THE INTERSECTION BETWEEN
INNOVATION AND SUSTAINABILITY
OUR MISSION
OUR VISION
61st
OUR MISSION
OUR VISION
CHAIR'S MESSAGE
Chair, Board of Directors
Dear fellow members, friends and colleagues
We hope that each of you is doing well and staying in touch with your credit union! We are developing new products and services and are busy working on future projects for you! Your Board of Directors meets monthly, and its members are also active with our Volunteer Program committees where each director has the responsibility to chair a committee or be an active member of one.
ENHANCING OUR MEMBERS' FINANCIAL WELL-BEING
Our Loan Program During Challenging Times
Total Deposits
Total Assets
Total Loans
Total Loan to assets
Loan Disbursed
Shares: Competitive and diverse programs for the needs of our members
Dividends Paid to Members
Total Deposits
Total Shares
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'S MESSAGE
Dear members of OAS FCU:
When reporting on our Credit Union for 2023, I consider last year to be one of survival to challenges and change. During the first full year after the COVID pandemic, OAS FCU faced many situations and tests that had a strong effect, not just on us as a financial institution, but on all of us, its members.
Last year many of us saw a change in our workstyles. The slow return to in-office work has affected both the membership and our staff, and we continue to work actively with everyone to ensure that we are always available to assist you, in person, by phone, or digitally.
ADVANCING OUR MISSION: GLOBAL ACCESS BRANCH
Total Online Users
Domestic ACH and Wires
Online Transfers:
International ACH and Wires
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
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
Loan applications
Loan Portfolio
CREDIT COMMITTEE REPORT
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
Remote Deposits
Total number of applications and requests completed electronically via DocuSign
Environmental Savings using DocuSign
We’re thrilled with our Green Committee’s achievements and proudly celebrate our volunteers' graduation in 2023
OAS FCU planted 3,000 trees in the rainforest and honored online banking members with a tree in their name. This Earth Day, we joined the OAS and Anacostia Society for a neighborhood clean-up in southwest Washington, D.C., to prevent trash from entering the Anacostia River.
In November 2023, OAS FCU, in collaboration with UNFCU, hosted the annual United in Sustainability Summit at the OAS’s Hall of the Americas in Washington, D.C. The hybrid event, themed “Building Resiliency Through Sustainable Actions,” attracted over 300 participants.
The remodeling of the National Geographic branch has been completed, and the main office remodeling project has continued throughout 2023 to make our facilities more sustainable and environmentally friendly.
This year, the third cohort of the Volunteer Leadership Program has graduated. Designed to train future leaders in leadership and cooperation, the program included two study groups: one focused on domestic partnerships in the U.S. and the other on international partnerships.
ENERGY STAR
Certified Building 2023
outperforms 86% of similar
buildings nationwide
per square foot than
the national average
OAS FCU headquarters outperforms 86% of similar buildings nationwide. It also uses 43% less energy per square foot than the national average.
ENERGY STAR
Certified Building 2023
OAS FCU headquarters outperforms 86% of similar buildings nationwide. It also uses 43% less energy per square foot than the national average.
Special loan rates to finance green initiatives
Enhancing Financial Well-Being with Comprehensive Counseling and Education Services
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 Board of Directors of OAS FCU entrusts the Supervisory Committee with two critical duties: guaranteeing that management reports faithfully and clearly on the financial state of our Credit Union, and that the Credit Union’s policies, procedures, and practices protect the assets of the members.
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
Finding New Clients
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