League organizes workgroup to enhance the Ohio state charter
Published by: Sean Brown
April 20, 2023 | Regulatory
Having a strong dual charter system fosters safety and soundness, ensures competitive supervisory fees, and enables Ohio credit unions to choose which charter is best for long-term growth. That is why the League has put together a work group to focus solely on enhancing the state charter. While the federal charter has received several important updates recently, the Ohio state charter has remained relatively unchanged since 2018. This work will take place over the course of this summer, with the hopes of having updates to submit to the Ohio General Assembly later this year. Be on the lookout for updates on the work group’s progress over the next few months.
Contact Sean Brown for questions or assistance.