The legislative battle in Ohio over credit unions receivingpublic funds is heating up this month with a House bill introducedlast Friday drawing fire from the banking lobby.
The Ohio Credit Union League maintains the state's deepeningrecession has triggered a wave of requests from school, townshipand community municipalities approaching CUs for public funddeposits.
"There are plenty of good reasons for limiting credit unionaccess to government funds when you consider that credit unions arealready subsidized to the tune of $20 million since they pay notaxes," countered Michael Adelman, vice president of stategovernment affairs for the Ohio Bankers League.
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