The legislation would require DC public schools to develop a financial literacy elective for students in grades 11 and 12.

Students would learn about the types of financial institutions available, including banks and credit unions, and gain knowledge about debit and credit cards, interest, credit scores, saving and investing, personal budgeting and college financial aid.

In testimony before the DC Council, MD|DC Credit Union Association president/CEO John Bratsakis said advancing financial wellness is a priority for credit unions. He shared how credit unions and the Association partner with schools to teach money management skills through financial reality fairs and the Millionaires Club.

The Association will continue to monitor the progress of the bill.