by Chris Noble | Aug 5, 2020 | Advocacy, eLumination, eLumination 2020.08.06, Ohio CU News, Regulatory
When corporate credit unions can operate effectively and efficiently, it builds greater confidence in the safety and soundness of the entire credit union system. That’s why the League argued for reasonable regulatory flexibility in response to a proposed National...
by Chris Noble | Jul 22, 2020 | Advocacy, eLumination, eLumination 2020.07.23, Ohio CU News, Regulatory
The ability to access additional capital is more important than ever as low-income designated credit unions (LICUs), complex credit unions, and new credit unions are at risk of being undercapitalized due to the stress put on the economy. The League recently submitted...
by Cory Fleming | Jul 22, 2020 | Advocacy, eLumination, eLumination 2020.07.23, Events, Legislative, Ohio CU News, Regulatory
Legal advocacy is increasingly important for credit unions due to the recent uptick in costly litigation throughout the Movement. To ensure Ohio’s top court hears the credit union perspective, the League recently coordinated a dialogue between credit union attorneys...
by Emily Leite | Jul 7, 2020 | Advocacy, Advocacy News, Compliance, eLumination, eLumination 2020.07.09, Legislative, Regulatory
While credit unions continue to manage compliance complexities associated with cannabis banking, there is a similar conversation beginning with hemp banking. Ohio recently legalized hemp cultivation and established a Hemp Program, allowing licensed individuals to grow...
by Emily Leite | Jul 7, 2020 | Advocacy, Advocacy News, eLumination, eLumination 2020.07.09, Legislative, Regulatory
As credit unions focus on serving people, families, communities, and businesses during difficult times, Congress continues to adjust the Small Business Administration (SBA) Paycheck Protection Program (PPP) to make it easier to do so. Recent PPP changes extend the...
by Chris Noble | Jul 7, 2020 | Advocacy, eLumination, eLumination 2020.07.09, Ohio CU News, Regulatory
Credit unions have been a source of great financial relief and flexibility for their members during the COVID-19 pandemic, and the League is here to make sure credit unions can modify their operations with confidence to continue supporting their members. In April, the...
by Chris Noble | Jul 7, 2020 | Advocacy, eLumination, eLumination 2020.07.09, Events, Ohio CU News, Regulatory
Many credit unions have stepped up to help small business navigate the uncertainty of the current health and economic crisis through PPP lending. Unfortunately, the program has opened financial institutions up to unexpected liability, as well. The League hosted a...
by Chris Noble | Jun 24, 2020 | Advocacy, eLumination, eLumination 2020.06.25, Ohio CU News, 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...
by Emily Leite | Jun 10, 2020 | Advocacy, Advocacy News, eLumination, eLumination 2020.06.11, Legislative, Regulatory
As credit unions continue to prioritize people during the pandemic, the League is constantly scanning the federal horizon for opportunities to further protect and advance the cooperative model, like changes to the Small Business Administration (SBA) Paycheck...
by Emily Leite | May 28, 2020 | Advocacy, Advocacy News, eLumination, eLumination 2020.05.28, Legislative, Regulatory
As your credit union proactively connects with members experiencing financial challenges during the ongoing COVID-19 pandemic, the Federal Communications Commission (FCC) should provide immediate relief from Telephone Consumer Protection Act (TCPA) requirements that...
by Emily Leite | May 28, 2020 | Advocacy, Advocacy News, eLumination, eLumination 2020.05.28, Legislative, Regulatory
Ohio credit unions have a well-established history of service in difficult times, providing people-centric services calibrated to individual, business, and community needs. That’s why the full, free, and clear participation by credit unions in the Small Business...
by Chris Noble | May 14, 2020 | Advocacy, Education & Training, eLumination, eLumination 2020.05.14, Ohio CU News, Regulatory
Even though COVID-19 relief remains the Movement’s primary focus, regulatory advocacy has not taken a backseat. In March, the League provided comments to the NCUA’s proposed rule change concerning combination transactions with non-credit unions (RIN 3313–AF10)....
by Chris Noble | May 14, 2020 | Advocacy, Education & Training, eLumination, eLumination 2020.05.14, Ohio CU News, Regulatory
Connecting with regulators empowers Ohio credit unions to mold their future. That’s why the League recently brought the Ohio Divisions of Financial Institutions directly to credit unions during a recent townhall discussion. With nearly 40 different credit unions...
by Chris Noble | Apr 16, 2020 | Advocacy, Education & Training, eLumination, eLumination 2020.04.16, Ohio CU News, Regulatory
As you work tirelessly to help members navigate the COVID-19 financial impact, the League is dedicating our efforts to bring helpful experts and guidance to your fingertips. You can get answers to your most pressing questions on a variety of regulatory topics, like...
by Emily Leite | Mar 19, 2020 | Advocacy, Consumer, eLumination, eLumination.2020.03.19, Legislative, Media, Member Benefits, Ohio CU News, Regulatory
As your credit union prioritizes taking care of staff and operations, there are federal resources available to assist you. Recently, the NCUA released the following guidance to help credit unions preserve safety and soundness while navigating the evolving financial...
by Emily Leite | Mar 19, 2020 | Advocacy, Advocacy News, Consumer, eLumination, eLumination.2020.03.19, Legislative, Media, Regulatory
During the dynamic COVID-19 situation, the League is committed to keeping you updated on the work we’re doing on behalf of your credit union and its members through federal and state legislative, political and regulatory advocacy. The League is working with state...
by Emily Leite | Mar 4, 2020 | Advocacy, Advocacy News, eLumination, eLumination 2020.03.05, Regulatory
As your credit union focuses on growing and serving members, your League constantly scans the legal horizon for opportunities to protect and promote the Movement. When it was determined a recent Ohio Supreme Court case could erode the ability for Ohio credit unions to...
