Cache Valley Bank Commits more that $10 million to Support Utah Students with Disabilities Through CFEF
A Continued Investment in Utah’s Future
Cache Valley Bank has demonstrated an extraordinary commitment to Utah families by contributing $5,084,000 in 2025 to the Children First Education Fund (CFEF)—and renewing that same level of support again in 2026.
This ongoing partnership is helping expand access to specialized education for students with disabilities across the state, ensuring more families can choose the learning environment that best meets their child’s needs.
A Bank Built on Community Impact
For decades, Cache Valley Bank has prioritized community involvement as a core part of its mission. Their leadership understands that strong communities are built by investing in people—especially children.
Their partnership with CFEF reflects this commitment by:
- Supporting local families directly
- Investing in education and long-term outcomes
- Strengthening Utah communities through opportunity
Leadership That Made It Happen
The partnership between Cache Valley Bank and CFEF was made possible through the community-minded leadership at Cache Valley Bank, spearheaded by Mike Lemon, who is the CFO of Cache Valley Bank, whose vision and initiative were instrumental in establishing and growing this relationship.
“We’re always looking for ways to make a meaningful impact in the communities we serve. Supporting CFEF allows us to directly invest in Utah families and help children access the education they deserve.”
— Mike Lemon, CFO, Cache Valley Bank
Why CFEF? A Smart and Meaningful Investment
Through Utah’s unique tax credit program, Cache Valley Bank is able to redirect state tax dollars to fund scholarships for students with disabilities—creating impact without increasing their tax burden.
This approach allows businesses to:
- Receive a 100% Utah state income tax credit
- Direct funds to a cause that aligns with their values
- See immediate, local impact from their contribution
Real Impact for Utah Families
Children First Education Fund provides scholarships that help families access:
- Private school tuition
- Homeschool curriculum and resources
- Specialized therapies and services
CFEF is required by law to distribute 92% of all donations directly to students, maximizing the impact of every dollar given.
“This is one of the most impactful ways we can give back—knowing that nearly every dollar goes directly to helping a child succeed.”
— Mike Lemon, CFO, Cache Valley Bank
Expanding Opportunity Across Utah
With thousands of eligible students and growing demand for scholarships, partnerships like this are critical.
Cache Valley Bank’s contributions help:
- Reduce waitlists for scholarships
- Expand access to specialized education
- Empower parents with meaningful choice
A Model for Corporate Leadership
Cache Valley Bank’s partnership with CFEF is a powerful example of how businesses can align financial strategy with community impact.
By leveraging the state tax credit program, they are:
- Supporting vulnerable students
- Strengthening local communities
- Leading by example for other Utah businesses
Looking Ahead
As demand for scholarships continues to grow, continued partnerships like this one will play a vital role in shaping the future of education in Utah.
Cache Valley Bank’s leadership—and the vision of individuals like Mike Lemon—demonstrate what’s possible when organizations commit to making a difference.
Join the Movement
Utah businesses and individuals can follow this model by redirecting their state tax dollars to support students with disabilities.
Together, we can expand opportunity and ensure every child has access to the education they need to thrive.