6O YEARS AGO
OUR BEGINNINGS
Guided by the very same mission of serving the global financial needs of our members, after 60 years of service, we are proud to be strong and your financial partner for life. We will continue to invest our resources to deliver outstanding service and benefits so that our members can continue to build an even stronger future.
Our Mission
To deliver the best member experience by combining our distinctive personalized services with relevant technologies.
Our Vision
To provide tailor-made global financial solutions while cultivating a trusted partnership for life.
Our Values
Communication - Culture - Performance - Service - Stability - Team
OUR GUIDING PRINCIPLES
7 principles of a credit union
⦁ Credit unions are owned by members.
⦁ Credit unions are not-for-profit.
⦁ Credit unions are democratic.
⦁ Almost anyone can join a credit union.
⦁ Credit unions are committed to education and training.
⦁ Credit unions are cooperative.
⦁ Credit unions are socially responsible.
CHAIR MESSAGE
Chair, Board of Directors
Dear fellow members, friends and colleagues
A warm hello as we continue our year-long celebration of our 60th birthday! We are, similar to others around the world, still dealing with post-covid transitions as we continue to provide our valued services. As we adapt, so do our systems and procedures, and we are constantly developing new ways to deliver to you, our members, the best services and products, keeping our finances in good standing all the while.
SERVICE: INNOVATIONS, UPDATES & OTHER INITIATIVES
Loans to Members: Below-market rates and a wide range of lending programs
Loan Portfolio Increased by
Loan Disbursed
Shares: Competitive and diverse programs for the needs of our members
Dividends Paid to Members
Total Deposits
Total Shares
OAS
CAF
IICA
NatGeo
IACHR
Others
OAS
$66M
CAF
$36M
IICA
$9M
NatGeo
$7M
IACHR
$4M
Others
$8M
Kick-off Project
New and improved Credit Cards including contactless technology, 0% interest rate on purchases for 12 months, no international transaction fees, no annual fee.*
*Members who have an OAS FCU Visa Platinum card, will see their $65 annual fee waived until April 24, 2024. We will also waive the first annual fee for any Platinum credit card opened between April 15, 2023 and September 30, 2023.
Because the members that cannot reach us in person are just as important for us as those who do, we are opening a new “office” that will serve members by phone, email, video and other new means that we’ll be unveiling soon!
– Branch at National Geographic: New space assigned at the remodeled National Geographic Building, currently under construction.
– OAS FCU Branch: Planning and construction started to remodel our main branch and make it more sustainable and environmentally friendly.
New and easy-to-use platform to apply for membership. It includes a streamlined process and initial deposit options using a debit card from any country, or ACH from a US-based financial institution.
Lunched Product and Tools
CEO MESSAGE
President and CEO
Dear members
OAS FCU’s 60th year of existence was one of mixed news all around. As inflation soared, the economy took some tumbles: the Federal Reserve increased rates as an inflationary control measure, and so did we. This has resulted in higher deposit rates –a welcome change to earn dividends in still uncertain times when many are weary of investing in riskier prospects. However, it also means that some of our variable loan rates went up. Fluctuating rates make for a delicate balancing act, and we want you to know that we take very seriously the economic well-being of every single member. We will do our utmost to ensure that we maintain and ensure your ability to handle rate changes while safeguarding the Credit Union’s financial soundness.
FINANCIAL STABILITY: AN INSTITUTION LIKE NO OTHER
Total Assets
Return on Assets
Total Loans grew
Total Deposits reached
Loan to Assets Ratio
Net worth ratio
Average growth per year, in the last 3 years
Like banks, deposits in credit unions are federally insured by NCUA's Share Insurance Fund for up to $250,000 per individual depositor. Also, know that credit union regulators require higher capital reserves than those required for banks –a requirement that reduces liquidity concerns.
As a cooperative, we are accountable to our 8,622 members rather than to unknown stockholders. We use our revenue to benefit you by offering market-leading products that are safe and support our stability, making us much less likely to falter during major market fluctuations or regulatory changes in the industry.
Our priorities are aligned with those of our members. This is why we take a conservative approach to managing our members' deposits. We choose a lower-risk investment strategy and do not engage in risky practices to meet stockholders' profit demands. Instead, our portfolio is diverse and not dependent on a sole industry.
Total Assets grew to
Total Assets Increased by
Total Shares reached
Return on Assets
Net worth ratio
Other financials
A safe and secure institution that members can trust.
Like banks, deposits in credit unions are federally insured by NCUA's Share Insurance Fund for up to $250,000 per individual depositor. Also, know that credit union regulators require higher capital reserves than those required for banks –a requirement that reduces liquidity concerns.
A not-for-profit member-owned cooperative.
As a cooperative, we are accountable to our 8,622 members rather than to unknown stockholders. We use our revenue to benefit you by offering market-leading products that are safe and support our stability, making us much less likely to falter during major market fluctuations or regulatory changes in the industry.
A diverse, healthy balance sheet.
Our priorities are aligned with those of our members. This is why we take a conservative approach to managing our members' deposits. We choose a lower-risk investment strategy and do not engage in risky practices to meet stockholders' profit demands. Instead, our portfolio is diverse and not dependent on a sole industry.
Loans
Loan Portfolio Growth
CREDIT COMMITTEE REPORT
CARE: ADDING SUSTAINABILITY TO OUR STRATEGIES
We have always cared for our members, the communities we serve, and the staff and volunteers that help us provide it. We have added our planet to the list of those we serve and care for, and from now on we will help protect it, and hope we set an example for others.
Total Online Users
Domestic ACH and Wires
Online Transfers:
International ACH and Wires
We have always cared for our members, the communities we serve, and the staff and volunteers that help us provide it. We have added our planet to the list of those we serve and care for, and from now on we will help protect it, and hope we set an example for others.
Total Online Users
Domestic ACH and Wires
Online Transfers
International ACH and Wires
Debit Card transactions
Total number of paper applications and form requests received
Remote Deposits
Total number of applications and requests completed electronically via DocuSign
Organization of American States, OAS
Development Bank of Latin America, CAF
National Geographic
IICA
Others
AGE DISTRIBUTION
Silent (Ages 74-91)
Boomers (Ages 55-70)
Generation X (Ages 39-54)
Millenials (Ages 23-38)
Generation Z (Ages 7-22)
IICA $8,993,130
NatGeo $6,793,549
OAS $65,729,568
Members Living in the US
Remote deposits
Members Living abroad
Debit Card transactions
Online Banking users
Total logins
CAF $36,379,530
CUE $1,312,067
IACHR $4,286,745
IICA $8,993,130
NatGeo $6,793,549
OAS $65,729,568
CAF $36,379,530
CUE $1,312,067
IACHR $4,286,745
Loans
Loan Portfolio Growth
CREDIT COMMITTEE REPORT
STRONGER NUMBERS
Total Shares
$269,634,084
Total Loans
$159,028,429
Net Worth Ratio: 7.53%
Total Assets
$291,962,032
Luis Raul Betances
Fernando Chaves
Charles U. Edwards.
Guided by the very same mission of serving the global financial needs of our members, after 60 years of service, we are proud to be strong and your financial partner for life. We will continue to invest our resources to deliver outstanding service and benefits so that our members can continue to build an even stronger future.
SUPERVISORY COMMITTEE REPORT
The Committee is mandated by the Federal Credit Union Act to oversee all activities for the membership. In this context, it inspects the Credit Union’s records for accuracy, its assets for availability, security, and integrity, and for the proper handling and use of funds, and internal controls compliance. It makes certain that annual audits are conducted, that their findings are submitted to the Board of Directors, and that appropriate changes are implemented. The Committee also watches members’ accounts verifications, responds to their complaints and coordinates with management orientation sessions on different issues such as identity theft, fraud, etc.
STRONGER IMPACT
Members
Consumer Loans
Share Accounts
Mortgages & other loans
Club accounts & Share Certificates
Loans Disbursed
Draft Checking accounts
Organizations in our Field of Membership
Titanium Award Recipient
2nd highest award recognizing our outstanding home loan production of over $35 million in 2021.
4th United in Sustainability Summit Co-Hosts
Reached more than 116 credit unions and organizations.
FOUNDING MEMBERS
We want to thank the following individuals who got OAS FCU started and made it possible for all of us to be here today. Sixty years later we’re proud to continue working on our founders’ mission: To deliver the best member experience by combining our distinctive personalized services with relevant technologies. And thank you, our members, for 60 years of trust in their vision, and the work we do.
Luis Raul Betances
Fernando Chaves
Charles U. Edwards.
Philip F. Gallagher
Clarence R. Jauchem
Charles P. Miller.
C.A. Orantes
Felipe Orellana
R.G. Sanchez.
Leon K. Smith
Luis Solorzano
Mario Yuri.
MEMORIES AND MILESTONES
OUR GREAT TEAM
Board of Directors & Committee Volunteers
.
Management, Team & Staff
.OUR GREAT TEAM
Matt Connors
Lead Dev
Christy Walkins
CSS Guru
Brent Matthews
Project Cordinator
Trisha Johnson
Design ExpertLATEST NEWS
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