Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Md. Board of Education accepts fin lit recommendation
ANNAPOLIS, Md. (2/3/09)--The Maryland State Board of Education (MSBE) voted to accept the recommendations of the State Task Force on Financial Literacy and begin to implement financial literacy instruction within the voluntary curriculum. Bert Hash, CEO of MECU, Baltimore, and a Maryland and District of Columbia Credit Union Association (MDDCCUA) board member, and Thom Beck, CEO of MCT FCU, Rockville, serve on the task force (Focus Newsletter Feb. 2). Members of the task force petitioned MSBE Jan. 27 to adopt its recommendations and implement some form of financial literacy education within the voluntary statewide curriculum. State Delegate Dana Stein (D-11), Delegate Susan Krebs (R-9B), and State Sen. Katherine Klausmeier (D-8), spoke on behalf of the task force during the hearing, and answered questions from the state board. Krebs stressed how important the subject is, pointing out that “students need to be educated on such basic issues as what goes into a credit score.” Stein reiterated how the past year’s negative economic effects have created a “broad coalition of support for financial literacy” within the Maryland General Assembly. Klausmeier also urged the board to support the task force’s recommendations, stating that it will be difficult to implement financial literacy within Maryland’s schools “without the help of the board of education.” Stein, Krebs and Klausmeier were able to assuage the concerns of the board by pointing to non-profit programs currently in place that, at a minimal cost, could be used to both help train teachers in financial literacy instruction and implement financial literacy courses in schools, said MDDCCUA. It is expected that MSBE will reply to the task force recommendations by March 1.
Other Resources

RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
12 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
13 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
15 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
15 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
18 hours ago