Encore Capital Group Expands Junior Achievement Partnership in the United States to Empower Youth Through Financial Education
23 April 2024 - 10:50PM
Encore Capital Group, Inc. (NASDAQ: ECPG), an international
specialty finance company, today announced that it has established
a partnership with Junior Achievement USA, the nation’s largest
organization dedicated to giving young people the knowledge and
skills they need to own their economic success, plan for the
future, and make smart academic and economic choices. This
partnership expands on Encore’s current relationship with the San
Diego Chapter of Junior Achievement.
Through this partnership, Encore will extend financial support
to additional local Junior Achievement chapters as well as donate
employee volunteer time. The company will support chapters in
locations where its U.S. subsidiary, Midland Credit Management
(MCM), operates, including Phoenix; Roanoke, Virginia; San Diego;
St. Cloud, Minnesota; and Troy, Michigan.
The announcement, which comes as Encore commemorates Financial
Literacy Month this April, is an extension of the company’s Mission
to help consumers create pathways to economic freedom. The
partnership also aligns with Encore’s community impact pillar of
promoting financial freedom by connecting people to the skills,
tools and resources they need to take control of their money and
responsibly manage debt.
“I’m extremely proud of Encore’s expanded partnership with
Junior Achievement USA, and thankful to their team for welcoming us
to support their vision in which young people have the skillset and
mindset to build thriving communities,” said Ashish Masih,
President and CEO of Encore. “I’m especially pleased with the way
this partnership grew from the passion of our colleagues who
volunteered their energy to show up for young people in our
communities. Our expanded partnership with Junior Achievement
connects us even more closely with our purpose by enriching young
people with vital financial educational resources to empower their
future.”
Prior to this new expanded partnership, Encore first started its
relationship with Junior Achievement through its San Diego chapter
in 2023 through financial contributions and a donation allowing
employees to use company time to volunteer with the organization.
Additionally, employees had previously volunteered with Junior
Achievement in some of their local chapters in organic efforts led
by Encore’s employee resource groups, such as the Black Employee
Network (BEN), and Encore’s Community Impact site leaders.
As part of this expanded partnership, Encore employee volunteers
will support the various Junior Achievement educational programming
efforts that equip elementary, middle, and high school students
with foundational personal finance skills.
“We at Junior Achievement know that financial literacy education
in schools can make all the difference toward young people
developing habits that lead to financial health later in life,”
said Jack Kosakowski, President and CEO of Junior Achievement USA.
“We greatly appreciate Encore’s investment in the financial health
of upcoming generations who will be better prepared to achieve
their potential as a result.”
Junior Achievement’s positive impact on young people is borne
out by data. Research shows that their organization’s alumni are
more likely to have a college degree, feel confident managing
money, have career success, and have started a business as an
adult.
About Encore Capital Group, Inc.Encore Capital
Group is an international specialty finance company that provides
debt recovery solutions and other related services for consumers
across a broad range of financial assets. Through its businesses
around the globe, Encore purchases or services portfolios of
receivables from major banks, credit unions and utility
providers.
Encore partners with individuals as they repay their debt
obligations, helping them on the road to financial recovery and
ultimately improving their economic well-being. Encore is the first
and only company of its kind to operate with a Consumer Bill of
Rights that provides industry-leading commitments to consumers.
Headquartered in San Diego, Calif., Encore is a publicly traded
NASDAQ Global Select company (ticker symbol: ECPG) and a component
stock of the Russell 2000, the S&P Small Cap 600 and the
Wilshire 4500. More information about the company can be found at
https://www.encorecapital.com.
About Junior AchievementJunior Achievement is
the world's largest organization dedicated to giving young people
the knowledge and skills they need to own their economic success,
plan for their future, and make smart academic and economic
choices. JA learning experiences are delivered by corporate and
community volunteers and provide relevant, hands-on experiences
that give students from kindergarten through high school knowledge
and skills in financial literacy, work readiness, and
entrepreneurship. Additionally, Junior Achievement is expanding its
reach to 18-to-25-year-olds to provide young adults with critical
life skills, as well as to pre-K youth to ensure children get a
solid head start. Today, JA reaches more than 4.4 million students
per year in 102 markets across the United States as part of 12.5
million students served by operations in more than 100 other
countries worldwide. Junior Achievement USA is a member of JA
Worldwide. For more information, visit www.ja.org.
ContactEloisa OrozcoDirector, Corporate
Communications and ESGEncore Capital
Grouppress@encorecapital.com
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