About Us

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.

See our annual report here.

Our history

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.
  • 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.

Become a member

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

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 over $135,000 back into the community including 149 schools, charities and non-profit organizations.
  • Through a series of matched donations, the Oregon State Credit Union team sent $27,000 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.
  • Donated more than $15,000 to United Way charities in our five county field of membership.
  • Volunteered more than 10,100 hours of staff personal and professional time to nearly 230 organizations.
  • Helped more than 6,425 students through $15,000 in education grants to local schools.
  • Gave 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 financial services tailored to community needs and customized to help low-to-moderate income families achieve their dreams.

Get our annual report here.

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

We provide several high school and college scholarships, and classroom grants.

Oregon State Credit Union believes that 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. Click here to learn more.

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.

News releases
Oregon State Credit Union ads
Member stories

Media contact:

Mike Corwin
AVP Business Development and Public Relations
541-714-4286 Office

Oregon State Credit Union career opportunities

Find more than a job when you start or expand your career in financial services with Oregon State Credit Union, one of the most respected credit unions in the Northwest.

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).
  • Medical/Vision/Dental
  • 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
Action-oriented Solution-focused
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.

Oregon State Credit Union job opportunities

Oregon State Credit Union ©2010 Oregon State Credit Union

  • PO Box 306
  • Corvallis, OR 97339
  • Phone: 800-732-0173

Routing number : 323274270