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ICBA Signs Agreement with FDIC for Money Smart for Small Businesses Program

 

December 19, 2012 --

Washington, DC (PRWEB) December 19, 2012

The Independent Community Bankers of America announced today that the association has signed an agreement with the Federal Deposit Insurance Corp. to promote its Money Smart for Small Business financial education program, which helps teach entrepreneurs the basics of organizing and managing a business. As part of the agreement, ICBA will continue to make its members aware of this free programfurthering ICBAs commitment to financial literacy among community bank customers.

The Money Smart for Small Business financial program is yet another tool that community bankers can offer their small business customers to help them successfully manage their business, said Terry Jorde, ICBA senior executive vice president and chief of staff. Community banks continue to be prolific small business lenders, with banks under $10 billion making about 60 percent of all small business loans under $100,000, so having additional resources for our customers is a win-win. We thank the FDIC for considering the needs of small business owners and creating this program specifically for them.

FDICs Money Smart for Small Business program is a complimentary educational program designed to help educate new or existing small business owners. Money Smart has 10 training modules, including tax planning and reporting, banking services available for small businesses and financial management, and it is available in Spanish.


ICBA has been using Money Smart and involved with FDICs program since November 2002.

For additional information on the Money Smart curriculum, visit http://www.fdic.gov/moneysmart.

About ICBA
The Independent Community Bankers of America®, the nations voice for more than 7,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit http://www.icba.org.

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