BOSTON, Oct. 12 /PRNewswire/ -- Norfolk Financial Corp., a Boston-based debt purchasing company, today announced a significant donation to the local office of Banking On Our Future, a national non-profit organization for financial education of youth administered by Operation Hope.
The $1,000 contribution from Norfolk will be used for the Boston-area operations of the Banking On Our Future Program that is primarily focused on urban, under-served communities.
"Learning how to manage money and understanding how credit works is vitally important and education needs to begin early," said Daniel Goldstone, president of Norfolk Financial. "Banking On Our Future is a great program that provides this education at no cost to local schools and it deserves to be supported."
Goldstone has volunteered as an instructor in the program and personally teaches Boston area middle and high school children about being financially responsible citizens, working with them to understand how to balance a checkbook, avoid debt, what it means to take out a loan, and other banking principals.
"We're very pleased that Mr. Goldstone understands the need and value that Banking On Our Future can provide and we're grateful for his contribution," said Meghan Hoyt, the Boston area program manager for Banking On Our Future.
Since 1999, Norfolk Financial has been involved in the purchase of consumer debt from various nationwide lenders. It is a member of the nationally recognized New England Collectors Association, the American Collectors Associate International, and the Debt Buyers' Association International.
Operation Hope is America's first non-profit social investment banking organization and a leading self-help provider of economic empowerment tools for the underserved. Founded by John Hope Bryant, a financial literacy and poverty eradication activist and vice chair of the President's Advisory Council on Financial Literacy.
SOURCE Norfolk Financial Corp.