Member Packages

The Ohio Educational Credit Union (OECU) is ready to assist you with quality financial services for all stages of your life. And the OECU membership packages enhance the benefits you receive from these quality financial services. OECU has four membership packages designed around an individual’s changing financial needs. You can receive special loan and savings account interest rates, and avoid many service fees, by taking advantage of the membership package service. Your package level is determined by the financial relationship you maintain with OECU.

Gold Package
The highest level of member benefits.
Aggregate balance relationship of $20,000 and greater*

Silver Package
The second-highest level of member benefits.
Aggregate balance relationship of $10,000 to $19,999.99*

Bronze Package
The third-highest level of member benefits.
Aggregate balance relationship of $5,000 to $9,999.99*

Student
Special member benefits for the young consumer.
All members 23 years of age and younger

What do I need to do to enroll in a membership package?

You need only use OECU for your financial needs.
As your financial relationship changes with OECU,
we will update your membership package level. You do not need to sign any special forms. Your membership package level will be reviewed once a month and whenever you open a new savings or
loan account.

When do I start receiving my package benefits?

This depends upon when you meet the minimum requirements for a package.

For example:

If you are approved for an automobile loan that would increase your relationship to the Gold Package level, you will receive the benefits of the Gold Package immediately upon the opening of that loan account. This includes receiving the .75% Gold Package loan rate discount on that automobile loan you are opening, when payments are made by auto debit from your OECU Checking Account.

Another example:

If you have direct deposit of your payroll or retirement money, and your aggregate balance just reached the Silver Package level, you would automatically start to receive Silver Package benefits the month after OECU completes the monthly update of all package members.

What if my spouse and I have separate memberships at OECU?

If two members are joint owners on each other’s accounts, OECU will combine the financial relationship of the two memberships when determining the membership package level for each member.

Example:

A husband’s membership with a $15,000 automobile loan would be added to the wife’s $5,000 Share Savings Account, if they are joint owners on each other’s memberships. Their aggregate balance relationship would then be $20,000. Both would be considered Gold Package level members.

What if I qualify for the Student and one
of the Bronze, Silver or Gold Packages?

You receive the benefits of both packages. Your account would indicate that you qualify for, and would therefore receive, the benefits of both packages.

* The aggregate balance relationship is the total of all your primary membership deposits and loans with OECU, using the average daily balance for each account for the month. Certain relationships may require payroll deduction/direct deposit to meet package qualifications. All qualification requirements are explained below.