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News Now

CU System
Ohio league meets with new superintendent of FIs
COLUMBUS, Ohio (2/11/11)--Ohio Credit Union League officials met this week with the new superintendent of the Ohio Division of Financial Institutions (ODFI) to discuss the strength of Ohio’s credit unions and benefits of the state credit union charter. Paul Mercer, league president; Becky Hart, league communications director; and John Kozlowski, league general counsel, met with the new ODFI Superintendent Charles Dolezal and Deputy Superintendent of Credit Unions Mike Wettrich. Dolezal has 33 years of banking experience and in his new position oversees state-chartered credit unions (eLumination Newsletter Feb. 9). Also discussed were member business lending and the role credit unions can play in economic development; small-business lending initiatives; regulatory relief legislation for small businesses, financial and insurance services; and public funds, the league said. The ODFI officials were briefed on federal issues such as interchange, credit unions’ efforts to lift the member business lending cap to 27.5% of assets from 12.25%, and supplemental capital. Dolezal raised the topic of financial education and noted the importance of teaching financial basics at a young age. He was interested in the initiatives credit unions have underway with local schools, the league said.


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