The New Financial Literacy Initiative of Hyundai Capital America and Consumer Credit Counseling Service of Orange County Has Begun Reaching Classrooms

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Apr 30, 2015, 06:09 ET

IRVINE, Calif., April 30, 2015 /PRNewswire/ -- Hyundai Capital America (HCA) is pleased to announce the new Financial Futures for Youth and Young Adults program, formed in partnership with Consumer Credit Counseling Service of Orange County (CCCS-OC), began reaching classrooms in Orange County this April—in keeping with National Financial Literacy Month.

HCA, a top-10 U.S. captive auto finance company that does business as Hyundai Motor Finance and Kia Motors Finance, is the primary sponsor of the new program. With this sponsorship, HCA employees volunteer time during work hours with CCCS-OC's community partners, 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 from 15 to 25 years old.

Since the Financial Futures program launched last March, CCCS-OC has trained dozens of HCA employees to teach basic financial education sessions. The sessions will continue throughout the year, and are designed to help youth and young adults with budgeting, saving, and maintaining financial stability.

"I'm really proud of my HCA colleagues for how readily they volunteered to participate in this program and how engaged they are to teach these topics to kids and young adults who can really benefit from this knowledge," said Carol Moore, HCA's vice president & general counsel and member of CCCS-OC's Board of Directors, as well as one of the program's trained volunteers. "As a lender, we see first-hand how important it is to properly manage your savings and credit, and our partnership with CCCS-OC is a great way for us to help future borrowers start off on the right foot."

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.

"We're really pleased to have rolled out Financial Futures for Youth and Young Adults during National Financial Literacy Month," said Cheryl Spencer-Border, President and CEO of CCCS-OC. "We're committed to helping our community develop their financial capabilities, and this program enables us to expand that mission to our youth with a strong, committed partner in Hyundai Capital."

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 over 21,000 youth and adults in 2011. In addition, more than 8,000 clients met with a counselor 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. Classes are also offered at many community venues such as community centers, colleges and universities, community organizations, churches, and employee assistance programs. For complete information about resources available from Consumer Credit Counseling Service of Orange County, visit www.cccsoc.org.

SOURCE Hyundai Capital America