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KeyBank Partners with One Economy to Create Money Made Easy Financial Literacy Website

KeyBank Partners with One Economy to Create Money Made Easy Financial Literacy Website

Published 12-06-05

Submitted by KeyBank

WASHINGTON, D.C. - KeyBank, a unit of KeyCorp (NYSE: KEY), and national nonprofit One Economy Corporation announced the creation of Money Made Easy (www.key.com/moneymadeeasy or www.thebeehive.org/moneymadeeasy), a financial literacy website that helps consumers manage their money better. Money Made Easy is accessible through One Economy's Beehive, a multilingual Web portal featuring tools and information about money, health, jobs, school and family.

Funded by KeyBank and developed by One Economy, Money Made Easy offers a complete financial education curriculum that consumers can follow at their own pace, in the comfort and privacy of their homes. The dynamic, interactive website includes tutorials on budgeting and money management, checking and savings accounts, credit, loans, home buying and mortgages, building wealth, and Individual Development Account programs.

"Many low-income consumers are caught in a seemingly endless cycle of living paycheck-to-paycheck but often are too embarrassed or uncomfortable to ask for help stabilizing their finances," said Ben Hecht, president and chief operating officer of One Economy. "Technology is a great equalizer and, as we make progress in bringing technology into the homes of low-income consumers, self-help tools like Money Made Easy can help build the confidence they need to break the cycle."

"Together with KeyBank, we will help people achieve a more stable financial future."

Money Made Easy is useful for anyone who seeks financial independence, regardless of how much money they earn. Low-income individuals and families can use the site to take control of their finances and start building a nest egg. Parents can use it to teach financial responsibility to their children. High school and college students living on limited budgets also will find useful information and suggestions on how to effectively manage their money.

KeyBank joined forces with One Economy to create Money Made Easy as part of the organization's commitment to helping people achieve long-term financial literacy. "Most people experience money problems at some point in their lives. It's our goal to help mitigate those problems and teach people techniques to dig themselves out of debt and regain control of their finances," said Bruce Murphy, president of Community Development Banking for KeyBank. "Whether their dream is to own a home or send their kids to college, people can achieve financial independence by making small adjustments to the way they manage their money. Money Made Easy outlines options and provides practical tools and information to make it happen."

KeyBank and One Economy are working with banking clients, financial services organizations, community agencies, affordable housing developers and other groups across the country to drive people to the website, which is offered in English and Spanish. Other Beehive tools and information are available in Russian, Haitian Creole, Urdu and Chinese.

About One Economy Corporation
One Economy Corporation is a national nonprofit that utilizes technology to help low-income people improve their standard of living. One Economy's strategy is to bring technology into the home, provide online multilingual content through The Beehive (www.thebeehive.org) - used by as many as half a million people each month - and facilitate computer literacy. One Economy's national Bring IT Home campaign, which is co-chaired by U.S. Sen. Majority Leader Bill Frist and Sen. Minority Leader Harry Reid, promotes state-level public policy change to make high-speed Internet connectivity a standard practice. More information about Bring IT Home and One Economy can be found at www.one-economy.com.

About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $90 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.

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Note to Editors: For up-to-date company information, media contacts and facts and figures about Key lines of business, visit our Media Newsroom at Key.com/newsroom.

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KeyBank

KeyBank

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $176.2 billion at March 31, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC. 

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