Press Room
 

November 30, 2006
HP-183

US Treasurer to Visit Texas To Reach
Out to Unbanked
Border Communities More Than Twice as
Likely
to Lack Mainstream Financial Services

U.S. Treasurer Anna Escobedo Cabral and Treasury Deputy Assistant Secretary for Financial Education Dan Iannicola, Jr. will visit Edinburg, TX on Monday and Tuesday, December 4-5, to participate in a regional conference to reach the unbanked.  Treasury will host financial literacy events throughout the day to help families take control of their finances, save for retirement and understand the importance of establishing credit.

Approximately 10 million or more unbanked households in America do not have accounts at mainstream financial institutions and must pay extraordinarily high fees for basic financial services.  An estimated 23 percent of families living in rural U.S.-Mexico border communities are unbanked, more than twice the national average.

Members of the press should contact Brittni Aldridge at 202-622-2591 to attend any events.

Schedule of Press Events for Monday, Dec. 4:

8:00 a.m. CST
Treasury Deputy Assistant Secretary Dan Iannicola Jr.
Financial Education Lesson with Freddy Gonzalez Elementary Students
Freddy Gonzalez Elementary School
2401 South Sugar Road
Edinburg, TX

9:00 a.m. CST
U.S. Treasurer Anna Escobedo Cabral
Media Availability
University of Texas Pan-American
Administrative and Academic Support Annex
2412 South Highway 281
Edinburg, TX

9:30 a.m. - 4:30 p.m. CST
U.S. Treasurer Anna Escobedo Cabral
Treasury Deputy Assistant Secretary Dan Iannicola Jr.
National Credit Union Administration Chairman JoAnn Johnson
Financial Literacy and Education Commission's
Southwest Regional Conference on Reaching Unbanked People
University of Texas Pan-American
Administrative and Academic Support Annex
2412 South Highway 281
Edinburg, TX

5:30 p.m. CST
Treasury Deputy Assistant Secretary Dan Iannicola Jr.
Office of Congressman Hinojosa's Community Event on Personal Financial Education
Administrative and Academic Support Annex
2412 South Highway 281
Edinburg, TX

Schedule of Press Events for Tuesday, Dec. 5:

9:00 a.m. CST
Luz Figuereo, Treasury Office of Financial Education
Financial education lessons with La Villa high school students
La Villa High School
200 West Highway 107
La Villa, Texas