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Ohio Administrative Code (Last Updated: January 12, 2021) |
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1301:9 Division of Financial Institutions: Credit Unions |
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Chapter1301:9-2. General Provisions |
1301:9-2-05. Financial statements
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(A) Each credit union member shall be furnished, at least semiannually, a statement of accounts. Such statement shall clearly reflect all transactions involving the member's account during the previous accounting period. Any member, pursuant to request, shall receive within a reasonable time a statement reflecting the member's current outstanding balances in the member's account.
(B) A credit union shall display at all operating locations, copies of its current and previous month's financial statements. Such statements shall be posted in both a conspicuous and available manner, so as to be accessible for inspection by all members. A credit union may satisfy the requirements of this paragraph by posting the financial statements on its website. Should a credit union post the financial statements described in this paragraph on its website, the credit union shall make a physical copy of the statements available to a member upon request.