Capital One 2009 Annual Report Download - page 8

underserved neighborhoods and assisting with affordable housing, small business, workforce
training, asset and wealth building, financial education, and much more. A small sample of what
we have been doing:
 •WepartneredwithleadingcommunityorganizationsinCypressHills,Brooklyntocombine
our classic “neighborhood bank” experience with community development and philanthropic
services to create a force for positive
change. This branch’s impact has
been magnified by the local
financing we have provided for
affordable housing, matching grants
that encourage customers to save
for college, and the time devoted
by our volunteers to teach personal
finance, homeownership, and small
business management skills.
 •Weopenedstudent-runbranches
in high schools in New York City
and Newark. They have been
extraordinarily effective in teaching students how to manage their money, giving them
hands-on experience in banking, and building their confidence in themselves and in their
dreams for the future.
 •Becausesuccessfulsmallbusinessescreatejobsandvibrantneighborhoods,wehavefacilitated
courses in business management and made investments in loan funds resulting in hundreds
of micro-loans through partnerships with nonprofit organizations such as Seedco in New York
and ACCION in Texas. We also have collaborated with local colleges to develop New York
City’s first micro-business incubators for student entrepreneurs.
Capital One has always been a company where people roll up their sleeves and pitch in to get things
done. Our associates take that same entrepreneurial spirit to their community work. They are generous
with their time and their money, and they are involved in scores of nonprofit endeavors that focus
on economic development, education, and financial literacy. We have partnered with programs that
are turning school libraries into places that fire the imagination, helping at-risk teens stay in school,
and assisting charter schools. We continue to work with Junior Achievement® on Finance Park,
a miniature city where students learn the basics of personal finance through role play. Finance Park
has reached over 33,000 middle-school students across the country. And with Consumer Action, we
are providing financial education for teens and adults through the MoneyWi$e program, reaching
more than 3 million consumers so far.
In the Cypress Hills neighborhood of Brooklyn, we’re making
construction loans and extending lines of credit to help increase the
stock of affordable housing.
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