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News Now

CU System
Ohio league supports state probate bill (07/04/2011)
COLUMBUS, Ohio (7/5/11)--The Ohio Credit Union League testified recently before a state House Judiciary and Ethics Committee in support of a bill that would modernize Ohio's probate act and include credit unions as fiduciaries or custodians of funds for probate purposes. Senate Bill 127 sponsor state Sen. Kevin Bacon (R-Columbus) amended his original measure to include credit unions, said the league (eLumination Newsletter June 29). "To put this into perspective, credit unions in Ohio were not eligible to accept probate funds for their members until 2006," testified John Koslowski, league general counsel. He also stressed that the General Assembly must continue modernizing the state's laws for the benefit of people, businesses and communities. The league constantly pursues legislation, regulation and policies that provide credit unions with the authority and tools to offer affordable financial products and services.


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