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
Public funds bill for CUs introduced in Ohio
COLUMBUS (2/10/12)--Legislation that would allow credit unions to become eligible depositories for public funds was introduced Tuesday in the Ohio Senate, according to the Ohio Credit Union League.

"The legislation was introduced in response to many public officials' request to have community credit unions as a choice in public depositories," said John Kozlowski league general counsel (eLumination Newsletter Feb. 8).

Jointly-sponsored by State Sens. Scott Oeslager (R-North Canton) and Eric Kearney (D-Cincinnati), Senate Bill 292 will provide Ohio's schools, local governments, communities and businesses with greater choice by removing a current restrictive state mandate preventing them from using community-based credit unions as public depositories, the league said.

Similar companion legislation, House Bill 441, was introduced in the Ohio House of Representatives, co-sponsored by State Reps. Terry Blair (R-Washington Township) and Tracy Maxwell Heard (D-Columbus).

The league said it will soon issue a call to action to build support for the legislation.


RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
8 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
8 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
9 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
10 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
10 hours ago