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

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)

Omega Psi Phi Fraternity Federal Credit Union

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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

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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
• perations
• 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

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Omega Psi Phi Fraternity Federal Credit Union Products & Services

• Home Banking
• Single Account
• Joint Account
• Custodian Accounts
• Loans

 Life Membership  Auto  Debt Consolidation  Business

• Checking 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

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Omega Psi Phi Fraternity Federal Credit Union Current State

TYPES OF LOANS

• 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.

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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.

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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/

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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.

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Welcome to OPPFFCU Home Banking

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)

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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

within 2018 – “Watch for Announcements”

“Come and Be A Part of Our Mutual Success”

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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

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Omega Psi Phi Fraternity Federal Credit Union Questions

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