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Ohio CUs build biz relationships as banks report losses
DAYTON, Ohio (7/31/08)--While banks continue reporting losses, credit unions continue to build business relationships, according to the Ohio Credit Union League. Credit unions largely have been unaffected by the current economic climate, Patrick Harris, league media relations director, told the Dayton Daily News Sunday. The league and eight credit unions in Ohio formed Cooperative Business Services (CBS) in 2003, which helps the credit unions share resources, loan services and funding. The cooperative also creates products and services for the small business community, Keith Reed, CBS president, told the newspaper. The number of small business members in the state has grown since CBS was created. Credit unions’ structure can offer more to individual and business members, added Bill Burke, president/CEO, DayAir CU, Kettering, Ohio. Donna Hale, Wright-Patt CU, Fairborn, Ohio, said small business owners are opening accounts because they’re satisfied with credit unions and are telling their friends.
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