About Us

Who we are

OSU Federal is a federally-chartered community-based credit union with branches in Benton, Lincoln, Linn, Marion and Polk counties. Since 1954, OSU Federal 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. You see, we exist for the benefit of our member-owners, and not to profit from them. That’s what makes us different from banks and that’s how we’re able to create financial solutions that make lives better.

See our annual report here.

Our history

Back 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 consisting of 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 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.

Long gone are the days when members had to only be affiliated with Oregon State University. Today, OSU Federal, Your Community Credit Union, is a thriving financial cooperative with more than $830 million in assets open to everyone who lives, works, attends school, or worships in Benton, Lincoln, Linn, Marion or Polk County. Yes, we’ve grown, but the relationship between savers and borrowers is what keeps us strong today.

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 Click here to learn more

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 96 million 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 our members in the form of additional locations, more service, lower or no fees, and competitive interest rates.
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.
Volunteer Boards – Each credit union is governed by a board of directors, elected by and from the credit union’s membership. Board members serve voluntarily.
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 assist members to become better educated 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 causes credit unions and our employees to get involved in community charitable activities and worthwhile causes.

From Credit Union National Association

Become a member of OSU Federal

You’re eligible to join if you meet one of the following requirements

  • You live, work, attend school, worship, or regularly conduct business in Benton, Lincoln, Linn, Marion, or Polk County
  • Are related to someone who is an OSU Federal member or eligible for membership
  • A business or other legal entity located in Benton, Lincoln, Linn, Marion, or Polk County

Once a member, always a member. Even if you move to another state, you can keep all your accounts and continue enjoying the benefits of your OSU Federal membership.

Why join OSU Federal

When you compare us to the big banks, the clear difference is in the personalized service you’ll receive – because we’re here 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

OSU Federal 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 five counties we serve – Benton, Lincoln, Linn, Marion, and Polk.

OSU Federal 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 OSU Federal 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 the OSU Federal Annual Report here.

Click here for a list of financially supported organizations.

Click here for a list of organizations we volunteer for.

OSU Federal is committed to education

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

OSU Federal 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.

OSU Federal 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
OSU Federal ads
Member stories

Media contact:

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

Employment opportunities

Looking for a meaningful career where you’re encouraged to be enthusiastic, professional, friendly, team orientated, and driven? If so, we want to talk to you! Especially if you’re comfortable on a computer, have experience handling cash, possess excellent interpersonal skills or can speak more than one language.

To view open positions, click here.

OSU Federal ©2010 OSU Federal

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

Routing number : 323274270