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February 21 2013

Operation HOPE and Catholic Charities of the East Bay Join to Launch FEEL

An initiative to bring Financial Empowerment through Economic Literacy to the Bay Area

Oakland, CA – February 21, 2013 – Global financial literacy nonprofit Operation HOPE (HOPE) today announced a partnership with Catholic Charities of the East Bay that will bring opportunities for economic empowerment to residents in underserved communities in the Bay Area through FEEL – an initiative to promote Financial Empowerment and Economic Literacy.

“We are pleased to join efforts with the Catholic Charities of the East Bay on this important initiative. Financial education can be the difference between economic freedom or economic slavery," said Tyrone Cosey, President of the Oakland Market for Operation HOPE. “The results of not being financially literate can result in lower credit scores, which ultimately can result in higher costs to borrow money.  In other words, it’s expensive being poor. We believe the FEEL initiative will help more people achieve financial fitness.”

Through FEEL, local residents will have an opportunity to: raise credit scores, take advantage of banking and investing opportunities, learn financial planning, reduce debt and increase saving, and access cutting edge financial products. The partnership will also create joint volunteer efforts to help provide and lead training programs.

Founded in 1935 as a response to the Great Depression, Catholic Charities of the East Bay is a diverse, multi-service nonprofit Human Services agency. Focused on helping families, it has played a central role in providing social services and advocacy to those most in need in Contra Costa and Alameda counties regardless of their religious faith. For further information, please visit the organization’s website, www.cceb.org.

CEO of Catholic Charities of the East Bay, Solomon Belette, expressed enthusiastic support for the FEEL partnership. He said, “Our two organizations which have both local, national, and international presence to combat poverty are ideal for this kind of partnership and perhaps a model for other communities throughout the United States”.

Since 2004, the Oakland HOPE Financial Dignity Center has provided on-the-ground, in-person support to people looking to take back their lives by getting their financial house in order. Through one-on-one counseling renters become homeowners, small business dreamers become small business owners and the hopeless become the hopeful. More than 90,000 youth and adults in the Bay Area have already been empowered through HOPE workshops and services.

About Operation HOPE
Since 1992, nonprofit Operation HOPE has grown to become the global leader in financial dignity, providing financial literacy and empowerment services to underserved communities worldwide.  Through its four principle portfolios: Banking on Our Future, HOPE Coalition America, HOPE Financial Dignity & Literacy Empowerment Centers, and HOPE Corps, the organization addresses youth and adult financial literacy, economic preparedness, bridges the digital divide and promotes home ownership, assists with credit management and foreclosure prevention. With the support of more than 400 private sector companies, 5000 nonprofit organizations and schools and government partners, HOPE has reached over 2-million low-wealth individuals in 273 U.S. cities and South Africa. At the core of HOPE’s mission is a Silver Rights Movement, ensuring that free enterprise and capitalism work to provide a better future for underserved communities around the world. To learn more about HOPE, visit our blog or follow us on Facebook and Twitter.