State charter playing by a new set of rules
Published by: Sean Brown
July 10, 2024 | Regulatory
Keeping the state and federal charters up to date, progressive, and competitive is what allows credit unions not just to survive but grow and serve more people, communities, and businesses. The League partnered with several of Ohio’s credit unions and the Ohio Division of Financial Institutions to overhaul the credit union rules in the Ohio Administrative Code. The focus of this charter update was to reduce the overall regulatory burden, enhance authorities, and foster financial service competition. The new rules became effective on July 8, 2024. Review the League’s Fast Facts for notable changes and links to additional resources.
Contact Sean Brown for questions or assistance.
