Community Federal Launches Savings Program to Benefit Area Schools  

Plymouth, MI (Aug. 12, 2002) Community Federal Credit Union is launching its annual Community Shares program to benefit educational programs in Michigan. The Community Shares program provides donations that are tied to growth in savings deposits.

This year’s campaign, to begin in mid-August, will include new certificates of deposit opened through September 2002. Credit Union CEO Roger Ballard says, "This program offers an excellent opportunity to demonstrate our solid commitment to the schools and communities in which our members live and work." Since Community Shares was introduced in 2000, Community Federal has donated a total of $10,000 to educational programs including the Plymouth-Canton Educational Excellence Foundation, Northville Education Foundation, Gaylord High School’s Technology Fund, mentoring programs in Atlanta and Hillman, and the Johannesburg-Lewiston Community Schools. Check presentations will be made in October to the various educational programs. Sue O’Connor, Community Shares coordinator, explains that the schools select the educational programs to receive the funds. "However, we always promote financial literacy."

Community Federal currently has more than 34,000 members and total assets of approximately $270 million. Membership with Community Federal is open to anyone who lives or works in Plymouth, Canton, Northville, Novi, and the northern Michigan counties of Otsego and Montmorency. For more information about the Community Shares program, visit the Credit Union web site at or call (734) 453-1200 or (877) 937-2328, toll free.

# # # Media Contact:

Susan O’Connor
Community Federal Credit Union

Margaret Knes
Margaux & Associates, LLC


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