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.
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
Scholarships and grants
Tomorrow’s Leaders Today (TLT) high school scholarships
Every spring OSU Federal awards fifteen $1,000 scholarships to high school seniors. Eligible students must meet the following criteria:
- Be an OSU Federal member in good standing
- Open a TLT savings and checking account prior to October 31
- Be a graduating senior from a high school in Benton, Lincoln, Linn, Marion or Polk county
- Plan to attend a 2 or 4-year Oregon college
- Submit application and official high school transcript by January 31
Click here to apply between September 1, 2013 and January 31, 2014.
OSU Federal is proud to sponsor the following scholarships.
LBCC/OSU Federal 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/OSU Federal 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 OSU Federal Credit Union Education Grant Program exists to fund learning opportunities within our five county 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
Apply any time from January 1 to November 1. Grants will be considered throughout this time period until funds are exhausted.
• Specify how it directly benefits 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
• Time Magazine for Kids Subscription
• Science Supplies
• Books on tape/CD
Community education program
Whether you’re an adult or kid, employee or retiree, financial education is the key to a positive future. That’s why OSU Federal is committed to creating financial wellness and fighting financial illiteracy. Throughout Benton, Lincoln, Linn, Marion, and Polk counties, we offer several free seminars/programs to individuals, schools, employers, governmental agencies, and non-profit organizations.
Some of the topics covered include:
- Debt management
- Checking account management
- Fraud/ID theft prevention
- How to build and maintain your financial house*
- Basic investment principles*
- PERS – A piece of the retirement puzzle*
Click here for a complete list of financial education by county.
People on the job
Our full-time Director of Community Education coordinates the no-cost outreach program that reached 10,200 youth and adults in 2010 with over 20 topics ranging from identity theft to money management. We offer additional local expertise on real estate, business services and investments. Several programs include partnerships with local employers, law enforcement agencies, courts, non-profits, and schools at all levels.
“During our 2020 Vision Process, the community identified financial literacy as a top priority that needed to be taught in our schools. We are excited to partner with OSU Federal to help provide world class instruction and resources to our students that will help prepare them for financial success in the 21st century.” Rob Hess — Superintendent, Lebanon Community Schools
For more information about our community education program contact:
Director of Community Education
* Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA / SIPC ) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
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.
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.
Welcome to the OSU Federal 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.
OSU Federal, Your Community Credit Union, invites the community to a free community document shred day on Saturday, April 19, 10 a.m. to 1 p.m., at the North Albany Village shopping center. The event will include support and presence from the Albany Police Department and their community education effort toward combating identity theft.
Hosted by OSU Federal as a community service, anyone can bring up to three boxes of outdated documents such as old checks or outdated materials with personal information. Documents will be securely shredded onsite for free, with easy drive-n-drop in the North Albany Village parking lot through 1 p.m. or until the shred truck is full.
Albany Police Department Community Education Specialist Sandy Roberts, who will be present with stickers for kids and Albany statistics on financial crimes, said, “The Albany Police Department believes in the power of prevention. Reducing opportunity and risk of becoming a victim can be easy and done at little to no cost. Supporting OSU Federal’s shred day is an excellent way to assist our community in safely disposing of their personal information and decreasing the risk of being an identity theft victim.”
This will be the first of three 2014 OSU Federal shred day events within its field of membership. The second will be at the Benton County Fairgrounds on June 21 and the final opportunity will be September 13 at the Safeway-based OSU Federal branch on River Road in Keizer.
OSU Federal is a member-owned, not-for-profit financial cooperative open to anyone who lives, works, or attends school in Benton, Lincoln, Linn, Marion or Polk County.
Former Harry and David’s Senior Marketing Manager, Steven Gillen, has been named the new Director of Marketing for OSU Federal, Your Community Credit Union.
OSU Federal, Your Community 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.
OSU Federal, Your Community 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 OSU Federal, Your Community 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 OSU Federal branches.
Two of the in-state Children’s Miracle Network hospitals will benefit from $25,000 generated through an internal campaign at OSU Federal, Your Community Credit Union.
OSU Federal 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.
OSU Federal, Your Community 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.
OSU Federal, Your Community 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.
OSU Federal, Your Community 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.
OSU Federal, Your Community 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.
OSU Federal, Your Community Credit Union, has promoted Albany Assistant Branch Manager Kristin Hyde to lead its new Lebanon branch location at 3330 Cooperative Way.
It’s never too early for youth to learn the value of savings. And that’s the premise that has brought over 500 kids and parents to the Scottie Savers Birthday party held annually at the headquarters branch of OSU Federal, Your Community Credit Union.
OSU Federal, Your Community 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 OSU Federal, Your Community Credit Union.
Jim Gibson has been promoted to the position of Vice President for Branch Services with OSU Federal, Your Community Credit Union.
Craig Cole has accepted the position of Executive Vice President/Chief Information Officer with OSU Federal, Your Community Credit Union.
OSU Federal, Your Community 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 OSU Federal has made available are enrolled at Santiam Christian Schools and the high schools in Dallas, Eddyville, Falls City, Lebanon and Central in Independence.
You’re invited to our free shred days! Here are a few tips to help you get ready to shred.
According to Albany branch manager, Faylene, OSU Federal is a not-for-profit financial cooperative. We don’t focus on profits, we focus on our members. Everything we do is about our members.
Business Credit Analyst, Josh defines integrity as working hard, self discipline, being honest and doing what’s right. Everyone at OSU Federal shares in these values.
Director of Community Education, Anissa, explains that education is important at OSU Federal and when we see the results we know we’re doing the right thing.
To Accounting Specialist, Alma, cooperative spirit means working together to benefit the entire membership. It also means that a strong credit union consists of members cooperatively saving and borrowing.
Regional Branch Services Manager, Pete, believes employees at OSU Federal share a passion for service.
Listen to Lyndora Talyor, OSU Federal’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, OSU Federal’s Director of Real Estate Services, provides general guidance on how to prioritize your home improvement dreams.
Every day, OSU Federal 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.
Business Services member Jason Wallis, founder and president of Fitness Over 50, says “OSU Federal 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 OSU Federal and is now on track for a debt-free retirement with her husband.
The OSU Federal member newsletter, Homepage, is published three times a year and delivered right to your mailbox or inbox if you have estatements. Homepage is packed with member stories, announcements and other financial tips to help you save and borrow money wisely.
Start 2014 goal- and budget-smart with a financial tune-up at OSU Federal, providing affordable vehicle and all-purpose loans, credit cards and home loans. Make mobile deposits and more with the free Sprig app. Learn how you keep the U.S. credit structure in balance. K-12 education grants are available. Don’t miss the Jan. 31 TLT college scholarship deadline, Annual Business Meeting news, plus more. Details here.
Help preserve your credit union benefits, including money and financial choices. Let Congress know you don’t want your credit union taxed and that current tax laws should be upheld. Go to www.DontTaxMyCreditUnion.org for easy-to-use tools that will help you make your voice heard, see a video, and review recent information showing how credit unions work for you and benefit our economy. Also in this newsletter: OSU Federal community giving, paying for college the smart way, and a reminder to get your annual insurance checkup. Get details here.
From members, for members is an approach to financial services that benefits members in many ways, including member ownership of OSU Federal, a not-for-profit financial cooperative, enabling members to obtain loans and savings that help one another. Also in this newsletter: free online account access, better car deals with pre-approvals, ATM networks to use when you travel or move, and more. Get details here.
Good news for all you emailers
Get OSU Federal information in your email inbox
You’ll be informed and up to date with fast delivery of meaningful, timely information about your credit union. OSU Federal messages from e.osufederal.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 by clicking the link at the bottom of any 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.
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.
AVP Business Development and Public Relations
OSU Federal provides a comprehensive benefit package for eligible employees working 20 hours or more per week. Those benefits include the following:
- Medical/Vision (must meet minimum hours/week requirement), and dental
- Disability (long and short term), and life insurance
- Flexible spending account
- Employee assistance program
- Merit incentives
- Zero percent computer loans
- 401(k) retirement plan with an employer match and discretionary contribution
- Ongoing training
At OSU Federal, 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.
Apply today if you are:
- 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
You’re just an application way from applying for your new career. If you’re the right person for OSU Federal, we’ll let you know right away. Apply here.
The best way to get to know a potential employer is through its employees. Take a look at these videos that explain how employees live our values everyday.
If you like what you see and are interested in joining our team, click here to apply.
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.