LSCU's Ross talks CU legislative priorities on Tampa radio
April 7, 2015
TAMPA, Fla. (4/8/15)--Public funds depositories, patent "trolls," financial education and the credit union difference were among the topics discussed by Jared Ross from the League of Southeastern Credit Unions with a Tampa, Fla., business radio show last week.
Ross, senior vice president of association services, spent roughly 10 minutes talking about Florida credit union priorities with Jamie Meloni, host of WHNZ-AM 1250's "The Business Show with Jamie Meloni," during the April 2 broadcast.
Meloni asked what issues the Florida Credit Union Association had in its sights for the current legislative session.
Ross talked about the desire of local government entities to use credit unions as depository institutions for public funds. "Credit unions are locally owned, which means money will stay in the community and not be shipped to bank headquarters" out of state, he told Meloni.
Because credit unions are not-for-profit cooperatives, they may also provide a better return on deposits, Ross added. "Every penny under the couch" counts for budget-conscious organizations such as schools and municipalities, he said.
Meloni, who talked about being a proponent of financial literacy, also learned how credit unions support financial education at all levels.
It's built on the core of what credit unions believe in--to help people be financially responsible, Ross told Meloni. "The life of healthy finances begins early."
The league and Florida credit unions have been working with Sen. Dorothy Hukill (R-Port Orange) and Rep. Heather Fitzenhagen (R-Fort Myers) on legislation that would mandate a half-credit class in financial literacy for high school graduation.