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Money Smart Press Releases

NATIONAL IMAGE, INC. JOINS
FDIC'S MONEY SMART ALLIANCE PROGRAM

FOR IMMEDIATE RELEASE
MS-010-2003 (05-22-03)
Media Contact:
Rosemary George (202) 898-6530

The Federal Deposit Insurance Corporation (FDIC) today announced that National Image, Inc. has joined its Money Smart Alliance Program. The announcement was made by Donna Gambrell, Deputy Director of the FDIC's Division of Supervision and Consumer Protection (DSC), at an event held today at the National Image's 2003 Annual Conference in Hollywood, CA.

National Image, Inc. is a network of professionals dedicated to assisting the U.S. Hispanic community in the areas of employment, education and civil rights. Headquartered in Denver, CO, National Image has local chapters throughout the United States.

"The FDIC is proud to partner with National Image in making financial education a priority in strengthening the Hispanic community," said FDIC Chairman Don Powell. "Our Money Smart curriculum was translated into Spanish because we recognized the need to reach the fastest-growing minority group in the country. Money Smart is a valuable tool kit that can help low- and moderate-income individuals and families begin building a more secure financial future for themselves."

"National Image closely monitors the field of education in order to advise Hispanics of emerging trends leading to growth and advancement," said Albert S. Rocha, Chairman and Chief Executive Officer, National Image, Inc. "That is why we are pleased to join the FDIC's Money Smart Alliance Program. Working together, we will build stronger communities through the development of money management skills and provide individuals with the confidence to take control of their financial future."

As a Money Smart Alliance Partner, National Image will encourage its local chapters nationwide to adopt the Money Smart curriculum and will co-host local "Train the Trainer" sessions with the FDIC. In addition, National Image will make quarterly reports to the FDIC on local Money Smart classes and initiatives.

The FDIC developed the Money Smart program to help individuals enhance their money management skills, understand basic financial services and build their financial confidence to use banking services effectively. Money Smart is made up of 10 comprehensive, instructor-led modules covering basic financial topics, including an introduction to bank services, tips on obtaining credit and information on buying a home. The curriculum can be used in its entirety or in part, using selected modules to complement other existing financial programs. Money Smart is available from the FDIC in English, Spanish and Chinese and is free of charge to the user. To encourage wide dissemination, the curriculum is designed to be easily reproduced and has no copyright restrictions.

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 nation's banking system. The FDIC insures deposits at the nation's 9,354 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 Information Center (800-276-6003 or 202-416-6940).

Last Updated 05/21/2003 communications@fdic.gov