HOUSTON, June 13, 2018 /PRNewswire/ -- BBVA Compass
is teaming up with nonprofits to build a comprehensive network of
financial education offerings, with the goal of giving 20,000 low-
to moderate-income individuals and families the knowledge they need
to take better control of their financial lives.
The BBVA Compass Foundation, the bank's charitable-giving arm,
is inviting nonprofits in 21 markets across its seven-state
footprint to apply for grants of up to $40,000 to host financial education workshops.
The workshops are designed to be a gateway for participants to
increase their financial stability and ultimately access the
mainstream financial system.
"We want to build a network of opportunity, a place where people
can come to get financial education so they can experience a fuller
measure of financial stability and security," said Rey Ocañas, BBVA
Compass Director of Corporate Responsibility and Reputation. "The
way we envision it is by teaming up with organizations that are
already out there every day building up their communities. We'll
give them the tools and funding they need to help move even more
people onto firmer financial footing."
The BBVA Compass Center for Financial Education Community
Workshops Initiative will provide workshops covering topics in
personal finance, home ownership and small business matters.
Flexible curriculum
The successful applicants will be nonprofit organizations with a
demonstrated ability to deliver financial education to low- and
moderate-income families, to unbanked or underbanked populations,
or to small businesses in underserved areas. BBVA Compass will
provide the workshop curricula, which it developed using its own
subject-matter experts in partnership with leading education
technology firm EverFi.
Each financial education module gives organizations the
flexibility to deliver workshops using a range of technology
options including no-tech, low-tech and high-tech instructional
methods, and in both English and Spanish. The workshops will be
taught by trained financial capability coaches from BBVA
Compass.
Additionally, BBVA Compass will support the selected non-profits
with co-branded marketing and technology support, as well as access
to the BBVA Compass Center for Financial Education, the bank's hub
for online and in-person adult financial education courses. The
BBVA Compass Center for Financial Education Community Workshops
Initiative is part of BBVA Compass' pledge, made in late 2014, to
put $11 billion in lending,
investments and services toward supporting low- and moderate-income
individuals and neighborhoods.
The bank has already pursued a series of partnerships with
high-profile, high-impact nonprofits to promote financial
education.
- Earlier this year, Goodwill Central Texas in Austin officially recognized the BBVA Compass
Foundation's $250,000 donation, which
is helping open a new hub for financial education as part of the
future Goodwill Career and Technology Academy. Goodwill anticipates
serving an additional 1,100 people annually in financial
education.
- In the bank's headquarters city of Birmingham, Ala., the BBVA Compass
Foundation's $250,000 gift to The
Salvation Army helped the nonprofit establish a new Education and
Workforce Development Center, where it will deliver financial
education.
For more information, to review eligibility requirements and
apply, go to bbvacompass.com/foundation.
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, it has leading franchises
in South America and the Sunbelt
Region of the United States; and
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 (6th). BBVA Compass has been
recognized as one of the leading small business lenders by the
Small Business Administration (SBA) and ranked 6th nationally in
the total number of SBA loans originated in fiscal year 2017.
Additional information about BBVA Compass can be at
www.bbvacompass.com. For more BBVA Compass news, follow
@BBVACompassNews on Twitter or visit
newsroom.bbvacompass.com.
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SOURCE BBVA Compass