SACRAMENTO, Calif. — The California Credit Union League will meet with Governor Arnold Schwarzenegger on Feb. 7 to discuss ways to implement his new Bank on California program. However, thanks to the Golden State's current budget crisis, there will probably be little funding for the initiative if any at all.
League Director of State Government Affairs Ron Fong said Schwarzenegger is genuinely concerned with the state's four million "unbanked" citizens, but characterized the governor's Jan. 24 press conference announcing the program as simply a call to action for financial institutions to work together to find a solution.
Fong said he placed a call to the governor's office as soon as he learned of the initiative.
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