From the CEO

by Phil Meyer

It's been an eventful first quarter of 2010 for OUCU; many exciting events  have already begun to take place.

   New Crewson Scholarship Fund

     One of our more exciting developments in the last few months has been the creation of the Harry B. Crewson Fund. Through this fund, members are now able to make charitable contributions to the Harry B. Crewson Scholarship that we award to three incoming Ohio University freshman (who are also OUCU members) each year. It's a wonderful opportunity to give locally while helping tomorrow's great minds.

Strength & Stability

     I have also received a few questions about OUCU's financial stability; given the current economy, such questions are no surprise.
     OUCU proudly maintains a strong capital ratio and good earnings; our most recent financials reflect this excellent news. Since January, our deposits have remained exceptional and our delinquency ratios have been low.
      Our mortgage department has continued to be one of the largest and most reputable lenders in the area as well.

Federally Insured Deposits

     Equally important, members can also take comfort in knowing that their credit union accounts are insured for up to $250,000 dollars through the National Credit Union Administration (NCUA), a U.S. government agency. OUCU has also purchased an additional $250,000 private insurance policy, providing your accounts with two dependable policies and guaranteeing your money's protection.
      Members can count on the trusted integrity and long-term focus that guides OUCU. We also continue to emphasize financial education and supply the tools our members need to solidify their future.

As we celebrate our 55th year, we remain honored to serve in a cooperative movement in which "people helping people" matters more than making a profit.

Phil