Around the States - Ohio

Another converts to private insurance: River Valley CU
Oct. 4, 2018 -- As of October 1, the $344 million River Valley Credit Union, located in Miamisburg (Dayton), Ohio, converted from federal to private share insurance provided by American Share Insurance (ASI). ASI has been offering Ohio credit unions a choice in share insurance since 1974. With the addition of River Valley Credit Union, ASI now insures 51 credit unions in the state.

OH credit union regulator earns reaccreditation
Feb. 6, 2017 -- Reaccreditation for the state credit union regulatory agency in Ohio has been approved by NASCUS, following the agency’s recent five-year review. READ

Coffee, Hill and Reeves Elected to OU Credit Union Board
May 5, 2015 – Athens, Ohio – Bill Coffey, Butch Hill and Barbara Reeves have been elected by the membership to the Ohio University Credit Union board of directors. Each will serve a three-year term.

Rutkowski to Begin Post as Ohio Deputy Superintendent for Credit Unions Feb. 23

February 19, 2015 – Columbus, Ohio – With nearly 30 years of experience in the legal profession, including 14 working with the credit union industry in areas of law including regulatory compliance, contract negotiation, employment law and real estate law, Robert W. Rutkowski has been named by Ohio Department of Commerce Director Andre T. Porter as Ohio’s next deputy superintendent for credit unions.

NASCUS Announces New Chair

August 25, 2014 – The National Association of State Credit Union Supervisors (NASCUS) welcomed Stephen S. Pleger, senior deputy commissioner for the Georgia Department of Banking and Finance (DBF), as its Board chair today, and expressed appreciation for the hard work and contributions of former NASCUS Board Chair Mike Wettrich.

State Charters to Benefit from Flat Fee Assessment from ODFI in Coming Year
(From eLumination)
June 11, 2014 – Some prices won’t be rising this year. State-chartered credit unions’ annual fee assessment from the Ohio Division of Financial Institutions (ODFI) will remain flat in fiscal year 2015, which begins July 1, as a result of Credit Union Council action this week. The amount assessed for the coming fiscal year will be $2,237,950, approximately $30,000 more than the FY 2014 assessment. The Credit Union Council, comprised of six CEOs from across Ohio who are appointed by the governor, and chaired by Mike Wettrich, chief examiner and acting deputy superintendent for ODFI’s credit union section, voted to keep the FY 15 annual assessment flat given that the credit union section has sufficient funds in reserve to operate for nearly five months. “The Division and Credit Union Council leaders are to be commended for their strong stewardship of credit union funds and their continued work to strengthen the state charter,” said Ohio Credit Union League President Paul Mercer. State charters experienced a 19% assessment decrease in FY 14, and a flat assessment in FY 13 over FY 12. Council members are Christine Blake, Cardinal Community CU; Bill Burke, Day Air CU; Greg Harper, Ohio Valley Community CU; Vidya Iyengar, Marion Community CU; Greg Kidwell, Pathways Financial CU.



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