DENVER — School districts in Colorado will have to incorporate financial literacy into their curricula, as a result of a law signed recently by Gov. Bill Ritter.
The Credit Union Association of Colorado was a strong backer of the measure, which was passed by the legislature last month. The association's members have been active in developing programs to teach young people about the importance of financial literacy.
“We have had success in promoting financial literacy to our credit unions' membership and the communities we serve, but as a result of the signing of this law, credit unions have a window of extending that success in working with out school districts by providing objective financial education tools,” said Timothy Dore, senior vice president of the Credit Union Association of Colorado.
In light of the recent subprime mortgage crisis and other economic problems, there has been greater attention nationally to increasing the public's awareness of personal finance issues. President Bush has appointed a task force that is making recommendations on government and public-private partnerships in this area
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