TALLAHASSEE, Fla., and COLUMBUS, Ohio (4/4/14)--Leagues in Florida and Ohio are calling on their member credit unions to contact their state legislators to move forward bills on financial education and public fund deposits.
The League of Southeastern Credit Unions is urging credit unions to support Senate Bill 212 that would require a half-credit in personal financial literacy as a requirement for high school graduation (eSignal April 3). Topics include basic principles of money management, balancing a checkbook, insurance, savings and investing, among others.
The league's governmental affairs team has been working with state Sen. Dorothy Hukill (R-Port Orange) to promote the importance of financial literacy--something credit unions consistently provide to their communities.
The bill currently has 10 co-sponsors, and the league is asking credit unions to submit letters via its LSCU Action Center to the Senate Subcommittee on Education Appropriations.
In Ohio, the Community Access and Local Government Choice Act, House Bill 221, is facing opposition from bankers. Currently in the House of Representatives, the legislation opens up credit unions as public fund depositories for local governments.
The Ohio Bankers League is asking legislators to vote against HB 221, saying credit unions are "not sophisticated enough to hold public deposits" (eLumination April 2). The legislation, however, is in response to requests from local governments that want to work with credit unions.
The Ohio Credit Union League encourages credit unions to visit The Rallying Point to get four talking points, then call or write their state representatives.
Credit union advocates also are advised to sign up for Tuesday's legislative visits during the league's inVest48 conference.