Kent White Joins OEFCU as PresidentChief Executive Officer

July 2009 1-877-695-8321 In This Issue Kent White Joins OEFCU as President/Chief Executive Officer Insurance Coverage Extended You may have seen this face in the lobby recently. Kent White joined OEFCU May 26 as Oregon Employees Federal Credit Union’s new President and Chief Executive Officer. White brings with him more than 17 years of financial services experience in leadership, management and operations. He most recently served as Vice President of Marketing at Amplify Federal Credit Union ($502 million in assets), in Austin, Texas. White played a key role in developing and implementing strategic plans that generated continued asset growth, membership deposits and loan growth. For nine years, White served as vice president of marketing for Northwest Community Credit Union and five years as marketing director for Portland Teachers Credit Union (now OnPoint Community Credit Union). “I am very honored and excited to be given the opportunity to help lead the team at Oregon Employees FCU,” noted Kent. “We have challenges to meet and I also know we have tremendous opportunities. I aim to devote my very best efforts to helping us succeed together and to earn your continued trust. I look forward to meeting you in the branch and learning more about what OEFCU can do for you.” White holds a bachelor’s degree in communications from University of Washington and a master’s degree in business administration from University of Oregon. Please join us in welcoming White to the Oregon Employees Family and his return to Oregon. New Drive-Up Hours Scholarship Winners New Staff Members Low Rates Mean Great Deals when Buying or Refinancing a Home Rates won’t stay this low forever. We can help you… • Purchase a home or land • Refinance your home, to lower your interest rate or obtain cash • Establish a home equity line of credit that you can borrow against for up to seven years • Finance home improvements or pay off debt Tina Baguley is our senior mortgage loan officer with over 10 years lending experience. Tina has helped hundreds of members with their home loans and has the knowledge and expertise to help you. Ask staff about our newest home equity line of credit that gives you great borrowing flexibility, competitive rates, and a very affordable repayment plan with interest-only payments for up to seven years. When we say, “We can help you.”, we really mean it. Take advantage of our low interest rates today! Stop by the credit union or call us at 503-588-0211 (Salem) or 1-877-695-8321. We answer the phone in person! Support Our Communities Privacy Policy Creative Cooking 2009 Founders’ Scholarship Winners This past year, OEFCU members and staff helped raise over $2,500 from Entertainment Books Sales and personal donations in support of the Founders’ Scholarship Fund. In May, the Founders’ Scholarship Committee awarded two $1,000 scholarships to Faith Avery and Kirsten Fertig. Faith Avery Willamette University Major: English $250,000 Federal Deposit Insurance Coverage Extended The Helping Families Save Their Homes Act of 2009, signed into law on May 20, 2009, continued the increased level of insurance coverage of up to $250,000 on deposits through December 31, 2013. New Drive-Up Hours Due to low traffic in early mornings, we are changing our drive-up hours. Beginning July 6, 2009, the new drive-up hours are Monday – Thursday, 8:00 a.m. to 5:30 p.m. and Friday, 8:00 a.m. to 6:00 p.m. Kirsten Fertig George Fox University Major: Biology Let Us Know What You Think! Complete the member survey at www.oefcu.com. Welcome New Staff Members N St ff M Trivia Challenge In what year did Oregon pass legislation allowing for the formation of a credit union? Call Kirsten at 503-588-0211 or e-mail kconway@oefcu.com with the correct answer and your name will be entered into a quarterly drawing for a $100 Visa® gift card! Previous Trivia Question: How many credit unions are in the U.S. as of December 31, 2008? Answer: 7,965. Trivia Question winner was Mariah F. Jordan Lopez, Account Representative Blake Mcharo, Account Representative DeAndre’ Williams, Account Representative ? Holiday Closures The credit union will be closed for the following holidays: September 7 Labor Day October 12 Columbus Day Your Member Rewards Points Can Feed a Child Did you know as of January 31, 2009… • The average number of families per month served with an emergency food box is 6,578. That’s an average of 843 more families a month needing aid than last year at this time. • 49% of households receiving an emergency food box are households with children. Consider redeeming your Member Rewards points and making a charitable donation to the MarionPolk Food Share. Redeem Member Rewards points through Online Banking or by printing, completing and returning a Member Rewards Charitable Donation form available at www.oefcu.com. You can also redeem Member Rewards points and make a charitable donation to Family Building Blocks, Willamette Humane Society, American Cancer Society and the American Red Cross. Refer a Friend or Family Member and you both Receive $25 Did you know anyone who lives or works in Marion, Polk or Yamhill Counties can join OEFCU? Tell your friends and family about OEFCU and when they become a member, you both receive $25. Referral forms are available online at www.oefcu.com or in the lobby. Creative Cooking Baking & Salmon Loaf Serves 8 Ingredients • 2 – 16 ounce canned salmon • 2 eggs • 1-1/2 cups liquid (liquid from canned salmon and milk) • 3 cups coarse saltine cracker crumbs • 2 tablespoons lemon juice • ¼ cup finely chopped onion • ½ teaspoon salt • ½ teaspoon pepper Preparation Drain liquid from canned salmon into a 2 cup measuring cup. Place canned salmon in a large bowl. Remove any skin and bones. Mix in eggs. Add 1-1/2 cups liquid (liquid from canned salmon plus milk to make up 1-1/2 cups). Mix in cracker crumbs. Add lemon juice, chopped onions, salt, and pepper and mix well. Bake in large pie plate at 350 degrees for 60 minutes. Top should be light brown. OEFCU Privacy Policy Your information stays safe with us. Our Privacy Pledge At Oregon Employees Federal Credit Union, we respect the privacy of our members. We recognize the importance of maintaining the confidentiality of your personal financial information. This notice describes the privacy policy and practices followed by Oregon Employees Federal Credit Union. This notice also explains what types of member information we collect and under what circumstances we may share it. The Member Information We Collect The Credit Union collects only relevant information about members that is needed to establish and maintain your account and services as the law allows or requires us to collect. We may collect personal and financial information about you (member information) which is “nonpublic.” The member information we collect varies depending on the accounts and services you request and use. We collect information about you from the following sources: Application Information We retain personal information we receive from you on any application you provide for membership, deposit account EFT services, loans, or other Credit Union services. This information includes: name, address, social security number, birth date, phone number, employment and financial status, and credit history. Your Transactions Any time you make a transaction on one of your accounts, including ATM or card transactions, loan advances, transactions through Internet access service, over the phone, or at a branch, we retain the transaction information, including: your account number, the date, amount, location of the transaction, and other pertinent information. continued on back page OEFCU Privacy Policy (cont.) Credit Reports When we evaluate your application for an account or service, we may request a credit report about you from a consumer reporting agency. We retain the personal and credit history information about you and we may use it to evaluate future account service requests. Online We obtain information online when you visit our website, www.oefcu.com. This includes retaining information you provide us on any online application, Internet access service, transaction or information you send us by e-mail. Downtown Branch 631 Winter Street NE Salem, Oregon 97301 503-588-0211 1-877-695-8321 Contact us on the web: www.oefcu.com The Member Information We Share In order to provide financial services to you, we share certain information about you with our third party service providers. However, we only share information to the extent necessary to service your account or offer new services to you. If we share your information, it is with the goal of bringing you quality services, more choices, and greater convenience. Information we may have about former members is generally only shared or disclosed if necessary to enforce or administer an account or as required by law. Sharing Information with Third Party Service Providers In order for us to conduct our operation, including servicing your account or processing your transaction, we need to share information with our service providers, including: data processing companies, check, ATM and other payment processing companies, payment networks, loan service providers, insurance companies, collection agencies, credit reporting agencies, and financial service providers with whom we have joint marketing agreements. These service providers act on our behalf and have agreed in writing to keep the member information we provide to them confidential. We share the following categories of information to third party service providers depending on the specific services provided: • Personal information (name, address, and account number) • Account information (type of accounts, account balances, and transaction history) • Transaction information (dates, amounts, locations and types of transactions) We do not sell member information nor share your account numbers with independent third party marketers offering their products and services. While we may assist in offering financial products and services of our contracted financial service providers, we control the member information used to make such offers. Sharing Information as Legally Required or Permitted We may share any member information of yours in response to a lawful request issued by a court, government agency, or regulatory authority or as permitted by law in order to administer or enforce your account. We may also share our experience information about you with credit bureaus. Our reporting to credit bureaus is governed by the Fair Credit Reporting Act, which affords you the right to make sure that your credit bureau reports are accurate. Our Confidentiality and Security Safeguards We maintain strict policies and security controls to assure that member information in our computer systems and files is protected. Our employees are permitted access to member information that they may need to perform their jobs and to provide service to you. Our employees have access to such member information as necessary to conduct a transaction or respond to your inquiries. All employees are trained to respect member privacy. No one except our employees has regular access to the Credit Union computer system and records storage. The Credit Union has established internal security controls, including physical, electronic, and procedural safeguards to protect the information you provide us and the information we collect about you. We will continue to review our internal security controls to safeguard your member information as we employ new technology in the future. Our Online Privacy Protections At our website www.oefcu.com, you may apply for accounts and services and you may communicate with us via e-mail. To protect the information you provide us online we use multiple levels of security. The application information we accept online and our Internet access service relies on industry standard “Secure Sockets Layer” (SSL) encryption to secure your transaction information and communication. Generally, our e-mails are not secure. However, if we ask you to e-mail us information, other than your name, address, e-mail address and phone number, it will be obtained using a secure (SSL encryption) e-mail form. When you visit our website, you can access site information without revealing your personal identity. However, in order to help us identify you for future site visits, we use “cookies” to track your visit. A “cookie” is a piece of information that our web server stores on your computer hard drive and retrieves later. The cookie will not request, require or collect personal identity information and you remain anonymous. Your member information is not accessed by or stored within a cookie in any way. Protecting Children’s Information Privacy Our online financial services are not designed for or directed toward children. We do not knowingly solicit or collect data from children and we do not knowingly market to children online. We recognize that protecting children’s identities and online privacy is important and that responsibility rests with us and with parents. Privacy Policy Inquiries If you have any questions about our privacy practices, contact us by calling 503-588-0211, sending us an e-mail at creditunion@oefcu.com, or writing to us at: Oregon Employees Federal Credit Union, P.O. Box 2227, Salem, OR 97308. Lobby Hours 9:00 a.m. to 5:30 p.m. • Monday – Friday Phone Hours 8:30 a.m. to 5:30 p.m. • Monday – Friday Downtown Drive-up Hours 8:00 a.m. to 5:30 p.m. Monday thru Thursday 8:00 a.m. to 6:00 p.m. • Friday Shared Branching Network For Shared Branching locations, go to www.oefcu.com/branches or call 503-588-0211, 1-877-695-8321 Daytime Only Loan & Accounts • 503-588-0211 Toll Free 1-877-695-8321 24/7 Telephone Teller 503-588-5467 • 1-800-676-7742 24/7 Internet Banking www.oefcu.com Evenings & Weekends Visa® Credit Card (lost card) 1-800-991-4961 Visa® Check Card (lost card) 1-800-682-6075 Member Rewards 1-877-627-7937 The articles in this publication are for general information only and are not intended to provide specific advice or recommendations for any individual. We recommend that you consult your attorney, accountant, or financial advisor with regard to your individual situation.