BATON ROUGE, La. -Legislation has been introduced in this state to allow credit unions to open branches inside schools.
The bill came after an Ascension Parish high school was barred from opening a credit union on its campus in 2025, State Rep. Tony Bacala is authoring legislation that would possibly change that outcome, according to WBRZ.
The prefiled bill, HB 285, proposes that a local school board could enter into a cooperative endeavor with a credit union to operate a branch at a high school, the report stated.
Bacala told the news outlet the credit union would help teach financial literacy, a necessary course all high school students need before graduation.
Earlier Plan Rejected by AG
As the CU Daily reported earlier, East Ascension High School asked to open a credit union at its high school for the course, but that effort was rejected in September by Attorney General Liz Murrill, who said the school’s plan was purely for financial gain and not educational.
