FDIC launches al­liance in North­east­ern Ok­la­homa

The Pak Banker - - Front Page -

WASH­ING­TON

The Fed­eral De­posit In­sur­ance Cor­po­ra­tion (FDIC) to­day launched an Al­liance for Eco­nomic In­clu­sion (AEI) ini­tia­tive in North­east­ern Ok­la­homa in part­ner­ship with the Greater Tulsa United Way, tribal, state and fed­eral agen­cies, fi­nan­cial in­sti­tu­tions, and community-based stake­hold­ers.

The FDIC is pleased to join this di­verse set of community part­ners to build fi­nan­cial know-how and to in­crease ac­cess to fi­nan­cial ser­vices re­spon­sive to the needs of peo­ple in north­east­ern Ok­la­homa, said Mark Pearce, Di­rec­tor of the FDIC Division of De­pos­i­tor and Con­sumer Pro­tec­tion. A col­lab­o­ra­tion that weaves to­gether the strengths of community fi­nan­cial in­sti­tu­tions, tribal nations, non-prof­its, gov­ern­ment agen­cies, and other lo­cal lead­ers can do much to pro­mote the eco­nomic vi­tal­ity of the com­mu­ni­ties in this area and to strengthen the fi­nan­cial sta­bil­ity of the fam­i­lies who live here.

United Way Vice Pres­i­dent of Community In­vest­ments, Sharon Gal­lagher said fi­nan­cial sta­bil­ity is the bedrock of community vi­tal­ity. I com­mend the FDIC for bring­ing the AEI to north­east­ern Ok­la­homa.

Hav­ing the FDIC in­ter­ested in the fi­nan­cial needs of the fam­i­lies, small busi­nesses and tribal nations in these com­mu­ni­ties speaks vol­umes and helps to pro­vide a path­way to ac­cess bank­ing and other fi­nan­cial ser­vices.

The United Way is look­ing for­ward to work­ing with the FDIC and our new AEI part­ners in this ef­fort. This AEI will fo­cus on en­hanc­ing con­sumer fi­nan­cial sta­bil­ity through fi­nan­cial ed­u­ca­tion and ac­cess to ap­pro­pri­ate credit and de­posit ser­vices; the tech­ni­cal ex­per­tise and cap­i­tal needed by small busi­nesses to pros­per and grow; and the fi­nan­cial needs of Na­tive Amer­i­can pop­u­la­tions and their tribes as iden­ti­fied by the lead­er­ship of the tribal gov­ern­ments.

Through struc­tured com­mit­tees and work­ing groups, AEI mem­bers will de­velop and im­ple­ment strate­gies to en­hance ex­ist­ing re­sources and in­crease ca­pac­ity to fill iden­ti­fied needs.

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