May 15 2014
Union Bank Partners with Operation HOPE to Teach Students Financial Education at Boys & Girls Clubs of San Bernardino County
Students recognized for participating in HOPE’s Banking on Our Future program taught by bank volunteers
SAN BERNARDINO, CA, May 16, 2014 – As part of its ongoing commitment to responsible banking and to help increase youth financial education, Union Bank, N.A., partnered with Operation HOPE (HOPE) and the Boys & Girls Clubs of San Bernardino (BGCSB) to educate high school students about the basics of personal finance using HOPE’s Banking on Our Future curriculum. Union Bank volunteers Rosella Bernal, Michael Milian and Jason Nesbihal began teaching HOPE’s award-winning youth financial dignity program to members of the BGCSB on April 11. The five-week course culminated with a recognition ceremony to celebrate the students’ completion of the program May 9.
The Banking on Our Future curriculum offers five modules: Course in Dignity (covers the importance of responsible budgeting and money management), Basics of Budgeting, Get Smart About Banking (Checking and Savings Accounts), Fundamentals of Credit, and Introduction to Savings and Investing. Each week, students participating in the program learned practical lessons by using hands-on calculations and real-world examples.
“It has been a pleasure to partner with Union Bank and Operation HOPE,” said Boys & Girls Clubs of San Bernardino Director of Program Development Dr. Lolita Lyles. “The Banking on Our Future curriculum has taught our students critical life skills in a way that incorporates hands-on activities and real-world examples.”
In the celebratory ceremony held May 9, BGCSB, Union Bank, and HOPE executives formally acknowledged and awarded certificates to the students for completing the program.
“The enthusiasm of both the students as well as our employee volunteers has been nothing short of inspiring,” said Union Bank Senior Vice President and Foundation President Carl Ballton. “Union Bank is committed to strengthening communities through financial literacy, and we hope to reach even more Boys & Girls club members in the future.”
During the ceremony, students, teachers and parents were also treated to a special demonstration of the bank’s newest financial education tool – the Yuby™ app.
The classroom edition of Banking on Our Future is a critical element 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.
Banking on Our Future was designed to elevate the dignity, hope, and economic self-sufficiency of people in low-wealth communities through financial empowerment. Since its inception, the program has reached more than 760,000 students and community-based organizations in the U.S. and South Africa. It is the recipient of the U.S. Treasury Department's John Sherman Award for Financial Literacy Excellence and Oprah's Angel Network’s Use Your Life Award.
About UnionBanCal Corporation & Union Bank, N.A.
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $107.2 billion at March 31, 2014. 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 420 branches in California, Washington, Oregon, Texas, Illinois, New York and Georgia, as well as two international offices, on March 31, 2014. 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.
About Operation HOPE, Inc.
Since its inception in 1992, HOPE, a global nonprofit focused on financial dignity, has empowered more than 2 million individuals and directed more than $1.5 billion in private capital to America's low-wealth communities. It has recruited a growing army of 20,000 HOPE Corps volunteers, and helped raise average credit scores for financial case management clients more than 120 points over an average 18-month period. It currently serves more than 300 U.S. cities, as well as South Africa, Saudi Arabia, Morocco and most recently, the United Arab Emirates. Currently HOPE is focused on Project 5117, a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults, and empower underserved communities, as a part of its “silver rights” mission to make free enterprise work for everyone. To learn more about Operation HOPE visit www.operationhope.org, follow our Twitter: @operationhope, and like us on Facebook: Operation HOPE.
About Boys & Girls Clubs of San Bernardino
For over 55 years, Boys & Girls Clubs of San Bernardino (BGCSB) has been offering life-changing programs for youth ages 5 through 17. Our mission is to enable all young people, especially those who need us most to reach their full potential as productive, responsible and caring citizens. Our club operates regularly Monday through Friday from 2 p.m to 7 p.m. and during the summer from 7:00 a.m. to 7:00 p.m. To learn more about Boys & Girls Clubs of San Bernardino please visit our website www.begreatbgcsb.org, email us at firstname.lastname@example.org, visit the club at 1180 West 9th Street, San Bernardino, CA, 92411 or call us at (909) 888-6751.
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