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OHIO CREDIT
UNION LEAGUE
O hio’s credit unions are celebrating 75 years of service this year. And
the mission — of providing individuals, families, and entire communities
with economic stability through the dignity of financial empowerment —
remains the same as it was when credit unions were founded. This philosophy
distinguishes Ohio’s 414 credit unions from other financial service providers and
inspires loyalty from more than 2.6 million members.

Credit unions are more than providers of financial products and services. To
improve people’s lives through self-help and personal responsibility, they offer
an array of real solutions: free financial education; special savings programs;
short-term, low-interest loans; and one-on-one counseling. The Ohio Credit
Union League is pleased to report how credit unions served their members
and communities in 2008, and how they work every day to improve lives.

2
every3
of
Ohio credit unions provide
free financial education in
their communities.
More than 350 credit unions
offer their communities no-cost
opportunities to increase their
financial savvy so they can
eliminate debt and build wealth.

74%
of Ohio’s credit unions
either partner with or
“We are a blue-collar credit union.
Our members would have no [other]
refer members to a
community agency to
place to go for assistance.”
improve other aspects
of their lives. — Survey Participant
 Ohio’s credit unions provide financial education
to a spectrum of groups in their communities.
56.7%

44.8%
Adult High School
Members Ages 14-18
36.6%

35.8%

29.9%
Elementary Middle Adult
School School Non-
Ages 6-10 Ages 11-13 Members
20.9%

20.9%

20.1%

Ethnic Groups
Early College Senior
Ages Ages Citizens 6.7%
0-5 19+

Teaching personal financial responsibility has always been part

of the mission of not-for-profit credit unions. Credit unions are
stepping up their efforts as leaders in financial education and
investing in brighter futures for all Ohioans.

60.4%

42.5% 41.8%
60.4%
Ohio’s credit unions offer
financial education via
one-on-one counseling, one
of many approaches utilized.
27.6%
27.6%
23.9%

12.7%
9.0% 9.0%

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 “We look for ways to provide financial
education to schools, churches,
after-school groups, and others
because we feel it is imperative to
raise the level of financial literacy
among children, teens and adults. ”
— Survey Participant

Ohio’s credit unions offer financial education programs to

people in their communities on a wide variety of topics.

57.5%
Budgeting for life 47.8% 47%
on your own Checking & Identity
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45.5% 37.3% 37.3%

Credit
concepts Car Investing in
buying your future

35.1% 23.1% 23.1%

Retirement/ College
Money &
investment funding its sources 11.9%
Other
 22.4%
of Ohio’s credit unions participate
in a government-sponsored
student loan program.

10.4%
61.8%
of Ohio’s credit unions
Have their own credit union
student loan program.

participate in student
loan programs for 10.4%
higher education. Offer a program sponsored
by a third party.

3% Offer other student

loan programs.
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 Ohio’s credit unions offer unique programs
for teens to help them transition into
financially responsible adults.
Offer credit card programs for teens

32.1%
Programs credit unions use to
teach financial education to youth.

41.8%
6.7%
Use a program they Practical
developed internally Money
Skills

35.1%
National 14.9%
Endowment Junior
for Financial Achievement
Education
(NEFE)
6.7%
Offer auto loan programs for teens

Thrive
By Five
28.4%

32.1% MoneyAndStuff.info

3.7%
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8.2%
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Fitness
19.4%
Other,
developed 4.5%
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externally
Offer other programs for teens

Student
17.9%

3.7% OSU
FDIC Extension
Money 4.5%
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Offer Biz Kid$™ entrepreneur loans for youth (0.7%)

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10.4%
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67.4%
of Ohio’s credit unions have
incorporated the social mission
of credit unions into their
strategic planning processes.

23.1%
61.5%
of Ohio’s credit unions
target specific segments
of the population
22.4% with products
or services.

4.5%
3.7% 3.7%
3.0% 3.0%
2.2%
1.5%
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Going above and beyond – offering specialized services to unserved and

underserved markets to make a positive difference in people’s lives.
Ohio’s credit unions offer a wide variety of financial
products and services to help their 2.6 million members.

Emergency Loans
38.8%
Student Loans
33.6%
First-time home buyer mortgage program
30.6%
College scholarships
29.1%
Short-term payday alternative loans
26.9%
Teen credit card program
20.9%
StretchPay credit union salary advance
17.2%
Mortgage program for
low-income members 11.9%
Non-specified mortgage program
11.9% 6.7% Check cashing services
for non-members

11.2%
Small Business Administration Loan
6.0% Free tax preparation service
for low-income members

Auto loan program for

low-income members 9.7% 3.7% Individual Development
Account Programs

Home loan payment

relief program 9.7% 2.7% Multi-lingual
website

Mortgage program for

underserved populations 7.5% 1.5% Microenterprise
loans

Overseas wire transfers

7.5% 1.5% Special loan programs
for military families

The Credit Union Difference

Credit unions are not-for-profit, member-owned cooperatives distinguished by their:
Purpose… to serve members
Governance… volunteer directors elected by members
Member benefits… earnings invested in members and the community
Values… in people, not profits

OHIO CREDIT
UNION LEAGUE
10 West Broad Street, Suite 1100, Columbus, Ohio 43215
Phone: (800) 486-2917
www.OhioCreditUnions.org