Robust FHLB system necessary for credit union participation

Published by: Emily Leite

June 24, 2020 | Government Affairs, Regulatory

With more than 80 Ohio credit unions utilizing the Federal Home Loan Bank (FHLB) of Cincinnati for liquidity and community investment needs, it is vital that any changes to FHLB membership standards uphold robust safety and soundness standards. To avoid diluting credit union access or diminishing cooperative financial institution membership in the FHLB system, the League responded to the Federal Housing Finance Agency’s (FHFA) recent request for input (RFI) to ensure membership expansion, secured liquidity, and equal access principles are sustained in any upcoming FHFA rulemaking efforts. Ensuring that credit union membership access and full participation in the FHLB System is preserved and protected, especially as financial cooperatives navigate the present health and financial crises, is an important contributor to the personal and economic recovery of Ohioans.

Please read the full comment letter for additional details. If you have any questions or concerns about FHLB membership, please contact League Regulatory Counsel Chris Noble.

CONTACT US

E: cnoble@ohiocul.org
T: (614) 923-9762
C: (614) 448-6237

Other Movement News

Government Affairs

Election night success for credit unions; see how the midterms impact your credit union

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 […]
Regulatory

Year end snapshot: State and federal credit union priorities

Just like your credit union, the League is hard at work ensuring a successful year end and is focused on promoting and protecting credit union interests at the Statehouse and in Congress. Here are the League’s top issues as legislators wrap up their sessions: House Bill 116, the Ohio Computer Crimes Act, would close a legal loophole that bad actors can exploit to access sensitive data and information without penalty.
Member Benefits

Tips to keep your members safe this holiday season

Help your members stay financially safe during the holiday season by downloading helpful tips in December’s Monthly Marketing Toolkit, a complimentary resource as part of your League membership.