Nurturing Economic Empowerment Through Financial Education Across Alabama

The Alabama Financial Educators Council’s mission is rooted in providing people with the knowledge and guidance they need to foster greater financial well-being.

To this end, we provide complimentary resources, advocacy campaigns, and local personal support to build scalable financial wellness initiatives throughout Alabama.

Strengthening Alabama with Sustainable Economic Empowerment Programming

The mission of the Alabama Financial Educators Council℠ is to build sustainable, scalable economic empowerment programs that have a real impact on people’s lives at the community level. To accomplishing this mission, we focus on these 3 Pillars:

Pillar 1: Increase Access & Develop Sustainable Financial Education Programming.

Organizations – We provide resources, training, personnel, and support to build scalable financial wellness programming.

Individuals & Families – Resources and courses are provided for those seeking to improve their own finances and/or teach their kids about money.

Pillar 2: Raise Awareness for Economic Empowerment through Financial Education.

Advocacy Promotion Campaigns – We promote the adoption of financial literacy into schools, getting families involved in teaching kids about money, and encouraging individuals to improve their knowledge.

Local Financial Education Data – Conducting and curating Alabama-specific personal finance research to share with stakeholders across the education and media sectors.

Pillar 3: Develop Relationships to Deploy and Sustain Community Financial Wellness.

Combat Financial Illiteracy – This is a crucial moment for our country and its citizens. And financial literacy is the key to addressing one of this country’s top crises.

Grassroots Movement – Join us in the movement to help our community work toward greater financial independence and security. We welcome everyone. Here are a few ways you can join.

Join The Movement

Beneficiaries
Receivers of resources & support.

Supporters
Promote the campaign across the community.

Join Advisory Board
Community leaders of local & state chapters.

Why We Are Uniquely Positioned to Serve

The Alabama Financial Educators Council℠ is a state chapter of the National Financial Educators Council®. The National Chapter is well-qualified to support our initiatives here across the state of Alabama – they bring:

Accreditation

As an IACET Accredited Provider, the NFEC offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard.

Social Impact

As a Certified B Corporation, the NFEC meets the highest standards for socially responsible commerce, using the power of business to build more sustainable economies.

Standards

The NFEC set industry standards for the financial education and financial coaching industry.

NFEC Financial Literacy Standard Alignment Verified

Our Local Champions Across Alabama Make this Possible

Local champions ensure that financial education programming, resources and data are provided complimentary to individuals and organizations throughout Alabama.

Alabama Financial Literacy

The Alabama financial literacy initiative is dedicated to helping individuals and organizations across The Yellowhammer State by providing them with access to information and resources. This campaign is led by the Alabama Financial Educators Council℠. This Alabama financial literacy push is part of a nationwide effort that offers organizations and individuals access to financial literacy resources to increase the overall financial capabilities of citizens and communities across the country.

Complimentary Financial Literacy Resources

Financial Education Framework and Standards

Personal Finance eLearning Center

Live Presentation Materials

Financial Literacy Testing

Alabama Financial Literacy Legislation & Educational Stats

Data from CCD (The Common Core of Data), a program of the U.S. Department of Education’s National Center for Education Statistics, show that in 2014-15 Alabama had a total 1,659 schools (compared to the 1,972 U.S. average), and more than 744,000 students (compared to the U.S. average of 986,521). Alabama’s pupil-to-teacher ratio is 17.41, which is slightly higher than the U.S. average of 16.06.

Legislation related specifically to financial literacy in Alabama was adopted in 2015 as part of Senate Bill 446, which establishes the Alabama Financial Education Endowment Fund within the state treasury. This fund is earmarked to support statewide financial education and consumer credit-building, including (among other activities) “school and youth-based financial literacy and capability” (National Conference of State Legislatures, 2015).

Alabama Financial Capability Stats

60%

Average Score of 60.05% to Date

38%

Percentage of Passing [70%] Scores to Date

0
Participants

National Financial Capability Stats

64%

Average Score of 64.26% to Date

49%

Percentage of Passing [70%] Scores to Date

0
Participants

About the Alabama Financial Educators Council℠

The Alabama Financial Educators Council℠, is a personal finance education organization created in 2017. The Alabama Financial Educators Council℠ represents a state-level component of a larger campaign spearheaded by the National Financial Educators Council® (NFEC®). The goal of the NFEC® is to spread awareness and strengthen community-level efforts toward achieving common financial education objectives.

National Financial Educators Council, State Financial Literacy Standards
National Financial Educators Council, State Chapters