BBVA Compass Foundation funds new hub for financial education in Austin at Goodwill Career and Technical Academy
- The mission: The BBVA Compass Center for Financial Education will provide services to promote overall financial health and better understanding of personal finance basics
- The funding: The BBVA Compass Foundation awarded Goodwill $250,000 to help build the facility located at 1015 Norwood Park Blvd.
- Timeline: The BBVA Compass Center for Financial Education will break ground in late 2018
- Greater impact: Goodwill Central Texas anticipates serving an additional 1,100 people annually in financial education
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.
SOURCE BBVA Compass
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