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Message From Oregon State Credit Union
Welcome to Oregon State Credit Union, a state-chartered credit union. Since 1954 the credit union has been a member-owned, not-for-profit financial services 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 story begins in 1954 with a shoebox and $25. 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. Through careful management, our credit union grew in capital strength, services and membership.
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