December 19 2013
Union Bank Partners with Operation HOPE to Provide Credit Counseling in Select Union Bank Branches
LOS ANGELES, CA- December 13, 2013 – Union Bank, N.A., today announced that it has joined the Operation HOPE, Inc. (HOPE) Inside program, whereby Union Bank employees will provide credit counseling in five select branches throughout Greater Los Angeles beginning in the first quarter of 2014. HOPE will train and certify bank employees as HOPE financial literacy counselors to deliver counseling and workshops and will also make HOPE virtual counselors available for one-on-one client support.
“As part of our ongoing commitment to empowering underserved communities, we are proud to support the HOPE Inside program,” said Union Bank Executive Vice President Julius Robinson, head of Corporate Social Responsibility and chairman of Operation HOPE’s northwestern board of directors. “We value our long-time partnership with Operation HOPE and share its passion for developing strong financial education programs. We look forward to continuing our efforts through credit counseling in these branches.”
Union Bank has committed more than $2.5 million over nearly 20 years to support HOPE programs. The bank’s commitment also includes the “Banking on Our Future” youth financial dignity program. The classroom edition of the “Banking on Our Future” curriculum is part of HOPE’s FIVE MILLION KIDS initiative aimed at making kids money smart and lowering the school dropout rate in America. Union Bank was the first national sponsor of the initiative. The curriculum, taught by Union Bank executives, features five courses: a Course in Dignity, Basics of Budgeting, Get Smart About Banking (Checking and Savings Accounts), Fundamentals of Credit and Introduction to Savings and Investing.
“Operation HOPE applauds Union Bank as a leader in supporting financial literacy,” said HOPE Founder, Chairman and CEO John Hope Bryant. “The bank recognizes the importance of empowering youth and adults with financial literacy, which is critical to the success of our future leaders and communities.”
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $105.5 billion at September 30, 2013. Its primary subsidiary, Union Bank, N.A., provides an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 422 branches in California, Washington, Oregon, Texas, Illinois, and New York as well as two international offices, on September 30, 2013. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. In July 2013, American Banker Magazine and the Reputation Institute ranked Union Bank #1 for reputation among its customers. Visit www.unionbank.com for more information.