Financial Literacy New York began in 2020, initiated by a dedicated team of credit union branch managers, commercial lenders, and home mortgage bankers. Their mission is to provide comprehensive financial literacy education through remote classes. The curriculum is rooted in the FDIC's 14-module Money Smart Financial Literacy program, offering 1-hour lessons that cover practical financial scenarios, group activities, and discussions. The courses include pre- and post-lesson surveys to ensure participants are equipped to enhance their family savings, improve their FICO scores, and create effective budgets.
Financial Literacy New York prides itself on its relatable instructors, many of whom have personally faced financial challenges such as low FICO scores and debt. This empathy allows for open, non-judgmental discussions aimed at helping participants improve their financial health, set up savings plans, create budgets, and avoid credit issues, ultimately empowering them to achieve financial stability and homeownership when ready.