Central Federal Makes Donation to Literacy Council

Bill Stoltz, President and CEO of Central Federal Bancshares, presents Alice Whalen, Executive Director of the East Central Area Literacy Council and their Board of Directors, with a check for $2,000 to assist in purchasing training materials and other needs of their literacy program.


The East Central Area Literacy Council will help more students obtain a high school equivalency certificate, learn English, prepare for secondary education and learn new job skills thanks to a generous donation from a local business.

On January 30, Central Federal Bancshares CEO Bill Stoltz presented a $2,000 check to the East Central Area Literacy Council to assist in purchasing training materials and other needs. In partnership with the Adult Education and Literacy (AEL) Program at East Central College, the council helps students improve their skills in basic math, reading, writing, social studies and science.

“Our services are very much needed in the East Central College service area,” said East Central College AEL Director Alice Whalen. “Franklin County has nearly 13,500 adults who do not have a high school education. Gasconade is close to 2,500, Phelps hovers around 5,600 and Warren has nearly 5,200 people without a high school diploma or High School Equivalency (HSE) Certificate.”

The donation was made in collaboration with the Central Federal Community Foundation, established to provide financial support to charitable organizations in the communities served by Central Federal.