America Saves Week aims to raise awareness of the need to save money, reduce debt and build wealth. This is a great opportunity for families to take action by starting a savings account and the habit of savings. For more information on the week, including how to create and commit to a basic savings plan, access http://www.americasavesweek.org.
FDIC exhibited a table and conducted a workshop presentation on ID Theft for Money Expo 2014 in Atlanta, Georgia.
The FDIC hosted a national webinar for financial institutions to encourage them to organize and implement the America Saves Week and encourage consumers to save. It highlighted two sets of federally coordinated programs that provide local opportunities throughout the country for banks to work with to promote the week year round. The panel consisted of a speaker from America Saves, the Internal Revenue Service (to discuss opportunities to work with VITA sites to promote savings), and a representative of the Department of Labor who highlighted their employment programs as another such opportunity.
FDIC hosted an internet briefing for Indiana banks, community organizations and local government about how to participate in America Saves. A representative from America Saves provided information about helping Hoosiers learn the importance of saving and encouraging more individuals to build wealth.
FDIC will host a community forum to help expand the work of the First Time Savers Pilot in Indianapolis. Indy Saves and America Saves representatives wil share best practices from the Pilot and give participants an opportunity to discuss implementing the program within their organizations.
The New York Regional office of the FDIC will host a webinar in support of America Saves Week 2014 for community and faith-based organizations, academic institutions, chambers of commerce and small business associations, municipal governments and major employers in the New York region. Presenters from the Consumer Federation of America will discuss the importance of saving and provide information about resources available to assist local campaigns. Presenters from local America Saves campaigns within the New York region will highlight strategies they employ to encourage savings in conjunction with America Saves Week.
Community Resource Day, organized by Northern New Jersey Saves, will offer free tax preparation and a matched savings component for low- and moderate-income individuals that use the VITA program and save a portion of their refund using the split refund option. In addition to income tax preparation, other services such as savings accounts, ITIN information, credit counseling and credit reports, financial mentoring, and enrollment assistance for subsidized health insurance will be offered free of charge. Partners include United Way of Northern New Jersey, FDIC, Legal Services of New Jersey, Consumer Credit Counseling Services of New Jersey, PNC Bank, D2D Fund, Cognosante (subsidized health insurance navigator), and Unitarian Universalist Congregation of Somerset Hills.
FDIC staff will moderate a panel on employer-based financial education for a field hearing in Birmingham, Alabama, for the Financial Literacy and Education Commission (FLEC).
FDIC Consumer News resources will be exhibited at the America Saves Week/Military Saves Week Expo in Hartford, CT. The Expo will feature exhibitor tables promoting such items as financial education programs, smart saving and investing, and budgeting.
February 24 - March 1
FDIC staff, through the Alliance for Economic Inclusion, will market the America Saves initiative at each site of Apprisen, a consumer credit counseling service in Kansas City, Missouri. Apprisen will teach two wealth building classes supporting KC Saves at Next Step KC VITA sites.