Childcare Resources of Indian River, a United Way agency, will host its second FDIC Money Smart Financial Education Program session on Thursday, November 5.

The session, entitled, "Borrowing Basics: An introduction to credit," will be facilitated by volunteers from Riverside Bank and is intended give participants a better understanding of how credit works. Participants will be able to define credit; explain why it is important; distinguish between secured and unsecured loans; identify three types of loans; identify the costs associated with getting a loan; explain why it is important to be wary of rent-to-own, pay-day loan, and refund anticipation services; and determine if they are ready to apply for credit.

The FDIC created the Money Smart program to help individuals build their financial knowledge, develop financial confidence, and use banking services effectively. All sessions are free to attend and will be held at 6:00 p.m. on the first Thursday of every month until May 2010 at Childcare Resources, 1801 24 th Street in Vero Beach. For more information, contact Rachael Moshman at 772.567.3202 or RMoshman@childcareresourcesir.org.

About Childcare Resources

Childcare Resources provides tuition assistance for quality early care and preschool, support and guidance to help maintain family stability; free access to mental health professionals; and a wide variety of parenting programs and family enrichment opportunities. Since its founding in 1994, more than 1,000 children and their families have participated in Childcare Resources programs. The organization is also the proud recipient of the Agency Excellence Award 2001 and 2005 presented by the United Way of Indian River County. To learn more, call 772.567.3202 or visit www.childcareresourcesir.org.