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CU System
Maryland legislative night discusses fin ed bill
ANNAPOLIS, Md. (2/5/08)--More than 70 credit union representatives joined 40 Maryland legislators Wednesday night at the Maryland and District of Columbia Credit Union Association’s (MDDCCUA) Legislative Night Reception. Among topics discussed was a financial education bill.
Posing at the Maryland and District of Columbia Credit Union Association's (MDDCCUA) Legislative Night Reception are, from left: Bert Hash, president/CEO of Municipal Employees CU, Baltimore; state House Speaker Mike Busch; MDDCCUA President/CEO Mike Beall; and Jim Brown, attorney. (Photo provided by the Maryland and District of Columbia Credit Union Association)
MDDCCUA President Mike Beall said he encouraged the adoption of a financial literacy bill, which would create a task force to study financial education and develop solutions to improve it in area schools. The task force would comprise credit union representatives and other educational agencies and groups (Focus Newsletter Feb. 4). It’s crucial that Maryland credit unions grow and be more dominant in the marketplace to protect consumers and serve them with low-cost financial services, he said. The bill, the Task Force to Study Mandatory Financial Literacy Education in Maryland Schools, is co-sponsored by Del. Dana Stein (D-Baltimore) and State Sen. C. Anthony Muse (D-Prince Georges County). Stein spoke at the reception, saying credit unions provide a great service to the state’s citizens and noting he is a proud credit union member. Mike Busch, state House Speaker, said he was proud to be a credit union member. Local credit unions are important to Maryland’s economy, and they should get to know their legislators and tell them what they do for their communities, he added.
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