Financially secure and strong: our structure is our difference
You may be hearing in the news of the concerns stemming from the recent closures of regional banks including Silicon Valley Bank (“SVB”) and Signature Bank. For-profit-institutions owned by their stock holders must prioritize profits and a return to the investor over their customers as demonstrated by high tolerance for risk.
Our structure is our difference. As a member-owner of Oregon State Credit Union I want to provide you confidence that your not-for-profit financial cooperative remains financially strong; here for you today and for your future.
Here for you as a sustaining resource:
Oregon State Credit Union has served our member-owners for nearly 70 years providing financial inclusion and financial empowerment through the delivery of unsurpassed service and safe financial solutions.
As Oregon’s 5th largest credit union with over $2.3 billion in assets our financial position remains strong.
Your deposits, insured by the National Credit Union Share Insurance Fund, are secure with us and we are well capitalized at 11.51% net worth.
Our structure is our strength. As a member-owned not-for-profit financial cooperative we prioritize you and the security of your financial well-being. We adhere to strong financial risk management principles and are prepared to continue to weather financial storms.
Rest assured that Oregon State Credit Union continues to focus on you, our member-owners, who entrust your finances with your cooperative. We are financially strong and prepared to be here, to meet your financial needs today and tomorrow.
Thank you for being a member.
President and CEO
Oregon State Credit Union