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Recent Press Releases:
Credit Unions Provide Answer
to Financial Literacy and 2010 Mandate
(April
30, 2008)
Columbus, Ohio – Less than one quarter (23 percent) of
Ohioans make any effort to encourage financial literacy in
their families according to research conducted by the Ohio
Credit Union League. The Ohio General Assembly addressed
this growing public need by requiring financial education be
taught in all public high schools by 2010 (SB 311, 126th
GA). The Ohio Credit Union League launched MoneyAndStuff to
help educators meet the state’s requirement and to arm
parents with tools to teach money matters at home.
ZENITH08 Welcomes Ohio CU
Leaders to Columbus
(April 22, 2008)
Dublin, Ohio –
Nearly 700 credit union leaders from Ohio and 300 exhibitors
will descend on Columbus for the state’s annual credit union
convention, ZENITH08, April 24 - 25. The state’s
largest gathering of credit unions boasts an agenda
attractive to credit union CEOs, staff, board members, and
guests. The range of educational topics include enhancing
technology for member services, benefits and drawbacks of
mergers, “greening” your operations, tapping key members,
and capitalization.
Parents, Educators Should
Spotlight Financial Literacy in April
MoneyAndStuff.info has free financial education curricula,
games, and tips
(April 1,
2008)
Dublin, Ohio – Ohio credit unions are recognizing
April as Financial Literacy Month and reminding parents and
educators about the importance of teaching financial
education at home and in the classroom. In 2006, the Ohio
General Assembly created a mandate requiring financial
education in all Ohio high schools by 2010. However, the
need for financial education is immediate, and the Ohio
Credit Union League is arming parents and teachers with
educational tools through their MoneyAndStuff initiative.
Shared Branching Sets Credit
Unions Apart
(March 27, 2008)
Dublin, Ohio – More than 80 credit unions in Ohio
participate in Shared Branching, which allows credit union
members to conduct brick and mortar transactions in all 50
states and in six foreign destinations. Created with
members’ convenience in mind, Shared Branching allows credit
unions across the country to actually "share" their
participating branches with each other, providing service to
other credit union’s members. Branches participating in the
network are being added at a rate of 1.5 per day.
StretchPay Saved Consumers
More Than $3 million in 2007
(February 28, 2008)
Dublin, Ohio –
A credit union alternative to
traditional payday lending, StretchPay, saved members of
thirty-one credit unions more than $3 million in 2007.
Collectively, credit unions in Ohio, Maryland,
Michigan, and District of Columbia made 64,400 StretchPay
salary advance loans last year totaling nearly $25 million.
They accumulated $476,000 in fees and $187,000 in interest
at an annual percentage rate (APR) of 18%. Members borrowing
the same amount at traditional payday lenders – which
typically charge $15 per $100 borrowed and up to 391% APR --
would have paid more than $3.7 million in interest and fees.
Ohio Credit Unions Launch Effort to Improve
Financial Literacy
(February 19, 2008)
Hamilton, Ohio – Have you had the “talk” with your kids yet? Most
parents try to talk to their children about making the right
choices when it comes to smoking, drinking, and dating. But
how many parents educate their children about making wise
decisions when it comes to money and credit? Not many, it turns
out. That’s why the Ohio
Credit Union League (OCUL) launched a financial education
initiative today in Hamilton, called MoneyAndStuff™.
Ohio Credit Unions Launch Effort to
Improve Financial Literacy
(February 19, 2008)
Cincinnati, Ohio – Have you had the “talk” with your kids yet?
Most parents try to talk to their children about making the right
choices when it comes to smoking, drinking, and dating. But
how many parents educate their children about making wise
decisions when it comes to money and credit? Not many, it turns
out. That’s why the Ohio Credit Union League (OCUL) launched a
financial education initiative today in Cincinnati, called
MoneyAndStuff™.
Ohio Credit Unions Launch Effort to Improve
Financial Literacy
(February 11, 2008)
Toledo, Ohio – Have you had the “talk” with your kids yet? Most
parents try to talk to their children about making the right
choices when it comes to smoking, drinking, and dating. But
how many parents educate their children about making wise
decisions when it comes to money and credit? Not many, it turns
out. That’s why the Ohio
Credit Union League (OCUL) launched a financial education
initiative today in Toledo, called MoneyAndStuff™.
Ohio Credit Unions Launch Effort to Improve Financial
Literacy
(January
9, 2008)
Lima, Ohio –
Have you had the
“talk” with your kids yet? Most parents try to talk to their
children about making the right choices when it comes to
smoking, drinking, and dating. But how many parents educate
their children about making wise decisions when it comes to
money and credit? Not many, it turns out.
Make Your Financial Well-Being a Resolution in 2008
(January 04, 2008)
Dublin, Ohio – The New Year is traditionally a time to
reflect upon the past year and plan for the future. Ohio’s
credit unions and the Ohio Credit Union League are offering
five resolutions that can help almost anyone improve their
current financial status, an important aspect of overall
health and happiness. From learning how to monitor expenses
through budgeting, to understanding and managing debt, make
2008 the year you improve your overall financial well-being.
Ohio Credit Unions Launch Effort to Improve Financial
Literacy
(December
13, 2007)
Youngstown, Ohio –
Have you had the
“talk” with your kids yet? Most parents try to talk to their
children about making the right choices when it comes to
smoking, drinking, and dating. But how many parents educate
their children about making wise decisions when it comes to
money and credit? Not many, it turns out.
Spending Tips for Holiday
Shoppers from Credit Unions
(November 30, 2007)
Dublin, Ohio – Ohio’s credit unions are reminding
shoppers to spend wisely this holiday season by offering
tips on how to spread holiday cheer without falling into
unmanageable debt. It is common to open your hearts, and
your wallets, when looking for the perfect gift. However,
the holiday season can often leave those who overspend
seeing more red than green. Credit Union National
Association Chief Economist Bill Hampel says that even
though consumers are concerned about rising expenses, such
as the price of gas, spending is likely to increase slightly
this year over last.
Ohio Credit Unions Launch Effort to Improve Financial
Literacy
(November
20, 2007)
Kent, Ohio – Have you had the “talk” with your kids
yet? Only 23 Percent of Ohioans Encourage Financial
Education. Most parents try to talk to their children about
making the right choices when it comes to smoking, drinking
and dating. But how many parents educate their children
about making wise decisions when it comes to money and
credit? Not many, it turns out.
Ohio Credit Unions Launch Effort to Improve Financial
Literacy
(November
20, 2007)
Cleveland, Ohio – Have you had the “talk” with your kids
yet? Only 23 Percent of Ohioans Encourage Financial
Education. Most parents try to talk to their children about
making the right choices when it comes to smoking, drinking
and dating. But how many parents educate their children
about making wise decisions when it comes to money and
credit? Not many, it turns out.
Lack of Financial Literacy in
Ohio Discussed at Forum
(October 29, 2007)
Only five percent of Ohio adults recall being taught
personal finances when they were younger. This lack of
financial literacy prompted the Ohio Credit Union League to
focus on the critical need for financial education at the
League’s 2007 Credit Union Forum on Public Affairs in
Columbus. Ohio Governor Ted Strickland addressed credit
union leaders at the forum, reinforcing the importance of
financial education and thanking credit union leadership for
their commitment to providing financial education
opportunities within their communities.
Credit Unions Celebrate
Serving Their Members
(October 17, 2007)
Credit unions across Ohio and around the world will
commemorate International Credit Union Day on Thursday,
October 18, under the theme, “Credit Unions: Together We’re
Better.” Ohio’s 438 credit unions and 2.7 million members
will celebrate the unique service that credit unions provide
and the many ways families and communities benefit from the
credit union difference.
Members pass Ohio Credit Union
League’s dues proposal by wide margin
(September 10, 2007)
The Ohio Credit Union League’s proposed new dues model has
been passed by its member credit unions by a margin of 77
percent. Fifty-eight percent of the League’s membership
participated in the ballot process. The League’s 347 member
credit unions voted via mail ballot between August 1 and
August 31. The proposal was unanimously supported by the
League’s board of directors.
Ohio credit unions feed
neighbors in need with third annual Ohio Credit Union Food
Drive
(November 22, 2006)
One in eight Ohioans went hungry during the past two years –
making Ohio the 13th hungriest state and the third
fastest in growing hunger in the nation. Three chapters of the
Ohio Credit Union League and 27 credit unions across the state
collected thousands of pounds of non-perishable food to help
restock the depleted shelves of local food pantries and feed
community members in need. During October, Ohio’s credit
unions collected non-perishable food items and monetary
contributions as part of the third annual statewide Ohio
Credit Union Food Drive. All donations were given to food
pantries and charities in each credit union’s local community.
Students learning critical financial skills thanks to Ohio
credit unions
(October 31, 2006)
Students returned to school this fall to learn about
subjects that will help them succeed in life. But one
critical element missing from most Ohio primary and
secondary school students’ curriculum is financial
education. The average teenager has at least $1,500 of
personal credit card debt when they enter college, according
to MSNBC.com, because they didn’t learn personal financial
skills at home or in school and fell into a cycle of debt
early in life. Ohio’s credit unions are working to change
that by teaching students sound financial practices that
will result in a lifetime of wise financial decisions.
Lower-income Americans can buy
first homes
thanks to Ohio credit unions
(September 25, 2006)
As home prices rise along with interest rates, the dream of
homeownership becomes more and more distant for many
Americans. But Ohio’s credit unions are helping lower-income
Americans buy their first homes and begin building personal
wealth.
Credit Unions Reach Out, Offer
Consumers Alternative to Payday Loans
(June 15, 2006)
A group of Ohio credit unions and the Ohio Credit Union
League have unveiled a new low-cost loan alternative to help
consumers who are caught up in the payday lending treadmill
and paying as much as 400 percent APR (annual percentage
rate) for a short-term loan.
Ohio Credit
Unions explore ways to
innovative ways to reach out to Ohioans
(May
15, 2006)
The Ohio Credit Union League is hosting the 2006 Outreach
Forum -- Living the Mission -- on May 23-24, to showcase new
ways that Ohio credit unions are serving modest means
Americans. “The credit union industry is at an inflection
point in our history … a point that has us facing a
permanent and lasting shift in what it means to be a credit
union,” according to Ohio Credit Union League Chairman Doug
Fecher.
One-of-a-kind mobile branch debuted
at Ohio Credit Union System ZENITH06
(May 5,
2006)
A state-of-the-art, amenity-laden, full-service mobile
branch unlike anything else in the country debuted at a
special exhibit at the Ohio Credit Union System’s ZENITH06,
April 20-21 in Cleveland. More than 800 Ohio credit union
officials attending ZENITH06 took guided tours of
Romary Associates’ “Bankroll,” a prototype 46-foot mobile
branch built on a semi-truck chassis.
AurGroup Financial CU's CEO elected
chairman
of Member Business Lending CUSO
(April 6, 2006)
Tim
Boellner, CEO of
AurGroup
Financial Credit
Union in
Fairfield, is the
newly-elected
chairman of
Cooperative
Business
Services (CBS).
CBS is a member
business lending
credit union service organization (CUSO)
cooperatively
owned by the
OCUL Services
Corporation and eight
Ohio credit
unions.
Ohio Credit Union League
announces 2006 Leadership Award winners
(February 23, 2006)
The Ohio Credit Union League
has announced the winners of its annual Leadership Recognition
awards, the top awards of the Ohio credit union movement. The
awards recognize outstanding performances by credit unions,
individuals, and chapters within the credit union industry and
movement.
Credit unions across Ohio
gather food to feed neighbors in need
(November 14, 2005)
The Ohio Credit Union League and
32 credit unions across the state helped restock the
depleted shelves of local food pantries and feed community
members in need. During October, Ohio’s credit unions
collected non-perishable food items and monetary
contributions which were donated to charities in each credit
union’s local community. This is the second year the Ohio
Credit Union League has coordinated a statewide Ohio Credit
Union Food Drive.
Credit unions rank #1 in consumer
satisfaction for 21st consecutive year
(Oct. 18, 2005)
For 21 years
in a row, credit unions ranked #1 in the "customer satisfaction"
category of the 2005 American Banker/Gallup Consumer Survey.
Seventy-one percent of members said they were very satisfied
with their credit union.
Ohio Credit Union Foundation
aids Hurricane Katrina victims with $25,000 grant; Ohio credit unions
contribute to disaster relief
(Sept. 15, 2005)
The Ohio Credit Union Foundation
has contributed $25,000 to the National Credit Union
Foundation’s Hurricane Katrina Disaster Relief Fund.
The Ohio
Credit Union
Foundation
is also accept
contributions to
its Hurricane
Katrina Relief
Fund to aid
credit unions in
Alabama,
Louisiana, and
Mississippi.
Many of Ohio’s
credit unions
have answered
the call to
assist credit
unions in the
affected states.
Manager of Southeastern Ohio
Credit Union receives Ohio Credit Union Foundation’s
Humanitarian of The Year Award for flood relief work
(High Resolution photo available)
(May 10, 2005)
A credit union manager who organized a major relief
effort after flooding devastated the City of Marietta, Ohio,
has been honored with the Ohio Credit Union Foundation’s
inaugural Humanitarian of the Year Award. Marsha Leasure,
the manager of $12 million Southeastern Ohio CU in
Cambridge, was honored for her exceptional leadership
Ohio Credit Unions donate 343 hours of phone cards to let troops
overseas call home
(High Resolution photo available)
(May 4, 2005)
Ohio credit
unions have donated more than 100 long-distant calling cards
to the USO in a project that will
allow troops overseas more than 340 hours of talk time to speak
with loved ones back home.
Ohio Credit Union League says new
bankruptcy reform bill will benefit credit union members
(April 15, 2005)
The state trade
association representing nearly 400 credit unions in Ohio
supports Congress' passage of a new bill that will reform the
way individuals declare bankruptcy. The Ohio Credit Union League
said the reforms will benefit Ohio's nearly 3 million credit
union member/owners.
Credit union legislation introduced
in Ohio General Assembly
(Feb. 24, 2005)
Legislation introduced this week in the Ohio House of
Representatives and the Ohio Senate would update the Ohio Credit
Union Act for the first time in 18 years, and benefit Ohio’s 2.8
million credit union members and other consumers who are eligible
to join credit unions.
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