Help your community by partnering with the Ohio Department of Development

Published by: Jared Weiser

May 3, 2023 | Government Affairs

Ohio communities thrive when people have access to resources and opportunities that foster greater financial well-being. As member-owned cooperatives, Ohio credit unions work to advance communities by building stronger financial futures. One way credit unions achieve this goal is to provide small businesses with access to affordable capital. The League is working with members of the Ohio General Assembly to allow small businesses to partner with credit unions to access the Ohio Capital Access Program (OCAP). This program, offered through the Ohio Department of Development, encourages financial institutions to lend to small businesses, minority-owned businesses, and women-owned businesses that may not meet conventional underwriting standards by establishing a loan loss “guarantee” account to recover losses from loans enrolled in the program.

If you would like to learn more about OCAP, join the League and the Ohio Department of Development to learn about all the programs your credit union could use to facilitate increased lending to small businesses, minority-owned businesses, and women-owned businesses. Click here to learn more and register.

Contact Jared Weiser for questions or assistance.

Jared Weiser
Jared Weiser Director, Legislative Affairs E:
Contact Us

Other Movement News

Government Affairs

Help advance Credit Unions: Hike with your peers to D.C.

The most impactful credit union advocacy moments are real-life examples of how your credit union influences the financial well-being of members. These facts, stories, and real-world demonstrations of the credit […]

Financial services stand united in Ohio Supreme Court

When the stroke of a pen could alter the landscape of the financial services industry, all parties involved must find a way to unite and stand up for the people, […]
Member Benefits

Top-trending HR policies to review

Human resources are an ever-evolving landscape for employers to navigate, which is why the League provides relevant tools and guidance to help members. One of the most valuable tools members […]