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Bringing Partners Together for Financial Education News in Indian Country
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December 8, 2015
 
IN THIS MONTH'S PARTNER NEWS

Growing NAT$VE in the Bank

Fall 2015 Tribal Exchange Stock Market Game

Financial Education a Focus of NCAI's
72nd Annual Convention & Marketplace in San Diego


New Executive Director for Native CDFI

San Manuel Band of Mission Indians Supports New Grant

Growing NAT$VE in the BANK 
 

Washington, DC – Building on its First Kids 1st initiative and its work advancing Generation Indigenous (Gen-I), the National Congress of American Indians (NCAI) has joined forces with the Native Financial Education Coalition (NFEC) to launch NAT$VE in the BANK because they understand that Native youth building relationships with financial institutions by opening a bank account is a proven difference-maker in them making smart financial decisions over the course of their lives.
 
Designed for Native youth ages 12 to 25, NAT$VE in the BANK requires participants to finish four easy steps: complete a short, fun online course on financial education; open an account with a bank or credit union; take a “selfie” picture with a bank/credit union representative; and share through words or art their financial goals in life. Once they do, participating Native youth receive a NAT$VE in the BANK T-shirt and a chance to win an iPad Air. If participants recruit at least three friends to also complete NAT$VE in the BANK’s four easy steps, they are entered for a chance to win an iTunes gift card, an iPad mini, or a trip to NCAI’s 2016 Mid Year Conference in Spokane, WA. 

The NAT$VE in the BANK initiative will run through March 15, 2016. In order to be eligible to win the trip to NCAI’s 2016 Mid Year Conference in Spokane, WA, Native youth must answer the NAT$VE in the BANK call and get at least three friends to participate by that date. To learn more about NAT$VE in the BANK, please visit the NFEC website or email Tyler Owens at towens@ncai.org.

For more information, click here.

Fall 2015 Tribal Exchange Stock Market Game


The Tribal Exchange will run for 10 weeks from November 13 - December 18, 2015. It is open to Native students in grades 4-12. Teams may be formed by school clubs or classes. This program is offered to Bureau of Indian Education schools and Boys & Girls Clubs. Each team is given $100,000 in game money to invest in the Stock Market Game program. The team that increases the value of its investment by the greatest amount at the end of the game wins, but all participants learn valuable financial and team-building skills.

For more information, email Tyler Owens at towens@ncai.org.

Financial Education a Focus of NCAI's 72nd Annual Convention & Marketplace in San Diego


Financial education was a key focus of NCAI’s 72nd Annual Convention and Marketplace in San Diego in October. Representatives from the Sault Ste. Marie Tribe of Chippewa Indians in Michigan provided a “train-the-trainers” session on the “Your Money, Your Goals” curriculum developed by the Consumer Financial Protection Bureau (CFPB). In addition, CFPB representatives were on hand to provide attendees with overviews of the Bureau’s  Office of Servicemember Affairs (http://www.consumerfinance.gov/servicemembers/) and its Office of Financial Protection for Older Americans (http://www.consumerfinance.gov/older-americans/).

For more about the conference you can read the newsletter here. To learn more about NCAI visit ncai.org.

Native CDFI Network Announces First-Ever Executive Director


The Native CDFI Network, a national association of Native community development financial institutions (CDFIs) that work to increase access to capital in Native communities, is excited to announce a major developmental milestone in the organization’s continued growth. Tanya Fiddler (Cheyenne River Sioux) has been hired to lead the Network as it’s first-ever Executive Director.

“As a founding Co-Chair and former Chairperson of the Network’s Board of Directors, a member of the U.S. Treasury’s Community Development Advisory Board, and the former head of Four Bands Community Fund, a leading Native CDFI, Tanya is uniquely suited to become the first Executive Director of the Native CDFI Network,” said Ted Piccolo, newly-elected Chairman of the Board of Directors for the Native CDFI Network and also the Executive Director of the Northwest Native Development Fund, a Native CDFI based in Washington. You can access Native CDFI Network's press release here.

This article was published by Native CDFI Network here

San Manuel Band of Mission Indians' Grant Supports First Nations Development Institute's National Tribal Youth Financial Education Effort


LONGMONT, Colorado (Oct. 28, 2015) – First Nations Development Institute (First Nations) has received a grant of $28,250 from the San Manuel Band of Mission Indians of Highland, California, to help support a national project to increase the financial literacy of Native American youth. The project will be based on First Nations' proven $pending Frenzy financial simulation workshop.

The $pending Frenzy workshop gives youth a chance to practice making spending and budgeting decisions in a safe environment. Participants are given play money and then must balance their budget and track their spending while pretending to buy a car, rent a house, or buy groceries for their family. Under the grant, First Nations will develop and produce $pending Frenzy workshop kits that local community trainers can purchase to offer financial education trainings to Native youth. First Nations will also develop supportive training materials such as videos and other media that will teach community trainers how to present the $pending Frenzy workshops in their home communities. First Nations will make the newly-developed kits and train-the-trainer materials available on its website. The workshop kit will be useful for Native communities that provide minor's trust payments to their youth and/or are looking for an innovative way to teach financial education. First Nations will also conduct three workshops in partner communities under this grant.

"Our goal is to help tribal leaders offer a financial education workshop that is engaging and fun for youth," noted Sarah Dewees, First Nations' senior director of research, policy and asset-building programs. "Kids prefer experiential learning over sitting in a classroom listening to a lecture. We have conducted this $pending Frenzy workshop several times and it is always well-received. Our goal with this project is to make it easier for people to offer the workshop in their home community. We truly appreciate the San Manuel Band’s support of this innovative financial education project.”

If you are interested in having a $pending Frenzy workshop in your community, contact Sarah Dewees at sdewees@firstnations.org .
 

Other News


Center for Indian Country Development Launches Minority Business Fund Scholarship (BofA) Simple Dollar Debt Payoff Calculator American Indian Graduate Center and Wells Fargo Collaborate to Support Native American Higher Education Program Better Money Habits U.S. Department of Commerce: Resources for Tribal Nations and Communities
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