ALBANY, N.Y. – Gov. George Pataki signed in to law the Student Financial Education Act, legislation crafted by the New York State Credit Union League and its State-Chartered Credit Union Advisory Group, that modifies current banking law and authorizes New York’s 36 state-chartered credit unions to open and maintain student-run credit union “branches” in schools not already in their field-of-membership. The measure was sponsored by Assemblyman Ronald Tocci (D-New Rochelle) and Sen. Stephen Saland (R-Poughkeepsie).The NYSCUL thanked the legislators “for carrying this legislation through their respective houses. We also applaud the Governor for recognizing the importance of legislation that promotes financial education among today’s students and signing that legislation in to law.”

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