SBLI USA, Carver Federal Savings Bank, and Fidelity Investments Join Representative Rangel to Promote Financial Literacy in Harlem

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Good answers regarding tough financial questions are hard to come by in this economic downturn, but on Saturday February 20, 2010, SBLI USA Mutual Life Insurance Company, Inc., along with Carver Federal Savings Bank and Fidelity Investments, helped provide them.

New Yorkers should know that the public and private sectors are working hard to connect them to resources to help them not just get through these tough economic times, but also put them in a position to succeed once this current crisis is over.

Good answers regarding tough financial questions are hard to come by in this economic downturn, but on Saturday February 20, 2010, SBLI USA Mutual Life Insurance Company, Inc., along with Carver Federal Savings Bank and Fidelity Investments, helped provide them. As the sponsors of a free financial education seminar entitled Your Money and You, these community-focused companies gathered together some of the best financial minds in New York at the Schomburg Center for Research in Black Culture. The seminar was open to the public and featured an expert panel moderated by Errol Louis, columnist at the New York Daily News and WWRL radio host, keynote speaker Jonathan Mintz, Commissioner of the Department of Consumer Affairs, and honorary guest Congressman Charles B. Rangel (D).

"New Yorkers should know that the public and private sectors are working hard to connect them to resources to help them not just get through these tough economic times, but also put them in a position to succeed once this current crisis is over," said Congressman Rangel. "Whether it’s getting extra money in your pocket now through tax credits like the Earned Income Tax Credit or in the future through programs like Department of Consumer Affairs' SAVENYC, there are a variety of ways in which people can get the extra help that they need."

The expert panel featured Demetric Duckett, vice president and community finance officer at Carver Community Development Corporation, Marquis Miller, vice president of business development at SBLI USA Mutual Life Insurance Company, Inc., Carlos Rodriguez, vice president of agency relations and program at the Food Bank for New York City, and Carol O’Rourke, executive director at the Coalition for Debtor Education. These financial experts engaged one and other, as well as audience members, in conversations surrounding credit and money management, the best ways to plan for your family during an economic downturn, suggestions on how to take advantage of earned income tax credits, and ways to use community and civic resources to make the most of your finances.

SBLI USA Mutual Life Insurance Company, Inc. is New York City based and has served the people who make America work for over 71 years. “I am honored to live in a country where there is public interest in the financial health of everyone,” said SBLI USA president & CEO Vikki Pryor. “This event really illustrates the crux of SBLI USA’s mission, which is to get all people working together toward the financial empowerment of all Americans.”

Maria Nieves, director of public affairs for Fidelity Investments said “Fidelity is pleased to support an event that brings experts on savings, credit and investing to the public. This event aligns with the firm's belief that financial planning is a lifelong endeavor. It's never too early or too late to learn to effectively invest, save, and spend in order to meet your financial goals.”

About SBLI USA/S.USA

SBLI USA markets a wide range of life insurance products nationwide with a focus on women and underserved communities. This focus on diverse markets is mirrored in the company’s multicultural representation; the company speaks 20 languages, is 64 percent multi-cultural, and women comprise 60 percent of the company’s board of directors and 57 percent of its associates. As part of its commitment to underserved communities, the company offers a fully bilingual web site and recently launched a women-centric microsite dedicated solely to the financial education and empowerment of women: To learn more go to http://www.sbliusa.com or http://www.sbliusa.com/women

SBLI USA Mutual Life Insurance Company, Inc. is the parent company to SBLI USA Holdings, Inc., which owns subsidiary companies S.USA Life Insurance Company, Inc., and SBLI USA Diversified Services Company, Inc. SBLI USA and its subsidiaries are licensed in 49 states, the District of Columbia, the U.S. Virgin Islands, and Puerto Rico. With more than 300,000 policyholders, the company is committed to offering affordable, flexible and easy-to-access products through a variety of integrated channels, including direct mail, telemarketing, online application processes, , licensed agents, and walk-in Customer Centers.

About Carver Bancorp, Inc.

Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank. Carver Federal Savings Bank, the largest African- and Caribbean-American-run bank in the United States, operates nine full-service branches in the New York City boroughs of Brooklyn, Queens and Manhattan. Carver channels its capital resources into under-served neighborhoods, investing over 80% of its deposits into the neighborhoods it serves. For further information, please visit the Company’s website at http://www.carverbank.com

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors, risks and uncertainties. More information about these factors, risks and uncertainties is contained in our filings with the Securities and Exchange Commission.

About Fidelity

Fidelity Investments is one of the world's largest providers of financial services, with assets under administration of over $3.2 trillion, including managed assets of $1.5 trillion as of December 31, 2009. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to over 20 million individuals and institutions as well as through 5,000 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket, a leading online brokerage firm and one of the largest providers of custody and clearing services to financial professionals. For more information about Fidelity Investments, visit http://www.fidelity.com.

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