Who we are
Oregon State Credit Union is a state-chartered credit union. Since 1954 the credit union has been a member-owned, not-for-profit financial institution. Earnings are returned to members in the form of competitive financial offerings, more service and convenience. We exist for the benefit of our member-owners, and not to profit from them. That’s what makes us different from banks and how we’re able to create financial solutions that make lives better.
In 1954, Bob Coyle, an Associate Professor of Agriculture at then Oregon State College (now Oregon State University), founded the credit union to serve the unmet financial needs of faculty. With an initial $25 start-up fund kept in a shoe-box, he originally ran the credit union from his desk in Snell Hall (now Ballard Extension Hall). In those early days, when a member needed a loan, Mr. Coyle went from member to member, shoebox in hand, to pull together the necessary deposits to cover the request.
Mr. Coyle put together an official charter and a board of directors comprising members who volunteered their time and shared his passion for the credit union philosophy. Through careful, conservative management, the credit union grew year by year in capital strength, services and field of membership.
By 1960 the Credit Union had reached its first $1 million in deposits and Mr. Coyle became its first paid manager. The following year the first off-campus branch was opened in Corvallis, Oregon at 1605 N.W. Monroe.
Gone are the days when members had to be affiliated with Oregon State University. Today, Oregon State Credit Union is a thriving financial cooperative able to help even more communities. Yes, we’ve grown, but the relationship between savers and borrowers still keeps us strong, as it did in those early shoebox days.
Our guiding principles
Vision – Creating financial solutions to make lives better
Mission – Providing security, service and solutions
Values – Member focus, integrity, passion, education, cooperative spirit, social responsibility
The credit union difference
While both credit unions and banks offer similar products and services (checking, credit cards, mortgages, etc.), it is important to understand how credit unions are unique and different, and why we remain a necessary and extremely popular financial alternative for millions of Americans.
Not-for-profit – Credit unions are not-for-profit financial cooperatives. We exist to serve our members, not to deliver a profit to stockholders. Unlike other financial institutions, credit unions do not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to members in the form of competitive financial offerings, more service and convenience.
Taxation – Credit unions do pay taxes – payroll taxes, sales taxes and property taxes. Congress exempts credit unions from federal income taxes. The exemption was established in 1937, affirmed by statute in 1951, and re-affirmed in 1998.
Ownership – Credit unions are an economic democracy. Each credit union member has equal ownership — regardless of how much money a member has on deposit. At a credit union, all members are owners.
Board of directors – Each credit union is governed by a board of directors, elected by and from the credit union’s membership.
Membership eligibility – By current statute, credit unions cannot serve the general public. Individuals and businesses/organizations qualify for a credit union membership through their employer, organizational affiliations like religious groups, or community.
Financial education for members – Credit Unions educate their members, helping them become better consumers of financial services.
Social purpose: people helping people – Credit unions exist to serve their members’ financial needs, not provide a profit to third party investors. They know their credit union will be there for them in bad times, as well as good. The same people-first philosophy is at the heart of why credit unions and our employees get involved in the local community through charitable and other worthwhile causes.
From Credit Union National Association
Are you eligible for membership?
- As a state-chartered financial cooperative, Oregon State Credit Union’s full selection of services are available to anyone who lives or works in 24 western and central Oregon counties.
- Our 24 county membership includes: Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry, Deschutes, Douglas, Hood River, Jackson, Jefferson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Multnomah, Polk, Tillamook, Washington, Wasco, and Yamhill.
- Ready to serve you: Contact us by mail, email or phone. Find branch locations and hours. Or use online account access.
- Always a member. Even if you move to another state, you can keep all your accounts and continue enjoying the benefits of your Oregon State Credit Union membership.
Why you should join Oregon State Credit Union
When you compare us to the big banks, the clear difference is in the personalized service you’ll receive – because we’re not-for-profit and working for your financial well-being. Click here to learn more.
Joining is easy
- Pay a one-time $10 membership fee
- Deposit $5 into a Basic Savings account. This minimum balance represents your share of the credit union.
- Open an account or get a loan
Scholarships and grants
Tomorrow’s Leaders Today (TLT) high school scholarships
This spring Oregon State Credit Union will award ten $2,000 scholarships to high school seniors. Eligible students must meet the following criteria:
- Be an Oregon State Credit Union member in good standing.
- Open savings and checking accounts prior to October 31 of their senior year.
- Be a graduating high school senior at a high school within our field of membership that includes 24 western and central Oregon counties.
- Plan to attend a two- or four-year Oregon college or university.
- Submit application and official high school transcript by January 31 of their senior year.
Click here to apply between October 15, 2015 and January 31, 2016.
Oregon State Credit Union is proud to sponsor the following scholarships.
LBCC/Oregon State Credit Union Community Service Scholarship
To assist worthy students who have contributed to their community and to help local students with their educational goals. Learn more
Western Oregon University/Oregon State Credit Union Scholarship
Established in 2002, this scholarship is awarded to any deserving WOU student. Learn more
Education Grants for Teachers (Kindergarten – 12th Grade)
The Oregon State Credit Union Education Grant Program exists to fund learning opportunities within our field of membership for school children (kindergarten through high school). We look for educational programming ideas from teachers that enhance, not duplicate, the standard school curriculum.
Helpful tips for completing the grant application
Grants are considered from January 1 to November 1 or until funds are exhausted.
- Specify how grant funds will benefit students (K-12)
- Target a significant number of students
- Include detailed learning goals and specifics for how the funds will be used
- Show how the funds can benefit future students
- Document additional funding sources if needed to make the project a success
Examples of successful grants
- Books on tape/CD
- Science supplies
- Time Magazine for Kids Subscription
Oregon State Credit Union in your community
Our dedication to service goes well beyond financial products and services. As a financial cooperative we take to heart the credit union principle, “Not for profit, not for charity, but for service.” We believe it’s our duty to be a good corporate citizen and actively give back to the many counties we serve in our field of membership.
Oregon State Credit Union gives back
- Contributed more than $161,000 back into the community including 141 schools, charities and non-profit organizations.
- Through a series of matched donations, the Oregon State Credit Union team sent $34,000 to the Children’s Miracle Network facilities at Doernbecher in Portland and Sacred Heart in Eugene.
- Joined other credit unions in the annual Credit Unions for Kids programs that have collectively contributed millions of dollars to benefit the Children’s Miracle Network and several children’s hospitals.
- Through an internal staff campaign, donated more than $15,000 to local United Way charities within our field of membership.
- Volunteered more than 10,130 hours of staff personal and professional time to nearly 230 organizations.
- Within our 2015 philanthropic giving, dedicated more than $37,500 in scholarships, which includes our Tomorrow’s Leaders Today (TLT) Scholarship program, all designed to make higher education more accessible.
- Provided an additional $15,000 in 51 education grants to local teachers positively impacting the education of more than 6,850 youth.
- Our award-winning Community Education program reached 10,762 individuals, more than 8,000 of them youth, benefitting from 714 financial education presentations during the 2015 calendar year.
- Teamed with local law enforcement agencies to conduct three free community shred day that benefitted our communities with the destruction of 20 tons of sensitive documents saving the environment and protecting the public from identity theft.
- Provided financial services tailored to community needs and customized to help low-to-moderate income families achieve their dreams.
Click here for a list of financially supported organizations.
Click here for a list of organizations we volunteer for.
Oregon State Credit Union is committed to education
Scholarships, and classroom grants
Program and seminars
Everyone benefits from understanding financial basics. We offer free programs and seminars to help people to gain financial knowledge, and—most importantly—establish good habits for wise spending and saving.
Welcome to the Oregon State Credit Union press center. This section is a great way to see what’s going on at your credit union and what we’re doing in the community.
What’s in store for 2016: New branches in Lincoln City and southwest Corvallis, constructions continues at the Operation Center opening in June, and work is underway for a new computer system too.
Sam Niesslein, a 10-year professional in the local investment services industry, has joined Oregon State Credit Union as a CFS* Financial Advisor.
Bonnie Humphrey-Anderson, Oregon State Credit Union’s Chief Financial Officer, has been recognized by the national trade journal, Credit Union Times, as one of the credit union industry’s “Women to Watch.”
Former Harry and David’s Senior Marketing Manager, Steven Gillen, has been named the new Director of Marketing for Oregon State Credit Union.
Oregon State Credit Union has named financial industry professional Matthew Burford as its new Woodburn Branch Manager at the Safeway store location at 1550 N Pacific Hwy.
Oregon State Credit Union invites the community to a free community document shred day on Saturday, June 22, 10 a.m. to 1 p.m., at the Benton County Fairgrounds.
Mortgage refinancing can be a smart move for many homeowners. Is it right for you? Ask yourself these seven helpful questions.
Susan Wack, a 34-year professional in the financial services industry, has joined Oregon State Credit Union as a mortgage loan officer serving the Polk and Marion County area.
There is a phishing campaign currently underway that is using emails that appear to be related to TurboTax. The email does not contain a link; however, the email has a .zip attachment that contains malware.
Do you receive Social Security, VA or other federal benefits by paper check? If so, you will need to switch to electronic direct deposit by March 1, 2013.
We’re simplifying our phone access so you only have to remember one number for all your financial needs. Now you can call 800-732-0173 to reach any of our Oregon State Credit Union branches.
Two of the in-state Children’s Miracle Network hospitals will benefit from $25,000 generated through an internal campaign at Oregon State Credit Union.
Oregon State Credit Union has promoted Philomath Assistant Branch Manager Jackie Templeton to Branch Manager at the same location at 1446 Main Street.
The IRS has issued a warning about possible scams targeting consumers in the wake of Hurricane Sandy. Those scams may be carried out by phone, social media, email or in-person solicitations.
Congratulations to Peter Walker our Regional Branch Manager for his outstanding effort throughout the competition for the Next Top Credit Union Executive! The results of the finals competition can be viewed at the contest website, www.nexttopcreditunionexec.com.
Oregon State Credit Union awarded 15 local high school seniors the 14th annual $1000 Tomorrow’s Leaders Today (TLT) college scholarships at its annual meeting April 4 at Corvallis’ Majestic Theater.
There is a new email scam that involves a type of malware called “Gameover”. The scam involves a fake email sent from a Federal Agency attempting to trick you into opening a link to resolve some type of problem with your account or deal with a recent transaction.
Oregon State Credit Union, has distributed 60 computer stations over the past six months to schools and non-profit organizations throughout the credit union’s five-county field of membership.
Oregon State Credit Union, culminated a series of events in celebration of its new Lebanon branch construction with a total of $5,000 awarded to three Lebanon School District-based projects through a vote of the local community.
Thanks to everyone who voted, the first phase of our Lebanon “Cash-4-Kids” contest has ended. The final phase of the contest began August 24 and ended September 13. The results of the contest were announced during the Lebanon Chamber of Commerce’s Business After Hours meeting on September 15.
Oregon State Credit Union, held its grand opening of its relocated Lebanon branch at 3330 Cooperative Way August 24. The site is at the lighted intersection of Highway 20 and Burdell Boulevard in south Lebanon.
Oregon State Credit Union has promoted Albany Assistant Branch Manager Kristin Hyde to lead its new Lebanon branch location at 3330 Cooperative Way.
Oregon State Credit Union, has promoted Lebanon Branch Manager Peter Walker to the position of Regional Branch Services Manager for Linn, Benton and Lincoln counties.
Rhonda Heile-Brown has been promoted to the position of Executive Vice President/Chief Operating Officer with Oregon State Credit Union.
Jim Gibson has been promoted to the position of Vice President for Branch Services with Oregon State Credit Union.
Oregon State Credit Union adds Chief Information Officer Craig Cole to lead future technology services
Craig Cole has accepted the position of Executive Vice President/Chief Information Officer with Oregon State Credit Union.
Oregon State Credit Union is donating 48 computer stations to several school districts throughout its five-county field of membership. Students benefitting from the donations of computers that Oregon State Credit Union has made available are enrolled at Santiam Christian Schools and the high schools in Dallas, Eddyville, Falls City, Lebanon and Central in Independence.
Free shred days in the communities of Corvallis, North Albany and Keizer during 2015 served more than 1,200 vehicles and shredding more than 20 tons of sensitive materials for safe and secure disposal.
Listen to Lyndora Talyor, Oregon State Credit Union’s Director of Real Estate Services provide a few questions to help you decide if you should consider refinancing your home.
Listen as Lyndora Talyor, Oregon State Credit Union’s Director of Real Estate Services, provides general guidance on how to prioritize your home improvement dreams.
Every day, Oregon State Credit Union members tell us how our products, services and people have made a difference in their lives. Below are a few of those stories. If you want to share your member story, be sure to stop by any branch or call one of our Member Service Representatives at 800-732-0173.
Doug and Barbara Fredette hugged their home loan officer, Jaimy Herbert, right there in the Oregon State Credit Union offices. Worried faces and anxious hearts gave way to smiles as Jaimy confirmed the Fredettes’ home mortgage refinance was approved.
Business Services member Jason Wallis, founder and president of Fitness Over 50, says “Oregon State Credit Union works just like I do. They’re always on my side looking out for me, just like I look out for Fitness Over 50 members.”
Betty Flowers, of Toledo, refinanced credit cards and two vehicles at Oregon State Credit Union and is now on track for a debt-free retirement with her husband.
No matter how long you’ve been an Oregon State Credit Union member – five minutes or five decades – you’ll find Oregon State Credit Union ready to help make your dreams come true. That’s the case for Corvallis members Nick and Kristen Arzner, who dreamed of starting a business.
The Oregon State Credit Union member newsletter, Homepage, is delivered to your mailbox or email inbox if you have estatements. Homepage is packed with member stories, announcements and other financial tips to help you save and borrow money wisely.
Get the newsletter here. Learn more: coping with debt; can debt consolidation help you?; tips to keep you safe at the ATM; free tools make it easier to save; get your tax refund fast with direct deposit; annual business meeting; Lincoln City branch; protect against ID theft; Investment products and services.
Get the newsletter here. A member’s story: rising from the recession; the high cost of back-to-school needs; planning for college; new branches; Keizer shred day; PIN-less debit; CU difference; Federally insured; Insurance review; investment seminars.
Get the newsletter here. Inside this issue: Online account access convenience; smart car-buying tips; Benton County car sale; standard and specialty home loan solutions; buy your first home; TLT scholarship winners; Board members elections; the credit union difference; go green: invest in environment; Investment seminars.
Email keeps you in the loop
Important updates, news, special offers, and financial education
Stay informed and up to date with fast delivery of meaningful, timely information about your community credit union. Oregon State Credit Union messages from e.oregonstatecu.com will include product and service information and special offers. Plus, with email you’ll help preserve the environment, reduce paper waste, and you can opt out anytime by clicking the link at the bottom the email.
Privacy and security are yours
We promise to provide information that’s relevant to your membership and helpful for financial decision making. We don’t use email to gather confidential or personal information such as account or Social Security numbers.
Keep us updated, we’ll do the same
Email is an efficient and responsible way to deliver information that’s relevant to you. But we rely on you to make sure we have your preferred, correct email address. Rest easy — we don’t sell email addresses or personal information. As an added protection against fraud, each email we send has a unique identifier. If you’re not sure an email you received is from us, call us and we’ll use the unique identifier to verify if the message was sent from us.
Want to unsubscribe?
If you want to unsubscribe from receiving special offers and product and service information, please click here.
Oregon State Credit Union in the news
We have a variety of resources available for the press and media. If you have any questions, please contact Mike Corwin. For transactions and other non-media related questions, please contact our Member Service Center at 800-732-0173.
AVP Business Development and Public Relations
Oregon State Credit Union career opportunities
Meet staff at Oregon State Credit Union
Get to know us through our employee videos which explain how our staff live credit union values each day.
Why work at Oregon State Credit Union?
You’ll enjoy the dynamic, supportive culture at Oregon State Credit Union, where we value member service and commitment, teamwork, and respect for others. We’re always on the lookout for enthusiastic individuals who possess a high degree of professionalism along with computer, cash handling and interpersonal skills. Bilingual skills are a plus.
Oregon State Credit Union comprehensive benefits
For eligible employees a full range of benefits is available, including:
- 401(k) retirement plan with an employer match and discretionary contribution.
- Paid time off (PTO).
- Life and Disability
- Plus: flexible spending, employee assistance program, merit incentives, zero percent computer loans and ongoing training.
Oregon State Credit Union culture
At Oregon State Credit Union, our people are exceptional. And it all starts with our culture, which includes motivation, passion, self confidence, accountability and more. If you look at the list below and can see yourself working here, we’d like to hear from you.
- Passionate about service to others
- Committed to acting with integrity
- Self-confident and demonstrate initiative
- Highly accountable for your actions
- An individual as well as team contributor
- Known for your collaborative nature and cooperative spirit
- Enthusiastic about change
- Respectful of others
- Inspired by shared goals
- Prepared to communicate professionalism through appearance
Oregon State Credit Union is an equal opportunity employer
All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of gender, race/ethnicity, protected veterans status, disability or other protected group status.
Investing in the future: a new Operations Center in southwest Corvallis
Oregon State Credit Union has broken ground on a new LEED-certified Operations Center further establishing a commitment to headquarter the credit union in Corvallis for decades to come. The construction at the corner of Research Way and Technology Loop in southwest Corvallis will include a third Corvallis branch, a community room, administration and back office operations.Tip – Refresh your screen for current updates.
Oregon State Credit Union Operations Center (Corvallis, OR)
Final appearance emerges as exterior finishes are applied
The Operations Center has nearly reached dry-in status, meaning the exterior has been completed sufficiently to keep out the weather. Much of the exterior brick work is finished, and 75 percent of the curtain walls (those big glass windows) are installed. Most of the roof is on, as well as the rough-ins for HVAC, plumbing and electrical. Once the interior is protected from the weather, crews will begin to install insulation and drywall.
Crews install rooftop equipment at Operations Center
Crews used a crane to lift two HVAC units to the top of the three-story Operations Center. Each unit weighed more than 10,000 pounds, and measured 25 feet long by 8 feet tall and 8 feet wide.
Crews make progress on multiple fronts
Masons are working their way around the façade installing brickwork as an outline emerges of the building’s final exterior. Crews have been hard at work installing HVAC ductwork throughout the building, concrete has been poured on all three floors, and work has begun on the roofing system. They’ve also installed curtain wall frames on one side of the courtyard and sprinkler pipes for fire suppression throughout the building.
Work progresses as long as the weather holds
Crews have made progress on multiple fronts this week. Masons have begun applying brick to the south stairwell. Mechanical, electrical and plumbing work continues on the south building. Concrete has been poured for the floors on all three levels. Steel is being installed on the main stairwell, and stairwells 1 and 2 are being installed. The sprinkler is almost complete in both sections of the building.
Prep begins for masonry
Crews have been working on the stairwells, preparing them for the addition of the masonry. Concrete has been poured for the floors, and the sidewalks are complete.
Steel stud framing begins to outline interior shape
The final shape of the interior walls is emerging as steel stud framing of the interior and exterior walls progresses. Canopy columns frame the main entrance. Pan decking is in place on the second floor of the north building in preparation for the concrete which will be poured before the month is out. HVAC and ductwork is nearly complete on the first and second floors. On the ground, the first lift of asphalt is down, and the curbing is in place.
Progress made on welding, duct work and asphalt
Work continues on the structural steelwork even as the HVAC ductwork goes in on the first and second floors. About 90 percent of the asphalt base lift on the parking lot is complete, and curbing is taking shape.
Steel beams outline final shape of building
As more steel beams go up, the final shape of the Operations Center is emerging. When complete, the three-story building will be able to accommodate approximately 220 employees within its 62,000 square feet. The building will include a 2,900 square foot branch with a night depository, 24-hour walk-up ATM, and safe deposit boxes.
A crane lifts a steel beam into place at the new Operations Center last week. It will take 600 tons of steel and 700 yards of concrete to complete the structure.
Fair weather suits the ongoing steel work at Oregon State Credit Union’s new Operations Center in Corvallis.
It’s up, up and away as the men of steel go to work on the structure of the Operations Center which is starting to take shape. The ground was leveled, the cement was poured, and today we are putting in the support columns
Oregon State Credit Union has broken ground for a new LEED-certified operations center building to include a third Corvallis branch, administrative offices, back office operations and a community room. It will be located at the corner of Research Way and Technology Loop in southwest Corvallis. The project is slated for a tentative June, 2016 completion.