OU Credit Union Response to Recent Executive Orders

Over the last month or so, several Executive Orders, policy changes, and regulatory agency updates have been implemented by the new U.S. Federal administration. We understand there may be concerns about how these impact OU Credit Union or your accounts with us and want to reassure you that we are closely monitoring all legislative and regulatory developments.

At this time, OU Credit Union is not required to make any changes impacting your service experience or your information security as a result of the Executive Orders and regulatory agency changes. There have also been no changes to NCUA share insurance coverage, and OU Credit Union systems and your accounts with OU Credit Union remain secure.

Department of Government Efficiency (DOGE)

An Executive Order issued January 20, 2025, established the DOGE to modernize Federal technology and software to maximize government efficiency and productivity. News outlets recently reported that the DOGE may have gained access to IRS/Treasure Department systems. Please know that OU Credit Union only shares information with the IRS as required by federal regulations. OU Credit Union systems and your accounts with OU Credit Union remain secure.

National Credit Union Administration (NCUA)

The NCUA was created in 1970 and is the federal organization that insures deposits at federally insured credit unions, protects the members who own credit unions, and regulates federal credit unions. The NCUA is subject to federal oversight. There have been no changes to NCUA insurance coverage. As such, funds on deposit at OU Credit Union remain insured by the NCUA.

Consumer Financial Protection Bureau (CFPB)

The CFPB was created in 2011 to implement and enforce Federal consumer financial law and ensure that markets for consumer financial products are transparent, fair, and competitive. OU Credit Union is not directly impacted by the recent CFPB operational changes. Consumer compliance requirements relevant to OU Credit Union continue to be enforced by the NCUA, state attorneys general, and other regulatory agencies. Congressional action would be required to modify or dissolve the CFPB.

Additional Security Options

OU Credit Union eAlerts

Receive account-based alerts to your phone or email. You can set the parameters for the alerts you receive and how you receive them. Sign into ComputerLine or the Mobile app to enroll or make updates to your eAlert settings.

Open a Secondary Checking

OU Credit Union accounts can have up to two checking accounts per base account number. A secondary checking account can be used for your IRS tax return or payment without any overdraft protection.

Place a Freeze on your Credit

Placing a freeze on your credit can provide peace of mind that new loans or lines of credit cannot be opened without your authorization. To freeze your credit, contact each of the three large credit reporting agencies Experian, Equifax, and Transunion.

The safety and security of your financial information is of the utmost importance to OU Credit Union. For more information about what we do and what you can due to ensure the safety and security of your financial information, you can visit our Security Center.

We hope that this information is informative and reassuring. Our executive team is carefully monitoring all changes that impact OU Credit Union and its members. If you have further concerns or questions, please do not hesitate to contact us. We continue to be here to support you with your financial needs.

Last updated: Mar 03 2025

Your Wallet

Additional Security Options

OU Credit Union eAlerts

Open a Secondary Checking

Place a Freeze on your Credit

Chat with Fran