#53: It’s National Financial Capability Month…Where Do I Begin?

April 1st marked the start of National Financial Capability Month, a month during which organizations (especially financial institutions!) across the country focus on supporting programs that expand financial literacy, economic empowerment, and access to capital and credit for all consumers. You might be asking, “As a bank, what can we do to build financial capability in our community?” Luckily, there are many pre-existing resources just waiting for you to use! Here are a few:• FDIC’s Money Smart – Consider this the Swiss army knife of financial capability resources. It provides a range of curriculum options tailored for young people (K-12), young adults (12-20), adults, older adults, and even small businesses. Note that some modules are long (2+ hours); adapt them in partnership with the nonprofit to best suit the needs & interests of your audience and to fall within time constraints.https://www.fdic.gov/resources/consumers/money-smart/index.html• The Federal Reserve Bank of Dallas’s Building Wealth – A 5-module curriculum available in multiple formats. https://www.dallasfed.org/~/media/microsites/cd/wealth/index.html• Consumer Financial Protection Bureau – Pull together educational tools for key financial decisions, search their database of 270 financial literacy activities for youth, or download publications for youth and adults available in PDF or print format.https://www.consumerfinance.gov/• American Bankers Association – ABA has various ready-to-teach presentations and activities in connection with their various community programs, such as Get Smart About Credit, Teach Children to Save, and Safe Banking for Seniors. ​​https://www.aba.com/For a comprehensive list of useful financial literacy resources, issues, and events, visit the OCC’s Financial Literacy Resource Directory.occ.gov/topics/consumers-and-communities/community-affairs/resource-directories/financial-literacy/index-financial-literacy-resource-directory.htmlCRA Today helps bankers master the Community Reinvestment Act, get exam ready, and change lives through the power of community development.Want to learn the CRA basics? Sign up for CRA Essentials Live! A live webinar with Linda Ezuka that shares everything you need to create a solid foundation for your CRA journey. https://hub.cratoday.com/freewebinarReady to take a deeper dive into the CRA? Join your fellow CRA enthusiasts in the CRA Hub as we navigate regulatory change, study core CRA concepts and connect as community development professionals across the nation.https://cratoday.com/hub/Are you understating your lending performance? Learn the 5 Foundational Steps to Building an Outstanding Community Development Loan Portfolio with an on-demand training workshop.https://cratoday.com/blueprint/CRA Today Website: https://cratoday.com/ Linda Ezuka, LinkedIn https://www.linkedin.com/in/linda-ezuka-cra-today/Copyright © 2022 by CRA Today LLC(No claim to original U.S. government material)All rights reserved. No part of this podcast may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.This podcast is a periodic publication of CRA Today LLC and is intended to notify and inspire recipients of new developments in the Community Reinvestment Act. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.Podcast production and show notes provided by HiveCast.fm