FDIC’s Money Smart Program

Money Smart is a comprehensive financial education curriculum designed to help low- and moderate-income individuals outside the financial mainstream enhance their financial skills and create positive banking relationships. Money Smart has reached over 2.75 million consumers since 2001. Research shows that the curriculum can positively influence how consumers manage their finances, and these changes are sustainable in the months after the training.

Financial education fosters financial stability for individuals, families, and entire communities. The more people know about credit and banking services, the more likely they are to increase savings, buy homes, and improve their financial health and well-being.

Concerted Services sponsors several Money Smart Classes within our 18 county services area throughout the year. It is offered as a classroom experience to low-income participants who do not have a savings account. All who participate must be CSBG Income Eligible (up to 125% of Federal Poverty) and be 18 years old or older. We will accept only one person per household. The Money Smart Program will be offered as a 13-week course with up to 20 spots for each class. The availability for each course will be offered on a first come, first served basis.

Our next courses will be offered in Coffee and Tattnall Counties. Contact your local CSI Service Center for more information.

If you are a financial institution and would like more information on partnership opportunities, click “view page” in the section below.

Program Description taken from FDIC Website at www.fdic.gov.

Financial Institution Partners

The Money Smart program is used by financial institutions and other organizations interested in sponsoring financial education workshops. Collaboration is important to the success of any education effort. The FDIC encourages banks to work with others in their communities to deliver financial education and appropriate financial services, including to individuals who may not have a relationship with an insured depository institution.

The Money Smart program can help banks fulfill part of their Community Reinvestment Act obligations. The Community Reinvestment Act of 1977 (CRA) encourages federally insured banks and thrifts to help meet the credit needs of their entire community, including areas of low-and moderate-income. When a bank’s CRA performance is reviewed, the institution’s efforts to provide financial education and other retail services are a positive consideration.

Concerted Services offers several partnering options to financial institutions who are interested in developing their community’s financial health and education. For more information contact Ilona Nagy at inagy@concertedservices.org.

Program Description taken from FDIC Website at www.fdic.gov.

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