I ISRAEL
An offering circular on Form OC relating to these securities has been filed with the Office of Thrift
Supervision but has not yet become effective. These securities may not be sold nor may offers to
buy be accepted prior to the time the offering circular on From OC becomes effective. This an-
nouncement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall therre
be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any state.
June, 1991
Proposed New Issue — 650,000 shares
Soviet Jews Find
Socialism Not All Bad
FRANKLIN SAVINGS BANK
Series A Noncumulative
Convertible Preferred Stock.
Israel's housing shortage has prompted
some newly arrived Russians to check out
kibbutz life.
Price: $10.00/per share
Copies of the Prospectus may be obtained in any State or jurisdiction in which this announcement is circulated
from only the undersigned or other dealers or brokers as may lawfully offer these securities in such State or
jurisdication.
contact:
First of Michigan Corporation
26555 Evergreen Road
Southfield, MI 48076
358-3290
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44
FRIDAY, JUNE 21, 1991
Special to The Jewish News
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INA FRIEDMAN
srael's housing shortage
has brought together two
seemingly, odd bedfellows
— Soviet Jews who have fled
socialism and this nation's
socialist-oriented kibbutzim.
For a while, Israeli con-
ventional wisdom held that
the Soviets would shun
anything that even remotely
smacked of socialism. Yet
the newcomers' experience
on the kibbutzim seem to be
consistently positive.
Some 1,300 people have
passed through what has
been billed as the "First
Home in the Homeland"
program since its inception
two years ago, and as news
of its advantages spreads, it
is becoming increasingly
popular.
Today, some 50 Soviet
families have even decided
to settle permanently in
kibbutzim.
Perhaps one reason for the
program's success is the in-
itial formality of the rela-
tionship between the immi-
grants and the kibbutz. The
two sides sign a contract
whereby, in return for the
payment of some 70 percent
of their first six-months
government allowance ($520
a month for a family of four),
the immigrants receive
room, board, medical
coverage, and schooling for
their children.
They study Hebrew out-
side the kibbutz, and they
are not expected to work —
although if they choose to,
and work is available, they
can trade their hours in
return for a "rent" discount.
"In this sense the kibbutz
functions like an absorption
center," explained one
member of the northern
Negev settlement of Kibbutz
Hatzerim, which has hosted
14 families and a number of
singles over the past six
months.
Even though the kibbutz
movement has suffered a se-
vere loss of members in re-
cent years, "our aim is to do
our part for immigrant ab-
sorption, not to recruit new
members," he said, express-
ing an attitude that has
Ina Friedman is a reporter in
Jerusalem.
probably made it easier for
immigrants to opt for the
program.
None of the 48 people who
have stayed at Kibbutz
Hatzerim has expressed in-
terest in joining the kibbutz.
That may also be due to
their personal and profes-
sional particulars: at le ast
half of them are doctors (the
rest being other profes-
sionals), from their mid-30s
to their late-50s, and thus
hardly prime candidates for
kibbutz life.
Yet no one can fault the
reception they received or
the merits of starting their
new lives in such surroun-
dings.
" Hatzerim is absolutely
paradise," said Luba
Bendersky, a "40ish" neu-
rologist from Tashkent who
has been on the kibbutz for
six months and is still awed
by the beauty of this man-
made "oasis," with its palm,
pine, and eucalyptus trees
laced with purple bougain-
_
Some 1,300 Soviet
Jews have passed
through the "First
Home in the
Homeland"
program over the
past two years.
villea and gardens fronting
every apartment.
Luba and her husband,
Oleg, a university lecturer
in mathematics, knew close
to nothing about kibbutz life
and imagined it in rather
grim terms.
"It's practically a miracle
we came," she reflected.
"We didn't particularly
want to. But we had lost all
our luggage in transit (and
only recovered it three mon-
ths later). So we were in a
desperate state, and it seem-
ed the best solution."
Kibbutzniks immediately
supplied the Benderskys
with everything they need-
ed, from clothes to dishes for
their standard kitchenette
(though for the most part
they eat in the communal
dining room with everyone
else). And the reaching-out
did not stop there.
"These people have
treated our problems as if
they were their own," Mrs.