Financial Literacy in Harlem

Carver Federal Savings Bank, Fidelity Investments & SBLI USA Join Rep. Rangel in Promoting Financial Literacy in Harlem

An all-star line-up of experts to converge Feb. 20 at the Schomburg to offer helpful tips and resources to survive past the current economic downturn

New York (Vocus/PRWEB ) February 11, 2010 -- With the fallout of the subprime mortgage crisis and the worst economic decline in decades causing escalating costs of gas, food and housing, community leaders understand that financial planning and education are needed more now than ever. In an effort to meet this need, Your Money and You, a free financial education seminar will be presented at the Schomburg Center for Research in Black Culture on Saturday, February 20, 2010. The seminar, which will be open to the public, is sponsored by Carver Federal Savings Bank, SBLI USA Mutual Life Insurance, and Fidelity Investments.

Honorary guest, Congressman Charles B. Rangel (D), will kick off Your Money and You. A host of community and financial experts will serve as panelists to offer professional advice about how to become more financially savvy and resourceful during challenging times. These experts will offer tips, advice and insights into:

Credit & money management Your money and relationship with your banker – does it matter? The best way to financially plan for you and your family during an economic downturn Suggestions on how to protect your finances Taking advantage of earned income tax credits Accessing free tax preparation assistance to avoid “tax refund lending schemes” Community agencies; civic and government resources and how they can help

Your Money and You, a timely and topical event for the Harlem community, is open to the public and offered free of charge. Featured guests are:

Moderator, Errol Louis, New York Daily News columnist and WWRL radio host Honorary Guest, Congressman Charles B. Rangel, (D),15th Congressional District President & CEO, SBLI USA Mutual Life Insurance Company, Vikki Pryor President, Carver Community Development, Blondel Pinnock Vice President, Carver Community Development, Demetric Duckett Vice President, SBLI USA Mutual Life Insurance Company, Marquis Miller Executive Director, Coalition for Debtor Education, Carol O’Rourke Vice President, Agency Relations and Program, Food Bank for NYC, Carlos Rodriguez

WHEN: Saturday, February 20, 2010

Registration & Continental Breakfast: 10:00 AM – 10:30 AM
Welcome and Keynote: 10:30 AM – 11:20 AM
Panel Discussion / Q&A: 11:20 AM - 12:30 PM

WHERE:   Schomburg Center for Research in Black Culture
      515 Malcolm X Boulevard
      New York, NY 10037-1801

Members of the media are invited to attend the entire program, please RSVP.

To schedule interviews prior to, and following the event; contact Elbert Garcia at (212) 663.3900.

About SBLI USA/S.USA

SBLI USA markets a wide range of life insurance products nationwide with a focus on women and underserved communities. This focus on diverse markets is mirrored in the company’s multicultural representation; the company speaks 20 languages, is 64 percent multi-cultural, and women comprise 60 percent of the company’s board of directors and 57 percent of its associates. As part of its commitment to underserved communities, the company offers a fully bilingual web site and recently launched a women-centric microsite dedicated solely to the financial education and empowerment of women: To learn more go to www.sbliusa.com or www.sbliusa.com/women

SBLI USA Mutual Life Insurance Company, Inc. is the parent company to SBLI USA Holdings, Inc., which owns subsidiary companies S.USA Life Insurance Company, Inc., and SBLI USA Diversified Services Company, Inc. SBLI USA and its subsidiaries are licensed in 49 states, the District of Columbia, the U.S. Virgin Islands, and Puerto Rico. With more than 300,000 policyholders, the company is committed to offering affordable, flexible and easy-to-access products through a variety of integrated channels, including direct mail, telemarketing, online application processes, , licensed agents, and walk-in Customer Centers.

About Carver Bancorp, Inc.

Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver Federal Savings Bank, the largest African- and Caribbean-American-run bank in the United States, operates nine full-service branches in the New York City boroughs of Brooklyn, Queens and Manhattan. Carver channels its capital resources into under-served neighborhoods, investing over 80% of its deposits into the neighborhoods it serves. For further information, please visit the Company’s website at www.carverbank.com

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors, risks and uncertainties. More information about these factors, risks and uncertainties is contained in our filings with the Securities and Exchange Commission.

About Fidelity

Fidelity Investments is one of the world's largest providers of financial services, with assets under administration of over $3.2 trillion, including managed assets of $1.5 trillion as of December 31, 2009. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to over 20 million individuals and institutions as well as through 5,000 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket, a leading online brokerage firm and one of the largest providers of custody and clearing services to financial professionals. For more information about Fidelity Investments, visit www.fidelity.com.

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