A new initiative will raise vital funds to help Father Chris Riley’s Youth Off The Streets’ programs keep young people out of crisis and away from danger.
In a first for both organisations, the Greater will donate $2 to Youth Off The Streets every time someone opens one of its Life Saver youth banking accounts. The aim of the partnership is to raise $10,000 for Youth Off The Streets.
Youth Off The Streets founder and CEO Father Chris Riley said the partnership had great synergy because it was all about helping young people unlock their full potential. Father Riley said the money raised will go toward our outreach and educational programs that help disadvantaged young people.
He said currently, one in six young Australians live in poverty.
“The level of poverty is unacceptable and the only way to break the cycle of poverty is through education,” Father Riley said.
“Getting young people to learn the value of money and to save for a better life is something that we try to teach the young people we work with,” he said.
Generous corporate supporters, like the Greater Building Society allow us to help more and more young people break free from this cycle.”
The Greater’s CEO, Scott Morgan, said The Greater was continuing to support the great work done by Youth Off The Streets while also helping other young people in the community to develop good savings habits without the burden of paying fees.
“As a customer owned banking organisation we like to make our products and profits work for customers and the community,” Mr Morgan said.
“When you open a Life Saver account you will not only be helping your child to learn the value of saving but you will also be giving another young person a better future,” he said.
Youth Off The Streets is already a partner of the Greater’s Charitable Foundation. The Foundation has committed over $280,000 in funding over two years (2014 and 2015) for early intervention programs in the Hunter Valley. The Foundation was established by The Greater and is funded from its profits.
Youth Off The Streets is a non-denominational community organisation working for young people aged 12-25 who are facing challenges of homelessness, drug and alcohol dependency, exclusion from school, neglect and abuse.
The Greater’s LifeSaver youth banking account pays high interest (currently 3.50%) provided the account balance grows each month. Once parents or grandparents are comfortable with the child operating the account themselves they can link it to a Greater everyday account to enjoy transaction and account keeping fee free banking until they are aged 25.