Federal Deposit Insurance Corporation (FDIC) Money Smart Computer-based Instructional Development

Challenge

In 2001, the Federal Deposit Insurance Corporation (FDIC) started a national financial education curriculum by launching Money Smart, a comprehensive financial education curriculum designed to help low- and moderate-income individuals outside the financial mainstream enhance their financial skills and create positive banking relationships. To date, the FDIC has reached over 2.5 million consumers with this program. The FDIC needed help in revising and enhancing the Money Smart Computer-Based Instruction (CBI) and promoting its use.

Solution

Engility is assisting the FDIC with the analysis, design, development, and implementation of a revised Money Smart CBI. In addition, Engility is providing support in developing a marketing and communication strategy to ensure that the Money Smart CBI reaches its intended audience.

There are two components of the Money Smart CBI revision. First, content is being updated to reflect recent changes in law and banking industry practices. The second component of the Money Smart CBI revision is to enhance the program, which was first delivered in 2004. CBI enhancements fall into three general categories: modernization (e.g., improved user interface, incorporation of state-of-art technology and instructional design techniques); upgraded technical capabilities (e.g., advanced reporting, cross-browser, cross-platform solutions); and updated content (e.g., updated content for today’s young adults).

In addition to the curriculum revision, Engility is also embarking on an outreach program to make sure the target audience for Money Smart is fully aware of the free training that is available to them. To achieve this objective, Engility is providing cutting-edge marketing and communication strategies to help the FDIC reach their target audience by employing creative, state-of-the-art outreach techniques.

Benefits/Achievements

Engility’s proven instructional development processes is helping the FDIC Money Smart program develop training that is instructionally sound, visually appealing, and highly relevant to its target audiences. The Money Smart program plays a vital role in helping the FDIC achieve its objective of providing consumers with accurate and easily understood information about their rights and the disclosures due them under consumer protection and fair lending laws.