Bob Coyle, an associate professor of Agriculture at Oregon State College (now Oregon State University), founded Oregon State College Federal Credit Union to serve the unmet financial needs of its members. Mr. Coyle ran the credit union from his desk in Snell Hall (now Ballard Extension Hall). In those early days, membership in the credit union was small.
The original membership charter restricted membership to employees of Oregon State College; selected state and federal employees affiliated with the college; and employees of the credit union, their immediate families and organizations. In those early days, if a member needed a loan, Mr. Coyle went from member to member, shoebox in hand, to pull together enough deposits to cover the request.
The original membership charter restricted membership to employees of Oregon State College; selected state and federal employees affiliated with the college; and employees of the credit union, their immediate families and organizations. In those early days, if a member needed a loan, Mr. Coyle went from member to member, shoebox in hand, to pull together enough deposits to cover the request.
Services
Annual meeting
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Attendees learned about the credit union's 2020 achievements from the Chairman of the Board and the President/CEO, and to elect three directors to open positions on the Board of Directors. These member candidates will serve on your Board of Directors. Board members, elected by fellow members, determine the general direction of the credit union.
Annual report for members
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Oregon State Credit Union is a not-for-profit financial cooperative that exists to serve our members. We provide the same types of financial products and services you would find at other financial institutions, but there are clear differences.
We are a full-service, community based and operated financial institution that provides a complete range of financial products and services, including investment, real estate and small business lending to our members with the convenience, ease, affordability and dependability that only a member-owned cooperative can offer.
We are a full-service, community based and operated financial institution that provides a complete range of financial products and services, including investment, real estate and small business lending to our members with the convenience, ease, affordability and dependability that only a member-owned cooperative can offer.
Board compensation
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Oregon State Credit Union has established a Compensation Policy to provide reasonable compensation for its Board of Directors and Supervisory Committee as allowed by Oregon law and the Credit Union's Bylaws. If you do not have electronic access, you may request a copy at any Oregon State Credit Union branch or call Oregon State Credit Union at 800-732-0173.
Board nomination
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As a member-owned, not-for-profit financial cooperative, Oregon State Credit Union is governed by a Board of Directors who are elected by and from its membership to three year terms. The Board of Directors is the cornerstone of governance, providing strategic direction and monitoring risks and control systems.
Financial giving
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Dedication to service goes beyond providing 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 give back to the many counties we serve in our field of membership.
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