What's New at Oregonians Credit Union

 

Oregonians CU is on Twitter & Facebook

Now you can join and connect with other members of the Oregonians CU community and keep up with what’s new at your credit union and in your community! We’ll share educational articles, community events, special offers and other news with our fans and followers. Join our online communities and stay up-to-date.

Facebook: www.facebook.com/OregoniansCU

Twitter: www.twitter.com/OregoniansCU

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Oregon City Concerts in the Park

For the 3rd consecutive year, Oregonians Credit Union proudly supports Oregon City’s Concerts in the Park series as a presenting sponsor.

Come enjoy the free concert series open to the general public, every Thursday from July 8th to August 26th, at the Carnegie Center. Food service starts at 5:30pm. Stay for the musical entertainment to follow from 6:30-8:30pm.

 

Our 2010 Scholarship Winners have been selected

Oregonians Credit Union was pleased to offer a scholarship program this year. All OFCU members who are entering or attending college could apply for one of five $750 scholarships. Applicants of the 2010 Oregonians Credit Union Scholarship program were asked to write an essay on one of two topics:

• What have you learned about saving and finances in high school that you can apply to your future as a college student?

• Explain a time you found yourself in a financial crunch and discuss how you were able to overcome the situation.

Due to the large quantity of well written and creative essays we received, the scholarship panel had an extremely difficult time narrowing down the essays to our five finalists. We are proud to be presenting our scholarships to these deserving students:

Garson Pliska

Shane' Gill

University of Oregon

George Fox University

Erik Jensen

Keith Baldwin

Portland State University

Portland Community College

Congratulations to our winners!

Thanks go out to all of our members that applied. We encourage you to apply for future scholarship offers through OFCU.  

Alex Wagnon

Canby High School

 

 

 

CROOKED RIVER ROUNDUP ANNOUNCES OFCU AS PRESENTING SPONSOR FOR THE RODEO IN 2010

Prineville OR –Crooked River Roundup Board of Directors would like to welcome Oregonians Credit Union as the new Presenting sponsor of this year’s Crooked River Roundup Rodeo.  They join longtime sponsor Les Schwab Tires Stores, as the rodeo’s biggest sponsor.

“We are excited to welcome Oregonians Credit Union into our rodeo family” Said Bryan Iverson, Vice President of the Board and sponsor chair. “During a difficult time in our economy, we are seeing a strong commitment to the signature event in Crook County making sure we are able to put on a top notch rodeo for the community.”

Oregonians Credit Union is excited about the opportunity to be a large part of the Crooked River Roundup. “Rodeo is part of the culture in Crook County and we are ecstatic to sponsor the signature event in Crook County” said CEO Chuck Garner.

There are many other ways to sponsor the Crooked River Roundup, if you would like more information on how to sponsor please contact Bryan Iverson at 541-447-8030.

About Crooked River Roundup

Celebrating 65 years in 2010, the Crooked River Roundup PRCA Rodeo and Horse Races is family fun entertainment. Crooked River Roundup is comprised of almost 20 board members and hundreds of volunteers that help put on the events of the Crooked River Roundup. Starting with the PRCA rodeo June 25-27th, locals and tourists have the ability to see top notch rodeo talent in a fun family environment. Pari-mutuel Horse Racing takes the stage July 14-17th with nightly racing and wagering. While providing great entertainment, the Crooked River Roundup is the largest economic event driver in Crook County. 

www.crookedriverroundup.com

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Credit Unions in the News

Credit Unions have been getting a lot of positive press in the national media recently.

New York Times "Credit Unions Begin to Promote Their Strengths

Wall Street Journal "Credit Unions: A Better Bet Than Banks?"

Wall Street Journal "Credit UnionsFight Cap Law"

MSNBC "Credit Unions Pick Up Steam"

Consumer Reports "When to Bail on Your Bank"

CNN.com "Tired of Credit Card Gotchas?"

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Overdraft Rules for Debit Cards are Changing July 1st

Due to recent regulatory changes affecting how checking account overdrafts are managed, there will be changes in what types of transactions can be allowed to overdraft your account.

An overdraft occurs when there is not enough money in an account to cover a transaction, but Oregonians Credit Union allows the transaction to be paid. As of July 1, 2010 we will no longer pay overdrafts resulting from ATM or debit card transactions1. If OFCU does not pay an overdraft, the transaction will be declined at an ATM or at the checkout at a merchant.

We may authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

According to our standard overdraft practices OFCU will charge a $20 fee for each overdraft with a maximum of $40 per day. You do receive 3 free overdraft transfers per month if you have sufficient funds in your savings account to cover the transaction2.  Understand that frequent or continued overdrafts regardless of reason may result in account closure3.

We suggest that you protect your checking account with an Overdraft Line of Credit. An Overdraft Line of Credit is attached to your checking account. When funds are not available in your checking account to cover any type of transaction, the Overdraft LOC will automatically advance funds to your checking account to cover the amount overdrawn. The interest you pay on the Overdraft Line of Credit is significantly less than overdraft fees. Click here to learn more about Overdraft Lines of Credit.

If you have any questions about your overdraft options please call us at 503.239.5336 or 800.982.2974.

1Some merchants are able to ‘force’ transactions to clear thus overdrawing accounts.  They are able to do this for some low dollar transactions (Starbucks, Taco Bell and other fast food chains).  Some merchants have what is called ‘floor limits’ where they have been granted automatic approvals up to $100 by the Visa network, regardless of account balance. 2Saving on a regular basis is a great way to avoid checking account problems due to overdraft issues. Few institutions offer as many free automatic transfers as OFCU, if any at all. 3The common reasons for overdrawing accounts are failure to track each deposit and withdrawal, thus knowing the account balance at all times OR relying on the account balance shown at ATMs and other machines.  These balances are not always up to the minute because you can make purchases and withdrawals that are pending and take time to clear your account.