For
Immediate Release
April 8, 2005
Contact:
Becky Fleischauer, 202-220-2360; bfleischauer@nw.org
Financial Fitness Course for Educators Going Online to Help Keep Pace with Growing Demand
(Washington, D.C.) –Neighborhood Reinvestment Corporation and State Farm® Insurance are launching the development of an online financial fitness course for educators to help keep pace with the growing demand for community-based financial literacy education.
“The need for more accessible, personalized financial literacy education and counseling has never been greater,” said Neighborhood Reinvestment Corporation CEO Kenneth D. Wade. “This will help us keep pace with the growing demand at our National Training Institutes for more courses to certify financial literacy educators. We thank State Farm for recognizing the importance of financial literacy for individual consumers, but also for communities and our national economy.”
“State Farm and NeighborWorks have a tremendous opportunity to meet the financial literacy needs of more people than ever before,” said State Farm Insurance Vice President Community Development, Clayton Adams. “Through standards-based financial education, State Farm will be able to help people to make informed financial decisions. We’re good neighbors committed to building great communities.”
The web-based financial fitness course for educators is an outgrowth of NeighborWorks® Center for Homeownership Education and Counseling (NCHEC) training program -- the nation’s largest certifier of financial and homeownership educators and counselors. The online courses will not immediately replace the classroom courses, but will give new trainees in the program a baseline knowledge required to succeed in the course. It will also allow certified educators to continually update and sharpen their skills with online courses devoted to new developments in the field and some of the more complex trends in mortgage and other loans.
About State Farm
State Farm® insures more cars than any other insurer in North America and is the leading U.S. home insurer. State Farm's 17,000 agents and 69,000 employees serve nearly 73 million auto, fire, life and health policies in the United States and Canada. State Farm also offers financial services products through State Farm Bank® . State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No.18 on the Fortune 500 list of largest companies. For more information, please visit statefarm.com®.
About NeighborWorks
The NeighborWorks network is a nationwide network of more than 235 community development organizations working in nearly 2,700 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. Neighborhood Reinvestment provides financial support, technical assistance and training for the NeighborWorks network. In the last five years alone, NeighborWorks organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.
