ENCINO, Calif. – December 11, 2009 – California United Bank (OTCBB: CUNB) employees will participate in a financial empowerment seminar for about 200 Los Angeles high school students at 10 a.m. on Saturday, December 12 in downtown Los Angeles.
Save Yourself: Community Resources Open House is part of the Bank on LA campaign sponsored by the City of Los Angeles. Conducted in partnership with the Community Financial Resource Center, the four-hour event is designed to raise awareness about the benefits of banking and to direct participants to responsible financial institutions in their community. Attendees will learn about various consumer finance concepts, have the opportunity to sign up for checking and savings accounts, sign up for free beginner computer classes and obtain information on child care, unemployment and other programs for low- and middle-income families in Los Angeles.
“Improving the lives of others in our region is at the foundation of CUB’s mission,” said David Rainer, Chairman, President and Chief Executive Officer of California United Bank. “By participating in Bank on LA, we are empowering residents to make financial decisions that will positively affect them for decades to come. That in itself is a powerful responsibility and our privilege as members of this community.”
CUB will make a presentation to local residents that will focus on financial education. General concepts will include banking, budgeting and money management, consumer awareness, credit, investing and savings. Employees will also address specific issues such as credit scores, identity theft, the importance of budgeting, the risks of using alternatives to traditional banking services, emergency funds, interest, and general investment products such as certificates of deposit, mutual funds and stocks.
The event, conducted in English and Spanish, will be held at the CFRC’s office at 4060 S. Figueroa St. in Los Angeles and will also include a light lunch.
About Community Financial Resource Center
The Los Angeles Community Reinvestment Committee, d.b.a. Community Financial Resource Center (CFRC) is a non-profit 501 C-3 Community Development Financial Institution (CDFI) dedicated to providing low-cost financial services and counseling for residents and businesses in low and moderate income communities of Los Angeles County. The mission of CFRC is to create and enhance the economic wealth and capacity of the residents and businesses in disinvested areas of Los Angeles by delivering quality community development programs and facilitating collaborative efforts among business, the community and government. CFRC is recognized as the finest provider of wealth creation tools to historically under-served residents and small business owners. For more information, please visit www.cfrc.net.
About California United Bank
California United Bank provides a full range of financial services, including credit and deposit products, cash management, and Internet banking for businesses and high net worth individuals. The Bank operates from its headquarters office at 15821 Ventura Boulevard, Suite 100, Encino, CA 91436; West Los Angeles Regional Office at 1640 South Sepulveda Boulevard, Suite 114, Los Angeles, CA 90025; Santa Clarita Valley Regional Office at 25350 Magic Mountain Parkway, Suite 100, Valencia, CA 91355; Conejo Valley Loan Production Office at 4333 Park Terrace Drive, Suite 215, Westlake Village, CA 91361 and South Bay Loan Production Office at 1025 W. 190th Street, Suite 225, Gardena, CA 90248. Information on products and services may be obtained by calling (818) 257-7700 or visiting the Bank’s website at www.californiaunitedbank.com.
Contact:
David I. Rainer, President and CEO, 818-257-7776
Andrew Greenebaum, 310-829-5400
andrewg@addocommunications.com
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