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CU System
Colorado CUs support fin lit legislation
DENVER (6/10/08)--The Credit Union Association of Colorado was pleased to see financial literacy legislation (House Bill 08-1168) signed into law by Colorado Gov. Bill Ritter.
Click to view larger image Colorado Gov. Bill Ritter, flanked by credit unions, signs into law House Bill 08-1168, a financial literacy measure supported by the Credit Union Association of Colorado.
The financial literacy legislation passed the Colorado State General Assembly on May 5 and was effective immediately upon the governor’s signature. A group of credit union CEOs and the association government affairs staff attended the signing ceremony held at the State Capitol. The law requires school districts statewide to adopt financial literacy education into their curriculums. It not only heightens awareness for financial literacy in the state's communities, but also presents an opportunity for credit unions to partner with their school districts and offer a turnkey financial literacy program, said the association. “Financial literacy and education have been one of the cornerstones of the credit union movement,” said Timothy Dore, association senior vice president.
Click to view larger image A group of credit union CEOs and the Credit Union Association of Colorado's government affairs team pose before attending a signing ceremony for the state's new financial literacy law. (Photos provided by the Credit Union Association of Colorado)
“We have had success in promoting financial literacy to our credit unions’ membership and the communities we serve, but as a result of the signing of this law, credit unions have a window of extending that success in working with our school districts by providing objective financial education tools," said Dore. "This law is as much about providing financial literacy for the future as it is about providing financial literacy today, and credit unions are happy to have the opportunity to serve our communities in this manner,” Dore noted.
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