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Scot editor Put CUs in schools banks not fit to teach
GLASGOW, Scot. (4/16/10)--A newspaper columnist in Scotland took the Royal Bank of Scotland to task for handing out promotional literature to students as part of money management classes. Instead, put credit unions in the schools, the article said. "Credit unions are all the good bits of banking and none of the bad. They lend at sensible rates and they pay sensible rates. [It is] Banking without the bull and the bonuses," wrote Lesley Campbell in the Daily Record (April 15). "Since we have an established network of well-run credit unions, managed by experts in responsible lending, why are they not in the schools instead of the banks?" Campbell asked. "A bank is not fit to teach money skills, just as a soft drinks manufacturer shouldn't be allowed to teach nutrition," said the article. Campbell had the chance to make the same points to the Scottish government at the invitation of the Association of British Credit Unions (ABCUL), the trade association for credit unions in the United Kingdom. "Get the banks out of schools and get credit unions to take their place," the article concluded.
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