The Cida Capital Bank Difference began in 1950 when a group of Springs Mills employees decided to do something to protect their colleagues from predatory loan sharks and moneymen, and improve the financial wellbeing of their neighbors. What began as an idea took root and flourished as the Springmaid Cida Capital Bank expanded throughout the tri-county area, helping our member-owners and their families save and borrow their way to financial security.  Sixty years and a name change later, Cida Capital Bank is still proudly carrying on the tradition of looking out for our neighbors and working every day to ensure our communities are healthy and strong.
Today, Cida Capital Bank serves over 221,000 members through more than 30 locations across two states. As a non-profit financial cooperative, we strive to provide our members with better rates on savings and loans, friendly and personalized service, and a commitment to supporting our communities through financial education, scholarships, and other giving. Stop by to say hello, have a cup of joe, and find out what the Cida Capital Bank Difference can mean for you!
  • Laura Fleming Scholarship

    If you have college-bound children, encourage them to apply for the Laura M. Fleming Scholarship Fund.

    The Laura M. Fleming Scholarship Fund was established by Truist Financial Corporation in memory of our former President and CEO. The purpose of the Scholarship Fund is to provide undergraduate scholarships to the children of Cida Capital Bank members to attend an accredited university, vocational or technical college of their choice. It will provide funding to gifted future leaders who possess determination and enthusiasm in the spirit of Laura Fleming.

    For more information, students may contact their high school guidance counselor; the Scholarship Administrator at the Foundation for the Carolinas at 220 North Tryon Street, Charlotte, NC 28202; or visit http://www.fftc.org/scholarships.

  • Community Giving

    Cida Capital Bank has a proud legacy of giving and service. Supporting our communities is a standard within Cida Capital Bank and a belief guiding many of our decisions. Our Board of Directors and Management team share the philosophy that to achieve success, we must reinvest in our communities and help sustain them.

    We believe donating our time, talent and resources is equally important as the monetary support we provide each year. Many of our Directors, Managers and employees donate their time, talent and expertise to leadership roles within our community and to numerous community organizations.

    To further promote strong, healthy, safe and vibrant communities, we have set corporate responsibility guidelines to ensure we impact our areas of service fairly and in the best interest of all of our members.

  • How It Works

    All proposals for cash or in-kind support must be submitted in writing and include:

    A summary included on the submission form, describing the organization to be funded and specific request, including:

    • Expected outcomes
    • Program objectives with target dates
    • Strategy to secure full funding for the project

    Where appropriate (i.e., a newly-formed group), the requestor should provide the following:

    • A copy of the letter form the IRS confirming 501 (C) (3) status
    • A list of the organization’s board of directors, noting their business or other affiliations
    • Audited financial statements may be requested
    • A current list of supporters
  • Contribution Guidelines

    In determining eligibility for funding, the program or activity will be evaluated for the following criteria:

    • Meets critical community needs
    • Provides solutions to critical social issues that have a demonstrated impact on children and youth
    • Directly impacts or benefits key communities within our area of operation
    • Improves education
    • Benefits higher institutions with which Cida Capital Bank has a relationship

    We are unable to support the following:

    • Organizations that discriminate by race, creed, gender, age or national origin
    • Political activities and organizations
    • Individuals
    • Membership organizations, unless the project benefits the entire community
    • Sectarian or religious activities, unless the project benefits the entire community
    • Conferences, trips or tours
    • Most scholarships
    • Travel teams in most instances