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Recent Press Releases:
Ohio Credit Unions Add More
Than 28,000
Members in 12 Months
Columbus, Ohio (October 15, 2012) According to the
latest Ohio Credit Union Quarterly Performance Summary, an
increased anti-bank sentiment among consumers helped Ohio
credit unions boast another strong economic performance,
particularly in membership, deposit account, and loan
growth. The second-quarter report, which analyzes data from
June 2011 to June 2012, reveals Ohio credit unions added
more than 28,000 new members during the 12-month period,
54,200 checking accounts, and a 35% rise in loan
originations.
Ohio Credit Union Consumer
Loan Originations Rise 37%;
More than $970 Million Originated in First Three Months of
2012
Columbus, Ohio (July 10, 2012) Ohio credit union
consumer loan origination growth outpaced the national
average, increasing 37.1% (March 2011 to March 2012) to $972
billion, according to the Ohio Credit Union Quarterly
Performance Summary. Consumer loans were the driver of
overall loan origination growth, which rose 33.7% to $1.5
billion over the same time period. Loan balances increased
4.7% over the previous 12 months at Ohio credit unions, more
than double the national rate of 2.1%. According to the
summary, every component of loan originations posted an
increase over the previous first quarter.
Ohio Credit Union Foundation
Announces 2012 Video Scholarship Winner
Columbus, Ohio (May 17, 2012)
Twenty-three Ohio credit union student members submitted
videos to the Ohio Credit Union Foundation (OCUF) as part of
the OCUF Video Scholarship competition. Each submission
answered the question, “How Financially Savvy Are You,” in
hopes of winning $5,000 in scholarship money toward higher
education goals. OCUF Trustees recently announced the winner
of the 2012 scholarship, Matthew Kubiak, a member of
Directions Credit Union in Toledo, who will attend the
University of Dayton in the fall.
Small Business Loan Growth
Among Ohio Credit Unions Remains Strong; 24% Increase in
Member Business Loan Originations
Columbus, Ohio (April 26, 2012) The demand for small
business lending in Ohio remains strong, and Ohio credit
unions responded with $133.2 million in member business
lending (MBL) originations in 2011, up 23.7% from 2010
($107.7 million). According to the Ohio Credit Union
Quarterly Performance Summary, 105 of Ohio’s 377 credit
unions reported outstanding business loan balances,
representing a total of $430.5 million in outstanding
balances statewide.
Feel the Love: Why Credit
Unions Love You Like No Other
Columbus, Ohio (February 6, 2012)
The relationship between a consumer and his or her financial
institution is often a tumultuous one, full of give and take
in the form of withdrawals, deposits and fees. However,
there is a way to smooth-over your relationship; you might
just need some old-fashioned financial “counseling.” Join
nearly 2.7 million Ohioans who are feeling the love from
credit unions, which put $120 million back in the pockets of
their members last year.
2011 OCUF Grants Emphasize CU Philosophy, Strengthen Leadership
Columbus, Ohio (January 25, 2012)
Thanks to the generosity of many credit unions, individuals,
chapters, and business partners, the Ohio Credit Union
Foundation (OCUF) awarded 67 grants in 2011, totaling more than
$197,000, to assist credit unions, communities, and individuals
across Ohio.
Tips to Keep Holiday Debt
Under Control
Columbus, Ohio (November 30,
2011)
The Ohio Credit
Union League (OCUL), Credit Union National Association, and
Consumer Federation of America suggest the following tips to
avoid getting deep into debt during the holidays. “Though
unintended, it is common to let wise spending habits lapse
during the holiday season,” said Paul Mercer, OCUL
President. “However, there are ways to spread cheer without
busting your monthly budget.”
People vs. Profit: Central Ohio Credit Unions Put
the Credit Union Difference to Work for Their Members
Columbus, Ohio (October 26, 2011) Like many Ohioans,
Cherita Peeks struggled with her finances. Not long ago, the
single, working mother of two was unable to obtain a traditional
checking account as a result of some previous unintended
overdrafts. Peeks’ only option was to cash her paychecks at
check cashing outlets, paying fees that took a bite out of her
income. Then she happened upon a Central Ohio credit union.
VIDEOS Included
Eight out of 10 Credit Unions
Still Offer Free Checking
Columbus, Ohio (October 5, 2011)
Consumers
upset by escalating bank fees on debit cards and checking
accounts should turn to a credit union. According to a
survey from the Credit Union National Association (CUNA),
eight out of 10 credit unions provide their members with a
checking account free of minimum balance requirements,
maintenance, and activity fees. CUNA’s Benefits of
Membership report for Ohio estimates that the state’s credit
unions provided $132 million dollars in savings by offering
fairly-priced financial products and services and lower
fees.
Finances 101, the Popular
Financial Education Reality Game, Goes Online
Perrysburg, Ohio (October 3, 2011) – Students and
faculty at the Penta Career Center joined public officials
and credit union leaders from Northwest Ohio to introduce
the online version of the financial education reality game
Finances 101: “Walk the Walk, Talk the Talk.” Since 2003,
nearly 6,400 students across Ohio have walked through the
in-person version of the game, learning to make difficult
financial choices while playing a simulated “game of life.”
A $26,000 grant from the Ohio Credit Union Foundation (OCUF)
now enables students to play the game virtually in
classrooms and living rooms across the state and around the
country.
Business Loan Originations by
Ohio CUs Grow by 20%+; Ohio Members Approach 3 Million; Loan
Delinquencies Decline
Columbus, Ohio (July
20, 2011) Credit unions in Ohio posted a strong first
quarter financial performance, in-line or better than
national credit union trends, as financial institutions
operate within a more “normal” economic environment,
according to the Ohio Credit Union League’s (OCUL) Quarterly
Performance Summary. According to the report, annual growth
figures for assets, shares, and loans through the first
quarter of 2011 all exceed or are similar to national
averages, with member business lending (MBL) origination
boasting a $23.7 million gain (20.1%) from March 2010 to
March 2011.
Ohio
Credit Union Foundation, Corporate One FCU and the National
Credit Union Foundation Partner to Offer New Community
Investment Fund Option
Columbus,
Ohio (June 29, 2011) – A renewed and re-energized
Community Investment Fund (CIF) option prompted by a
partnership between Corporate One Federal Credit Union, the
Ohio Credit Union Foundation (OCUF), and the National Credit
Union Foundation (NCUF) will give credit unions a unique
vehicle to support financial education, professional
development, community outreach, and disaster relief
initiatives in Ohio and across the country.
Tips to Save Money While Still Enjoying a Summer Vacation
Columbus, Ohio (June 7, 2011) The weather has turned
warm and the kids are out of school; that means it’s time
for summer vacations. Fortunately, there are plenty of
money-smart strategies and options that families can use to
enjoy memorable summer vacations that don’t cost a fortune.
Ohio Credit
Union Membership Gains Outpace National Average;
Assets and
Capital Grow in Latest 12-Month Period, Loan Growth Slows;
Deposits Increase, Money Market Balances Show Fastest Growth
Columbus, Ohio (May
12, 2011) For the eighth consecutive quarter, Ohio
credit unions collectively netted new members, most recently
posting a gain of 32,500 new members, according to the Ohio
Credit Union League’s (OCUL) year-end Quarterly Performance
Summary. The trend comes after a long period of flat
membership growth leading up to the recession, suggesting
consumers continue the recent tendency to move their money
to community-based financial institutions. Similarly, assets
and capital at Ohio credit unions also posted gains, while
lending slightly slowed statewide, but remained higher than
the credit union national average.
Ohio Credit Unions Send Nearly
30,000 Signed Petitions from Members Urging Congress to
Delay Interchange Rule Implementation
Columbus,
Ohio
(May 3, 2011) Ohio credit union members urged
Congress to protect their debit cards and pass legislation
to delay the Federal Reserve debit interchange rule as part
of a two-week advocacy onslaught to garner legislators’
attention. 29,554 petitions signed by members from more than
50 credit unions were delivered to Senator Sherrod Brown’s
(D-OH) Washington, D.C., office via fax and e-mail on
Friday, April 30, and Monday, May 2. The petitions were
supplemented by more than 7,000 e-mails, letters and phone
calls, as well as in-district meetings with Ohio legislators
and joint discussions with Ohio media.
Ohio League Announces Claude
Clark Political Inspiration Award Winners and Professional
of the Year during InVest48
Columbus,
Ohio (April 14 ,
2011) In front of nearly 500 credit union peers, Ohio
credit unions and Credit Union Movement leaders were honored
during InVest48 for their political, professional, social,
philosophical, and marketing contributions to the movement,
their credit unions, and the communities they serve.
Highlighting the 2011 awards were this year’s Claude Clark
Political Inspiration Award Winners Tom Furrey, CEO of
Western Credit Union, and Greg Kidwell, CEO of Members First
Credit Union, both of Columbus. Eileen Meeker of AurGroup
Financial Credit Union in Fairfield was introduced as the
Professional of the Year. Also awarded were the Desjardins
Youth Financial Education Award, the Dora Maxwell Social
Responsibility Award, the Louise Herring Award for
Philosophy in Action, and the Cutting Edge Marketing
Brilliance Award.
Ohio League Introduces
InVest48 to Nearly 500 Credit Union Leaders
Columbus,
Ohio (April 14,
2011) Nearly 500 Ohio credit union leaders converged on
Columbus to Participate, Collaborate, and Advocate during
the Ohio Credit Union League’s (OCUL) reinvigorated annual
convention, InVest48. The new convention format offered some
of the familiar education breakouts and evening attractions,
as in years past; however, an advocacy track component
composed of legislative meetings, a smaller-market credit
union track, and peer fireside chats were added.
William A. Herring Society
Honors Ohio Credit Union Philosophical Leader; Raises
Initial $50,000 for Ohio Credit Union Foundation
Columbus, Ohio (April 8, 2011) The Ohio Credit Union
Foundation (OCUF) has unveiled its newest initiative, the
William A. Herring Society, a planned giving opportunity
that recognizes credit union employees and volunteers, past
and present, who have shown a steadfast commitment to the
Credit Union Movement. Announced before a 500-plus crowd
during the Ohio Credit Union League’s InVest48, the Society
honored its namesake, Bill Herring, CEO of Cincinnati
Central Credit Union, as the inaugural inductee.
$tretch Your Buck Limo Offers
Free Financial Education Game, Free Transport to Arena
District on April 5
Columbus,
Ohio
(March 31, 2011) Many people dream of saving enough
money to spend their retirement years chauffeured around in
a flashy car. On April 5, between 11:00 a.m. and 2:00 p.m.,
Central Ohioans will be able to take free limousine rides
from the Renaissance Columbus Hotel (50 North 3rd
Street) to the Arena District, and back, as part of the
credit union $tretch Your Buck Limo and game show. Riders
will be tested on their personal finance knowledge, with the
opportunity to answer questions on budgeting, saving, credit
cards, and loans.
Subject Your Monthly Budget to
a Spring Cleaning
Columbus, Ohio (March
16, 2011) Spring has nearly sprung, which means many
Ohioans are looking forward to warm weather traditions like
family vacations, afternoons at the ballpark or the golf
course, day trips to area parks for picnics, or meals on
their favorite restaurant’s patio. Though these may be the
rites of the season, it is important to make sure your
finances are in order to be able to enjoy the sunny outdoors
with friends and family.
Ohio Credit Unions Add More
Than 34,000 Members in 3rd Quarter; Growth Rate
Outpaces Nations Credit Unions
Columbus, Ohio (January 20, 2011) For a seventh
consecutive quarter, Ohio credit unions recorded gains in
membership, netting 34,547 members during the last 12 months
(Sept. 2009 – Sept. 2010) according to the latest Ohio
Credit Union Quarterly Performance Summary. The 1.3%
increase during the 12 month stretch nearly triples the rate
at which credit unions across the country added new members
(.48%) during the same time period. Analysts attribute the
growth to the continuing consumer shift from investing
long-term to addressing immediate financial concerns.
Ohio Credit Unions Reach Out
to Ted Williams,
Homeless Man with ‘Golden Voice’
Columbus, Ohio (January 05, 2011) In a matter of a
few hours, a Columbus area homeless man went from down on
his luck, to the latest viral sensation, to a likely
spokesperson for the Central Ohio Chapter of the Ohio Credit
Union League. Ted Williams, who was featured on The
Columbus Dispatch website in a video story titled “Golden
Homeless Voice,” claims to be “an ex-radio announcer who
has fallen on hard times,” according to the sign he uses to
panhandle.
Five New Year’s Resolutions to
Keep You Out of the Red, Give You More Green in 2011
Columbus, Ohio (December 07, 2010) This time of the
year consumers tend to measure annual goals in inches and
pant sizes, rather than dollar signs. However, setting
yearly financial resolutions to increase your wealth is just
as important as focusing on your health.
Below are
five tips from Ohio’s credit unions to help put you on the
path to financial freedom. Whether you have money to spare
or are living paycheck-to-paycheck, follow these guidelines
to ensure you are getting the most out of your money.
More Than 1,000 Ohio Students
to Receive Free Financial Education
Three
Regional Events Feature Credit Union Reality-Based Games;
Focus on Key Financial Concepts of Budgeting, Saving
Columbus, Ohio (October 18,
2010) – More than 180 volunteers from Ohio credit unions
will celebrate International Credit Union Week (Oct. 18 –
22) by educating nearly 1,000 high school students on the
importance of budgeting, saving, and differing wants from
needs at financial education “reality games” in Dayton,
Toledo, and Columbus. Credit unions understand the
financial health of Ohio’s youngest citizens is at risk, and
are working to make financial education an important aspect
of a well-rounded education.
Ohio League, Credit Unions
Host FEDCAR CEO to Discuss Credit Union Support, Growth
Columbus, Ohio (October 6, 2010) –
The Ohio Credit Union League (OCUL) and several Ohio credit
unions recently hosted Florin Simion, CEO of the Federation
of Romanian Credit Unions (FEDCAR), to discuss a partnership
to help stimulate credit union growth in Romania, and
further develop the Federation into an all-encompassing
credit union support organization.
CONSUMER
ALERT:
Deadline
Approaches for Consumers to Choose Overdraft Protection for
ATM/Debit Card Transactions
Aug. 15 “opt in/opt out” deadline
affects existing accounts at all financial institutions
Columbus, Ohio (August 10, 2010) – Credit unions
continue to notify members about a quickly approaching
deadline that requires all financial institutions to obtain
consent from members to pay for account overdrafts for
automated teller machine (ATM) and debit card transactions.
Members with existing checking accounts should notify their
financial institutions by August 15 if they want to “opt in”
to overdraft protection. No notification by the deadline
will be deemed an “opt out” of overdraft and could mean
consumers’ ATM and debit card transactions will be subject
to decline.
Ohio Credit Unions Add 17,000
New Members in 12 Months - 10,000 in First Quarter 2010
Alone - Continue Record-Setting Growth
Small businesses also looking to
Ohio’s credit unions more than ever
Columbus, Ohio (July 8, 2010) – More than 17,000 Ohioans
have flocked to credit unions for their financial services,
according to the first quarter 2010 results of the Ohio
Credit Union Quarterly Performance Summary. The March 31,
2009, to March 31, 2010, time period marks a record fifth
straight quarter in which membership in Ohio credit unions
has grown. Credit unions grew by 10,000 new members in the
first quarter of 2010 alone. The anti-bank sentiment among
consumers and a “flight to safety” are making
not-for-profit, locally-based credit unions a popular
alternative for consumers.
Ohio Credit Unions Mobilize to Defeat Interchange
Legislation
Financial Reg. Reform Package ‘detrimental’ to credit union
members; debit card fees likely for consumers
Columbus, Ohio (June 2, 2010) – An unintended provision in
the U.S. Senate-approved Financial Reform Package has Ohio
credit unions joining a national movement to help Congress
understand how the harmful language will negatively impact
credit unions, their members, and consumers across the
country. Credit unions are sending a clear message to
Congress: Get rid of the Senate interchange amendment, which
will increase consumers’ costs to use a debit card.
2010 Challenge: Ohio Youth
Deposit More Than $4 Million in Savings
Nearly $25 million was deposited across the country
during the National Youth Saving Challenge
Columbus, Ohio (May 21, 2010) – Ohio youth collectively
saved more than $4 million through deposits at 20 Ohio
credit unions during the 2010 National Youth Saving
Challenge, which took place in April. The challenge is a
nationwide effort to help young people understand the
benefits of saving. Nearly 10,000 Ohioans age 17 or younger
deposited $4,170,769 into the 20 participating credit
unions, with an average deposit amount of $420.
Ohio Credit Unions Commit More
than $150 Million to Affordable Private Student Lending
Alliance of 11 Ohio credit unions collaborates to fill
funding gap;
Credit unions have a combined field of membership
that includes the entire state
Columbus, Ohio (May
6, 2010) – With the gap between federal student loans
and the cost of higher education increasing rapidly, a
collaboration of Ohio credit unions has stepped forward to
commit $150 million in affordable student lending to
college-bound Ohioans. Ohio Student Choice, an alliance of
11 credit unions across the state that each committed at
least 1% of their assets to student lending, was officially
introduced this afternoon at the Ohio Statehouse before
state leaders, credit union supporters, parents, and college
students. The combined fields of membership of the
participating credit unions encompass the entire state.
Flight to Safety Benefits
Financial Cooperatives – Growth Continues Among Safe,
Strong, Stable Credit Unions
Ohio credit union loans, deposits, and capital all show
growth exceeding national averages
Columbus, Ohio (April 29, 2010) – Ohio credit unions are
well-capitalized at 11.7% of assets collectively, a level
higher than banks and thrifts around the state and
nationally, according to the Ohio Credit Union Quarterly
Performance Summary. Growth was witnessed in nearly all of
the economic indicators for financial institutions,
including loans and deposits, which increased more than $600
million and $1.8 billion respectively from Dec. 31, 2008 to
Dec. 31, 2009. Membership increased nearly 30,000 during
the same statistical period.
Ohio’s Own Claude Clarke
Honored with Lifetime Achievement Award; Grandson Tim Clarke
Bonow Accepts
Bill Burke, Jerry Gramke, Phil Buell, and
Seven Seventeen Credit Union also recognized
Columbus, Ohio (April 21, 2010) – Claude Clarke, author of
the Ohio Credit Union Act of 1934, under which Ohio credit
unions still operate today, was posthumously honored during
the Ohio Credit Union League (OCUL) ZENITH10 awards
ceremony in Cincinnati on April 15. Clarke, who served as
the initial manager of OCUL (1934 – 1936) and is a former
Credit Union National Association President (1936 – 1938),
was instrumental in amending the Federal Credit Union Act to
exempt credit unions from taxation on real and tangible
property.
Ohio Credit Unions to
Legislators: “House Bill 317 is About Choice, Not Taxation”
Record number of Ohio credit union leaders converge on Ohio
Statehouse for legislative meetings
Columbus, Ohio (March 24, 2010) – Legislation that would
provide townships, schools, libraries and other public
entities the choice of depositing their funds in Ohio credit
unions (H.B. 317) highlighted discussions between more than
120 credit union leaders and the Ohio General Assembly
during the 2010 Credit Union Day at the Statehouse on March
23. A record number of participants attended 105
legislative meetings, stressing the benefits of keeping
local government deposits within the communities they serve.
Credit Unions Capture Record
Level of Auto Lending Market Share
Credit union membership grows by more than 53,000; Mortgage
originations double
Columbus, Ohio
(January 6, 2010) – Total auto lending market share
increased to a record 18.2% at Ohio credit unions from Sept.
2008 to Sept. 2009 despite a decline in vehicle sales.
Similarly, first mortgage originations increased 51.9%
during the same time period, totaling $1.37 billion in 2009
versus $904 million in 2008. Membership also grew during
the 12-month statistical period, as more than 53,000 Ohioans
joined credit unions.
Get Fiscally Fit in 2010 with Financial Resolutions
Paying down debt, reviewing your budget,
and saving are keys to a fiscally happy New Year
Columbus, Ohio (December 22, 2009) – The end of the gift-giving
season usually brings about one of two scenarios: you did not
have enough money to spread as much holiday cheer as you would
have liked, or, you spent so much money on friends and family
that you find yourself deep in debt and with a drained savings
account. Avoid these situations one year from now by embracing
the New Year and taking steps to strengthen your personal
finances.
Consumers likely to exercise
less spending restraint this holiday season, according to
10th annual CFA-CUNA Spending Survey
Washington, D.C. -- Consumers plan to spend more during the
holidays this year than during the depths of the recession a
year ago, but their spending is still expected to be more
restrained than in prior years, according to the 10th annual
holiday spending survey conducted by the Consumer Federation
of America (CFA) and the Credit Union National Association
(CUNA).
College Students vs. College Debt – A Growing Rivalry
Students Urged to
‘Beat Debt’; Credit Cards, Students Loans Average More Than
$26,000 in Debt
(November 20, 2009)
Columbus, Ohio – A
rivalry on the gridiron is less appealing if the results
heavily favor one side. The same is true in the game of
life, and credit card and student loan debt are running up
the score before students even enter the playing field.
Ohio credit unions are hosting “Beat Debt Day” on the campus
of The Ohio State University to bring awareness to rising
debt among students, share tips on how to manage debt, and
familiarize students with available financial counseling
resources.
Credit Unions Bring Relief to
Struggling Ohioans While Celebrating ‘People Helping People’
Philosophy
October 15 is
International Credit Union Day
(October 9, 2009)
Columbus, Ohio – Ohio’s 402 credit unions will join credit
unions across the world in celebrating International Credit
Union Day on October 15, 2009. This year’s theme, “Your
Money, Your Choice, Your Credit Union,”
encapsulates the member-owner structure of credit unions.
After a year that has posed economic and financial
challenges for people across the country, this theme honors
credit unions’ philosophy of putting people before profit in
order to provide access to affordable financial services to
all their members.
Credit Union Momentum
Continues in 2nd Quarter ‘09 as Ohio Membership Increases by
more than 30,000
Mortgage originations, auto loans surge in 12-month period;
Assets, shares grow at faster rate than 1st Qtr
(September 23, 2009)
Columbus, Ohio – The “flight to safety” trend continues in
Ohio as tens of thousands of Ohioans have joined credit
unions, taking advantage of lower loan rates, better savings
rates, and fewer fees offered by financial cooperatives. As
a result, mortgage originations at credit unions are up
50.2% percent the past 12 months and credit unions’ share of
the auto lending market now stands at 18.4% percent, more
than 8 percentage points higher than 2nd quarter
2008.
Credit Unions Boast the Fourth
Largest Branch Network – And it is Fee-Free to Members
Locations added at a rate of 1.5 per day; 255 branches in
Ohio rivals large bank presence in state
(August 25, 2009)
Columbus, Ohio – Without a doubt, the concept behind Shared
Branching may lack traditional business sense. Why would a
credit union allow its members to conduct transactions at a
branch of a different credit union? The answer is simple:
cooperation and convenience. The Shared Branching
cooperative has given more than 1.6 million credit union
members in Ohio access to fee-free transactions at nearly
3,800 locations nationwide, making it the fourth largest
branch network.
Ohio Credit Union
Membership Increases for First Time in Five Years
12-month comparison highlighted by membership bump;
Loans and assets continue growth; “Benefits of Membership”
report shows financial value of credit unions
(July 9, 2009)
Columbus, Ohio – Ohio credit union membership grew by more
than 20,000 between March 2008 and March 2009 according to
the Ohio Credit Union Quarterly Performance Summary, a
strong indicator that a fledgling economy is causing many
Ohioans to review their finances. The quarterly comparison
reflects the first membership gain for the state’s credit
unions since 2004. Additionally, credit union assets and
lending continued steady growth despite the economy, posting
gains of 8.11% and 8.26% respectively, during the same
12-month period.
Ohio Credit Union Foundation Announces $60k Grant to Help
Underwrite Emmy-Nominated Biz Kid$
Foundation has donated more than $120k to program since 2006
(June 3, 2009)
Columbus, Ohio – The Ohio Credit Union Foundation
(OCUF) board of trustees yesterday approved a $60,000 grant
to help underwrite season 3 of the Emmy-nominated television
program Biz Kid$. Since 2006, OCUF has contributed $120,000
to underwriting efforts, believing strongly in the show’s
ability to help kids understand money concepts and the value
of entrepreneurship. Biz Kid$ airs on 12 of 13 PBS stations
broadcasting in the state of Ohio, in all 50 states, and in
97% of all national markets.
Credit Unions Provide Free Financial Education Resource to
Parents, Educators – Declare Summer Break as “The Summer of
Money”
www.MoneyAndSuff.info easy to use, free financial education
resource
(June 1, 2009)
Columbus, Ohio – With thousands of Ohio school
children embarking on an annual rite of passage – the end of the
academic year – Ohio credit unions are stepping up their
commitment to financial education by declaring summer break as
“The Summer of Money.”
According to a survey of Ohio adults, commissioned by the Ohio
Credit Union League, less than one quarter (23 percent) of
Ohioans make any effort to encourage financial literacy in their
families. And, only five percent were taught about personal
finance when they were young.
Loans, Assets Spike Among Ohio Credit Unions in 2008
Year-end report shows 29% increase in mortgage originations;
4.8% increase in auto loans
(April 30, 2009)
Columbus, Ohio – Ohio’s 412 credit unions continued to lend
amidst a national credit crunch and made significant gains in
assets last year, according to the 2008 year-end report prepared
by the Ohio Credit Union League. Over the 12 months, loan
growth increased more than 7.4%, compared to a negative loan
growth in 2007 and an increase of nearly 5% in 2006. Assets
grew by nearly 7.4% over the same time period, compared to 1.4%
in asset growth in 2007 and 4.9% in 2006.
Extraordinary Credit Unions, Individuals Honored at
ZENITH09
Ohio Credit Union Movement celebrates achievements in
not-for-profit philosophy
(April 28, 2009)
Columbus, Ohio – Inspiring leaders, innovative ideas, and
cooperative philosophies within the Ohio Credit Union Movement
were recognized by more than 500 credit union leaders during
Ohio’s credit union convention, the Ohio Credit Union League
ZENITH09, last week in Cleveland. Catherine Herring, CEO
of Communicating Arts Credit Union in Cincinnati, and Gary
Soukenik, CEO of Seven Seventeen Credit Union in Warren,
received Claude Clark Political Inspiration Awards in the
individual and credit union categories respectively. Ohio
University Credit Union received the Desjardins Youth Financial
Education Award and the Western Buckeye and Cincinnati Chapters
each received a Spectacular Chapter Award.
Ohio General Assembly Hears
Message: Credit Unions Safe, Sound, Secure
(April 1, 2009)
Columbus, Ohio – Nearly 80 credit union leaders from
across Ohio converged on Capitol Square yesterday to share
insight into credit union initiatives with their state
legislators. In all, 82 meetings between Ohio General
Assembly members and credit union representatives were held,
with discussions centering on mortgage moratoriums and
allowing credit unions to accept public deposits.
Looking for a New Year
Resolution? Look No Further Than Your Wallet
Poor economy underlines importance of paying down debt,
reviewing your budget, and saving
(December 30, 2008)
Columbus, Ohio – In 2009, the nation’s economy is predicted
to resemble much of 2008, which makes understanding how to
manage personal finances of paramount importance. The only
economy we can control as individuals is that of our own
household, and doing so can add wealth in the short and long
term. Read about five financial resolutions for the New
Year. Try to tackle them all in 2009, or pick a few to help
you propel yourself into a financially fit New Year.
Chrysler LLC Joins Expanded
“Invest in America” Partnership
Chrysler extends pilot program
to eight additional states, gives a combined 25 million
credit union members access to $22 billion in low-cost auto
loans.
(December 17, 2008)
Lansing, Michigan – After
a successful launch of the "Invest in America" credit union
loan partnership last week, Chrysler Corporation LLC
announced it will join the partnership. This gives 1,295
credit unions in Michigan, Ohio, Indiana and Illinois access
to cash discounts for its members from two of America’s
three domestic automakers and access to affordable financing
on new vehicle purchases.
Ohio Credit Unions ‘Invest in
America’ Through Partnership
Credit union members receive GM supplier discount; Midwest
credit unions have billions to lend
(December 11, 2008)
Columbus, Ohio – More than 2.6 million Ohio credit union
members can save money on their next vehicle purchase thanks
to their state’s participation in the “Invest in America”
partnership with General Motors. Ohio is joined by Indiana,
Illinois, and Michigan, which combined are offering more
than $20 billion in available credit to consumers. The
program will be piloted in the four-state region with plans
to go nationwide in early 2009.
Getting the Most Out of Your
Holiday Budget
Tips on how to stretch a dollar as forecasters predict slow
spending
(November 26, 2008)
Columbus, Ohio – Citing economic uncertainty, American
consumers are sharply decreasing their holiday spending this
year. According to the ninth annual holiday spending survey
conducted by the Credit Union National Association (CUNA)
and the Consumer Federation of America (CFA), 55 percent of
consumers said they are planning to reduce spending at least
“somewhat,” with 27 percent of all respondents indicating
that they plan to spend “much less than last year.”
Myth Busted: Are Credit
Unions Convenient? Yes!
Many Ohio credit unions offer Shared Branching, no-fee ATMs,
online account access; It is easy to find a credit union to
join
(October 30, 2008)
Columbus, Ohio – The myth that credit unions are less
convenient than other financial institutions is busted.
Thanks to the Shared Branching network, thousands of no fee
ATM locations, online account access, and strategic branch
locations, 2.6 million credit union members in Ohio are
benefiting from conveniences offered by credit unions’
collaborative efforts. It is also easy to locate a credit
union you can join at
www.FindACreditUnion.com.
Credit Unions Belong to You
Credit unions and their member-owners celebrate philosophy
behind cooperative financial institutions
(October 13, 2008)
Columbus, Ohio – Ohio’s 424 credit unions will
celebrate International Credit Union Day on October 16,
2008. This year’s theme, “It Belongs to You,” recognizes
the unique structure of credit unions, which are owned by
each and every one of their members. There are 2.6 million
credit union members in Ohio who enjoy the benefit of
outstanding services, secure deposits, and affordable loans.
2.6 Million Ohioans who Choose
Credit Unions have Insured Deposits
Ohio credit union lending
increases despite credit crunch
(September 26, 2008)
Dublin, Ohio – Ohio credit unions are stable, safe,
and sound in the midst of the current financial services
market, according to the Ohio Credit Union League (OCUL).
The deposits of 2.6 million credit union members in the
state are protected up to at least $100,000, and in many
cases more.
Cleveland Area Leader,
Visionary Rita Haynes to Receive National Award
(August 7, 2008)
Dublin, Ohio – Rita Haynes, CEO of Faith Community United
Credit Union in Cleveland, will receive the prestigious 2009
Herb Wegner Memorial Award for Individual Achievement for
her service to the underserved residents of Cuyahoga
County. Haynes, who has worked for the Cleveland credit
union for more than 50 years, including the last 23 as CEO,
has empowered thousands of individuals and families to
improve their financial well-being through self-help,
self-responsibility, democracy, and equity. The Herb Wegner
Memorial Award is the highest honor in the U.S. Credit Union
Movement. It will be presented at a dinner before 3,000 of
her peers in Washington, D.C., in February.
Nearing Mandate Deadline,
Credit Unions Reach Out to Ohio Schools
(August 6, 2008)
Dublin, Ohio –
More than
800 letters were sent by the Ohio Credit Union League to
guidance counselors throughout Ohio to remind them of an
impending financial education mandate and introduce them to
the free Web portal,
www.MoneyAndStuff.info. In 2006, the Ohio General
Assembly passed legislation requiring all public high
schools include financial education in their curricula by
2010. With that deadline approaching, and as the 2008/2009
school year nears, credit unions are working with schools to
help them meet the mandate’s requirement and provide much
needed financial education basics to their students.
Visit from Bolivian Leaders
Educates, Inspires Ohio CU League
(July 29, 2008)
Dublin, Ohio –
A
contingent of credit union and bank leaders from Bolivia
visited the Ohio Credit Union League on Monday as part of a
continuing partnership between the League, Corporate One
Federal Credit Union (Corporate One) and the World Council
of Credit Unions (WOCCU). Through an interpreter, League
staff briefed their guests on the services they provide to
the 427 credit unions in Ohio and the impact of state and
national regulations on not for profit financial
institutions in the United States.
Ohio Credit Unions Financially
Sound, Ready to Serve
(July 17, 2008)
Dublin, Ohio – Ohio credit unions are safe, stable,
and sound in the midst of an otherwise uncertain financial
services market recently dominated by alarming
headlines. These headlines have prompted questions among the
more than 2.6 million credit union members in Ohio about how
credit union deposits are protected. The Ohio Credit Union
League is reminding credit union members that their deposits
are protected up to at least $100,000, and in many cases
more, and that credit unions are secure, strong, and ready
to serve.
League Employee Retires
After 36 Years of Dedication to Ohio Credit Unions
(June 26, 2008)
Dublin, Ohio – When it comes to the Credit Union
Movement in Ohio, Ohio Credit Union League Special Projects
Manager John Rowley is an encyclopedia of knowledge,
statistics, and history. On a night when the League
recognized his more than 36 years of service, Rowley shared
his thoughts on the past, present, and future of credit
unions in Ohio and thanked his colleagues for what he said
has been a thousand-mile journey that began with a single
step.
Ohio Foundation Grants $5,000
in Relief to Iowa Colleagues
(June 20, 2008)
Dublin, Ohio – The Ohio Credit Union Foundation (OCUF)
announced the disbursement of a $5,000 Disaster Relief Grant
to the Iowa Credit Union Foundation to assist credit unions,
their employees, volunteers, and members affected by the
ongoing floods. This is the first disaster relief grant
issued by OCUF in 2008.
Ohio Foundation Celebrates $1
Million in Grants to Credit Unions
(June 11, 2008)
Dublin, Ohio – Ten years after it
began fundraising, the Ohio Credit Union Foundation (OCUF)
is praising its supporters, donors, and grant applicants and
recipients as a recent grant brought the total amount of
funds awarded to more than $1 million. Thanks to the efforts
of OCUF trustees through the years, credit union outreach
programs, financial education, professional development and
disaster relief initiatives have been overwhelmingly
supported, assisting hundreds of credit unions, their
members, and communities.
School Break is the Perfect
Time to Teach Money Management to Your Kids
(May
29, 2008)
Dublin, Ohio –
It is never
too early begin teaching your children basic financial
principles like differing wants from needs, properly using
credit and debit cards, saving, and budgeting. Most
students are about to embark on a nearly three month break
from school, allowing time for parents to work one-on-one
with their children to instill healthy financial practices.
Doing so is educational, engaging, and fun.
Ohio Credit Unions Launch Effort to Improve Financial Literacy
(May
23, 2008)
Dayton, 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 Dayton, called MoneyAndStuff™.
Ohio Credit Unions Launch Effort to Improve Financial Literacy
(May 19, 2008)
Whitehall, 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 the Columbus suburb of
Whitehall, called MoneyAndStuff™.
Stringent Payday Lending
Bill Passes Ohio Senate
(May 14, 2008)
Dublin, Ohio – The
Ohio Senate voted 29-4 today to approve substitute House
Bill 545, landmark legislation that will impose some of the
most restrictive regulations in the country upon Ohio’s
payday lending industry. The legislation, however, does not
impact the StretchPay program offered by many Ohio credit
unions to members as an alternative to short-term lending.
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 League 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 League’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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