DOVER, Del.–A financial literacy bill backed by Delaware’s credit unions has been passed.
With State Rep. Jeff Hilovsky as the driving force behind House Bill 203 — a “landmark financial literacy bill,” according to the Cooperative Credit Union Association, the new law will ensure that every Delaware student completes a half-credit course in financial literacy before graduating high school, equipping the next generation with the tools to manage money wisely and build a stronger financial future.
“Financial education empowers people to make sound decisions for themselves and their families,” Maurice Dawkins CEO of American Spirt FCU, said in a statement. “It helps break the cycle of living paycheck to paycheck — guiding choices not by emotion, but by logic and understanding.”
The CCUA said the success didn’t happen overnight and was built through countless conversations in Dover, with heartfelt stories shared with legislators, and letters of support from credit union leaders who “know firsthand how financial education changes lives.”
Not Happen Overnight
Added CCUA President/CEO, Ron McLean, “Working on this bill underscores the collective efforts of our Delaware members in empowering our communities, in making a difference in the lives of those we serve. That is the credit union difference.”
