Financial Literacy For TheUnderprivileged

ALBANY, N.Y. - (03/27/06) – Disabled individuals, thehomeless and disadvantaged children will receive free financialliteracy training under an innovative new program launched hereFriday by State Employees CU. The program, geared towardsdisadvantaged residents, will provide lessons in householdbudgeting, understanding credit reports, repaying debts, holding achecking account, payday loans, homeownership options, and othercritical financial skills. SEFCU has partnered with the New YorkState Office of Temporary and Disability Assistance and the AlbanyDepartment of Social Services to deliver the program, which isscheduled to start April 7. The program is specifically targetingchildren aging out of foster care, people evicted from their homes,Medicaid and Food Stamp recipients, grandparents caring for theirgrandchildren, and others lacking in basic bankingskills.