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 FOR IMMEDIATE RELEASE

Ohio Credit Union League Publishes Business Services Checking Guide for Credit Unions

 Dublin, Ohio (Sept. 6, 2002) – A Credit Union Business Checking Account Guide published by the Ohio Credit Union League and its business affiliate will give credit unions the tools they need to serve small businesses – a demographic historically overlooked by credit unions.  The Guide is believed to be the first of its kind produced in the credit union industry.

 “Now is the time for credit unions to tap into the world of business services opportunities,” said Rose Bartolomucci, chair of Ohio’s Member Business Services Task Force and CEO of Kent Credit Union.  “We’ve studied this for more than a year, and know that the business checking account is the core service to attract and retain business relationships.”  Bartolomucci said that as credit unions continue to expand their fields of membership to more employer, associational, and community groups, the need for business services is more widely requested.

 Dave Shoup, the Ohio League’s director of research and information, authored the new Credit Union Business Checking Account Guide.  “We hope this information will ease credit unions’ initial compliance concerns and create the confidence needed to begin to serve small businesses,” said Shoup.  “Our goal is to give credit unions the tools they need to identify what processes are necessary to implement, operate, and expand business accounts.”

 Released to credit unions in August, the Guide provides operating forms and instructions, policy and pricing guidelines, research findings, and other resources to assist Ohio credit union executives in deciding whether business services are right for their credit unions.   

Find more information at the League's Member Business Services web page

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The Ohio Credit Union League, with offices in Dublin, is a state trade association representing more than 500 credit unions.  Credit unions are not-for-profit financial institutions owned and democratically controlled by their members.  Ohio credit unions provide savings, loans, and other consumer financial services to their nearly 3 million members.  To learn more, visit www.OhioCreditUnions.org.

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