Springboard Announces Grant from Chase to Increase Financial Literacy; Grant is Part of Chase's Three-Year $3.9 Million Commitment to Encourage Financial Education and Awareness

Riverside, CA (PRWEB) June 23, 2007

Springboard Nonprofit Consumer Credit Management announced today it will receive a grant from Chase Card Services, the credit card division of JPMorgan Chase & Co. (NYSE: JPM). Springboard plans to use the grant to assist low and moderate income consumers with the fees associated with credit counseling and education requirements under the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA).

The donation from Chase will help offset the costs associated with providing credit counseling and the required personal financial management instructional course mandated by BAPCPA to low and moderate-income consumers. Springboard provides these services at a reduced cost or waives the fee for consumers with demonstrated financial hardships who lack the ability to pay.

"We're thrilled to partner with Chase to bring these important financial literacy programs to our community," said Springboard president and dhief executive officer, Todd Emerson. "Chase's contribution will help make a real difference in promoting financial responsibility."

Chase's Financial Literacy Grant Program is in its second year. Chase provided $1.3 million in funding in 2006, which is followed by $1.3 million in funding this year and an additional $1.3 million in 2008. The new nationwide program is part of Chase's multi-million dollar commitment to supporting financial literacy for people of all ages.

"Chase has a long-standing commitment to help consumers with financial planning and education," said Jeff Courtney, senior vice president, Customer Support Division, Chase Card Services. "Our Financial Literacy Grant Program is designed to make a positive impact and encourage a lifetime of financial health."

Springboard offers free confidential counseling and education to consumers nationwide. For more information on their services, or to talk to a counselor, call 800-WISE PLAN (800-947-3752), or visit http://www.credit.org.

Additional information about Chase and its financial literacy resources can be found at http://www.chase.com.

About Springboard Nonprofit Consumer Credit Management
Springboard is a nonprofit credit education and financial counseling organization founded in 1974. The agency offers personal financial education and assistance with money, credit and debt management through confidential counseling. Springboard is accredited by the Council on Accreditation, signifying the highest standards for agency governance, fiscal integrity, counselor certification and service delivery policies. The agency provides pre-bankruptcy credit counseling and debtor education as mandated by the bankruptcy reform law. Springboard is a HUD approved housing counseling agency and a member of the National Foundation for Credit Counseling, a national organization of nonprofit credit counseling agencies. The agency has several locations in California and offers face-to-face and nationwide phone counseling services. For more information on Springboard, call 1-800 WISE PLAN (1-800-947-3752) ext. 750 or visit their web site at http://www.credit.org

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries. The company has more than 140 million credit cards issued. Under the JPMorgan and Chase brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available at http://www.jpmorganchase.com.

# # #