Partnership adds financial support and expands volunteer opportunities across Encore's U.S. locations
SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) — Encore Capital Group (NASDAQ: ECPG), an international specialty finance company, today announced that it has established a partnership with Junior Achievement USA, the nation's largest professional organization. announced. We provide young people with the knowledge and skills they need to achieve financial success, plan for the future, and make wise academic and financial 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 branches 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 comes as Encore commemorates Financial Literacy Month this April and is an extension of the company's mission to help consumers build a path to financial freedom. This partnership also represents a pillar of Encore's community impact in promoting financial freedom by connecting people with the skills, tools and resources they need to manage money and responsibly manage debt. Match.
“I am very proud of Encore’s expanded partnership with Junior Achievement USA and to support their vision of equipping young people with the skill sets and mindsets to build thriving communities. We are grateful to their team for welcoming us,” said Ashish Masi, President and CEO of Encore. Encore. “I am particularly pleased that this partnership grew out of the passion of my colleagues who generously dedicated their energies to the youth of our community. Our expanded partnership with Junior Achievement will help us empower our young people’s futures.” By providing critical financial and educational resources that empower students, we can move closer to that goal.”
Prior to the expansion of this new partnership, Encore first began a relationship with Junior Achievement through its San Diego chapter in 2023 through funding and donations that allow employees to use their company time to volunteer with the organization. . Additionally, employees have previously volunteered with Junior Achievement in select local chapters in organic efforts led by Encore's employee resource groups, including the Black Employee Network (BEN) and Encore's Community Impact Site Leaders. I was there.
As part of this expanded partnership, Encore employee volunteers will support a variety of Junior Achievement educational programming efforts that equip elementary, middle school, and high school students with basic personal finance skills.
“At Junior Achievement USA, we believe that financial literacy education in schools helps young people develop habits that will lead to future financial health,” said Jack Kosakowski, President and CEO of Junior Achievement USA. “We know that it can make a big difference in how people are treated.” “We are extremely grateful for Encore’s investment in the financial health of the next generation, who will, as a result, be better prepared to reach their full potential.”
Data supports Junior Achievement's positive impact on young people. Research shows that the organization's graduates are more likely to earn a college degree, feel confident managing money, succeed in their careers, and start a business as adults.
About Encore Capital Group Co., Ltd.
Encore Capital Group is an international specialty finance company that provides consumers with debt collection solutions and other related services across a wide range of financial assets. Through its operations around the world, Encore purchases or services portfolios of receivables from major banks, credit unions and utilities.
Encore partners with individuals as they pay down their debts, supporting them on their path to financial recovery and ultimately improving their financial well-being. Encore is the first and only company of its kind to operate under the Consumer Bill of Rights, providing consumers with industry-leading commitments. Headquartered in San Diego, California, Encore is a NASDAQ Global Select company (ticker symbol: ECPG) and a component of the Russell 2000, S&P Small Cap 600, and Wilshire 4500. Learn more about the company here. At https://www.encorecapital.com.
About Junior Achievement
Junior Achievement is the world's largest organization dedicated to providing young people with the knowledge and skills they need to achieve financial success, plan for the future, and make smart academic and financial choices. . JA learning experiences are provided by corporate and community volunteers and provide relevant, hands-on experiences that provide knowledge and skills in financial literacy, work readiness, and entrepreneurship for students in kindergarten through high school. To do. In addition, Junior Achievement has expanded its reach from the ages of 18 to 25 to provide young people with important life skills, as well as expanding its reach to pre-school youth to ensure children get a head start. is also applied. Today, JA serves more than 4.4 million students annually in 102 markets across the United States, part of a global population of 12.5 million students in more than 100 countries. Junior Achievement USA is a member of JA Worldwide. For more information, please visit www.ja.org.
contact
Eloisa Orozco
Director of Corporate Communications and ESG
encore capital group
press@encorecapital.com
