Fresno Regional Foundation

Cohorts

Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC), an independent federal agency, has partnered with the Fresno Regional Foundation to build the asset building capacity of communities in Fresno County for the past two years.

The Fresno Regional Foundation is a valued member of the Region 9 Federal Regional Council and its Interagency Task Force on the Central San Joaquin Valley, established by White House Executive Order 13173, which mandates an action plan to address the critical social, economic and environmental issues of the San Joaquin Valley. The FDIC chairs the Task Force’s Financial Education Advisory Group, a broad-based collaborative of financial institutions, community-based organizations and government agencies, which actively sustains and enhances ongoing initiatives in the areas of financial education, asset building, and increased access to financial products and services for underserved communities in Fresno. As one of the Group’s most active members, the Fresno Regional Foundation has focused on strengthening its visibility and reputation in the community; refining a high quality grant-making program which benefits its diverse private and public sector partners. Through its work, the FRF has:

• Collaborated with a diverse group of partners to help identify and mitigate emerging areas of need throughout the Central Valley;
• Awarded grants to local organizations in support of financial literacy, mortgage foreclosures, financial stability initiatives and more; and,
• Provided its support and expertise to broad-based initiatives such as the “Bank on Fresno” effort spearheaded by Governor Schwarzenegger and Fresno Mayor Alan Autry to provide access to affordable financial products, services and education for those currently unbanked or underbanked. [Fresno has the highest rate of unbanked individuals, per capita, in the U.S.]

“We truly value the support of the Fresno Regional Foundation in our community development and asset building efforts in the Central Valley,” said Linda D. Ortega, Community Affairs Officer in the FDIC’s San Francisco region. “The FRF has proven its commitment to the San Joaquin Valley and has demonstrated a creative ability to match resources with worthy recipients to improve the quality of life for many residents throughout the region.”

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