Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Ohio CU bill passes state Senate unanimously
COLUMBUS, Ohio (3/14/08)--Credit union modernization legislation--Senate Bill 247--was recently passed by the Ohio Senate with a unanimous 32-0 vote. The Senate is expected to refer the bill to the Ohio House Financial Institutions Real Estate and Securities Committee, said the Ohio Credit Union League (eLumination Newsletter March 13). “We expect the credit union legislation to continue making solid progress through the House as it did in the Senate,” said John Kozlowski, league general counsel. The legislation seeks to modernize the administration, operation and governance of Ohio's state-chartered credit unions (News Now Feb. 15). The Ohio Financial and Financial Institutions Committee adopted several amendments to the legislation that would:
* Require credit unions to retain Suspicious Activity Reports for five years; * Provide further clarification of nonpaper document storage requirements; and * Provide authority for the superintendent of the Ohio Division of Financial Institutions to conduct national background checks within limits.
Other Resources

RSS print
News Now LiveWire
.@Nussle : We'll back off when retailers accept their breach responsibility #NewsNow http://t.co/7WxDXicb6j
1 hours ago
RT @asmarterchoice: RT @daily_finance: Top 5 money management tips for 30-somethings http://t.co/mWRfDRSTE7
2 hours ago
Operational efficiencies focus of new @CUNA program #NewsNow http://t.co/qBYHKVYeQN
2 hours ago
.@mncreditunions collects 600 stories of #WhyILoveMyCU http://t.co/aaVMQEioq4
2 hours ago
.@NJCUL encourages #creditunions to join the #Movember2014 movement.
3 hours ago