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Neighborhood Opportunities Corporation (NOC) is a non-profit affiliate of Bancorp. NOC's Financial Literacy Program serves low to
moderate-income communities in the San Diego area. This program helps
to build financial stability and encourages entrepreneurship and
sustainability.
In addition, this program helps new immigrants understand U.S. financial institutions and encourages sound financial management.
Program participants are residents of city communities that include
adult students, new immigrants, welfare to work populations and youths
at risk. A majority of the program participants are married couples
looking for safe and sound ways to manage their money, particularly
planning for home ownership and providing for the education of their
children.
As of the end of 2004, the total number of individuals that have
successfully completed this program was approximately 400. By the end
of 2006, NOC's alumni will consist of a minimum of 1,700 participants
in the San Diego area. Initially, seeded with a grant from NNB and
Bancorp, NOC has been self-sustaining through private and public monies garnered to support its educational efforts.
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