Community Matters
Annual Community Report 2014

Partnering With Schools

At Community Financial we believe that educating our youth on financial education determines the success of our future. We are proud to support every level of education across northern and southeast Michigan. From scholarships to financial education, we strive to engage students in local schools and teach them good money habits that will last throughout their lifetime.

Community Shares

Started in 1999 as a small donation to celebrate our account growth, the Community Shares program has turned into an annual donation that helps school districts fill gaps in their educational programs. In 2014, our annual Community Shares donation provided $25,500 to help fulfill teacher grant requests for special educational projects. We are pleased to be able to contribute in a meaningful way to our community school districts. 

Student-Run Credit Unions

Community Financial is proud to partner with Michigan schools districts to help operate student-run school credit unions and expose thousands of students to money management skills. Selected students learn the banking business as credit union tellers, branch managers, marketing representatives, computer operators and accountants. This program allows students to actively participate in our credit union, in the convenience of their own school. We now host programs in 42 area elementary, middle and high schools. The program gives students a strong comprehension of how to manage their finances. It also exposes them to interviewing prep and what it would be like to work at Community Financial. In 2014, we also added a new team member who will focus on expanding the Student-Run Credit Union program further in our Northern communities. 

Classroom Presentations

As an additional outlet to educate our youth, our Education Partnership Coordinators continued to teach Junior Achievement and provide classroom presentations about the importance of financial management. Our team members donated over 1,400 hours to local schools in 2014 and presented to over 20,000 students on topics ranging from the importance of saving, to managing your first checking account and establishing good credit.

Scholarship Program

Over the years of providing scholarships to students who embody the “People Helping People” philosophy we live by at Community Financial, we’ve found ourselves receiving more applications of significantly qualified candidates. In 2014, we awarded 15 students with $1,000 scholarships named in honor of past volunteer and Board Member Margaret Dunning and former General Manager George Lawton. Each year we collaborate with the Community Foundation of Plymouth (CFP) and the Ann Arbor Area Community Foundation (AAACF) to award these scholarships.

"I was a recipient of the Margaret Dunning scholarship. So far, things have been going very well. Academically, I have done very well in my classes. One of my favorite experiences, though, has to be the early assurance program for CMED."
- Mark Hansen, 2014 scholarship recipient