IRVINE, Calif., March 19, 2015 /PRNewswire/ -- Hyundai Capital America (HCA), a top-10 U.S. captive auto finance company that does business as Hyundai Motor Finance and Kia Motors Finance, is pleased to announce it has partnered with Consumer Credit Counseling Services of Orange County (CCCS-OC), a nonprofit organization dedicated to helping consumers reach financial stability.
HCA donated $40,000 to CCCS-OC, a member agency of the National Foundation for Credit Counseling (NFCC), to become the primary sponsor of the nonprofit's new program, Financial Futures for Youth and Young Adults. The program is designed to teach financial literacy to students in Orange County.
With this sponsorship, HCA employees will volunteer their time, during work hours, with CCCS-OC's community partners in Orange County—including high schools and other youth organizations—to teach basic financial and banking skills to young people. The target reach for the Financial Futures initiative is over 1,000 at-risk youth and young adults ranging from 15-25 in age.
HCA has three existing internal grant programs designed to empower employees to organize employee-led volunteer events for their cherished causes. Through the new Financial Futures program, HCA is building on its efforts to promote volunteerism in the community with a corporate-led volunteer program that leverages employees' professional backgrounds and complements the company's role as a responsible lender as well as its other efforts to promote more awareness around financial wellness. HCA recently became the first captive auto finance company to provide FICO® Scores for free to all of its customers as part of the FICO® Score Open Access program.
"HCA employees have huge hearts and a strong desire to make a difference in our communities. Our partnership with CCCS-OC presents a fantastic way to enable them to give back by sharing their knowledge around financial literacy with young adults," said Carol Moore, HCA's vice president & general counsel. "It's very important for young adults to know how to borrow responsibly and save for the future, and I'm proud that HCA and our employees are taking up this worthy cause."
Moore was recently elected to CCCS-OC's Board of Directors, replacing Tom Oliver, HCA's director of collections operations management, who served on their board for 10 years.
"CCCS-OC is thrilled to be working with HCA on this community project," said Cheryl Spencer-Border, President & CEO of CCCS-OC, "Financial Futures for Youth and Young Adults is a needed program within our community, and CCCS-OC and HCA is a perfect partnership to reach students in the classroom setting. HCA brings the financial expertise and CCCS-OC brings the financial academic experience to develop the financial capabilities of our youth."
HCA is also planning to work with CCCS's chapters in Georgia and Texas to expand the Financial Futures program so that HCA employees in the company's Atlanta and Dallas operations centers can also volunteer to help bring early financial education to their communities.
ABOUT HYUNDAI CAPITAL AMERICA
Headquartered in Irvine, CA, Hyundai Capital America is a top-10 U.S. auto finance company supporting the financial services needs of Hyundai Motor America and Kia Motors America. Through the Hyundai Motor Finance® and Kia Motors Finance® brands, the company provides financial products to Hyundai and Kia dealerships nationwide, including dealer inventory and facility financing, as well as indirect vehicle financing for retail and lease customers. Through its subsidiary, Hyundai Protection Plan, the company offers vehicle service contracts and other vehicle protection products under the Hyundai Protection Plan™ and Power Protect® brands. As of 2015, the company serves over 1.4 million customers and over 1,500 dealers nationwide, and has over $25 billion in assets. In addition to its three offices in Irvine, CA, Hyundai Capital America has operations centers in Atlanta and Dallas.
Kia Motors Finance is the registered trademark of Kia Motors America, Inc. and is used with permission.
ABOUT CONSUMER CREDIT COUNSELING SERVICE OF ORANGE COUNTY
Founded in 1966, Consumer Credit Counseling Service of Orange County (CCCS-OC) is dedicated to assisting consumers in achieving financial stability through education and counseling. It provides free or low-cost financial services to Orange County residents who seek more control over their financial situation and financial self-reliance. CCCS-OC offers more than 30 educational courses attended by both youth and adults. In addition, clients meet with counselors for services including financial counseling, housing or foreclosure prevention, reverse mortgage, bankruptcy or debt management. Services are provided at six Orange County locations and via phone, Internet or in person. www.cccsoc.org
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SOURCE Hyundai Capital America