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ICBA Partners with Visa to Promote Financial Literacy among Students, Teachers

Programs Offer Students Range of Activities to Build Financial Education

Honolulu (March 5, 2007)—The Independent Community Bankers of America (ICBA) and Visa USA launched a new joint program that gives community banks the ways and means to provide financial literacy programs aimed at teachers, parents, and elementary, high school and college students. The joint program features two main components: Practical Money Skills for Life and What's My Score.

"Working together, ICBA, community bankers and Visa provide powerful financial literacy tools for students to get a solid start and build a strong financial future," said Karen Tyson, ICBA senior vice president and director of communications, in announcing the availability of new web-based and printed financial literacy materials. "Discussing family finances, saving and spending can be difficult. The material provided as part of our new relationship with Visa enables community bankers to help parents and teachers get the conversation started."

"Community banks are all about serving their community and this program is one more way they can do that. ICBA is thrilled to be able to offer our community bank members a first-rate program to educate young people about their finances," Tyson said.

"Practical Money Skills is a broad financial education resource the heart of which is for students in K-12, but parents, and consumers can also benefit by using this program," said Jason Alderman, Visa's director of financial literacy. "For community bankers, this program is a soup-to-nuts way to launch a financial literacy program in their communities."

The second program, What's My Score, aims to promote understanding of credit scores among college students and young adults. "Grade point averages, GMATs and LSATs are not the only scores important to the futures of young adults," said Alderman. "Understanding credit scores, how they work and impact a person's ability to get an auto, home or business loan is equally important."

For additional information about both programs please visit www.icba.org or go directly to www.icba.practicalmoneyskills.com and www.icba.whatsmyscore.org.