Financial Ed Bill In New York

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Legislation that has the backing of this state's credit unions and which would promote financial education has been introduced in the New York State Legislature. The "Student Financial Education Act" would authorize state-chartered credit unions to establish "student branches" in participating public elementary and secondary schools as tools to teach financial literacy. The bill would modify current banking law to authorize New York's 37 state-chartered credit unions to open and maintain student- run credit union branches in schools not already within their fields of membership.

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