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Ohio Credit Union Regulators Earn Re-accreditation

Credit union regulators in Ohio got some good news recently. The regulatory agency that oversees the operations of 139 credit unions in Ohio has been reaccredited by State Credit Union Supervisors (NASCUS) following a recent five-year review. Kevin R. Allard is the...

Banks Versus Credit Unions: A Basic Comparison

Traditionally, a credit union was a financial institution whose membership was limited based on workplace, religious or cultural affiliation. However, many credit unions have transitioned to open enrollment. Those credit unions are open to everyone. So, what are some...

Lower Credit Union Ratings with a Caveat

In 2016, Ohio credit unions saw a troubling ratings trend, with just 58 percent of credit unions being granted “recommended” status following an evaluation conducted by independent ratings firm Bauer Financial of Florida. However, those figures are somewhat...

Credit Unions Rates Trends

U.S. Economy Growth Hinges on Trade; Credit Union Loan Growth Expected Credit union insurer CUNA Mutual Group is forecasting an increase in U.S. economic growth, but warns that actual results will depend largely on actions taken by the Trump administration....

Credit Unions Enjoy a Unique Role in Communities

Credit unions were born to serve communities. Whether it be employees of a specific workplace, members with a common religious affiliation or those with similar cultural ties, credit unions function to meet the financial needs of a set group. Also, credit unions are...