Section 1733.39 | Requirements for Doing Business.
Effective: March 20, 2019 Latest Legislation: House Bill 489 – 132nd General Assembly No credit union which is not organized under sections 1733.01 to 1733.45 of the Revised Code, or the “Federal Credit Union Act,” 84 Stat. 994 (1970), 12 U.S.C. 1751, as amended, shall transact any business in this state until: (A) It submits […]
Section 1733.40 | Annual Report.
Effective: September 29, 1994 Latest Legislation: House Bill 695 – 120th General Assembly Each credit union qualified to do business in this state pursuant to section 1733.38 of the Revised Code shall: (A) Annually file with the superintendent of credit unions a financial report which shall be the same as the report required of credit […]
Section 1733.327 | Confidentiality.
Effective: June 18, 2002 Latest Legislation: Senate Bill 138 – 124th General Assembly (A) All conferences and administrative proceedings under sections 1733.324 and 1733.325 of the Revised Code, the fact of their actual or anticipated occurrence, and all notices, agreements, hearings, orders, records, evidence, transcripts, and other writings, happenings, or things pertaining to those conferences […]
Section 1733.328 | Frequency of Credit Union Examinations.
Effective: March 20, 2019 Latest Legislation: House Bill 489 – 132nd General Assembly (A) Notwithstanding section 1733.32 of the Revised Code, and subject to division (B) of this section, the superintendent of financial institutions shall not conduct an examination of a credit union more frequently than once every twenty-four-month cycle, if the credit union meets […]
Section 1733.329 | Credit Union Council.
Effective: March 20, 2019 Latest Legislation: House Bill 489 – 132nd General Assembly (A) There is hereby created in the division of financial institutions the credit union council, which shall consist of seven members. The deputy superintendent for credit unions shall be a member of the council and its chairperson. The governor, with the advice […]
Section 1733.32 | Powers of Superintendent of Financial Institutions.
Effective: March 20, 2019 Latest Legislation: House Bill 489 – 132nd General Assembly (A)(1) The superintendent of financial institutions shall see that the laws relating to credit unions are executed and enforced. (2) The deputy superintendent for credit unions shall be the principal supervisor of credit unions. In that position, the deputy superintendent for credit […]
Section 1733.321 | Credit Unions Fund.
Effective: September 30, 2021 Latest Legislation: House Bill 110 – 134th General Assembly All fees, charges, and forfeitures collected under this chapter shall be paid to the superintendent of financial institutions, who shall deposit them into the state treasury to the credit of the credit unions fund, which is hereby established, and may be expended […]
Section 1733.322 | Requesting Outside Auditor to Review Results of Examination.
Effective: July 14, 1987 Latest Legislation: Senate Bill 149 – 117th General Assembly The superintendent of credit unions may request any outside auditor retained by a credit union that has been examined under section 1733.32 of the Revised Code to review, evaluate, and comment to the superintendent upon the results of the examination or re-examination […]
Section 1733.323 | Issuing Administrative Guidelines.
Effective: July 14, 1987 Latest Legislation: Senate Bill 149 – 117th General Assembly (A) The superintendent of credit unions may issue administrative guidelines which interpret the requirements of this chapter or which define specific acts, practices, or circumstances that are considered by the superintendent to be unsafe or unsound practices or that constitute a violation […]
Section 1733.324 | Issuing Cease-and-Desist Order.
Effective: July 14, 1987 Latest Legislation: Senate Bill 149 – 117th General Assembly (A)(1) If, in the opinion of the superintendent of credit unions, a credit union or a regulated individual is engaged in any unsafe or unsound practice in conducting the business of the credit union, has knowingly participated in or consented to a […]