Press
Jeanne D’Arc Credit Union donates $7,500 to Community Teamwork Inc.
LOWELL, MA (October 9, 2014) — Mark S. Cochran, President and Chief Executive Officer of Jeanne D’Arc Credit Union, is pleased to announce that Jeanne D’Arc Credit Union has donated $7,500 to Community Teamwork, Inc. of Greater Lowell.
“We are pleased to help Community Teamwork continue its important work,” Mr. Cochran said. “Community Teamwork’s mission of strengthening communities and reducing poverty complements Jeanne D’Arc’s mission of helping people make smart financial choices, and we are thrilled to support them with their endeavors.”
Karen Frederick, executive director of Community Teamwork, Inc., said Community Teamwork has very little flexible money in its budget and the donation from Jeanne D’Arc Credit Union will assist in their efforts to get people connected to education, training, and jobs.
“This was a significant contribution that will help us to reach our goals,” Frederick said. “It was a great boost to receive this generous donation from Jeanne D’Arc and we truly appreciate it. This will help us to become a stronger and more sustainable organization”
The funds are being used to purchase tax credits, as approved by the state legislature in 2012, which will allow Community Teamwork, Inc. to expand its capacity, particularly with its community development corporation capabilities.
PHOTO (from left): Mark S. Cochran, President and Chief Executive Officer of Jeanne D’Arc Credit Union; Germaine Vigeant-Trudel, President of the Board of Directors of Community Teamwork, Inc.; and Karen Frederick, Executive Director of Community Teamwork, Inc.
About Jeanne D’Arc Credit Union:
Jeanne D’Arc Credit Union was established in 1912 and is a full-service, member-owned community-based financial cooperative with more than 65,000 members and $1 billion in assets. It operates seven full-service branches in Lowell, Dracut (2), Tyngsboro, Chelmsford, Methuen and Westford, Massachusetts; two high-school branches at Lowell High and Dracut High schools; a loan center in Lowell; and two mortgage centers in Chelmsford and North Reading.