Michigan governor signs financial literacy education bill

Michigan Gov. Gretchen Whitmer signed House Bill 5190, a bipartisan bill updating Michigan’s high school curriculum to include a financial literacy course for the first time in state history. The Michigan Credit Union League and Michigan's credit unions supported the legislation. 

“Michigan’s credit unions have been constant and steadfast advocates for increased financial education opportunities for our Michigan students,” said Patty Corkery, president/CEO of the Michigan Credit Union League. “As an industry, we see the value and impact knowledge of personal financial basics can have on a future borrower and consumer. Our credit unions have been fully supportive of all the work done to get this very important issue through.” 

Whitmer said at the signing ceremony financial literacy is a skill she wants every high school graduate in Michigan to possess. 

“I am proud to sign this bipartisan bill requiring all public school students to take a personal finance course," she said. "Every young Michigander deserves to know how to budget, save, and invest their money wisely so they can get off a great start after high school, whether they go to college, start working, or open a small business."