LAS VEGAS--(BUSINESS WIRE)--Operation HOPE and Mutual of Omaha Bank today announced a national relationship, with Mutual of Omaha Bank serving as the new central banker for Operation HOPE, Inc.
This relationship includes new term loan and line of credit facilities for the growing Operation HOPE parent organization and its retail network.
“Mutual of Omaha Bank understands Operation HOPE’s mission, vision and, most importantly, the unique operating environment nonprofit organizations operate within,” said John Hope Bryant, Operation HOPE founder and CEO. “This understanding, and mutual trust within the context of the relationship, is as important as the capital to fuel our growth.”
HOPE Inside locations exist literally “inside” financial institutions, retail stores, supermarkets, local municipalities and community-based partners, allowing Operation HOPE to reach more people while cutting out the expensive overhead costs of running a financial education center. Currently, HOPE operates 23 HOPE Inside locations throughout the country.
The first HOPE Inside location in the state of Nevada recently opened at the Mutual of Omaha Bank branch in Henderson, NV. The location features a financial literacy counselor to provide credit and money management counseling, a 700 Credit Score Communities program and entrepreneurial training for aspiring small business owners. The HOPE employee is sponsored by Mutual of Omaha Bank.
“We are excited to partner with Operation HOPE as they continue their work to educate and empower the underserved and struggling in America,” said Jeff Schmid, Chairman and CEO of Mutual of Omaha Bank.
About Operation HOPE, Inc.
Founded in 1992 and headquartered in Los Angeles, Operation HOPE is rated a 4-star charity by Charity Navigator. A global nonprofit focused on financial dignity, HOPE has empowered more than 2.5 million individuals and directed more than $1.8 billion in private capital to America’s low-wealth communities. Currently, HOPE is focused on Project 5117, a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults and empower underserved communities. To learn more about Operation HOPE, visit www.operationhope.org.
About Mutual of Omaha Bank
Mutual of Omaha Bank is a full-service bank, providing financial solutions to individuals and businesses across the United States. With nearly $7 billion in assets, Mutual of Omaha Bank is a subsidiary of Mutual of Omaha, a highly rated Fortune 500 insurance and financial services company founded in 1909. To learn more about Mutual of Omaha Bank, visit www.mutualofomahabank.com.