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The Consumer Banking Industry
During this period of high unemployment and declining wealth, which is even more pronounced for African Americans and other people of color, Americans need living wage jobs with long-term career tracks. Given these dire economic circumstances, the NAACP is investigating the diversity and inclusion for industries with the greatest potential to influence job creation and wealth building in our Opportunity and Diversity Report Card.
NBCI Featured Program
NBCI Feature Article
NBCI Mission Statement Concerning Personal and Business FinanceOver the past eight years the Black community has experienced what amounts to an economic tsunami. Billions of dollars have left the Black community through the foreclosure crisis, the devaluing of existing homes owned by African Americans, the devaluing of African American retirement plans and 401Ks and the loss of employment and business opportunities. We will focus our energy on learning how to build wealth and manage it. We will provide actionable information on municipal bonds, stocks, savings, currency investment, insurance and other wealth building tools.
The aim is overcoming the complexity of understanding, handling and working with money. For the first time in our history of over 400 years, the Black church is determined to educate and empower African Americans on how to handle money. We have created two main vehicles to get this done.
- NBCI Online Money Course NBCI Money Course is a take on Finance 101. Its curriculum will make money management easy to understand, and break course material down into adjustable time frames spanning from either six months up to three years. These Money courses will cover NBCI's Spending Program fundamental principles and give students the tools they need to feel confident and financially literate.
- NBCI Money Booklet The NBCI Money Booklet, currently in publication, is both unique
Minorities especially African Americans and Latinos, will be encouraged to enroll. Over the course students will be given an NBCI Money Booklet alongside other relatable and accessible course texts
Here is an example of the topics we plan to cover in the money course https://www.naltblackchurch.com/finance/personal.html
and effective in that it knows its audience. A thoughtful and comprehensive layout allows individuals and families to get a complete picture of their assets and liabilities in an easy-to-read, uninimidating format
Having their financial scorecard at their fingertips will give users a sense of control over their money and encourage smart financial decisions. NBCI's Money Booklet will consist of information including but not limited to - salaries, tax status, insurance, stocks and other relevant financial data.
See our full statement "A Note on the Current Recession: The Game Has Changed".