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OSU Federal to change charter and name to Oregon State Credit Union January 1

Monday, December 29, 2014   (0 Comments)
Posted by: Elizabeth Peters
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Through a decisive November vote of its membership and approval from the National Credit Union Association (NCUA) and the State of Oregon, OSU Federal Credit Union is moving from its previous federal charter to a state of Oregon charter effective January 1, 2015. The new, streamlined name of Oregon State Credit Union retains much of its previous 60-year heritage and identity.

President and Chief Executive Officer Richard Hein said, “The opportunity to move to a state charter enables us to better serve our membership and requires us to eliminate the word ‘federal’ from our name. This new name respects our history and best represents our future. We are united in helping more than 80,000 members and their families build stronger futures, while maintaining our role as a community leader throughout our service area.”

Existing members will see no impact as all current accounts, whether deposits or loans, will not change. As before, deposits will remain federally insured by the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000 per account. All branch locations will remain open with the same experienced staff. The new name and logo will be transitioned throughout the next few months in the credit union’s signage, website, checks, debit and credit cards and other materials.

Hein added, “Our purpose is to be here to serve our member-owners. This strategic move ensures that the credit union will be a sustaining resource to its member-owners for years to come.”

As a state-chartered financial cooperative, Oregon State Credit Union’s full selection of financial services will be available to anyone who lives or works in 24 western and central Oregon counties.


Mike Corwin
Asst. Vice President-Public Relations and Business Development
PO Box 306, Corvallis, Oregon 97339
541-714-4286, 541-714-4182 (fax), 541-760-6132 (cell)

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