Sen. Patty Murray (D-Wash.) has enlisted the help of several credit union leaders to enlist support for her measure to provide funding for financial literacy programs.
Washington Credit Union League President/CEO John Annaloro, Gesa Credit Union President/CEO Christina Brown and Spokane Teachers Credit Union President/CEO Steven Dahlstrom have, or are scheduled to make, appearances supporting Murray's proposal.
The Financial and Economic Literacy Improvement Act of 2009, which Murray is cosponsoring with Sen. Thad Cochran (R-Mississippi) and Rep. Carolyn McCarthy (D-N.Y.), would provide $250 million for each of five years in the form of grant money for K-12, two-year and four-year college programs. States would apply for the grant money.
"If we are going to avoid many of the mistakes that led to this crisis, we need to focus on giving Americans the skills to understand the fine print and avoid mounting debt. In January, after President Obama took the oath of office he called for an era of personal responsibility. This bill helps Americans to usher in that era," Murray said when introducing the measure last month.
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