Capital One and Junior Achievement Named as Finalists for U.S. Chamber Corporate Citizenship Award
WASHINGTON--(BUSINESS WIRE)--Sept. 5, 2006--Capital One and JA Worldwide(TM) (Junior Achievement) are being honored as finalists for a Corporate Citizenship Award from the U.S. Chamber of Commerce for their work to provide financial literacy training to students in the United States.
2006 is the inaugural year of the Partnership Award by The Business Civic Leadership Center (BCLC), a 501(c)(3) affiliate of the U.S. Chamber. The Partnership Award winner will be determined by a unique public voting process. Voters can go to the BCLC's Web site (www.uschamber.com/bclc) until September 15.
The winner will be announced on November 8 at BCLC's 7th annual Corporate Citizenship Awards Dinner at the Andrew W. Mellon Auditorium in Washington, DC. The celebration will be held in conjunction with the U.S. Chamber Board of Directors' fall dinner.
"We're thrilled about launching the Partnership Award this year," said Stephen Jordan, BCLC vice president and executive director. "Companies and nonprofit organizations increasingly are teaming up to address vital issues, and this award helps us to call attention to some of the most interesting and important collaborations today."
"Capital One is proud of this nomination and of our partnership with JA," said Richard Woods, senior vice president, Capital One. "We share the belief that financial education and money management skills are crucial building blocks for success and are helping prepare students to make wise financial decisions as adults."
Thomas G. Dewar, JA Worldwide senior vice president, added "JA Worldwide is thrilled to be named as a finalist for this prestigious award with Capital One. It demonstrates the power of our two organizations working together to help young people effectively spend, save, and manage their money, and help prepare them for the workforce."
Capital One and JA developed three programs to teach middle school students about the fundamental concepts of financial literacy and work-related life skills/career development.
Capital One/Junior Achievement Finance Park:
This innovative mobile program is designed to introduce middle grades students to money management basics through interactive learning. The program includes a comprehensive classroom curriculum and participation in a day-long simulation at a mobile unit which transforms into a miniature city where students learn how classroom lessons apply to the choices they will make as adults.
JA in a Day:
Hundreds of Capital One associates delivered age appropriate financial literacy simultaneously to multiple classrooms in Richmond, Va. and Washington, DC. In addition, Capital One associates provided each student with a book to enjoy for summer reading, new book shelves for each of the classrooms, upgraded existing computers with memory modules, and donated cell phones to the teachers to have in the classrooms for emergencies.
Sliding into Succe$$:
In partnership with the Washington Nationals, students created a fantasy baseball team and calculated players' statistics while staying within a specified budget. Washington Nationals
All-Star relief pitcher Chad Cordero visited with students during the program.
About Capital One
Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a financial holding company, with more than 324 locations in Texas and Louisiana. Its principal subsidiaries, Capital One Bank, Capital One, F.S.B., Capital One Auto Finance, Inc., and Capital One, N.A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively had $47.2 billion in deposits and $108.4 billion in managed loans outstanding as of June 30, 2006. Capital One, a Fortune 500 company, trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 index.
About JA Worldwide(TM) (Junior Achievement)
JA Worldwide is the world's largest organization dedicated to educating young people about business, economics and entrepreneurship. Through a dedicated volunteer network, JA Worldwide provides in-school and after-school programs for students in grades K-12. JA Worldwide offers educational programs that focus on seven key content areas: business, citizenship, economics, entrepreneurship, ethics/character, financial literacy, and career development. Today, 142 offices reach approximately four million students in the United States, with more than three million students served by operations in 96 countries worldwide. For more information, visit www.ja.org.
About Business Civic Leadership Center (BCLC)
BCLC serves as the U.S. Chamber's resource and voice for business' social and philanthropic interests. Its mission is to advance the positive role of business in society. The U.S. Chamber is the world's largest business federation representing more than three million businesses and organizations of every size, sector, and region.
CONTACT: Capital One
Laura White, 804-284-5799
BCLC Communications Manager
Catherine Taylor, 202-463-3133
Stephanie Bell, 719-540-6171
SOURCE: Capital One Financial Corporation