AUSTIN, Texas, Jan. 9, 2018 /PRNewswire/ -- Goodwill
Central Texas will open a new hub for financial education as part
of the future Goodwill Career and Technical Academy, with funding
generously provided by the BBVA Compass Foundation. The BBVA
Compass Center for Financial Education will break ground in late
2018.
The BBVA Compass Foundation awarded Goodwill $250,000 to help build the facility. The BBVA
Compass Center for Financial Education will provide financial
literacy services including instruction on overall financial health
and understanding the basics of personal finance, budgeting, saving
and managing credit. Goodwill program participants, as well as
students of The Goodwill Excel Center adult high school and the
GCTA, are eligible for financial literacy services. Goodwill
anticipates serving an additional 1,100 people annually in
financial education.
"Goodwill Central Texas has been tireless in its efforts to
empower people to work and educate our communities, and our
financial commitment reflects our sharp focus on accelerating those
efforts and bridging the knowledge gap so that more people can take
better control of their financial lives," said BBVA Compass Austin
Market CEO Joe Petet. "This
partnership will serve as a model for our efforts to establish a
network of financial education centers throughout the bank's
footprint."
Petet spoke Tuesday as representatives from Goodwill Central
Texas, including President and CEO Jerry
Davis, gathered at the future site of the BBVA Compass
Center for Financial Education at 1015 Norwood Park Blvd. for
official recognition of the gift.
"We are honored and very appreciative of this generous gift from
the BBVA Compass Foundation. This collaboration is reflective of
the longstanding partnership between Goodwill and BBVA Compass and
our shared undertaking to address specific community needs," Davis
said. "Financial literacy is an essential skill in mobilizing our
local workforce."
Also in attendance were Traci
Berry, Chief Learning and Engagement Officer, Goodwill
Central Texas; Matt Williams, Vice
President Education, Goodwill Central Texas; and Jeff Dudderar, BBVA Compass Texas Regional
Executive.
BBVA Compass has been supporting Goodwill Central Texas since
2011 as part of the bank's broader efforts throughout the
Austin area. The BBVA Compass
Foundation, the bank's charitable arm, has invested more than
$1.5 million in the Austin area in the last five years to support
small-business advocacy, financial education, affordable housing,
and revitalization and stabilization of designated LMI communities.
In addition, the bank made 29 community development loans totaling
$97 million in Austin over the last two years, including one
for the acquisition and development of the new financial education
center.
To learn more about BBVA Compass, visit: www.bbvacompass.com
For more news visit: www.bbva.com and
newsroom.bbvacompass.com
About BBVA Group
BBVA (NYSE: BBVA) is a
customer-centric global financial services group founded in 1857.
The Group has a strong leadership position in the Spanish market,
is the largest financial institution in Mexico, and has leading franchises in
South America and the Sunbelt
Region of the United States; it is
also the leading shareholder in Garanti, Turkey's biggest bank for market
capitalization. Its diversified business is focused on high-growth
markets and it relies on technology as a key sustainable
competitive advantage. Corporate responsibility is at the core of
its business model. BBVA fosters financial education and inclusion,
and supports scientific research and culture. It operates with the
highest integrity, a long-term vision and applies the best
practices. More information about BBVA Group can be found at
bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based
financial institution that operates 649 branches, including 336 in
Texas, 89 in Alabama, 63 in Arizona, 61 in California, 45 in Florida, 37 in Colorado and 18 in New Mexico. BBVA Compass ranks among the top
25 largest U.S. commercial banks based on deposit market share and
ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been
recognized as one of the leading small business lenders by the
Small Business Administration (SBA) and ranked 5th nationally in
the total number of SBA loans originated in fiscal year 2016.
Additional information about BBVA Compass can be found at
www.bbvacompass.com. For more BBVA Compass news, follow
@BBVACompassNews on Twitter or visit
newsroom.bbvacompass.com.
About Goodwill Central Texas
For six decades, Goodwill
Central Texas — a private, non-profit, 501(c)3 organization
established in Austin in 1958 — has empowered hundreds of thousands
of people in our community to transform their lives through work.
We're proud to be a leader in workforce development through
education, training, and career placement. Our mission — generating
lifelong connections to work — is funded through our social
enterprise model of donated goods and retail, business and staffing
solutions, recycling operations, and generous community support.
For more information about Goodwill Central Texas, go to
www.goodwillcentraltexas.org.
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SOURCE BBVA Compass