WELCOME TO THE CREDIT UNIONS SECTION

The Credit Union Section is the primary regulator of all Ohio-chartered credit unions. The Credit Union Section was established within the Department of Commerce in 1995, when the department experienced a major reorganization. All of the cost of operating the Credit Union Section is covered by assessments levied on the credit unions it regulates. This website provides easy access to information about programs and activities. We hope you find it informative and helpful.

Accessibility - All the Department's staff members are very accessible. This promotes ongoing communication and allows a credit union official to talk directly to the decision maker. Our staff considers and responds to requests in a timely and efficient manner.

Local Supervision - The Department's examiners generally live in the area in which they work. They know the people, the credit unions and understand their concerns. As a result, they are familiar with the issues affecting local communities.

Experience/Training - The Department's staff have many years of experience and work hard to help and assist credit unions. The Department's field staff attends many National Credit Union Administration (NCUA) schools as well as, various workshops and seminars sponsored by the National Association of State Credit Union Supervisors (NASCUS).

Accreditation - The Department is accredited by NASCUS, the national accrediting agency for state credit union regulatory departments. The Credit Union Section received re-accreditation from NASCUS on December 6, 2007. This creates tremendous opportunities for credit unions; thus creating benchmarking of standardized regulatory procedures and best practices as well as adhering to a methodology for measuring effectiveness and consistency in the exam process.

The Credit Union section plays a key role in the improvement and growth of Ohio-chartered credit unions and is dedicated to maintaining regulatory standards of excellence. Enhancing Ohio's future by providing fair, consistent regulation that balances maximum benefit, while safeguarding public interest, protecting credit union members and promoting public confidence in credit unions.

To fulfill our legal obligations to safeguard the public, while striving to regulate commerce in a reasonable, fair and efficient manner.