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News Now

CU System
Baltimore council OKs league-backed fin ed measure
BALTIMORE (8/18/09)--The Baltimore City Council approved a financial literacy bill Aug. 10 that was supported by the Maryland and District of Columbia Credit Union Association (MDDCCUA). The bill, introduced by Rep. Helen Holton (D-8) and co-sponsored by 11 members on the council, requests that the New Board of School Commissioners and the CEO of Baltimore City Schools examine the feasibility of requiring students to pass a course in financial literacy to graduate from Baltimore City schools (FOCUS newsletter Aug. 17). MDDCCUA supports the measure and hopes it will continue to facilitate a dialogue between community leaders, education leaders, legislators and community residents regarding the importance of financial literacy education. In July, MDDCCUA Vice President of Legislative Affairs Brian Tate testified in support of the resolution before the Baltimore City Council Education Subcommittee. Dorothea Stierhoff, Municipal Employees CU of Baltimore public affairs specialist, also testified in support. MDDCCUA said it continues to monitor the issue and will provide updates on future developments.
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