Forward Bank’s Charitable Money Market Account Reaches Over $1 Million in Donations January 17, 2020
Local charities are a key component in keeping our communities strong. They fill unique and important niches in helping us all with the educational, spiritual, cultural, social and health aspects of our lives. To provide a consistent donation stream for our local charities on behalf of our customers, Forward Bank created the Charitable Money Market Account (CMMA). This month over $160,000 was donated back to over 278 worthwhile organizations participating in the program, bringing the grand total to over $1 million since the program launched.
“2019 has been a year of milestones – we celebrated our 100 year anniversary, grew to $500 million in assets and now we’ve reached over $1 million in donations through the Charitable Money Market Account program,” said Bill Sennholz, CEO/President at Forward Bank. “The donations from the CMMAs continue to grow each year because of the thoughtfulness of our customers and the relationships we’ve built in our communities.”
To open and maintain a CMMA, all the customer needs to do is open the account, designate a participating non-profit organization, school, or church, and keep a balance in their account throughout the year. At the end of the calendar year, Forward Bank will make a donation to the designated charity on behalf of the customer based on their average account balance. 33 organizations received donations over $1,000 this year thanks to customers who designated them as their charity of choice!
Open a CMMA today to start saving for YOURSELF and your favorite CHARITY!
GET – Checking Account with these features:
- No minimum deposit to open
- No monthly fee
- No minimum to earn interest
- Free online banking
- Fee debit/ATM card
- Free direct deposit
- Free bill pay
SAVE – Earn interest at a competitive rate similar to a savings account with the convenience of a checking account.
GIVE – Forward will make a donation to a charity on your behalf based on your average balance – no money is taken from your account.
Or log into your Online Banking account to get started.