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

Advocacy on track at Churchill Downs

Ohioans and communities are best served when credit unions and regulators work together to cultivate a financial services industry that puts people first. That is why the Ohio Credit Union […]

League advocates for an updated CTR threshold

Constantly increasing regulatory pressures put a strain on a credit union’s resources and ability to focus on what matters most: serving members; thus, the League is always looking for opportunities […]
Member Benefits

Unlocking Strategic Insights with Peer Suite

Data-driven decision-making is paramount for credit unions striving to grow and better serve their members. Recognizing this need, the League offers Peer Suite as a powerful member benefit. This comprehensive […]