Santander Consumer USA Launches Financial Literacy Training for City Year AmeriCorps Members
Announced during Financial Literacy Month, this innovative new program is made possible through a partnership between Santander Consumer, City Year and Operation HOPE
DALLAS, April 29, 2022 /PRNewswire/ — Santander Consumer UNITED STATES Holdings Inc. (“Santander Consumer” and “SC”) today announced that it is working with established community partners City Year and Operation HOPE to deliver financial literacy training to City Year AmeriCorps members, starting with a bigger dallas with plans to expand the program to other cities over the next two years. City Year AmeriCorps members working in selected dallas schools have access to financial workshops and one-on-one personal coaching designed and administered by Operation HOPE, Inc., the nation’s largest nonprofit dedicated to financial empowerment, with award-winning financial wellness programs designed to educate and transform thinking when it comes to making decisions about money, building wealth and working towards financial independence.
Funded by a seed grant to Operation HOPE from Santander Consumer UNITED STATES Inc. Foundation, the program launched in dallas in November 2021 with 25 City Year AmeriCorps members. When the participants of this first cohort complete their program in May 2022they will have received six months of Operation HOPE financial literacy and empowerment classes, personal financial coaching for budgeting, saving, improving credit scores, and establishing and managing credit, as well as a financial award from Santander Consumer.
City Year AmeriCorps members serve as student success coaches, helping students develop strengths and cultivate social, emotional, and academic skills that are important in school and in life. Through their service in schools and communities, City Year AmeriCorps members not only make a difference in the lives of students they
serve, they do so while gaining valuable skills and experience that prepare them to lead and make meaningful contributions where they live and work.
The program is the latest initiative from Santander Consumer’s $50 million multi-year commitment to boost financial inclusion and increase digital equity in communities across the United States In January, SC announced a separate initiative to provide free high-speed internet connectivity, computers, training and support to residents low-income eligible in some cities.
“Supporting equity and inclusion in our communities is a priority for SC, not just during Financial Literacy Month in April, but every day,” said Mahesh Aditya, President and CEO of SC. “City Year AmeriCorps members provide significant support to American students and schools, and many of these corps members are just beginning to establish their personal finances. Working with the coaches and Operation Financial Empowerment Program HOPE, City Year AmeriCorps members can develop healthy financial habits, which, in turn, helps build generational wealth.”
“Financial well-being is a crucial component of success and fulfillment,” said John Hope Bryant, Founder, President and CEO of Operation HOPE. “Santander Consumer helps build financial confidence in City Year AmeriCorps members, many of whom are just beginning their professional careers. This is a unique program, and we commend Santander Consumer and City Year for their continued commitment as we work together to uplift and enrich individuals and families with greater financial independence.”
“City Year AmeriCorps members dedicate a year or more of their lives to supporting the social-emotional development of students,” said Chris Man, City Year Senior Vice President of Development. “We are so grateful to Santander Consumer and Operation HOPE for providing this financial literacy training to our AmeriCorps members and supporting them as they complete their service and begin their lifelong journey as citizens and leaders. committed to helping address the serious challenges of systemic inequality and racial injustice in their communities.”
About Santander Consumer UNITED STATES
Santander Consumer USA Inc., headquartered in Dallas, Texas, is a full-service consumer finance company focused on vehicle financing, third-party maintenance and providing superior service to our more than 3 million customers across the credit spectrum. SC, which began creating retail installment contracts in 1997, had an average portfolio of assets under management of approximately $64 billion (for the fourth quarter ended December 31, 2021). The company is a wholly owned subsidiary of Santander Holdings USA, Inc., and is part of Madrid, SpainBanco Santander, a global banking leader based in New York. For more information about Santander Consumer USA, please visit www.santanderconsumerusa.com.
About City Year
City Year helps students and schools succeed, while preparing the next generation of committed leaders who can work across differences. Various teams of City Year AmeriCorps members provide support to students, classrooms, and the whole school. Schools that partner with City Year are up to two to three times more likely to improve their English and math scores, and the more time students spend with AmeriCorps members, the more their social skills improve , emotional and academic – skills that help students thrive in school and contribute to their community.
A proud member of the AmeriCorps National Service Network, City Year is supported by AmeriCorps, local school districts, and private philanthropy. City Year partners with public schools in 29 communities across the United States and through international affiliates in the United Kingdom and South Africa. Learn more at cityyear.org or on Facebook, Twitter and LinkedIn.
About Operation HOPE
Since 1992, Operation HOPE has moved America from civil rights to “money rights” with a mission to make free enterprise and capitalism work for everyone – disrupting poverty for millions. and low- and middle-income families across the country. Through its community improvement model, HOPE Inside, which was recognized as “Innovator of the Year” by American Banker magazine, Operation HOPE has served more than 4 million people and led more than 3.2 billions of dollars of economic activity to disadvantaged communities. turning customers into bank customers, tenants into landlords, small business dreamers into small business owners, minimum wage workers into living wage consumers, and victims of insecure disasters into financially empowered survivors.
# # #
SOURCE Santander Consumer UNITED STATES Holdings Inc.