WHAT WE DO:
The Federal Deposit Insurance Corporation (FDIC) maintains stability and public confidence in the nation's financial system by insuring deposits, examining and supervising financial institutions, and managing receiverships. The FDIC participates in a variety of activities to foster initiatives and promote partnerships that create positive banking relationships for consumers. The agency also recognizes the importance of financial education as an integral part of its main mission.
WHAT WE OFFER:
Recognizing the importance of financial education, the FDIC in 2001 introduced Money Smart, a financial education program, to help consumers learn the benefits of saving money and effectively managing credit. Money Smart was completely updated and enhanced in 2006. The curriculum includes a computer-based instruction version for self-paced education and an instructor-led version for those who plan to teach adults in English, Spanish, Chinese, Korean, Vietnamese or Russian. The agency also publishes Money Smart News, a quarterly online financial education newsletter from the FDIC. For more information about Money Smart or Money Smart News, start at www.fdic.gov/consumers/consumer/moneysmart/index.html.
FDIC Consumer News
WHAT WE NEED:
The FDIC works diligently to form alliances with educators, financial institutions, not-for-profit organizations, community-based groups, and others to promote the delivery of financial education. For more information, go to www.fdic.gov/consumers/consumer/moneysmart/members/index.html.
Money Smart for Young Adults
In April of 2008, the FDIC released a version of the Money Smart curriculum for ages 12-20. Money Smart for Young Adults is free and aligned with state educational standards, as well as Jump$tart financial education standards. It consists of eight instructor-led modules, each of which includes a fully scripted instructor guide, participant guide and overhead slides. The materials also include an optional computer-based scenario that allows students to complete realistic exercises based on each module. The curriculum can be used by professional educators as well as informal instructors. It is based on the adult curriculum that can bring proven results in the financial practices of graduates. To order a CD containing the new Money Smart for Young Adults curriculum, go to www.fdic.gov/consumers/consumer/moneysmart/young.html.
FDIC Chairman's Award for Innovation in Financial Education
In commemorating the FDIC's 75th anniversary, Chairman Sheila C. Bair has announced an education campaign to help raise consumer awareness of deposit insurance limits and emphasize the importance of asset building and financial education. The campaign includes an award program for outstanding work in financial education. The awards will recognize six people or organizations (one from each FDIC region) for innovation in financial education. The awards program will also highlight best practices that others can model to increase financial literacy in their own communities. The FDIC will accept nominations through October 31, 2008. For more information about the new award for educators, see www.fdic.gov/anniversary/awards.html.
Luke W. Reynolds
Jump$tart Coalition for Personal Financial Literacy