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January 16 2005

National Credit Union Foundation Provides Operation HOPE with a Grant for Financial Literacy Program to Benefit Low-Wealth Communities in D.C., Virginia, and Chicago

Washington D.C. – January 16, 2005 - Operation HOPE, Inc. (OHI), in partnership with the National Credit Union Foundation, (NCUF) agreed to provide financial literacy education to youth and their parents living in low-wealth communities of District of Columbia, Virginia, and Chicago.  OHI’s Banking on Our Future financial literacy program, through a $50,000 grant from NCUF, commits to reach 6,000 students, and more than 1,000 parents by offering them economic education seminars. 

OHI will work with individual credit unions to motivate employees to volunteer as instructors in inner city communities. The adult education component of this effort will focus on credit education and housing counseling.  The NCUF grant is a timely enhancement to the new HOPE Center in Washington D.C. which began operations mid December 2004.

Banking on Our Future
Established in April 1996, Banking on Our Future, is a comprehensive financial literacy program of Operation HOPE for youth ages 10-20.  The program is run by a national volunteer network, working in 11 program offices in Oregon, California, Illinois, Washington D.C., Georgia, Chicago, Boston, New York, and Rhode Island.  Since its inception this program has served over 139,000 individuals living in wealth-less communities nationwide. Banking on Our Future, winner of the Oprah’s Angel Network award and just recently, the U.S. Treasury Department’s John Sherman Award for financial literacy excellence, is America’s only national urban delivery platform for financial literacy in the country.

About the National Credit Union Foundation
Established in 1980, NCUF is the U.S. credit union movement’s primary charitable and fundraising organization for global credit union development. The Foundation has given nearly $14 million in grants in support of its mission to promote consumer financial independence through credit unions. The Foundation is grateful to the Credit Union National Association, CUNA Mutual Group, US Central, Liberty Enterprises, Card Services for Credit Unions, Certegy and Visa for their corporate support.  Visit the Foundation’s web site at
www.ncuf.coop.