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.
- It's great to be a State Charter in Ohio!
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.
- Credit Union Section Mission
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.
- Department of Commerce Mission
To fulfill our legal obligations to safeguard the public, while striving to regulate commerce in a reasonable, fair and efficient manner.