Corporate Citizenship

Good Corporate Citizenship – a Top Priority and a Value our Employees Share

As a community bank, Milford Federal believes that giving back to the neighborhoods and communities in which we do business is of utmost importance. We support not only broad-based and global charities such as United Way and March of Dimes by holding bank-wide fundraising drives – we also support many locally-based programs such as youth and senior centers and food pantries. Each year we award college scholarships to high school seniors from numerous area schools and Milford Federal is an active member in three area chambers of commerce. In addition, we’re on the Honor Roll of institutions participating in the American Bankers Association’s Teach Children to Save program, where we speak to local elementary school classes to help kids understand the importance of saving and how it can positively impact their lives.

We’re proud to say our employees exhibit a strong commitment to charitable giving and community outreach as well, through youth sports coaching, serving as Directors on various boards, choreographing and directing children’s plays; Lion’s Club, women’s clubs and Rotary memberships – Milford Federal employees are out in our communities, getting involved and helping others.

We believe in the importance of being a good corporate citizen and are committed to continually seeking out new ways in which to demonstrate that responsibility, throughout the communities we serve.

No act of kindness, no matter how small, is ever wasted.” – Aesop

Milford Federal awards scholarships to local high school students

Milford Federal has awarded $10,000 in scholarships to local high school graduates to assist in furthering their education. “We are proud to continue to support students in pursuit of their educational goals”, said Cynthia A. Casey, President and CEO. “These students will go on to become our future business leaders.” Each student was selected by their school’s scholarship committee based on need, academic standing, and involvement in school and outside activities.

The following graduating high school seniors from Milford and surrounding areas were each awarded a $1,000 scholarship: Blackstone Valley Regional Vocational Technical High School: Jessica Castle, attending Anna Maria College; Douglas High School: Kristina King, attending Boston College; Hopedale High School: Trevor Wilson, attending University of Massachusetts Amherst; Milford High School: Maia Paterno, attending Belmont University; Mount Saint Charles Academy: Gregory Mumma, attending Bryant University; Carly Thibodeau of Nipmuc Regional High School; Northbridge High School: Patrick Sweeney, attending Worcester State University; Uxbridge High School: Madison Clement, attending Keene State College; Whitinsville Christian School: Luc Booz, attending Rochester Institute of Technology and Lilia Merbouche of Woonsocket High School.

Milford Federal Hosts End of Year Sundae Party for Leo Savoie Elementary School Bankers

Sponsored by Milford Federal Savings and Loan and run by PTO volunteers, the national school banking program has been offered at Leo A. Savoie Elementary for the past nine years. Each Tuesday throughout the school year, bankers head to the technology room where parent volunteers receive and record their weekly deposit, which later in the day is dropped off at Milford Federal’s Woonsocket branch and credited to the students’ individual accounts.

“The year-end ice cream sundae party has become an annual tradition,” said Branch Manager Diane Fregeau. “The kids all look forward to it – and it’s our way of rewarding them for a successful year of saving.”  If you know an area school that may be interested in participating in the banking program, please contact Diane Fregeau at 401.765.2900.


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