Since Money Smart was launched in 2001, the FDIC has distributed more than 236,000 copies (paper and CD-ROM versions) of Money Smart to financial institutions, community groups and agencies across the country. In addition, the FDIC has provided free training to nearly 10,000 instructors. More than 300,000 people have taken Money Smart classes and more than 40,000 new banking relationships have been established by Money Smart students.
The FDIC has also set up the Money Smart Alliance program for organizations that want to sign an agreement with the FDIC to promote Money Smart throughout their constituency. In many cases, these organizations have operations in a number of states or nationwide. Since the Money Smart Alliance Program was announced by Chairman Powell in June 2002, the number of national Alliance Partners has grown to 33 and the number of local Alliance Partners has climbed to more than 900.
Since the Summer 2005 issue of Money Smart News, 100 Black Men of America, Inc., has joined the FDIC's Money Smart Alliance program. This organization was created by a group of concerned African-American men about 40 years ago to help improve the quality of life for African-Americans and other minorities as well as their communities. Through its network of local mentoring and educational programs for youth, 100 Black Men of America, Inc., will provide the Money Smart financial education curriculum to about 100,000 young people.
All our partners are helping us meet our shared goal of helping low- and moderate-income Americans become "Money Smart" so they can establish healthy banking relationships, begin building assets, and secure a better future for themselves and their families.
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