BALTIMORE, Md. (3/10/09)--Maryland state education officials have written a letter indicating the state will follow through on the recommendations of the Maryland State Task Force on Financial Literacy. The task force included two credit union representatives. The task force submitted its recommendations in a report to the Maryland State Board of Edcuation (MSBE) in January. It requested that MSBE implement financial literacy education within the existing Voluntary Statewide Curriculum. The two credit union representatives on the governor's task force are Bert Hash, CEO of MECU of Baltimore, and Thom Beck, CEO of MCT FCU, Rockville. On March 2, Maryland State Superintendent Nancy Grasmick released the letter replying to the report. In it she outlined three steps MSBE will take in response to the task force report. MSBE will:
* Form a design team to ensure that K-12 content standards are developed that explicitly speak to financial literacy; * Develop a prototype course for local school systems to teach financial literacy concepts to middle and high school students; and * Convene an advisory group to engage local representatives from the education and financial services communities.