Credit unions in OH decline with increased mergers - WTVM.com-Columbus, GA News Weather & Sports

Credit unions in OH decline with increased mergers

  • NEWSMore>>

  • Female soldiers invited to apply for ranger school

    Female soldiers invited to apply for ranger school

    Tuesday, September 16 2014 11:24 AM EDT2014-09-16 15:24:06 GMT
    The army is opening its doors to female soldiers looking to attend ranger school.More >>
    The army is opening its doors to female soldiers looking to attend ranger school.More >>
  • Muscogee County School Board approves redevelopment referendum

    Muscogee County School Board approves redevelopment referendum

    Tuesday, September 16 2014 11:21 AM EDT2014-09-16 15:21:02 GMT
    It was unanimous for the Muscogee County school board Monday night, agreeing to team up with the city of Columbus in giving a boost to under-developed areas. This comes just seven weeks before the publicMore >>
    It was unanimous for the Muscogee County school board Monday night, agreeing to team up with the city of Columbus in giving a boost to under-developed areas. This comes just seven weeks before the public will vote on the Redevelopment of Powers Law.More >>
  • St. Luke School headmaster to retire

    St. Luke School headmaster to retire

    Tuesday, September 16 2014 10:59 AM EDT2014-09-16 14:59:45 GMT
    Mrs. Ann McDuffie, Headmaster of St. Luke School, has announced her decision to retire at the end of the current school year, in May 2015. McDuffie has worked in education for 41 years with eleven yearsMore >>
    Mrs. Ann McDuffie, Headmaster of St. Luke School, has announced her decision to retire at the end of the current school year, in May 2015. McDuffie has worked in education for 41 years with eleven yearsMore >>

AKRON, Ohio (AP) - Membership and assets of credit unions in Ohio have been growing despite a decline in their numbers as more of the institutions merge.

The Akron Beacon Journal (http://bit.ly/1bt1if3) reports that the number of credit unions has dropped 12.5% over the past five years in Ohio to 356. Industry experts say the decrease mirrors a nationwide decline as consolidation becomes widespread in the alternative banking industry. But they say remaining credit unions are becoming stronger.

Membership rose from 2.6 million to 2.7 million and assets climbed from $19.3 billion to $24.4 billion over the same time period.

A state Department of Commerce official says some smaller credit unions that had not kept up with technology and weren't attracting new members are among those closing or merging with larger ones.

 

Information from: Akron Beacon Journal, http://www.ohio.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

1909 Wynnton Road
Columbus, Ga. 31906

FCC Public File
publicfile@wtvm.com
706-494-5400
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WTVM. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.