Ohio Code § 1733.30

§ 1733.30.

(A) A credit union may make any investment of any funds not required for the purpose

of loans, in state or national banks or state or federally chartered savings and loan

associations, savings banks, or credit unions, doing business in this state;  in accounts,

deposits, or shares of federally insured savings and loan associations or savings

banks or insured credit unions, doing business outside this state;  in deposits or

accounts of federally insured banks, trust companies, and mutual savings banks doing

business outside this state;  in the shares of a corporate credit union subject to

the regulations of that corporate credit union;  in shares, stocks, or obligations

of any other organization providing services that are associated with the routine

operations of credit unions;  or in United States government securities or municipal

bonds issued by municipalities of this state;  and, with the approval of the superintendent

of credit unions, in securities other than those specified in this division.  All investments under this division shall be made in United States dollars. (B) In accordance with rules adopted by, and subject to the approval of, the superintendent,

notes or loans made by or to individual members of a credit union may be purchased

by another credit union at such prices as may be agreed upon between the credit unions. (C) A corporate credit union may make investments provided the investments are in accordance

with rules adopted by the superintendent, are consistent with the safety and soundness

of the credit union, and are made with due regard to the investment requirements established

by the applicable insurer recognized under section 1733.041 of the Revised Code .