In a y ~ m i h Womtngi Ja~a*y fa

Spencer. Hill Head Credit Union MOUNTAIN V~W-Tom Spencer, NPN Classification Fore-

man, has been elected President of the Fairchild Employees' Federal Credit Union for the coming two years.

Jim Hill, General Foreman NPN, is new Chairman of the Credit Committee.

Tom was elected by other members of the Board of Diiec-

It 1 1

tors following election of that group at the Credit Union's annual meeting January 26.

Jim was elected by members of the Credit Committee, also elected at the annual meeting.

Other members of the Board include Judy Dunkelberger, Production, Vice President; Norma Wylie, Industrial Rela- tions, Secretary; Niki Cramer, Treasurer; Gordon Duff, Chem Mix; Joe Veceey, Tool Design; and Gheen Abbott, Materials. The Board was elected for a two-year term.

Also elected at the meeting were Credit Committee mem- bers Bobbie Benedict, Purchasing, Secretary; Dave Diffen- derfer, Production; Marge Killian, Production; Sue Rath- bun, Quality Assurance; Bill Reifschneider, Production Control; and Marge Fisher, RUE. All will serve for one vcI)r.

11 THE CREDIT UNION REPORTS: I I 983 loans totalling $662,911 were granted to employees in 11 1962. I I 1,463 employees are now members of the Credit Union.

Loam granted employees in its two-year history total crlmost $1 ,ooo,000.. Total sharer a t the end of 1962 were $283,323.88, better than twice the total a t the end o f 1961 when shares totalled $135,- )I 278.58.

J --- The Board of Directors hae appointed Conrad Herman, Ac-

counting; Marshall Smith, Accounting; and Bob Pratt, Pro- duction, as members of the Supervisory Committee for the coming year.

In other business at the meeting the Credit Union declared a 5% per cent dividend for 1962; released a comprehensive report of 1962 operations; announced that dividends will be paid semi-annually in 1963; and discussed policies, opera- tions and ~roblems.

Interast on Credit Union loans amounted t o $29.618 in 1962. l Pro@ in 1962 were $17,359.73, slightly more than

6.1 per cent of tow1 deposits. Almost 60 per cent of all Fairchild Semiconductor employees are members. l The Credi+ Committee last year saved approximately $800

In credit bureau expenses by handling its own credit investi- gations. 40 loans were made in '62 for purchase of homes.

68 loam were granted for the purchase of furnitwe and b~wehold appliances. 43 loem went for home improvements and maintenance. 103 loans helped employees pay medical, dental and funeral expenses. Lwgest nmber of loans, 211, mas made for the pur- c h e of automobiles. Any member may borrow mono from the Credit Union. Loen applicationr may be submitto% a t the Credit Union office, M o u t M n View: t o any member o f the Board of Directors or the Credit Committee; or t o the Credit Union repmentative a t your plant. All employees of Fairchild Semiconductor may become mem- bers o f the Credit Union. Application for membirship may be made through any of the channels listed above. If yoa deposit $1 2 5 per week (the minimum accept- able deposw in she Credit Union for one year, yow

'total savings, including a dividend at the current rate of per cent, will be $66.75. MOUNTAIN VIEW-Members discuss Credit union policies at annual 11 meetin. Januaw 26 in the Cafe+nia. Letiring Prnident of the Board

1' I1 of ~ i r e c t o n ill-Stansbury presides.

AT PAIRCHILD hi.. Mr. 12

Softball. MV vr. SR. McKdvey Park, MV. 8 pm.

Tburr. Apr. 18 Awards Banquet, Peninsula Plants' Bowling League. Chez Yvonne, MV. 7 pm.

Sun., Apr. 21 - SR Golf Tournament, Indian Valley Golf Course. Tee-off time 10:07 am.

hi.. Apr. 26 Softball. MV vr. SR at SR. 8 pm.

Sun., Apr. 28 Reninsula Plants' Golf Tournament. Fairway Glen Golf Course, Agnew.

T h m , 4p~. 16 - SBJ* d Hasties Engineers rympw1rmnt~ on plrrtrcc fat eslDttonies. ~ u r e . N.Y.

IN THE INDUSTRY Sun.. Apr. 14 - Thurs., Apr. 18

Electrochamical Society national meetina. Pittsburgh, Penna.

Mon., Apr. 15 - Thurs., Apr. 18 Symposium on thin films for electronic ap- plications. Pittsburgh, Penna.

Tues.. Apr. 16 Thurs.. Apr. 18 Symposium on Optical Masers. N.Y.C.

Wed.. Apr. 17 Fri., Apr. 19 Nonlinear Magnetics Symposium. Washing- ton, D.C.

IMM, t q r h - WI.~,*&* zs w annualsympoliuo ~ e b d ~ en- glne~fngr $an DEW * I

Y

Mon., Apr. 22 - Thurz., Apr. M

MUU~IAIN VIEW-The newly e l m o m w e a ~ t Union Credit Committee meets for its first business session. Clockwise from left are Treasurer Nib Cramer, Dave Diffenderfer, Bobbie Banedict, Margo Killian, Olga Henriquez and Margo Fisher. The commi+tee has the vital job of passing or disapproving loan applications made to fKe Credit Union.

FARINA REPORTS ON EUROPEAN MARKET

Don Farina, Member of the Technical Staff at Research and Development, recently returned from a month in Eu- rope where he conferred with Societa Generale Semicon- duttori on Micrologic and with prospective users of Miao- logic in Europe.

Farina's itinerary took him to Sweden, Germany, Eng- land, France, Switzerland and Italy. En route he visited more than 2 0 European electronics firms.

Don was highly impressed with the technical competence and interest in integrated circuits he observed throughout the continent. The following is a report he wrote for LEADWIRE dealing with his observations of the component market in Europe.

"I found the technical competence to be very high every- where. The engineers certainly have been reading Amer- ican literature and are right up-to-date on integrated cir- cuits. The questions asked about Micrologic were not the typical survey type, but were direct and pointed to specific applications.

"Europe is experiencing an electronic 'revolution', par- ticularly in the relatively new computer field. Until re- cently, U. S. computer equipment dominated the Euro- pean market, but Olivettl, Farranti, and other manufac- turers are getting into this business. In a recent issue of DATAMATION it was forecast by Auerbach Research that the computer market in Europe will increase 5095% per year. It is already $100 million in West Germany alone. The market is expected to 'ex ience as much as 5-10 fold in- crease over the next d e c a g

"With the Common Market beginning to show its vir- tues, and with more and more em hasis among European countries to compete in this mar e et (or at least be self- sufficient in electronics), there is a great move toward building their own computers and hence buying less from the U. S. However, to accomplish this quickly European computer manufacturers must buy more components from abroad since it is in this field that Europe is weakest.

"Since most computer groups in Europe are new they do not have in-house 'off the shelf' logic circuit modules at their disposal. Hence, rather than waste time going from germanium to silicon transistor circuit design they are very carefully examining the integrated circuit as a means to jump competition and roll out computers in a hurry.

"Although a very conservative people historically, Euro- peans see this economic and industrial revolution clearly and they all want to be first. Evidence the fact that Micro- logic is already designed into working equipment at SAAB and General Telephone Co., in Sweden, Crouzet in France, and Telettra in Italy."

KNOW YOUR CREDIT UNION REPRESENTATIVE

San Rafael-Jacquie Lang, Accounting. Ext. 2 14. R8cD-Connie Sanchez, Personnel. Ext. 302. Instrumentation-Jo Mullins. Ext. 71 I. Materials-Gheen Abbott. Ext. 527 Mountain View, Sales Offices and other locations-Niki Cramer, Credit Union Treasurer. Ext. 331.

These persons are o5cial representatives of the Fairchild Federal Employees' Credit Union. They will be happy to answer your questions and provide you with information on the operation of your credit union.

PERSONALITIES

TRAINING COURSE AT PORTLAND SOUTH PORTLAND-Product Engineer Dave Symons is

teaching a course here in basic electrical and transistor theory and the use of curve tracers.

The class meets Tuesdays and Thursdays H :45 to 1 o: 30 in the plant conference room.

FLINT ELECTED TO PAL0 ALTO CITY COUNCIL PALO ALTO-Philip S. Flint, a member of the Solid State

Physics Section of the R&D lab, was elected to the Palo Alto City Council on May 14,1963. Councilman elect Flint pulled 5,436 votes, rating fifth out of the 14 candidates. He will be installed at ceremonies on July eighth.

LEWIS PRESENTS PAPER MOUNTAIN VIEW-Art Lewis, Research and Development,

presented a paper on "Polar Screen Theory for Defloccu- lation of Suspensions" at a meeting of the American Ce- ramic Society in Pittsburgh April go.

HULME PUBLISHES ARTICLE MOUNTAIN VIEW -John Hulme, Applications, is the

author of a story on "Integrated Circuit Design Tech- niques" which appeared in the April issue of Electronic Industries.

MARlN HAMS HEAR FAIRCHILD SPEAKERS SAN RAFAEL-TWO Fairchild engineers from Mountain

View, Tom Mills and Bill Hamlin, were speakers at a recent meeting of the Tamalpais Amateur Radio Club in Marin County.

Both Mills and Hamlin are hams themselves. Mills op- erates station KGLHE and Hamlin WAGSYE.

At the meeting Hamlin spoke on applications of Fair: child transistors in amateur radio. Mills' subject was tran- sistor characteristics.

Also participating in the program were San Rafael's Ray Brown, who spoke on diodes, and Paul Kent, who intro- duced the speakers.

The meeting took place April 19 in Novato.

TWO FAIRCHILD PAPERS AT ELECTROCHEM MEET PI~BURGH-Two Fairchild Research and Development

men presented technical papers at the national meeting of the Electrochemical Society here April 14-18.

John Lawrence presented a paper entitled "Silicon Epi- taxial 11 I Surface Defects," which he co-authored wlth Phil Flint and Ross Tucker.

Ed Duffek, Ed Benjarnini and Chuck Mylroie were co- authors of a paper entitled "Electrode Reactions and Mechanism of Silicon Anodization in N-Methylaceta- mide," presented by Duffek.

EIGHT TAKE SANTA CLARA GRAD COURSES SANTA C L A R A - E ~ ~ ~ ~ Fairchild employees are enrolled in

the early bird graduate engineering program at University of Santa Clara this spring.

They are John Barrett, Cristos Chrones, Art Duell, Eu- gene Ericson, Joe Friedrich, Harold Grutchfield, Ram Gupta and Howard Zinshlag.

FROM THE EDITOR FCI ANNOUNCES FIGURES FOR THIRD QUARTER SALES

A hearty round of congratulations all around is in order now that the United Fund is past. Not all the figures are avail- able yet from Maine, but United Funds in the San Francisco area did well at Fairchild.

Peninsula plant employees donated a whopping $13,350 to the drive, a slight dip from last year, but an impressive figure nevertheless. Diode is this year's area donating champion. With only about 600 employees, the Marin plant tossed $5,000 in the kitty, an increase of about 13 per cent over last year. The company, as usual, will match both figures.

Now employees are being asked to give again, this time blood, instead of money. Peninsula and Marin plants are holding their periodic blood drives to bolster the company blood bank. Don't shy away from this one. You won't really be giving the blood away, just lending it. If you (or any member of your family) ever needs it, it will be there for your use, any type, FREE. It's sound insurance, Give Blood.

Speaking of blood drives, one of Fair- child's biggest boosters of same has to be Diode Purchasing Agent John Nash, ac- cording to this "hair-raising" tale relayed to us by reporter Paul "Front Page" Kent.

A year ago, John had open heart sur- gery which required 14 pints of blood from the Fairchild Blood Bank. That the operation was a success and that John is healthy today is incidental. But get this. The operation and the new blood im- proved the circulation to John's head, and he is now sprouting new locks on his familiar bald top . . . well, that's what Patcl told us.

NEGOTIATORS SET MEETING FOR 'FUN FLITE' DATA

MOUNTAIN VIEW-A representative of Trans World Airlines will be present Tuesday (Dec. 3) from 11 :45 a.m. to 1 : 15 p.m. in the large conference room of the Transistor plant to answer questions regarding the 1964 World's Fair "Fun Flite."

Persons who have questions regarding any phase of the trip are urged to attend. Those who cannot attend may call Shirlee Munn ( ext. 2872 ) or Bill Hertzog ( 267 1 ) before the meeting to have their questions answered.

One-third of the plane is filled, accord- ing to negotiators Shirlee and Bill, so employees are urged to make reservations early. A $25 deposit is required.

The Bight, to New York City, is sched- uled to depart July 24, 1964, and return August 9. Round trip fare is $180 with children under two free.

INSTRUMENTATION Chief Engineer Noel Montagnon explains operation of the plant to San Jose City Col- lege honor students who toured the Palo Alto facility recently. The college group was led by instructor An- drew McFarland.

GROUP TOURS INSTRUMENTATION

PALO ALTO - Fifteen honor students from San Jose City College were guests of Instrumentation November 8 for a tour of the plant and a talk on the history and op- erations of Fairchild Semiconductor.

The students, members of the Associated Engineers and Scientists Club of the col- lege, and their advisor Andrew McFarland were shown through the plant by Chief Engineer Noel Montagnon, and Engineer Jack Irwin.

The students' visit was arranged with Plant Manager Charles Askanas by Grace Madrazo of the model shop, whose hus- band Manuel, a drafting major, was one of - the students.

BOARD SEEKS CU MANAGER

MOUNTAIN VIEW-Because of the rapid growth of the Credit Union, and the recent departure of its treasurer, the Board of Di- rectors has announced it is seeking a full- time manager for the CU.

~reasurei Niki Cramer resigned because of a serious illness in her family. Her resig- nation was accepted with regret by the Di- rectors, according to member Joe Vecsey, who noted ;hat, "Her friendly, helpful manner of doing business will not be easily replaced."

Nominations are open for CU officers. Services are voluntary. Interested persons may contact Judy Dunkelberger, Gheen Abbott, or Bill Stansbury.

Members are also adhsed by the Board to avoid the Christmas rush by having their loan applications or share withdraw- als in the Credit Union office before De- cember 10.

Credit Union office hours are 9 a.m. to 4: 30 p.m. daily. Plant representatives are Connie Sanchez (R&D) , Jo Mullin (In- strumentation), Jack Hires (Transducer), and Jacque Lang (Diode).

SYOSSET, L.I., NEW YORK - Operating results for the third quarter and for the nine months period ending September 30, 1963 were announced recently by John Carter, Chairman of the Board of Fair- child Camera and Instrument Corpora- tion. Per share earnings are based on the 2,535,583 shares outstanding on Septem- ber 30, 1963.

THIRD QUARTER 1963 1962 Sales .................... $28,599,000 $24,142,000 Profit from

Operations ...... 1,052,000 914,000 wr share ...... .41 .36

Tax Credit .......... 178,000 478,000 per share ...... .07 .I9

Total Earnings .... 1,230,000 1,392,000 per share ...... .4 8 .55

NINE MONTHS Sales .................... $85,384,000 673;628,000 Profit from

Operations ...... 1,347,000 3,308,000 pet share ...... .53 1.30

Tax Credit .......... 534,000 928,000 per share ...... .2 1 .37

Total Earnings .... 1,881,000 4,236,000 per share ...... .74 1.67

Commenting on third quarter results, Mr. Carter pointed out that sales were up 18.5 percent over third quarter in 1962 and operating profits increased 15.1 per- cent over the same period a year ago. Total earnings for the quarter decreased, he said, because in 1962 the Company utilized $478,000, or 99.19 per share, of Du Mont tax credit, while only $178,000, or $07 per share, was utilized in third quarter 1963.

Mr. Carter added that while there con- tinued to be a lag in defense procurement during third quarter, he foresaw a sig- nificant increase in backlog, due mainly to new Space and Defense System Divi- sion bookings, during fourth quarter.

New orders booked amounted to $85,- 278,000, for the nine months, as com- pared with $81,298,000, for the same period in 1962, an increase of 4.9 percent.

Backlog as of September 30, 1963 was $40,337,000 versus $37,027,000 on the same date in 1962, an 8.9 percent increase.

Overall company-sponsored research and development has been running at the rate of 44 percent above that of 1962, result- ing in nine-month expenditures of $7,- 293,000 versus $5,060,000 for the same period in 1962.

Mr. Carter said that he felt that third quarter operating results were indicative of the fact that the Company has resumed its growth pattern after the heavy first- half expenditures which adversely affected earnings during the first six months, and that the outlook for fourth quarter was for continuing increases in sales and profit- ability, probably resulting in the best quarter in the Company's 44-year history.