DETROIT, May 21, 2012—In honor of its commitment to supporting basic needs and services in the community, Ally Financial Inc., has been named the 2012 recipient of the Phy Stephens Award by the Detroit Area Agency on Aging (DAAA).
“It gives me a tremendous feeling of warmth and gratitude when you have a new corporation join our family and assist us to continue to tell the story of our homebound and disabled population,” said Paul Bridgewater, president & CEO of Detroit Area Agency on Aging. “When a corporation like Ally Financial returns year after year; well this definitely shows there commitment to our community.”
For the past two years, Ally Financial supported the distribution of more than 13,000 meals for homebound and disabled seniors. In addition, Ally held financial literacy classes through the Wallet Wise program for Detroit seniors to reinforce the importance creating a spending plan, and Ally employees supported DAAA by hosting group fundraisers that benefited Meals on Wheels.
"Ally Financial strives to support and strengthen the communities where we live and work,” said Beth Coggins, director of community relations at Ally Financial. “We support groups that provide vital community services and are honored to accept this award.”
Created in memory of Phygenia Stephens, a diligent employee who was heavily involved with the Meals on Wheels program, this annual award is given to individuals or organizations that showcase exemplary support. Ally Financial will be presented the Phy Stephens Award during the DAAA Annual Meeting on Monday, May 21, 2012 from 11:30 a.m. until 3 p.m. The event is being held at Greater Grace Temple inside the Bishop Charles H. Ellis Conference Center located at 23500 West 7 Mile Road in Detroit.
Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally Bank, the company's direct banking subsidiary, offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and online checking. Ally's Commercial Finance unit provides financing to middle-market companies across a broad range of industries.
With approximately $186 billion in assets as of March 31, 2012, Ally operates as a bank holding company. For more information, visit the Ally media site at http://media.ally.com or follow Ally on Twitter: @ally.
About Detroit Area Agency on Aging
DAAA, whose mission is to promote healthy aging and enhance the quality of life for older adults, is a private nonprofit agency established in 1980. DAAA serves approximately 56,000 older adults age 60 and over and caregivers residing in the City of Detroit and metropolitan areas including five Grosse Pointes, Hamtramck, Harper Woods and Highland Park annually. The DAAA’s services include the Regional Call Center, Wellness Services, Healthy Aging, Nutrition Services feeding about 4,000 daily through the Detroit Meals on Wheels program, Care Management Services for homebound seniors, the Mature Workers Program for low-income-individuals age 55 or older, the Medicaid and Medicare Assistance Program, Outreach Services, and the Senior Solution on WCHB 1200 AM and 99.9 FM every Saturday at 1.00 p.m. The organization is located at 1333 Brewery Park in Detroit. For further information call (313) 446-4444 or visit www.daaa1a.org.