COLUMBUS, Ohio (10/16/14)--Ohio credit union membership has reached 3 million--a milestone that echoes the national credit union achievement of 100 million memberships. Ohio Credit Union League President/CEO Paul Mercer recently told Columbus Business First he expects Ohio credit unions to continue their strong performance (Oct. 13).
Ohio-based credit unions added 31,000 members between June 2013 and midyear 2014--a 1% increase, according to a quarterly report from the league.
"I think you're going to see that continue to climb; we're looking forward to a really strong period of growth in Ohio," Mercer told reporter Evan Weese. "Our credit unions have modernized tremendously with the technology consumers want."
Ohio credit unions reported strong auto-lending performance for the year, adding $670 million to their portfolios, an 11% increase.
"Demand for new automobiles was severely stressed (during the recession)," Mercer said. "It's climbing back. Credit unions have become very strong partners with auto dealers."