Equifax has pledged more than $500,000 in support to help communities improve access to credit and build financial responsibility through a five-year partnership with Operation HOPE, a financial dignity nonprofit committed to providing financial empowerment to under-served communities.
As part of the partnership, Equifax Chairman and CEO Richard F. Smith will join the Operation HOPE National Board of Directors to promote the aligned goals of the two organizations. Equifax Personal Solutions President Trey Loughran will join Operation HOPE’s Southeastern Board.
“Operation HOPE’s mission directly reflects Equifax’s own values and initiatives of helping responsible individuals achieve financial empowerment,” Smith said.
“We are pleased to partner with them to enable greater financial literacy among under-served consumers and communities across the country. By helping people gain access to credit, you open doors—whether it’s to a car loan, a better mortgage, or the opportunity to go to college. We look forward to joining with them to further assist this worthy initiative.”
Equifax’s commitment will support the growth of Operation HOPE’s HOPE Inside Program and 700 Credit Score Community, and help bring credit information to communities affected by natural disaster through Operation HOPE’s Hope Coalition America.
Executives from Equifax will also participate in Operation HOPE’s Global Financial Dignity Summit in Atlanta this November and work closely with Operation HOPE’s Financial Dignity Center, which is based out of the Ebenezer Baptist Church in Atlanta.
“We are pleased to gain the support of Equifax, so that we can change people’s lives. Their $500K commitment over the next five years will give Operation HOPE more opportunity to help small businesses and individuals improve their credit scores,” said John Hope Bryant, Operation HOPE founder, chairman and CEO.
“It is one of the cornerstones of our 700 Credit Score Community, a program that will turn under-served communities into emerging markets, giving people the keys to more resources and wealth.”
Since its inception in 1992, Operation HOPE has served more than 2 million individuals and currently serves in more than 300 U.S. cities, as well as South Africa, Saudi Arabia, Morocco and the United Arab Emirates.
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