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June 27 2013

Operation HOPE and Financial Services Roundtable Reach Fourth Year of Strategic Partnership to Support Financial Dignity and Literacy

 
 
 

Framework Agreement between HOPE and the Roundtable brings together resources of private sector to support financial literacy and capabiltiy 

Los Angeles – June 27, 2013 – Operation HOPE, Inc. (HOPE) and the Financial Services Roundtable (Roundtable) recently reached the fourth anniversary of their landmark Framework Agreement.  The agreement advances financial literacy as a "business case" for financial industry companies and encourages their involvement to support financial capability for communities nationwide.

The Framework Agreement, established in 2009, joined the resources of the Roundtable member companies and infused them with the shared goal of providing financial literacy nationwide, supporting the work that Operation HOPE has been leading in underserved communities for the last two decades.

“Our partnership with the Roundtable has been critical to the important work we’re doing every day in underserved communities,” said John Hope Bryant HOPE founder, chairman and CEO. “Just in these first four years of this relationship, Operation HOPE’s ability to share the message of financial dignity and literacy has been bolstered by the support of the Roundtable and its respected membership.  The results of this partnership reflect the power of teamwork and what can be accomplished with a common goal.”

Through Roundtable leadership and the participation of its member companies, like SunTrust Banks, Inc., LPL Financial, MasterCard Worldwide, State Farm Insurance Companies, and Wells Fargo & Company among others, HOPE continues to bring financial dignity issues to the national stage.

Operation HOPE recognizes the following efforts around the Framework Agreement 2012-2013:

 - Jointly co-signed a letter supporting U.S. Senator Kay R. Hagan (D-NC) financial literacy bill, “The Financial Literacy for Students Act of 2013”

- 1 Million dollar commitment by SunTrust Banks, Inc to suport HOPE Inside -- HOPE finanical counselors adn services located inside select SunTrust branches, to help promote improve credit scores and financial well-being

- The Roundtable supports the Gallup HOPE Index, a program created to help boost the economic energy of America’s youth, by participating at the annual forum in January

 

- The Roundtable supported the 2012 HOPE Global Financial Dignity Summit; Steve Bartlett former Roundtable President and CEO, 1999-2012, served as a speaker

- The Roundtable committed to supporting HOPE Coalition America, Operation HOPE’s financial preparedness and recovery division, to help survivors of natural disasters

- Operation HOPE staff participated as judges to help select scholarship and community service award winners for the Roundtable Community Services Awards event

- Roundtable representatives have participated as HOPE Corps volunteers and attended HOPE events to support financial capability work 

- Two Identity Theft Workshops, with document shredding opportunities for participants, were jointly hosted by members of the Roundtable, Operation HOPE and the Identity Theft Assistance Center

- Roundtable member companies boasted in-aggregate, 42,000 financial literacy projects, which include HOPE programs – Banking on Our Future, HOPE Financial Dignity Centers, Gallup-HOPE Index and HOPE Coalition America, amongst others 

Since its inception in 1992, HOPE has empowered more than 2 million individuals and directed more than $1.5 billion in private capital to America's low-wealth communities, and promoted the importance of financial dignity. Currently it serves more than 300 U.S. cities helping them in cases of with financial preparedness and financial disaster recovery services. Its effort to empower underserved communities is a “silver rights” mission to make free enterprise work for everyone.  

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer.  Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. 

Roundtable member companies provide fuel for America's economic engine, accounting directly for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs. The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.

This five-year partnership outlines ten Partnership Principles designed to nurture C-Suite leadership around financial literacy, further integrate the understanding of finances as a standard practice for business and in so doing to highlight the financial services industry's commitment to financial literacy through visible principles and efforts.

To view the original Framework agreement signed on June 17, 2009 at the Operation HOPE Global Financial Literacy Summit, please click here.