LIVONIA, Mich. (12/1/15)--Michigan Gov. Rick Snyder signed into law HB 4390--Michigan Credit Union League-supported (MCUL) legislation that will help high school students understand and manage personal finances by earning credit for financial literacy courses.

"Learning how to navigate personal finances and budgeting in the real world is an important life skill for young adults," said Snyder, who signed the bill Nov. 16 (Monitor Nov. 30). "To have the best Michigan economy possible, we should empower high school students to learn the basics of our economic system and how to guide their own financial futures."

HB 4390 allows the Michigan Merit Curriculum half-credit economic requirement to be satisfied by completing a course in personal economics that includes a financial literacy component.

Credit unions can assist educators with free tools and resources to include in a course of personal economics by directing them to the “For Educators” page on the MCUL website’s Financial Education Portal.