Money Smart Press Releases U.S. Bank, N.A. Joins FDICs Money Smart Alliance Program
FOR IMMEDIATE RELEASE MS-12-2004 (7-16-2004)
Media Contact: David Barr (202) 898-6992
The Federal Deposit Insurance Corporation (FDIC) today announced that U.S. Bank, N.A. (U.S. Bank) has joined its Money Smart Alliance Program. U.S. Bank is part of U.S. Bancorp, the eighth largest financial services holding company in the United States. U.S. Bancorp has offices in 24 states and $189 billion in assets.
U.S. Bank will incorporate the Money Smart curriculum into its Financial Education Curriculum Library, which is used by U.S. Bank Community Development Managers in the 24 states in which the bank operates. Through an employee volunteer program, U.S. Bank employees will deliver financial education seminars in their communities. Community partners will also be invited to join employee volunteers in delivering financial education programs to low- and moderate-income families and individuals.
Financial education is the key to helping people achieve their economic dreams, said FDIC Chairman Don Powell. Financial institutions like U.S. Bank are uniquely positioned in the marketplace to deliver financial education programs and help individuals learn to manage their financial resources. We welcome U.S. Bank as our newest Money Smart Alliance Partner.
U.S. Bank is very committed to helping people understand how to access funds and credit, how to establish a positive financial history, and how important savings and money management are to their future, said Lisa Glover, Vice President, U.S. Bank. We look forward to working with the FDIC to expand the distribution of the Money Smart curriculum in our market areas.
The FDIC developed the Money Smart financial education program to help low- and moderate-income adults understand basic financial services, develop money management skills, and learn how to use banking services effectively. Money Smart is available from the FDIC in English, Spanish, Chinese, Korean and Vietnamese and is free of charge to the user.
Instructions for obtaining copies of the curriculum can be found by clicking on the Money Smart link at www.fdic.gov, or by calling (202) 942-3404.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nations banking system. The FDIC insures deposits at the nations 9,116 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov or through the FDIC's Public Info rmation Center (877-275-3342 or 202-416-6940).