Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Ohio CU bill passes state Senate unanimously
COLUMBUS, Ohio (3/14/08)--Credit union modernization legislation--Senate Bill 247--was recently passed by the Ohio Senate with a unanimous 32-0 vote. The Senate is expected to refer the bill to the Ohio House Financial Institutions Real Estate and Securities Committee, said the Ohio Credit Union League (eLumination Newsletter March 13). “We expect the credit union legislation to continue making solid progress through the House as it did in the Senate,” said John Kozlowski, league general counsel. The legislation seeks to modernize the administration, operation and governance of Ohio's state-chartered credit unions (News Now Feb. 15). The Ohio Financial and Financial Institutions Committee adopted several amendments to the legislation that would:
* Require credit unions to retain Suspicious Activity Reports for five years; * Provide further clarification of nonpaper document storage requirements; and * Provide authority for the superintendent of the Ohio Division of Financial Institutions to conduct national background checks within limits.
Other Resources

RSS print
News Now LiveWire
#NewsNow: CU leagues of 5 states call for merchant breach accountability http://t.co/lnmpna8AoV
2 hours ago
Worker's CU, Fitchburg, Mass., was 1 of 5 CUs recognized with a 2014 @CUNA Technology Council Excellence in Technology Award
3 hours ago
.@Servicecu was 1 of 5 CUs recognized with a 2014 @CUNA Technology Council Excellence in Technology Award.
3 hours ago
SACU of San Antonio was 1 of 5 CUs honored with a 2014 @CUNA Technology Council Excellence in Technology Award
4 hours ago
Credit report tips from @CUNA's Susan Tiffany at @RISMediaUpdates http://t.co/ezefKXwWjw
4 hours ago