Removing Barriers Blog

Ohio Credit Union League Links Public Deposits, Small Business Lending
Posted February 01, 2016 by CUNA Advocacy

In Ohio, the State Treasurer’s Office has the ability to invest up to 12 percent of the state’s investment portfolio in special projects by placing deposits with approved Ohio banks at reduced rates for lower interest, small business lending purposes. The Ohio Credit Union League is championing a measure, H 415, which will grant credit unions similar access to a new small business linked deposit program. The proposed law would lead to the inclusion of credit unions as another available option to administer the lending programs in Ohio communities.