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Money Smart en  Espaņol

SunTrust Bank and the Nashville Area Hispanic Chamber of Commerce announces a Financial Literacy Program Partnership

 

 NASHVILLE, TN:  Nashville Area Hispanic Chamber of Commerce announced today a campaign, in conjunction with SunTrust Bank, to promote financial literacy and raise awareness among Nashville’s Hispanic population. “Today, nearly 40 million Hispanics reside in the United States,” said Tatia Cummings, Emerging Markets Coordinator at SunTrust.  “But half of that population—nearly 20 million Hispanics—do not have a basic bank account, and little or no understanding of how money works in our society.  Without this knowledge, they are deprived of the dream of building wealth or buying a home.  Financial education holds the key to financial independence, and we can help.” 

The month-long campaign will include classes using the Money Smart curriculum, designed by the FDIC, which has modules on banking, credit, budgeting, saving, credit cards, loans, home ownership, and more.  The classes begin November 8, 2005 and will run through December 13th.  The classes will take place as follows:

 

Wednesday, November  9   Basic Banking   -     5:00 pm- 6:00 pm

Tuesday, November 15      Pay Yourself First - 5:00 pm- 6:00 pm

Tuesday, December 6      Your own Home    -    5:00 pm- 6:00 pm

Tuesday, December 13   Business Banking    -  5:00 pm- 6:00 pm

 

“A collective effort is needed in order to help new populations in the process of accessing banking alternatives, an important ingredient to this process is education. But it is not only that, developing a trusting relationship with the community is also key. The NAHCC came on board to help with this very much-needed program not only for individuals but for prospective business owners. Considering that U.S. Hispanic purchasing power has surged to nearly $700 billion and is projected to reach as much as $1 trillion by 2007 I firmly believe this will be a learning experience for us all.” Says Yuri Cunza, President of the Nashville Area Hispanic Chamber of Commerce.

According to Cunza, recently released U.S Census data indicates that the number of Hispanic-owned businesses in 2002, grew up to 1.6 million that equals to 31 percent more from 1997. Their receipts were $226.5 billion, up 22 percent from 1997.

The classes will be taught in Spanish at the SunTrust Branch in Nolensville Rd 4310 Nolensville Pike in Nashville. The Financial Literacy Program sessions will be offered free of charge.

For more information or to enroll please contact SunTrust 615.748.4847 or the Nashville Area Hispanic Chamber of Commerce 615.216.5737 or via e-mail: info@nashvillehispanicchamber.com.

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 Nashville Area Hispanic Chamber of Commerce
PO Box 40541 Nashville, TN 37204