Social Entrepreneur Selected for FDIC Advisory Committee

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Social entrepreneur, Founder and CEO, of The It's a Habit! Company, Inc., Sam X Renick, has received and accepted an invitation from the FDIC to join the Los Angeles Alliance for Economic Inclusion Advisory Committee.

Social entrepreneur, Founder and CEO, of The It's a Habit! Company, Inc., Sam X Renick, has received and accepted an invitation from the FDIC to join the Los Angeles Alliance for Economic Inclusion Advisory Committee.

"This is exactly why Alonso Silva, Jr., Juan Alvarado, Carlos Rodriguez, Monique Renick, and I formed It's a Habit!, sustained and grown it during one of the most tragic economies of our lives," said Renick. "We wanted to help make the American dream more accessible to families of all ethnicities and economic levels."

The Alliance for Economic Inclusion committee will provide the FDIC with advice and recommendations on important initiatives focused on expanding access to banking services by underserved populations. The committee members represent a cross section of interests from consumer and public advocacy organizations, community-based groups, the banking industry, state regulatory authorities, government, academia, and others affected by banking-related practices.

"As social entrepreneurs, it's letters from kids, parents, educators, and honors like these that fuel your fire," stated Renick. "What the last seven years has taught us is that the challenge of establishing a successful small business is gargantuan and is even greater for social entrepreneurs."

Renick and the It's a Habit! team, which includes children's character, Sammy the get in the habit rabbit, have been traveling across the United States reading, singing, and acting out skits to children, their parents, and teachers about the importance of making saving a habit. Their work and music CD, Mission 1 Celebrate Saving! are capturing national attention and have recently been chronicled by Kiplinger's, the Motley Fool, Yahoo Finance, the Kansas City Star, the Chicago Tribune, and on KNX radio in Los Angeles.

It's a Habit! Company, Inc.

The It's a Habit! Company, Inc. is a socially conscious startup corporation located in Los Angeles, California that is dedicated to teaching financial literacy and other empowering life skills and habits in a strategic manner (ie. both entertaining and educational) to youths of all ages, with a focus on young children and their families. The company uses its main children's character Sammy, 'the get in the habit rabbit,' books, music, and author, character presentations to deliver messages like: 'Saving is a great habit;' 'From every dollar, save a dime;' 'Save, read, and go far!;' etc/ The company's motto is: Changing children and family lives one habit and dime at a time!

FDIC

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,778 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars - insured financial institutions fund its operations.

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