OE Federal Gives Back
In more than just one way
OE Federal Credit Union believes in giving back! Our focus is not only to provide affordable products and services, but to also support our union family and the local communities in the areas where we all live, work, and play. To OE Federal, building lasting relationships and supporting our union brothers and sisters with resources and financial support is what makes our OE Federal family strong!
OE Federal provides resources to our members and local communities in various forms, such as sponsoring events, supporting and donating to charities, volunteering at events, member education, assistance in saving for retirement, and giving back to our members with our dividend programs.
Below you’ll see what we’ve been up to throughout the year. Thank you for being part of our union family and helping to make these programs successful.
On April 12, 2015, OE Federal Credit Union took part in the fourth annual Credit Union SACTOWN10 which features 10 and 5-mile race distances in Sacramento, California. More than 1,400 runners, including 670 from credit unions and 33 from OE Federal Credit Union, along with 157 credit union volunteers participated in the April 12 race. This year is one for the books. A whopping $195,000 was raised for Children's Miracle Network Hospitals (CMN) in California and Nevada—$35,000 more than 2014! In conjunction with the Credit Union Miracle Day Family of Races, more than $525,000 was raised for CMN nationwide.
OE Federal was proud to take part in this wonderful event. Thank you to the runners, spectators, and event staff who made the SACTOWN Ten-Mile Run possible. We look forward to next year’s event.
Union Visa Rebate Program – March 2015
OE Federal Credit Union believes in giving back to our union brothers and sisters, as well as local communities. That’s why we developed our Union Visa Rebate Program. When members use their OE Federal Visa STEEL Cards, 1% of the total annual interest paid is donated by the credit union to the preferred charity of their Local Union.
For 2014, we proudly helped donate over $46,700 to different Local Union charities.
Auto Bonus Deposit – January 2015
OE Federal Credit Union created its Bonus Deposit Program to thank members for financing or refinancing an Auto Loan. Through this program, members receive a special $100 Bonus Deposit that is deposited directly into their primary account within 60 days of loan funding.
In 2014, we gave each member who financed or refinanced an Auto Loan with OE Federal $100, totaling over $323,000.
OE Federal's Bonus Deposit Program is ongoing, so if you’re interested in financing or refinancing and Auto Loan with us, call 800.877.444 or apply online by clicking here.
In 2011, OE Federal Credit Union implemented a Loyalty Dividend Program that pays 1% of the total interest paid back to its members who have a loan with the credit union.
What does this mean? OE Federal pays you back just for a having an auto loan, home loan, or Visa STEEL Credit Card! In 2014, through this program, we paid over $189,000 back to our members.
*Important Tax Notice: The Loyalty Dividend will be treated as taxable income and will be reported to federal and state tax agencies as required. Please consult with a tax professional if you have questions concerning the tax implications of this dividend payment.
Member Appreciation Days – 2014
Throughout the year in 2014, OE Federal Credit Union celebrated its 50th anniversary with our Member Appreciation Days where branch offices served drinks and light snacks for members.
Onsite Luncheon – Warm Springs BART Extension – November 2014
On November 14, 2014 at the Warm Springs Bart Extension, OE Federal Credit Union provided a BBQ luncheon to approximately 300 union workers of all trades. These hardworking union brothers and sisters are helping add 5.4 miles of new tracks from the existing Fremont Bart station to a new station in the Warm Springs District in Fremont, CA.
Again, the credit union would like to thank Kiewit for their assistance in coordinating the event and allowing the credit union to be onsite.
Onsite Luncheon – Syar Quarries in Napa and Vallejo – October & November 2014
On October 29, 2014, OE Federal Credit Union provided lunch to approximately 50 union workers at the Syar Rock Quarry in Napa, CA. Also, on November 21, 2014, the credit union provided lunch to approximately 100 union workers at the Syar Rock Quarry in Vallejo, CA. These union brothers and sisters work hard to provide construction grade rock products.
OE Federal would like to thank Syar Industries for allowing the credit union to show its gratitude to our union family for all that they do, now and in the future.
Xpress Data, Inc. Credit Union Chili Challenge – August 2014
On August 2, 2014, OE Federal Credit Union competed in the Xpress Data, Inc. (XDI) Credit Union Chili Challenge located in Del Mar, California. Team, OE Chili Bytes, represented the credit union and consisted of Albert Leung, Russell Angeles, and Ed Hayes of OE Federal’s IT Networks Department.
The competition in Del Mar was tough, but the OE Chili Bytes stood out with their sweet and spicy style chili placing 3rd out of 10. For their 3rd place finish, OE Federal Credit Union won a cash prize of $1,500 benefiting the American Cancer Society.
Again, congratulations to OE Federal’s OE Chili Bytes on their outstanding 3rd place finish and the donation to the American Cancer Society. OE Federal Credit Union can’t wait to compete next year!
Onsite Lunch – Folsom Dam – July 2014
On July 30, 2014, OE Federal Credit Union provided lunch to approximately 300 workers at the Folsom Dam jobsite in Folsom, California. Ron Poff, SVP said, “we’re glad we can provide lunch to all the hard working union brothers and sisters; this is just another way we try to show our appreciation to our members.” The credit union would like to thank Operating Engineers Local #3 and Kiewit for their assistance in coordinating this event.
Relay for Life – June 2014
OE Federal Credit Union has been a part of Relay for Life, Livermore, for the past six years, sponsoring our Hard Hats Against Cancer team. The volunteer event is a 24-hour celebration of life to raise money and awareness for the American Cancer Society.
For 2014, Hard Hats Against Cancer set out to raise $10,000 for the American Cancer Society through events, raffles, and the ongoing support of our OE Federal members and employees.
On June 21-22 at Livermore High School in Livermore, California, Hard Hats Against Cancer members camped overnight and took turns walking a track in support of cancer prevention, its survivors, and those we have lost. After this weekend event, Hard Hats Against Cancer is proud to have raised over $12,000 surpassing their goal.
If you would like to join our team, contact us at HHAC@oefcu.org. Or, if you would like more information about Relay for Life or to donate online, visit our Hard Hats Against Cancer Team Page by clicking here.
Onsite Lunch – San Clemente Dam – June 2014
On June 5, 2014, OE Federal Credit Union visited the San Clemente Dam jobsite in Carmel, California where we provided lunch to approximately 100 union workers. “This day couldn’t be more perfect. The weather is great and it’s an honor to be able to provide lunch to hard working members,” said Ron Poff, SVP of Marketing, “This is just one more way we want to thank our members and show our appreciation to them, after all, we’re all union brothers and sisters.”
This event couldn’t have happened without the help of Operating Engineers Local #3 and Granite Construction. Thank you to both of these organizations for allowing us to be onsite.
Open House – May 2014
We celebrated our 50th anniversary at our Open House on May 10, 2014 with over 200 members. Our Open House featured delicious food, music, tours of our building, an employee chili cook-off, and a time capsule ceremony that honored our members.