Alabama Black Belt Alliance for Economic Inclusion
The Alabama Black Belt AEI, covering 21 counties, has over 120 members. This AEI initiative is chaired by the Alabama Asset Building Coalition, and partners include financial institutions, federal, state and local government entities, and community organizations. The AEI facilitates broad-based coalitions in the Alabama Black Belt geography to bring unbanked and underbanked populations into the financial mainstream.
The Alabama Black Belt AEI aspires to deliver and support valuable financial education programs and resources, and encourage access to basic retail financial services for underserved populations, including affordable and safe deposit products, children’s savings accounts, and small dollar loan programs. The AEI aims to advance and strengthen the financial capability of households, inspire insured financial institutions to use practical solutions in serving the financial needs of emerging micro-entrepreneurs and small businesses, and encourage community development through affordable and responsible mortgage loan products.
Thomas E. Stokes
Regional Manager, Community Affairs