News & Events


Holiday Closures:
Labor Day
Monday, September 3rd

Upcoming Events:

 


Mobile Deposit Endorsement Requirement

Mobile EndorsementEffective July 1, 2018, all mobile check deposits will be required to have a restrictive endorsement. You are required to include all of the following in your endorsement:

  • Your signature
  • The words "For Mobile Deposit Only"
  • Oregonians Credit Union
  • Your account number

The endorsement restriction is being implemented by financial institutions due to a change in regulations. This regulation update was made in order to limit the instances of duplicate check presentments involving mobile deposit.

Before making your mobile check deposit, be sure that your endorsement is complete. If your endorsement does not follow the example, your deposit will be rejected you will receive a rejection email.


CEO Transition Announcement

After 37 years with OCU Chuck Garner, CEO retired on May 1st. Sam Launius has been named the new CEO.

CEO Transition

When Oregonians Credit Union was formed in 2005, the 3 CEOs of the merged credit unions were retained by the OCU Board.  The plan was to have an enviable management succession plan covering the future.

The first CEO after the merger was Mike Cline who was the CEO of the former Oregon Central Credit Union. Chuck Garner, the CEO of the former Oregonian Federal Credit Union succeeded Mike in early 2008.  Chuck had served as the CEO of Oregonian FCU since 1981.  Prior experience included two other credit unions and he served as a branch manager for a national consumer finance company for almost 7 years before joining credit unions.  Chuck’s total years in consumer finance was just shy of 45 years!

Before the formation of OCU, Sam Launius was the CEO of the former Mountain View Federal Credit Union, a position he held for more than 12 years. Since the merger over 12 years ago Sam has served as VP of Operations where he was instrumental in helping to make the merger a success, and since 2008, the position of EVP.  He has accumulated over 30 years in financial service positions.

Chuck Garner summed up Sam’s career: “Sam is well positioned to be Oregonians’ CEO.  He has served in many capacities during his career both here at OCU and in past positions.  He is well aware of OCU’s Board plans and goals for serving the membership, volunteers and staff and the issues that face the industry, and has proven he is capable to take the next step.”

We thank Chuck for his leadership over the years and wish him the best in retirement!


Board of Directors Results

Oregonians CU held its Annual Meeting on March 7th at the Milwaukie headquarters. It was announced that the following members were elected to the board.

  • Paul Dawson (3 year term)
  • Jim McBride (3 year term)
  • Brian Miller (1 year term)

Equifax Data Breach Information

As you may know, Equifax was recently impacted by a cyber-security attack. We are committed to providing you as much information as possible to help inform and protect our members.

The Equifax data breach initially occurred from mid-May through July 2017, when hackers accessed a large amount of data. Data impacted includes names, Social Security numbers, birth dates, addresses, and driver’s license numbers for about 143 million Americans. In addition to this personal information, it is estimated that 209,000 credit card numbers were also accessed by these hackers. To see if your information is potentially impacted, please visit the Equifax Cyber-security website.

Breach Steps

General Good Practices 

  • Review your credit score annually, at no cost, and without impact to your credit score https://www.annualcreditreport.com
  • Monitor your active accounts with your existing financial institutions for fraudulent activity, such as new loans.
  • Educate yourself about current threats to consumers. The FTC's website and FAQs can be very helpful: https://www.consumer.ftc.gov
  • Practice good online habits by learning good password hygiene, how to verify websites, and how to ensure secure connections while using websites.
  • Stay aware! Scammers often use breaking news stories, such as this, as opportunities to scam individuals even further. Verify phone calls and watch out for phishing emails.

Online Banking Security Update

It is our ongoing priority to ensure your personal information is protected. For your continued security, on 7/10/16, we implemented enhanced password protections for Online Banking.

As a reminder, experts recommend that you periodically change the passwords you use to access websites as a precaution. You will now be required to update your password on at least an annual basis going forward.

We encourage you to make sure your password complies with the information below to ensure uninterrupted access to your account.

New Password Complexity:

  • Between 8-32 characters.
  • Must contain at least one upper-case letter.
  • Must contain at least one lower-case letter.
  • Must contain at least one number or special character
    • Special characters include ! # $ _ -

 

Password CANNOT contain:

  • These special characters @ . * +
  • Cannot contain your first or last name
  • Cannot match the Login ID or contain the Login ID within
  • Cannot contain the word “password”

For more information on how to be secure, visit our Online Security Resources and Fraud Education pages.