Cumberland Federal Lender is to begin with chartered when you look at the 1934 because Cumberland Government Discounts and you can Mortgage Organization
Record
The straightforward and you can honorable intent behind the newest deals and you may financing is to expend fair yields into coupons expenditures in order to bring money to possess lenders.
While in the the background, the fresh new traditions out of Cumberland Government Financial could have been characterized by our very own exceptional need to improve the people and its particular residents. Which said attention is reflected regarding bank’s slogan, “Family unit members Helping Friends,” that’s backed by the promise in order to “provide continually enhanced financial features with strong support for our hometown.” This service was confirmed from the tall area volunteerism by Bank’s board and employees by a corporate package that, for many years, keeps desired so you can donate 5% off net income so you can local charitable inquiries.
You will need to note that during this federally chartered, common bank’s 80-year record, its Panel of Administrators continually has been including very known people leaders.
An interest in this new interests on the neighborhood contributed the lending company so you’re able to the unselfish expectation out of a vitally essential obligation, the brand new organization of Cumberland Government Basis. During the 2006, Cumberland Government Lender launched the fresh organization off Cumberland Federal Basis having an excellent $five hundred, endowment who render delivery so you’re able to “a long-lasting legacy from charity benefits.” New purpose of Cumberland Government Foundation is to try to originate and you may/or support strategies away from major and long-lasting advantage to the latest Cumberland people. Read more “Cumberland Federal Lender is to begin with chartered when you look at the 1934 because Cumberland Government Discounts and you can Mortgage Organization”
