GE Money and St. Mary Development Corporation
kick off partnership during Community Build Day
Dayton and Kettering Mayors Show Their Support
DAYTON, OHIO – July 19, 2007 – GE Money, St. Mary Development Corporation and the HomeOwnership Center of Greater Dayton participated in the sixth annual Financial Services Roundtable Community Build Day on July 24, 2007 at Twin Towers Place.
Fifty employees from GE Money’s Kettering office worked
on one of five apartments for low-income seniors
managed by St. Mary Development Corporation.
Activities included painting part of the apartment building,
landscaping, cleaning the units, as well as teaching
financial fitness classes for the building’s residents. GE Money staff also attended a class on Wealth Coach Training taught by the HomeOwnership Center of Greater Dayton, a division of St. Mary Development Corporation. This training is the start of a six-month commitment to work with area residents on individual savings plan.
GE Money also presented a check totaling $25,000 to St. Mary Development Corporation, a certified NeighborWorks® affiliate, and the HomeOwnership Center to help fund their work. St. Mary Development Corporation is the largest non-profit provider of high-quality, affordable housing to low-income seniors and working families in Southwest Ohio. The HomeOwnership Center provides a wide range of services, including homebuyer counseling, home maintenance education, financial fitness classes, links to loans, foreclosure prevention, credit counseling, and assistance to victims of predatory lending. Mayors Rhine McLin (Dayton) and Don Patterson (Kettering) will speak at the news conference.
“GE Money believes in the importance of giving back to the communities where we live and work,” said Glenn Marino, president and CEO, GE Money’s Sales Finance unit, headquartered in Kettering. “Through this event, and the many other GE Money-sponsored programs that take place across Dayton and Kettering throughout the year, our more than 1,600 local employees are committed towards improving our community and the lives of our neighbors.”
A total of 76 companies of The Financial Services Roundtable have committed to building a home in more than 175 cities across the United States, as well as participate in other activities aimed at bettering the communities which their companies serve. National partners for the 2007 Community Build Day, include Habitat for Humanity, NeighborWorks® America, Rebuilding Together, America’s Promise, USA Freedom Corps, and the Points of Light Foundation.
"Community Build Day demonstrates to the public how the financial services industry works 365 days a year to improve the communities which they serve," said Steve Bartlett, president and CEO of The Financial Services Roundtable. "The member companies of the Roundtable are competitors in the marketplace, but this day demonstrates our cooperation in the community."
“We’re very excited about our new partnership with GE Money, which will support our financial literacy efforts in the Dayton area,” said Beth Deutscher, Executive Director of the HomeOwnership Center of Greater Dayton. “Many people have limited knowledge about successful money management, which is evidenced by American families often spending more than they earn. We’re committed to educating people about key strategies for a sound financial future, and are pleased that GE Money recognizes the importance of the program.”
The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. Roundtable member companies provide fuel for America's economic engine, accounting directly for $65.8 trillion in managed assets, $1 trillion in revenue, and 2.4 million jobs.
