Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Local govt. officials support Ohio public deposit testimony
COLUMBUS, Ohio (2/21/14)--Local government officials joined Ohio Credit Union League delegates to support credit unions as depositories of public funds during last week's proponent testimony.

"Grandview Heights' depository options likely do not mirror other municipalities; however, approval of [House Bill] 221 does one thing: it provides choice," Mayor Ray DeGraw told the Ohio House State and Local Government Committee (eLumination Feb. 19).
 
HB 221, also known as the Community Access and Local Government Choice Act, would permit credit unions to serve as eligible depositories. Lima Municipal Court Clerk Jim Link said the bill "makes sense because credit unions are community-based, reinvesting these funds into member-owners of the cooperative and small businesses throughout the county."
 
League Director of Legislative Affairs Patrick Harris added credit unions' desire to participate in under-utilized, "linked-deposit programs" in partnership with the state of Ohio. "Credit unions, their members, and member businesses should have equal and fair access to these vital programs which can help create jobs and economic development," he said during the proponent testimony.
 
Also on hand were representatives from Bridge CU, Columbus; Desco FCU, Portsmouth; Hopewell FCU, Heath; KEMBA Financial CU, Gahanna; Pathways Financial CU, Columbus; State Highway Patrol FCU, Columbus; Superior FCU, Lima; and Telhio CU, Columbus.
 
Opponent testimony will likely be held in early March.


RSS





print
News Now LiveWire
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
15 hours ago
April is #NationalFinancialLiteracyMonth & @TheNCUA Chair Matz urges #creditunions to help members learn to manage/protect their finances.
16 hours ago
Fed. FI regulators' statmnts on compromised credentials/destructive malware #cybersecurity http://t.co/f4uTBDm1PU http://t.co/zP5Iw6VxZc
18 hours ago
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
19 hours ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
20 hours ago