Nearing 40 years of experience in the Credit Union Industry, Oak Tree is a leading provider for lending documents and forms for Credit Unions. We provide all types of forms (all types of formats), data linking services, training, compliance support, legal opinion letters, preprinted brochures and documents, as well as web-based and mobile forms. Marketing Services for credit unions also available.
In a Credit Union Times Expert Opinion Column, “ITIN Lending & Compliance: Cutting Through the Fog,” Oak Tree`s CEO talks about ITIN lending, and how it represents growth opportunities for credit unions. Here is an excerpt from the article about ITIN Lending & Compliance:
” ITIN lending represents a solid marketing demographic for credit unions. Is your credit union taking full advantage of it? If not, you should be. Here’s why. The Filene Research Institute recently concluded its incubator loan project in December 2017, with ITIN lending being the most popular segment of the experiment.
The program introduced the following five loan packages to immigrants/minorities:
Automobile refinance loans
QCash small-dollar loans
Micro-finance small business loans (community-based)
Payday payoff installment loans
ITIN lending
To make these loans possible, credit unions used targeted data mining and alternative relationship factors in addition to credit scores, alternative data, and ITIN numbers rather than Social Security numbers as a basis for identification. And while this segment does carry risk, it can be measured. Plus, the numbers speak for themselves.”
To continue reading about ITIN Lending & Compliance, head over to Credit Union Times website HERE.
Oak Tree has been a leading provider of credit union forms and disclosures for over 37 years. Contact us for information regarding our forms or marketing services.
Happy Thursday, everyone! How are you all doing today? Today’s #HumanitarianHighlight shows the many remarkable actions that credit unions have taken to help out their communities in any way possible. Even during a pandemic, many credit union staff and members have taken a stand to check up on their local businesses, helping them out, making sure different organizations still have food to hand out to people in need, etc. When looking at all the acts the credit union community has done, it truly brings a tear to our eyes to see that they all are trying to help each other out. That is why we love the #CUfamily so much! If you know of a credit union that has positively impacted their community, tag us and let us know so we can give them a shoutout! Time to fall into good fortune for those in the CUcommunity.
Not only does DuPage CU care for their members, but they also have the biggest hearts in caring for the community around them! During their shred & electronic recycling event, the credit union was able to collect 12 pounds of paper and 12 pallet boxes of electronics!
So, what does that equate to?
(Information is taken from DuPage Credit Union’s Facebook post)
Let’s give Clearview FCU a round of applause for their hard work and determination in ensuring that everyone in their community is taken care of. During their Virtual Clearview Cares Day, employees from the credit union donated to their partners, Greater Pittsburgh Community Food Bank, and Westmoreland County Food Bank! The total amount raised by the staff and the organization match came out to $2,950! Their 2020 fundraising total has now reached $12,000, which then equals 60,000 meals! Absolutely incredible, #CUfamily!
Greater Pittsburgh Community Food Bank: “We exist simply because people in our community struggle with meeting a basic human need—having enough to eat. The mission of Greater Pittsburgh Community Food Bank is to feed people in need and mobilize our community to eliminate hunger. But we can’t do it alone.”
Westmoreland County Food Bank: [sic]“By acquiring food through local donations and government food assistance programs (State Food Purchase Program and The Emergency Food Assistance Program) WCFB serves the community in several ways…
WAYS WE SERVE:
We provide food to meal programs, soup kitchens, food pantries, emergency shelters, and child care programs
We provide the means for donors to put their food to good use while gaining tax credits
We keep perfectly good food that can’t be sold (because of damaged packaging or a close code date) from becoming garbage in landfills
We believe that by pooling together all of the community resources, we can make a significant difference in the fight against hunger.”
Not letting the pandemic stop them from supporting their community, OE FCU’s employees went by the Elko Firefighters Association with care packages containing handcrafted blankets to help keep the firefighters warm!
This just brought a huge smile to our faces! In their partnership with Feeding America, the Greater Fox Cities Chapter of Credit Unions had a Stock the Shelves drive-thru event, and from all of their donations, 20,149 meals were raised for families who have been struggling with putting food on the table for their families. Remarkable job, everyone!
Feeding America: “The Feeding America network is the nation’s largest domestic hunger-relief organization, working to connect people with food and end hunger. Donors, staff, and volunteers all play an important role in our efforts to end hunger in the United States.”
Back in September, PCM held their 6th Annual Christmas in-July-September Golf Outing for Children’s Miracle Network! With the help of 60 golfers and 19 sponsors, the total amount raised went well over $19,000 which will all go to local children in need.
The incredible staff and members from Sunova CU raised $3,970, which equals 397 meals to be donated to Made with Love! The donation will provide for people throughout Winnipeg who are in need of meals.
Through their Our Seeds of Hope Project, Dirigo FCU donated to 5 different nursing homes that were in need of many items. The credit union was very pleased to take 10 bird feeders to the residents and staff of Marshwood Center!
Thank you for reading this Humanitarian Highlight! Please check out last week’s post, and please do not hesitate to contact us with any questions about our products & services through our email or by phone (800) 537-9598.
When it comes to compliant forms and disclosures for credit unions, there is Oak Tree Business Systems, Inc. For more than 37 years, we have been the ones supplying the best forms for credit unions from membership documents to the forms for all lending needs. It is World Kindness Week 2020!
When it comes to building a community, there are credit unions, who are always finding ways to show the #CUDifference and helping people open their eyes to a credit union with their many humanitarian efforts.
Let’s celebrate World Kindness Day and the #creditunions that know how vital such kindness is! Since 1998 this holiday has spread across the globe. From a day to a week we know celebrate every November a chance to unite under a united flag of kindness.
There are so many wonderful ways to celebrate this week. You can write random notes of kindness for others, even strangers. Help do errands for those in need. Cook a meal for a loved one. Even a hug is enough to show others that you care. It doesn’t have to be a huge action to show a little concern.
To see some great #HumanitarianHighlights where credit unions donate time, money, and other resources to help spread kindness every day you need to go to our Credit Union Blog! Did you do anything for World Kindness Week 2020?
Happy Humanitarian Highlight Day everyone! We’re only one day away from Friday, so hang in there! We hope you all enjoy your weekend, and most of all we hope you enjoy reading all the amazing deeds our #CUfamily has been up to lately! If you know of a credit union that has positively impacted their community, tag us and let us know so we can give them a shoutout! It is truly the season of giving in the credit union community.
Mid Oregon Credit Union was recognized by the Credit Union National Association and honored with the Alphonse Desjardins Youth and Adult Financial Education Award. They received the award for their Bite of Reality program, which teaches high school students about budgeting and money management. Awesome job, Mid Oregon CU!
This past October, Sunova members, and staff raised a grand total of $3,970 for the Made with Love program, which provides meals for those in need. The total equaled 397 meals for people throughout Winnipeg!
This past month, City & County Credit Union was on a “People Helping People” mission and was able to make donations and volunteer for various programs. They made 440 snack packs for We Can Ride, Inc., 330 senior care bags for Help At Your Door, 26 tie blankets for the Ronald McDonald House, and beautified 2 local parks! Wow, what an achievement! Meridian Credit Union
Meridian Credit Union pledged to triple any donations made to one of two great organizations, including Food4Kids and helping those in need during COVID-19! This was part of their Donation Match Program!
In support of the Doernbecher Children’s Hospital, Fibre Federal Credit Union pledged to match any donations made as part of their Credit Unions for Kids mission! To learn more about our Credit Unions for Kids mission, visit https://www.fibrecu.com/…/news…/cu4kids-doernbecher-days.
As a commitment to both their members and communities, United Federal Credit Union stopped by the Women & Children’s Center of the Sierra with a donation check of $1,000! United FCU was extremely excited to support this organization that helps women rise out of poverty.
Hometown Credit Union held a “Miracle Jeans Week” for the Children’s Miracle Network Hospitals and was able to raise over $700 with the help of their community!
Thank you for reading this Humanitarian Highlight! Please check out last week’s post, and please do not hesitate to contact us with any questions about our products & services through our email or by phone (800) 537-9598.
Another #HumanitarianHighlight is here, and we are so pleased the day has finally come! Have you ever wondered what more you can do to help create a difference within the community? Sometimes thinking outside of the box can be very beneficial to those in need. If you know a credit union that has gone above and beyond in making a #CUdifference, use our hashtag #HumanitarianHighlight to let us know about it, so we can give them a shout-out! Now on to the CUs in the limelight.
We first want to start by saying, WOW! Black Hills FCU took the time to sew 300 masks to be given in partnership with Masks for Rapid City, who will then distribute the masks to elementary school students from Rapid City Area Schools!
This incredible credit union announced 4 of their 2020 scholarship winners and awarded them $4,000 each to put toward their college expenses! Congratulations to all!
The employees of the Bearden Branch of ORNL FCU took the time to collect non-perishable food items to be donated to the Blessing Box at the Bearden United Methodist Church. The Bearden Blessing box is a cabinet placed outside of the church to help those who are in need of non-perishable items. Thank you to all who took the time to donate and create a difference in someone’s life!
In September, the Community 1st Credit Union Foundation was able to award $25,000 to the Jefferson Co. Kids Early Childhood Learning Center in an effort to help with the capital campaign to build a new facility for additional childcare spaces and resources.
“We understand and fully support the impact this new Early Childhood Learning Center will have in Fairfield and Jefferson County.” says Greg Hanshaw, CEO of Community 1st Credit Union, “Partnering with local organizations to promote community betterment is really what our credit union philosophy of ‘People Helping People’ is all about. We look forward to watching this project unfold soon.” KTVO
Congratulations to ELGA CU for raising funds through their annual Ginormous Tent Sale. The total donation came out to $2,500! The money will be helping and supporting Catholic Charities’ three soup kitchens, and counseling programs.
“This annual sale couldn’t happen without the support of ELGA associates and our community volunteers,” said ELGA CEO Karen Church. “It’s truly a miracle to see so many different organizations come together to make this sale happen. This was our fifth sale, and all together we’ve raised more than $85,000 to benefit the programs at Catholic Charities.” The Davison Index
Caring about their community, the First Basin team was up early to help clean the community around them. They were able to pick up many bags of trash! Way to go #CUfamily!
Thank you for reading this Humanitarian Highlight! Please check out last week’s post, and please do not hesitate to contact us with any questions about our products & services through our email or by phone (800) 537-9598.
Happy Humanitarian Highlight Day! It’s the last one for the month of October before we enter into November! We hope you all had a wonderful month and hope you have enjoyed reading all the acts of kindness this past month. We look forward to finding more stories and seeing credit unions from all around the country make their communities a little brighter and a world of good.
Workers Credit Union members provided $41,000 to local non-profits through their annual GiveBack program earlier in September. Executives presented checks to each of the organizations, which included Habitat for Humanity, who received $17,300, and Worcester County Food Bank, who received $23,600. We’re so inspired by their members’ generosity Awesome job!
In just two weeks, Rogue Credit Union was able to raise more than $1 million for the families and communities affected by the wildfires in Oregon. These devastating fires destroyed thousands of structures and towns, displacing thousands of people in Oregon.
Indiana Members Credit Union presented a check for $1,974 to Carmel High School Athletics as part of their ongoing school spirit debit card program. The program allows Carmel fans the opportunity to show their school spirit and support the athletic program by signing up for a Carmel Greyhounds-themed debit card. Every time the card is used as a signature-based transaction, Carmel Athletics benefits.
A group of BHFCU employees were able to lend a helping hand in their final Adopt-A-Mile cleanup of the year. What a great way to keep their community spotless and beautiful! Great job, BHFCU!
AAACU Board of Directors Chairperson, Charlie Negro, presented an $800 check on behalf of AAACU to the pastor of Oscoda Assembly of God church. These funds will be used to purchase a truckload of food for their monthly grocery giveaway, which helps to feed about 250 families throughout the Oscoda community.
Thanks to Suffolk FCU, the Gateway Performing Arts Center (“The Gateway Playhouse”) of Suffolk County in Bellport, N.Y., received a $10,000 grant that administered small business relief grants from the Home Loan Bank of New York, created to support the financial security and health of workers who are employed by organizations that have been severely impacted by the COVID-19 crisis.
Every year in September and October, our community comes together to rally around our cancer survivors, fighters and loved ones. The Capital Area FCU crew participated in their virtual Walk for Hope this year! They were able to raise over $1,000 for the organization. Great job, everyone!
Thank you for tuning in to our Humanitarian Highlight! We’ll be back next week with some more generous credit unions! Please check out last week’s post, and please do not hesitate to contact us with any questions about our products & services through our email or by phone (800) 537-9598, especially if your credit union needs the best lending documents!
Humanitarian Highlight 10/22/2020 | Sigh of Relief
Good morning #CUfamily! Today’s #HumanitarianHighlight consists of a few credit unions who have done great deeds to ensure that everyone in their community is taken care of and is shown support. If you can, follow and like your fellow credit union’s mentioned pages, so we can help grow the credit union family even more. For those in need, there are credit unions to give a sigh of relief.
Providing a helping hand, New Horizons donated $1,000 to the Penelope House which offers safe shelter and free resources to victims of domestic violence! The credit union’s employees raised the money through their jean days as a way to help support local charities.
“Penelope House helps victims of intimate partner violence to gain social and economic independence through shelter, counseling, advocacy, and referral to community resources and agencies in Mobile, Washington, Choctaw, and Clarke Counties in Alabama. The shelter can provide refuge for victims and their children when their lives are in imminent danger. The temporary shelter allows escaping from a violent situation. The prevention of domestic violence through education and public awareness is the goal of Penelope House.” Penelope House, Inc.
Wanting to help the firefighters who are battling fires, Cutting Edge CU found out they were in need of Chapstick to protect them from the heat and wind. The credit union donated 500 tubes of lip balm to the Tualatin Valley Fire and Rescue to be distributed to all the frontline firefighters.
Lending a helping hand, DuGood FCU partnered up with United Way Orange County, TX to help pass out meals and supplies to people who were affected by Hurricane Laura. Incredible job #CUfamily!
Let’s give a round of applause to Fitzsimons FCU for reaching their goal of $50,000 for donations to local food banks. To help reach a bigger goal, the credit union now wants to raise $100,000 by working with other credit unions with a virtual food drive for Food Bank of the Rockies.
“1 in 10 Coloradans worry where their next meal will come from. These are people you meet every day- those with low-wage jobs, children, seniors on fixed incomes, those with health issues. Surprisingly, the homeless represent only 10% of our food recipients. Nearly half of the food we distribute feeds children.
Hunger can be found everywhere – often where you least expect it. The homeless population represents only about 10% of our food recipients.” Food Bank of the Rockies
Click HERE to learn more about the Food Bank of the Rockies!
Congratulations to Members 1st of NJ FCU for being awarded a $90,000 block grant from the Federal Home Loan Bank of New York’s COVID-19 Small Business Recovery Grant to help businesses and nonprofits recover from the pandemic.
Contact Members 1st of NJ FCU to find out how your business or nonprofit may qualify for the grant.
Taking the time to help raise awareness, Arbor Financial CU joined in the Stomp Out Stigma 5k! The team was able to raise $4,110 for The Mental Health Foundation of West Michigan – be nice.
“The Mental Health Foundation of West Michigan is a local nonprofit that provides mental health education through our programs be nice. & Live Laugh Love. Our staff is also certified to teach Mental Health First Aid. be nice. is our leading education program that is catered to all ages, K-senior citizens. be nice. is an acronym and a four-step Action Plan to notice, invite, challenge, and empower yourself or someone struggling with their mental health. You can learn the be nice. Action Plan and take the Pledge to be nice. in your community at www.benice.org.” be nice.
Outstanding job to Linn Area CU for donating $10,000 to HACAP in an effort to help provide food and other supplies and services to people who were affected by the derecho storm.
“We are HACAP – a diverse, community-focused nonprofit dedicated to the sustained improvement of human life in our communities. As one of eighteen Iowa community action agencies, we provide flexible and adaptive programs and services that work toward removing the barriers to self-sufficiency. HACAP provides service in six counties in Iowa: Benton, Iowa, Johnson, Jones, Linn, and Washington. We build collaboration among for-profit, nonprofit, faith-based, service groups, and community members in order to make stronger, healthier communities.
Poverty is a complex human condition, which in many respects lingers outside traditional market economics. Poverty creates barriers to human progress, restricting individual opportunity. Its impacts need to be addressed locally for maximized results.” HACAP
Thank you for reading this Humanitarian Highlight! Please check out last week’s post, and please do not hesitate to contact us with any questions about our products & services through our email or by phone (800) 537-9598, especially if your credit union needs the best lending documents!
