October 23 2014
ABA and Operation HOPE to Host Financial Education Lessons in Honor of “Get Smart About Credit Day”
WASHINGTON — October 23, 2014 -- Approximately 3,000 bankers will host financial education events across the country as part of the 12th annual Get Smart About Credit Day, on October 16. To honor the day, ABA, which sponsors the GSAC program, will partner with Operation HOPE’s Banking on Our Future program to teach financial education lessons alongside 25 local bankers at Overlea High School in Baltimore.
This event is part of ABA and HOPE’s partnership, announced earlier this year, to collaborate on financial literacy advocacy. The classroom lessons involve teaching students financial skills through activities, interactive scenarios and sharing real-life experiences. ABA and HOPE will join a host of local banks including 1st Mariner Bank, Eastern Savings Bank, Harbor Bank of Maryland, M&T Bank, SunTrust, TD Bank, and Wells Fargo.
“While personal finance instruction has increased in schools, programs like Get Smart About Credit and Banking on Our Future are needed for students to be financially confident and capable,” said Mike Hunter, ABA chief operating officer. “We’re thrilled to be partnering with Operation HOPE to deliver these lessons with our volunteer bankers.”
ABA’s GSAC program is a national campaign of volunteer bankers who work with young people to raise awareness about the importance of using credit wisely, protecting their identity and paying for college. Since its inception in 2003, 33,000 banker volunteers across the country have educated more than 1 million students. For the full list of 2014 GSAC participating banks, click here.
HOPE’s BOOF program was established in 1996 to educate young adults through five modules, ranging from budgeting to saving and investing, which are aligned with the Principles and Standards for School Mathematics. The modules are delivered by members of Operation HOPE’s volunteer HOPE Corps, who provide information and skills that are critical in establishing a strong financial foundation. To date, 1,736 HOPE Corps members have trained more than 42,000 students in the Baltimore area. In total, more than 780,000 students have received training throughout the United States, South Africa and Saudi Arabia
About the ABA
The American Bankers Association is the voice of the nation’s $14 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $11 trillion in deposits and extend nearly $8 trillion in loans. Through its leadership, partnerships, and national programs, ABA’s Community Engagement Foundation, a 501(c)3, helps bankers provide financial education to individuals at every age, elevate issues around affordable housing and community development, and achieve corporate social responsibility objectives to improve the well-being of their customers and their communities.
About Operation HOPE, Inc.
Founded in 1992 and headquartered in Los Angeles, Operation HOPE promotes financial dignity through the delivery of financial inclusion and education tools to underserved communities. Through its three core divisions and HOPE Financial Dignity Forum, the organization has provided youth and adult financial literacy, economic preparedness, digital empowerment, promoted home ownership, and assisted with foreclosure prevention to more than 2 million individuals, families, and small business owners. HOPE's 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. To learn how you can join Project 5117, go to www.operationhope.org/p5117mission or visit www.operationhope.org to learn more.
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