Forward Bank’s Charitable Money Market Account reaches $1 million
For the Hub City Times
MARSHFIELD – 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 278 worthwhile organizations participating in the program, bringing the grand total to over $1,000,000 since the program launched.
“2019 has been a year of milestones – we celebrated our 100 year anniversary, reached $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.”
Thirty-three organizations received donations over $1,000 this year thanks to customers who designated them as their charity of choice.