News and Updates

Protect Your Credit Union – Stand Up Against Big Bank Lobbyists!

Powerful bank lobbyists in Washington, D.C. are working to eliminate the tax-exempt status of credit unions, putting affordable financial services at risk for millions of Americans. Unlike big banks, credit unions operate as not-for-profit cooperatives, dedicated to serving members—not generating profits for shareholders.

If this exemption is removed, the impact will be significant:

❌ Higher Loan Rates – Borrowing could become more expensive for families and small businesses.
❌ Lower Savings Returns – Members may see reduced earnings on their savings accounts.
❌ Increased Fees – Credit unions may be forced to introduce or raise fees, making banking more costly.

Now is the time to stand up and protect the credit union difference!

Why Credit Unions Are Tax-Exempt

At Oahe Federal Credit Union, we exist to serve our members—not to generate profits for shareholders. Credit unions were founded to provide fair and accessible financial services to everyday people, especially those who may not have access to traditional banking.

Our tax-exempt status allows us to reinvest earnings directly into our members and communities through:

✅ Better Interest Rates – Higher rates on savings, lower rates on loans—our profits go back to you.
✅ Lower Fees – As a not-for-profit, we don’t need to maximize profits, which means fewer and lower fees.
✅ Community Investment – We support local initiatives, financial education, small businesses, and underserved communities, helping to build a stronger local economy.

This structure ensures that profits stay within the community, fostering financial well-being and economic growth—rather than benefiting Wall Street investors.

Why Now? Congress Needs to Hear From Us!

Right now, big bank lobbyists are working hard to strip credit unions of their tax exemption, putting the benefits we provide at risk. Oahe FCU is standing with America’s Credit Unions to fight back, but we need your help!

📢 Make your voice heard! Contact your legislators through the Grassroots Action Center—it’s quick and easy to send a pre-written or customized email directly to lawmakers.

👉 TAKE ACTION NOW by clicking the button below.

Your support matters. Whether you’re a member, an employee, or a community advocate, protecting the credit union tax exemption ensures we can continue serving Main Street—not Wall Street.

Let’s stand together to keep credit unions not-for-profit and member-first!

Take Action NOW

2024 New Letter

International Credit Union Day 2024

International Credit Union Day, celebrated globally on the third Thursday of October each year, falls on October 17th this year. This special day serves as a moment for credit unions and the communities they serve to reflect on the credit union movement, highlight their achievements, and share the positive impact they have on their members. Credit unions are comprehensive financial institutions that offer the same array of products, services, and benefits as other financial institutions. However, what sets credit unions apart is that they operate as not-for-profit financial cooperatives, owned and managed for the benefit of their members rather than for investors. These cooperatives consist of organized groups of individuals who share a common bond, which could be related to their employer, community, faith-based organization, school, or military affiliation, among other connections. We are privileged to be part of this esteemed tradition and cordially invite you, our valued members, to join us on October 17th from 11:00 a.m. to 2:00 p.m. at our credit union office, where lunch will be served. Throughout the week, you are welcome to drop by and register for door prizes. In conjunction with International Credit Union Day, we will also be hosting our Annual Business Meeting at 5:00 p.m. There are two positions available on the Board of Directors, each with a three-year term. You will have the opportunity to vote for two candidates to fill these open board positions during the week leading up to the annual meeting. We eagerly look forward to your participation and hope you will join us in celebrating this remarkable occasion!

Plan Ahead With Confidence

We’re excited to share that Oahe Federal Credit Union members now have access to exclusive savings on estate planning through our partnership with Trust & Will and Love My Credit Union Rewards. As part of our commitment to your financial wellness, you can now get 20% off any estate plan from Trust & Will, the leading Estate Planning platform. With Trust & Will, you can create legally binding documents customized to your needs through a convenient, easy-to-use online platform. Their best-in-class support ensures you have the help you need, and the entire process can be completed in as little as 30 minutes! Wills start at just $159 with your member discount. Don’t miss out on this opportunity to secure your future with peace of mind. Take advantage of this exclusive offer today and plan ahead with confidence.

Our Holiday Products Are Here!

Christmas Loan

Christmas is right around the corner, if you find you are short on cash apply for a Christmas Loan. You can apply online or stop in the lobby and fill out a loan application.

Holiday Skip-A-Payment

If you already have a loan with Oahe Federal Credit Union, you don’t have to apply for a new loan in order to get some extra holiday cash. Sign up for our Holiday Skip-A-Payment program instead and skip one month’s payment in October, November, or December – on your qualifying credit union loan(s). Then take the money that would have been your loan payment and use it for any season expense! There is a modest fee of $30.00 per loan to take advantage of this service and $10.00 of that will be donated to a local charity. If you make your loan payments automatically by payroll deduction, ACH or direct deposit, your payments will be deposited into your share savings account. Interest will continue to accumulate on your loan during the month you skip your payment. So for a special gift, a holiday trip or whatever your holiday plans will be, Oahe Federal Credit Union’s Holiday Skip-A-Payment program can help you finance them. Apply for one at oahefcu.coop.

Important: Online Security Information

Oahe Federal Credit Union wants to ensure the online protection of your personal and account information.

Please note...Oahe Federal Credit Union will not ask you to submit personal or account information via email. For your protection, any email sent from the credit union, including member service emails or email alerts, will be for your information only.

If you ever receive an email appearing to be from the credit union that asks for your personal information such as your account number or your social security number, DO NOT respond to the email. Please notify us immediately at (888)548-6264 or (605)224-6264.

The number one rule...DO NOT RESPOND!! Call or contact us and let us know of the unusual email.

Insurance Designed for credit union members like you.

TruStage® Insurance Products and programs are designed for credit union members. You deserve competitive rates, helpful guidance, and simple, straightforward insurance brought to you by your credit union. We can help you get coverage that fits your needs and your budget. It’s all part of smart planning and helping to protect what matters most.

Call us and we’ll help you understand your options so you can choose the right coverage for you and your family.

Life & Accidental Death & Dismemberment 1.855.612.7909

Auto & Home 1.888.380.9287

Visit us at TruStage.com TruStage® Life Insurance is made available through TruStage Insurance Agency, LLC and issued by CMFG Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union. Product and features may vary and not be available in all states.