Company Profile
Oregon State Credit Union
Company Overview
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.
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
Company 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.
Notable Accomplishments / Recognition
Contributed over $135,000 back into the community including 149 schools, charities and non-profit organizations.
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.
Benefits
• A positive atmosphere
• Incentive bonuses
• 100% credit union paid employee coverage for medical, vision, dental, life and disability insurance; family member coverage also available
• Health and dependent care Flexible Spending Plan
• Premier membership perks, loan discounts, company clothing, wellness and recognition programs
• 401k Plan with an amazingly generous credit union match ($1 for $1 for first 5% PLUS additional 10%!