HOUSTON, Sept. 20, 2018 /PRNewswire/ -- BBVA Compass this
week launched its Center for Financial Education Community
Workshops Initiative, with the goal of giving 20,000 low- to
moderate-income individuals, families and small business owners the
knowledge they need to take better control of their financial
lives.
The BBVA Compass Foundation, the bank's charitable-giving arm,
has selected 28 nonprofits in 19 markets across its footprint to
participate in this financial education pilot program designed to
build a comprehensive network of financial education offerings.
Selected organizations received grants to host financial education
workshops during the five-month pilot period. The workshops are
designed to be a gateway for participants to increase their
financial stability and ultimately access the mainstream financial
system.
During a day-long financial education summit held in August, the
selected nonprofits received training on the Center's platform,
guidance in the use of technology-backed training materials, and an
introduction to the bank experts who will serve as financial
capability coaches for the workshops.
"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 capability and security," said Reymundo
Ocañas, BBVA Compass Director of Corporate Responsibility and
Reputation. "We envision a partnership 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, which officially launches today, will provide
workshops covering topics in personal finance, home ownership, and
small business matters.
The grant recipients have 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.
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 645 branches, including 332 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 found at
www.bbvacompass.com. For more BBVA Compass news, follow
@BBVACompassNews on Twitter, visit
newsroom.bbvacompass.com, or visit bbva.com.
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SOURCE BBVA Compass