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Read. Follow. Verify.Ohio updates regulations and dissolution rules for credit union share guaranty corporations
Last action · February 4, 2026: Referred to Financial InstitutionsSponsor: Justin Pizzulli
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What This Bill Would Do
Ohio House Bill 612 revises the statutory requirements governing credit union share guaranty corporations, including provisions for operating levels, capital contributions, assessments, and asset distribution upon dissolution. Participating credit unions must adhere to adjusted capital contribution rules and default reporting timelines.
Participating credit unions face updated assessment, contribution, and default reporting rules that govern their reserve funds and potential refunds or dissolution distributions.
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Participating credit unions
Participating credit unions must maintain capital contributions, pay required assessments and premiums, and face potential default reporting or participation revocation if payments are missed.
Credit union share guaranty corporations
Guaranty corporations must establish guarantee funds, levy contributions or assessments when required, report defaults, and follow updated rules for asset distribution upon dissolution.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the minimum operating level required for a credit union share guaranty corporation's guarantee fund?
What happens if a participating credit union fails to pay a required capital contribution or assessment on time?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
2 actions- Feb 4, 2026HouseCommitteeReferred to Financial Institutions
- Nov 25, 2025HouseIntroducedIntroduced
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
www.legislature.ohio.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy10Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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