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Local Young Professionals Team Up With Fannie Mae for the National Day of Service

Providing Financial Education to Teens

PHILADELPHIA, May 7 PRNewswire-USNewswire — Local young African-American professionals will lend their voices, time and resources to provide FREE financial education to teenagers as part of the Urban League Young Professionals of Philadelphia's (ULYP) National Day of Service on Saturday, May 10, 2008 from 9:30am - 1:00pm at the Enterprise Center, 4548 Market Street. As part of the Philadelphia ULYP's Young Blacks Give Back Month, various ULYP members will participate in community service events focused on supporting the Philadelphia community by educating youth in the area of savings, credit and money management using financial education curriculum provided by Fannie Mae.

The National Urban League Young Professionals (NULYP) National Day of Service targets African-American youth between the ages of 14 and 18 in hopes of providing financial literature to at least 5,000 youth on the importance of financial responsibility. The initiative promotes volunteerism amongst young African-American professionals in support of financial empowerment. "By educating our teens on the importance of good personal management and the long term negative effects of making poor choices, we hope to empower the next generation to take control of their financial lives and have fun at the same time," said Sonya Springer, Esq., Auxiliary Group President, Urban League Young Professionals of Philadelphia.

NULYP and Fannie Mae are sponsoring the national day of service as part of the NULYP Financial Empowerment Agenda. This is in support of the National Urban League's five-point empowerment agenda. The National Urban League Young Professionals is a volunteer auxiliary group of the National Urban League whose members range in ages 21-40. This network of young professionals is composed of over 55 chapters working to advance the Urban League agenda through corporate, social and community activism in cities across the country. To register for the FREE financial education workshop, call 215-985-3220 ext: 205 or email: ulyprsvp@urbanleaguephila.org. Accessible by the Market-Frankford elevated train at 46th street station and free parking is provided at the Enterprise Center.

About the Urban League Young Professionals of Philadelphia (ULYP)

The Urban League Young Professionals (ULYP) is a part of a national network of young professionals (age 21 to 44) who provide leadership development, economic empowerment and community volunteer opportunities for other young professionals. The organization trains, develops, and educates young professionals to take leadership roles within the Urban League of Philadelphia, the civil rights movement, and society-at-large. Members of ULYP are defining, developing, implementing, and leading the next generation civil rights agenda. The ULYP is a part of the National Urban League Young Professionals.

About Fannie Mae

Fannie Mae is a shareholder-owned company with a public mission. We exist to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates.

SOURCE Urban League of Philadelphia

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