As of June 30, 2004, the FDIC had delivered over 129,000 copies of Money Smart to financial institutions, community groups, and agencies across the country. More than 100,000 people have taken Money Smart classes; in addition, over 14,000 new banking relationships have been established.
The FDIC has also set up the Money Smart Alliance Program for those organizations wishing to sign an agreement with the FDIC to promote Money Smart. Since the Money Smart Alliance Program was announced by Chairman Powell in June 2002, the number of local Alliance Partners has grown to more than 900.
In many cases, these organizations have a presence in a number of states or nationwide. These Alliance Partners sign national Partnership Agreements to deliver the Money Smart curriculum throughout their constituency and to track the results of their programs. A total of twenty-three national agreements have been reached with the following organizations: U.S. Department of Labor; U.S. Department of Housing and Urban Development; the Internal Revenue Service; the U.S. Department of Defense; the Association of Military Banks of America; Opportunities Industrialization Centers of America, Inc.; Operation Hope; National Coalition for Asian Pacific Community Development; Neighborhood Reinvestment Corporation; Independent Community Bankers of America; National Bankers Association; Office of the White House Initiative on Asian American and Pacific Islanders; Wachovia Corporation; Goodwill Industries International Inc.; Women in Housing and Finance Foundation; Americas Community Bankers; Conference of State Bank Supervisors; American Bankers Association; National Image, Inc.; U.S. Department of Agriculture/Rural Development; Blacks In Government; the National Disability Institute; and the NCB Development Corporation (nonprofit affiliate of National Cooperative Bank).
In addition, since the April 2004 issue of Money Smart News, Partnership Agreements have been signed with:
- The Urban Financial Services Coalition
- U.S. Bank, N.A.
- Federal Bureau of Prisons
All our partners and Alliance members 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 securing a better future for themselves and their families.
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