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.

$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 Andrea Hazard, Office Manager at Forward Bank in Stanley. “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.”

33 organizations received donations over $1,000 this year thanks to customers who designated them as their charity of choice! Help your favorite organization receive more by opening your own Charitable Money Market Account.

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, the bank will make a donation on behalf of the customer to that organization based on the customer’s average balance. A CMMA can be opened at any Forward Bank location or online.

Forward Bank is a customer-owned, independent community bank that operates to benefit its depositors while offering no fee deposit options, lower lending fees and rates. Forward Bank currently has offices in Colby, Greenwood, Marshfield, Medford, Park Falls, Phillips, Stanley, Thorp, Withee. For more information, please visit www.forward.bank.