Ohio Credit Union System

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The Ohio Credit Union System is an Ohio-based American trade association for credit unions. The Ohio Credit Union System is composed of the Ohio Credit Union League (a credit union league), the Ohio Credit Union Foundation (a non-profit organization), OCULPAC (a lobbying organization), and OCUL Services Corp., a service & solutions supplier for credit unions. OCUS credit unions have over 2.6 million members and $16.9 billion in deposits [1] and include both federal credit unions and credit unions chartered by Ohio. [2]

Ohio State of the United States of America

Ohio is a Midwestern state in the Great Lakes region of the United States. Of the fifty states, it is the 34th largest by area, the seventh most populous, and the tenth most densely populated. The state's capital and largest city is Columbus.

United States Federal republic in North America

The United States of America (USA), commonly known as the United States or America, is a country comprising 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico. The State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world's 17 megadiverse countries.

Credit union member-owned financial cooperative

A credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its members credit at competitive rates as well as other financial services.

OCUS is governed by a Board of Directors elected by its member credit unions. OCUS headquarters have been in Cincinnati, Ohio (1934-1945), Columbus, Ohio (1945-1998), Dublin, Ohio (1998-2008), and moved back to Columbus, Ohio in 2008.[ citation needed ] Under OCUS, the State of Ohio is divided into thirteen chapters, with affiliated credit unions assigned to the chapters based on their geographic location.[ citation needed ]

Columbus, Ohio Capital of Ohio

Columbus is the state capital of and the most populous city in the U.S. state of Ohio. With a population of 879,170 as of 2017 estimates, it is the 14th-most populous city in the United States and one of the fastest growing large cities in the nation. This makes Columbus the third-most populous state capital in the US and the second-most populous city in the Midwest. It is the core city of the Columbus, OH Metropolitan Statistical Area, which encompasses ten counties. With a population of 2,078,725, it is Ohio's second-largest metropolitan area.

Dublin, Ohio City in Ohio, United States

Dublin is a city in Franklin, Delaware, and Union counties in the U.S. state of Ohio. The population was 41,751 at the 2010 census. Dublin is a suburb of Columbus, Ohio.

In 2006, OCUS entered a four-year partnership with World Council of Credit Unions (WOCCU) and Bolivian credit unions. The partnership seeks to create an electronic banking network in Bolivia with funding from USAID Bolivia. Employees of the Ohio Credit Unions are providing expertise and sharing technologies with Bolivian credit unions. [3]

World Council of Credit Unions other organization in Madison, United States

The World Council of Credit Unions is the leading international trade association and development agency for credit unions and cooperative financial institutions. World Council promotes the self-sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations, and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.

The United States Agency for International Development (USAID) is an independent agency of the United States federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 billion, USAID is one of the largest official aid agencies in the world, and accounts for more than half of all U.S. foreign assistance—the highest in the world in absolute dollar terms.

The Ohio Credit Union Foundation (OCUF) funds financial literacy programs [4] and disaster relief efforts. The foundation granted $60,000 to the PBS television program Biz Kid$.[ citation needed ]

<i>Biz Kid$</i> television series

Biz Kid$ is an educational television/sketch comedy/variety show that teaches financial education and entrepreneurship to babies, toddlers, kids, preteens and teens. It uses sketch comedy, musical guests, guest and special guest appearances, and young actors to explain basic economic concepts. Its motto is: "Where kids teach kids about money and business." It is like a PBS Kids Go! version of Almost Live!.

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Ohio State University public research university in Columbus, Ohio, United States

The Ohio State University, commonly referred to as Ohio State or OSU, is a large public research university in Columbus, Ohio. Founded in 1870 as a land-grant university and the ninth university in Ohio with the Morrill Act of 1862, the university was originally known as the Ohio Agricultural and Mechanical College (Mech). The college began with a focus on training students in various agricultural and mechanical disciplines but it developed into a comprehensive university under the direction of then-Governor Rutherford B. Hayes, and in 1878 the Ohio General Assembly passed a law changing the name to "The Ohio State University". It has since grown into the third-largest university campus in the United States. Along with its main campus in Columbus, Ohio State also operates regional campuses in Lima, Mansfield, Marion, Newark, and Wooster.

Financial regulation

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Microfinance is a category of financial services targeted at individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems. Microfinance services are designed to be more affordable to poor and socially marginalized customers and to help them become self-sufficient.

Oklahoma City University American university

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A credit union league or credit union central is cooperative federation for credit unions.

Gulf and Fraser Fishermen's Credit Union operating as G&F Financial Group is a member-owned financial institution in Burnaby, British Columbia and the ninth largest credit union in British Columbia, by asset size. With a history dating back to 1936, G&F Financial Group provides banking and a variety of financial services including borrowing, investments and financial planning. It is insured by the Credit Union Deposit Insurance Corporation of British Columbia.

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First Calgary Financial is a member-owned financial institution based out of Calgary, Alberta, Canada. The organization was established in 1987 through the merger of seven open-bond credit unions, as well as two additional credit union purchases. The first member-owned credit union that would eventually become First Calgary Financial was founded in 1938.

The Cornerstone Credit Union League (Cornerstone) is a not-for-profit credit union league that publicly represents nearly 600 credit unions across Texas, Oklahoma, and Arkansas. It communicates with and educates the general public on credit unions as a safe and secure financial institution, provides professional development to practitioners in the industry and advocates for the credit unions on a state and federal legislative and regulatory level. More than 8.4 million members in turn own these credit unions, with Cornerstone's service corporation providing industry assistance and tools to help spread their presence as full-service financial institutions.

Firstmark Credit Union

Firstmark Credit Union is a federally insured, state-chartered, member-owned, not-for-profit financial cooperative. The credit union was founded by educators in 1932, and changed its name to Firstmark Credit Union in October 2002. Serving over 100,000 members and managing assets of more than US$1 billion, the Credit Union is the fourth largest in San Antonio, Texas’. With sixteen financial centers(including the acquisition of Southside Credit Union and St. Joseph's Credit Union), the Credit Union offers a full range of financial products and services, both personal and commercial. Firstmark Credit Union is community-chartered. Membership is open to anyone who lives, works, worships, attends school in Bexar County. Educators, students and their families, in the following 12 surrounding counties are also eligible: Atascosa, Bandera, Comal, Dimmit, Frio, Guadalupe, Kendall, La Salle, McMullen, Medina, Wilson, and Zavala.

The Support Center is a not-for-profit organization and a community development financial institution(CDFI), based in Raleigh, North Carolina. It is a statewide nonprofit that partners with Community Development Credit Unions (CDCUs) and community-based organizations to provide small business and mortgage lending services to its members; and to provide training, grants, and loans to create economic opportunities for individuals, families, and communities in underserved markets.

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Telhio Credit Union

Telhio Credit Union or Telhio is a US Credit union or financial cooperative headquartered in Columbus, Ohio. Telhio is registered as a state-chartered type credit union and is the fifth largest credit union in Central Ohio. As of December 2017, Telhio has approxiamately $814Mil in assets, and 70,000 members. Telhio is federally insured by the National Credit Union Administration (NCUA), which insures accounts in federal and most state-chartered credit unions in the United States up to $250,000. Additionally, Telhio carries ESI Insurance, which insures accounts an additional $250,000, for a total of $500,000 in deposit insurance.

Wescom Resources Group (WRG) is a wholly owned subsidiary of Wescom Credit Union that operates as a CUSO headquartered in Pasadena, California, providing technology products and services to credit unions across the United States.

References

  1. ↑ Wartenberg, Steve. Credit unions grow in downturn. The Columbus Dispatch 23 Oct. 2009
  2. ↑ Vanac, Mary. U.S. Supreme Court Sides with Banks in Fight Over Credit-Union Members. Knight Ridder/Tribune Business News. 26 Feb. 1998
  3. ↑ Credit Union Development Project - Bolivia. International Labour Organization
  4. ↑ "1st Class Graduates OH Financial Ed Classes." Banking Wire. 2002. Retrieved November 20, 2009 from AccessMyLibrary[ permanent dead link ]
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