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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Austin Alliance for Economic Inclusion

The Austin AEI engages representatives of over 200 financial institutions, community organizations, small business support organizations, faith-based organizations, state and local government agencies, community stakeholders and federal bank regulators. The Austin AEI covers the Austin-Round Rock-San Marcos Metropolitan Statistical Area (MSA) and the principal cites of Austin, Round Rock, Georgetown, Leander, Jollyville, Bastrop, Pflugerville, Del Valle, Garfield, Jonestown, Lago Vista, Lakeway, Manchaca, Manor, Rollingwood, and West Lake Hills.

The Austin AEI seeks to improve the financial capability of consumers, especially those of low- to moderate-income, and move them into the financial mainstream. The AEI model encourages development of basic, competitively priced financial products and services including checking and savings accounts, remittance products, small dollar loans with the provision of targeted financial education, technical assistance and other asset building programs.

The Austin AEI has three standing committees: Access, Financial Education, and Communication/Membership; and three working groups: Small Business, Affordable Housing, and Credit Building. An Advisory Council plans the quarterly meetings and supports the work of the Committees and other initiatives. Working Groups take on particular opportunities, such as solving the financial products and education needs in the Rosewood Choice Neighborhood project area (Austin’s East Side). Other projects include The Jobs Plus Program, Small Business Forums, Affordable Housing Forums and Credit Building Workshops. Members can get involved with the AEI by attending a quarterly meeting or volunteering to serve on committee.


Contact:

Eloy Villafranca
Regional Manager, Community Affairs
Dallas Region
(972) 761-8010
DALCommunityAffairs@fdic.gov

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