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Created by the U.S. Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions.
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Cyberattacks and cybersecurity vulnerabilities pose significant risks to the financial system. Because of vulnerabilities within the credit union industry and the broader financial system to potential cyberattacks, cybersecurity is one of the NCUA’s top supervisory priorities and a top-tier risk under the agency’s enterprise risk-management program.

Ohio Member Business Loan Rule

93-0306 / March 1993

Subject

State Law

Historic Status

Historic

March 10, 1993

Abe Picciuto
Division of Credit Unions
Department of Commerce
77 South High Street
21st Floor
Columbus, Ohio 43266

Re: Business Lending Rule Substantial Equivalence (Your February 24, 1993, Letter)

Dear Mr. Picciuto:

We have received your request for NCUA to review Ohio's proposed business loan rule for substantial equivalence. As you know, the NCUA Board must determine if a state's business loan rule is substantially equivalent to NCUA's regulation. We anticipate presenting Ohio's proposed rule to the NCUA Board within the next three months. If you have any questions concerning this process, please contact Mike McKenna of the Office of General Counsel at (202) 682-9630.

Sincerely,

Becky Baker
Secretary of the NCUA Board

GC/MJM:bhs

cc: Region IV Director

Last modified on

11/14/24

Ohio Member Business Loan Rule

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