Election night success for credit unions; see how the midterms impact your credit union
Published by: Andrew Canan
November 16, 2022 | Government Affairs
Thanks to your generous support throughout the 2021-2022 elections, the Ohio Movement engaged with 122 decision-makers and invested more than $570,000 in state and federal legislative champions. Your partnership led to 94% of Movement-backed candidates being elected. So, what do these results mean for your credit union?
United States Senate
With his victory over longtime credit union champion Rep. Tim Ryan (D-Howland), J.D. Vance (R-Cincinnati) will succeed retiring Senator Rob Portman (R-Cincinnati) as Ohio’s junior senator. The League will move to build a relationship with Vance through existing connections he has with credit unions across the state. With U.S. Senate democrats keeping the majority, it is expected that U.S. Senator Sherrod Brown (D-Cleveland) will remain U.S. Senate Banking, Housing and Urban Affairs Committee Chairman.
United States House of Representatives
After surviving many close previous elections, Ohio’s credit unions will lose steadfast champion Rep. Steve Chabot (R-Cincinnati). Rep. Marcy Kaptur (D-Toledo) was able to decisively defeat her opponent and will continue her ardent support of CDFI funding. Additionally, longtime State Rep. and former Ohio House Minority Leader Emilia Sykes (D-Akron) will serve as a fresh voice for Ohio’s credit unions in the U.S. House. Republicans are still favored to retake the U.S. House majority by a slim margin, likely propelling Reps. Jim Jordan (R-Urbana) and Mike Turner (R-Dayton) into chairmanships.
Ohio General Assembly
Following the redistricting process and midterm elections, republicans maintained their unified super majority in the state legislature with a 68-31 Ohio House majority and 27-6 in the Ohio Senate. Credit union champions were re-elected and held off challengers across the state. In Lorain County, State Sen. Nathan Manning (R-North Ridgeville) not only held off a primary challenger but also won what was expected to be a difficult race in the general election by 16 points. Sen. Manning is expected to remain Senate Judiciary Chairman in the next General Assembly and will continue his support of credit union priorities, including cyber security measures. In the Ohio House, State Reps. Mary Lightbody (D-Westerville), Bill Roemer (R-Richfield), and Andrea White (R-Kettering) were all successful in their races. All three are strong champions that heavily focus on policy that promotes and protects the Movement.
Contact Andrew Canan for questions or assistance.
