Unbanked, unchurched, unlearned

Greetings:

The link below opens an executive summary prepared by the FDIC, pursuant to an act of Congress to document and to develop programs to deal with persons known as "the unbanked" and "the underbanked."

It was just released to the public within the past week.

This timely and informative report may afford an opportunity for the application of Esusu, in conjunction with the extension of the R3 model, reaching also, thereby, "the unchurched," and "the unlearned."

At our December 18, 2009, meeting we must address its application. 'Tis the season!

There's even a listing of a participating Kansas City Bank with whom we may partner.

More broadly, this report may be of value to persons in other cities with similar interests. Please share.

"Whoever is not with me is against me, and whoever does not gather with me scatters." Luke 11:23

Much Love,
Larry D. Coleman, Esq.
larryslibrary@blogspot.com


http://www.fdic.gov/unbankedsurveys/unbankedstudy/FDICBankSurvey_ExecSummary.pdf


Central Bank of Kansas City, Kansas City, MO (Total assets: $165 million)
Central Bank of Kansas City (CBKC) is a Community Development Financial Institution (CDFI) that works to develop
products to serve the unbanked and underserved. CBKC is committed to achieving its goal of developing programs that
resonate with and deliver value to the community. As a result, the bank has created more effective approaches, including
its payroll card program for low income employees and participation in wider community events for educational outreach,
informed by past experiences and continued insight into its dynamic market.

EXHIBIT 2
FDIC Activities to Encourage Economic Inclusion
The FDIC’s Advisory Committee on Economic Inclusion (ComE-IN) was established by Chairman Sheila C. Bair and
the FDIC Board of Directors in November 2006 pursuant to the Federal Advisory Committee Act. The mission of the
Committee is to provide the FDIC with advice and recommendations on important initiatives focused on expanding
access to banking services by underserved populations. This may include reviewing basic retail financial services such as
check cashing, money orders, remittances, stored value cards, short-term loans, savings accounts, and other services that
promote asset accumulation by individuals and financial stability.

The FDIC’s Alliance for Economic Inclusion (AEI) is the FDIC’s national initiative to establish broad-based coalitions
of financial institutions, community-based organizations and other partners in ten markets across the country to bring all
unbanked and underserved populations into the financial mainstream. AEI focuses on expanding basic retail financial
services for underserved populations, including savings accounts, affordable remittance products, small-dollar loan
programs, targeted financial education programs, alternative delivery channels and other asset-building programs. To
date, 952 banks and organizations have joined AEI nationwide; more than 65,000 new bank accounts have been opened;
45 banks are in the process of offering or developing small-dollar loans; 33 banks are offering remittance products; and
more than 61,000 consumers have been provided financial education.

The FDIC’s Affordable and Responsible Consumer Credit (ARC) small dollar loan pilot program is a two-year pilot
project to review affordable and responsible small-dollar loan programs in financial institutions. The purpose of the study
is to identify effective and replicable business practices to help banks incorporate affordable small-dollar loans into their
other mainstream banking services. Best practices resulting from the pilot will be identified and become a resource for
other institutions.

The FDIC’s Money Smart financial education curriculum is designed to help individuals outside the financial mainstream
enhance their money skills and create positive banking relationships. The FDIC also oversees the Money Smart
Alliance, which consists of over 1,500 financial institutions, nonprofit organizations, schools, government authorities and
others that partner with the FDIC to provide financial education targeted to LMI households and others.