State • Ohio

HB 986: Prohibit credit union from acquiring Ohio bank

Jason StephensIntroduced

HB 986 status: Introduced (updated Aug 12, 2026).

1

What this bill does

Overall score

Score45/100 civic fit
RiskHigh risk
ImpactModerate impact 60/100

Bill summary

Official

This new law makes it illegal for a credit union to buy a bank in Ohio.

Key analysis

Constitutionality85%
Bipartisan50%
Public opinion50%
2

Impact analysis

Environment

Mixed / Neutral
50%

Benefits

  • No direct effect identified.

Risks

  • No direct effect identified.

Economy

Mixed / Neutral
45%

Benefits

  • Protects local community bank independence.
  • Preserves established regulatory distinctions between financial institutional types.

Risks

  • Restricts market competition in the financial services sector.
  • Limits strategic growth options for credit unions.

Society

Mixed / Neutral
50%

Benefits

  • No direct effect identified.

Risks

  • No direct effect identified.
3

How trustworthy & consequential it is

Source

OpenStates

Confidence

low

low

Analysis status

OpenStates summary

Warning

Could create market distortion by artificially limiting competitive acquisition strategies.

Limitation

Analysis based solely on a high-level legislative abstract.

4

Where it stands

1

Introduced

Current

Introduced

2

Committee

Upcoming
3

Floor

Upcoming
4

Governor

Upcoming
5

Enacted

Upcoming
5

How it affects your district

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6

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