An Introduction to Your Credit Union OPPFFCU 2018 Omega Psi Phi - PowerPoint PPT Presentation

Omega Psi Phi Fraternity Federal Credit Union (OPPFFCU) An Introduction to Your Credit Union OPPFFCU 2018

Omega Psi Phi Fraternity Federal Credit Union Board of Directors Norris C. Middleton – President Curtis A. Baylor – 1st Vice President Michael A. Seals – 2nd Vice President; and Chairman, Investment and Marketing Committees Kenneth M. Younger – Secretary; and Chairman, Asset Liability Committee Derrick A. Lowery – Treasurer Marion L. Barnwell – Chairman, Supervisory Committee Joseph Briggs – Chairman, Credit Committee Ted Greer – Chairman, Time and Place Committee Stafford L. Thompson, Sr . – Chairman, Collections Committee Renard H. Marable – Compliance Officer Nathaniel Grace – Chairman, Marketing Committee Kenneth Terrell – Member; Walter Watkins – Member; James Jordan – Member; Antonio F. Knox, Sr. – Honorary Member, Grand Basileus, Omega Psi Phi Fraternity, Inc. Kermitt N. Waddell – Counselor James A. Elam – Board President, Emeritus (Deceased) 2

Omega Psi Phi Fraternity Federal Credit Union Background  Parent Organization: Omega Psi Phi Fraternity, Inc.  Chartered: January 31, 1986 (#24234)  By the Economic Development Committee  Under Grand Basileus Moses Norman  Separate Legal Entity: Headquartered in Decatur, Georgia  Board of Directors: Volunteers non-paid / non-expensed  Day-to-Day Account Services: Contracted to a: Credit Union Accounting Management Organization (CAMO)  Credit Union Support Organization (CUSO) operated by:  Peach State Federal Credit Union  Purpose:  Provide the best in market financial services for our membership  Serve as a Fraternal financial services leader  Loans - Are the primary source of revenue for Shareholders Dividends and OPPFFCU operations 3

Omega Psi Phi Fraternity Federal Credit Union Facts  OPPFFCU does not depend upon Fraternity corporate funding  OPPFFCU day-to-day operational services provided by a CAMO  OPPFFCU Board of Directors (Omega Men) direct and control CAMO operations  OPPFFCU approach is to see how we can APPROVE loan applications  OPPFFCU offers on-line Home Banking to all members  OPPFFCU rates compare favorably to any other lending institution  OPPFFCU offers money market checking accounts  OPPFFCU pays “tiered“ dividends to money market checking account holders 4

Omega Psi Phi Fraternity Federal Credit Union Products & Services  Loans  Home Banking  Life Membership  Single Account  Auto  Debt Consolidation  Joint Account  Business   Checking Accounts Custodian Accounts “OPPFFCU accounts have NCUA insurance up to $250,000” Description of all products and services are found on the OPPFFCU Web Site www.oppffcu.com 5

Omega Psi Phi Fraternity Federal Credit Union Current State OF LOANS TYPES • Automobile loans – OPPFFCU is the most competitive for Pre-Owned Vehicles • Personal loans • Debt Consolidation: Clean up old, high rate debts by consolidating them into a single borrowing. • Life Membership: Funding for the Life Membership in the Omega Psi Phi Fraternity, Inc. • Chapter Loans: Financing for certain Omega Psi Phi Fraternity, Inc. Chapters needs. 6

Omega Psi Phi Fraternity Federal Credit Union Life Membership Loan Sale • OPPFFCU extended the special Life Membership Loan sale to May 30, 2018. • OPPFFCU offers its members a Life Membership special Loan Sale with an initial interest rate starting at 8.99% * • To apply, go to : http://oppffcu.com/life- membership-special-loan-sale/ * Receipt of this special interest rate based on credit worthiness. 7

Omega Psi Phi Fraternity Federal Credit Union Credit Card Program • In January 2018, OPPFFCU introduced a Credit Card. • Sixty percent (60% ) of all credit unions offer a credit card. OPPFFCU joins this elite group of Credit Unions by offering its members an Elite Platinum Visa Credit Card. • Anyone may apply for credit card. OPFFCU membership encouraged but not required • To apply, go to : http://oppffcu.com/credit-card/ 8

Welcome to OPPFFCU Home Banking Access to Home Banking is found on the main page www.oppffcu.com • You must already be a member of the credit union . To find out about • becoming a member, please contact us via the above telephone number. 9

Omega Psi Phi Fraternity Federal Credit Union Future Initiatives  OPPFFCU as the Fraternity’s bank  Lockbox Operations for all intra-fraternity transactions  Every “Affiliate”, District, and Chapter a member  “Join OPPF … Join OPPFFCU”  District Lines of Credit  Increase products and services  Checking accounts  Debit Cards  Access to Accounts via Automated Teller Machines (ATMs) 10

Omega Psi Phi Fraternity Federal Credit Union Summary  OPPFFCU is a well established and growing Federal Credit Union  OPPFFCU continually receives favorable ratings on required external Exams and Audits  OPPFFCU is managed by a dedicated and qualified Board of Directors  A leader and model in “Divine 9” Fraternal or Sorority Financial Services  Services are currently being upgraded – Checking will be available w ithin 2018 – “ Watch for Announcements” “Come and Be A Part of Our Mutual Success” 11

Omega Psi Phi Fraternity Federal Credit Union Contact US  Phone: 800-42-Omega (800-426-6342)  Phone (Alt): (770) 580-6056  Email: Info@oppffcu.com  Address: Omega Psi Phi Fraternity Federal Credit Union c/o CAMO 1505 Lakes Parkway, Suite 100 Lawrenceville, GA 30043 12

Omega Psi Phi Fraternity Federal Credit Union Questions 13