The national statehouse push by credit unions to win lawmaker support for enabling public funds deposit bills has moved to Ohio and Alabama.
The CitizensFirst Credit Union board of directors has named Kevin J. Ralofsky as the organization’s new chief executive officer.
Ohio appears to be the next battleground for the credit union push to accept public funds with bills being readied in both chambers of the state legislature next week.
An Ohio merger deal, years in the making, is providing a retirement honor and sendoff for a 38-year industry veteran, Tom Furrey, the president/CEO of the $65 million Western CU.
Two Columbus credit unions announce plans with unidentified third partner to be identified soon.
Member business lending at Ohio’s credit unions are becoming strong portfolio components.
For the second time this year, Ohio credit unions are reporting growth in their member business loan portfolios.
On a party-line vote, the Senate Banking Committee voted to confirm former Ohio Attorney General Richard Cordray to be the first director of the Consumer Financial Protection Bureau.
With the average age of members hovering above the mid-40s range, courting a much younger segment has increasingly become a top priority for some credit unions.
Substantive discussions of regulatory policy and partisan wrangling were both on the front burner at the Senate Banking Committee’s hearing last week on the nomination of Richard Cordray to run the Consumer Financial Protection Bureau.