Oak Trust Credit Union

Our History
Who Can Join
Volunteer Opportunities
Member Testimonials
Frequently Asked Questions
Newsletters
Annual Report

A Proud History of Serving Our Community
In 1964, a group of printers decided to pool their resources and create a credit union for their employees. Originally called Master Printers Credit Union, the organization founded by the Master Printers Section of the Printing Industry of Illinois, began serving printing companies in the greater Chicago area. With growth in Minnesota, the credit union changed its name to Oak Trust Credit Union several years ago. Today, our administrative office is located in Naperville, Illinois. We have one branch office in Villa Park, IL and one branch office in Eagan, Minnesota.

A Breed Apart - At Oak Trust Credit Union you're more than an account number – you’re a part of our family! Learn more about the Oak Trust difference from an interview with President and CEO, Jim Dean, featured in The Management Association of Illinois newsletter.

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Who Can Join?
To become a member, you simply check the list below to see if you meet one of the criteria. If not, you can join the credit union by making a one-time, non-refundable donation of $1 to the Illinois Press Foundation.

You live or work in DuPage, Kane, Will, DeKalb, or Kendall County, or West of Route 12 in Western and Northwestern Cook County.

Your employer offers Oak Trust as part of its employee benefit package.

You are an employee of a newspaper affiliated with the Illinois Press Association. 2009 IPF Annual Report

You are a family member of an Oak Trust member.

The first step to membership is to make an initial deposit of $5 in a Regular Savings Account. Once you're a member at Oak Trust Credit Union, you're always a member, even if you move, change jobs, or retire. Simply complete a membership application form and submit it online or mail it to 1811 W. Diehl Road, suite 700 Naperville, IL 60563.

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Volunteer Opportunities
Oak Trust Credit Union is always seeking members who have an interest in serving as volunteers on the Advisory, Supervisory, Membership, & Executive Committee, as well as Board of Directors. If you have an interest in joining any of the groups mentioned, you must be a member in good standing and possess the required skills to serve in one of our positions.

Advisory Committees
Job Description: To share ideas and talents in order to help ensure the future success of the credit union; to learn more about the credit union and its place in the community or industry; to promote the credit union. Meetings will be held as needed, with a suggestion that they would occur quarterly.
Supervisory Committee
Job Description: Supervisory Committee: This committee is charged to ensure the safety and soundness of the credit union’s assets by ensuring compliance with the Federal Credit Union Act, The Illinois Credit Union Act, the Illinois Credit Union By-laws, DFPR and NCUA Rules and Regulations, and the policies contained in the Policy Manual. The committee consists of at least three but not more than five members. The committee will elect its own chairperson.
Membership Committee
Job Description: The membership committee reviews new and closed memberships and works with credit union staff on business development. The committee consists of three (3) members who meet at least quarterly to assess the membership development of the credit union.
Executive Committee
Job Description: The Board will appoint an Executive Committee of three (3) directors who may be authorized to act for the Board in all respects, subject to such conditions and limitations as are prescribed by the Board. The Executive Committee shall report to the Board at each Board meeting on any meeting held and actions taken between Board meetings.
Board of Directors
Job Description: To provide strategic direction to the Credit Union. To set Credit Union policies. To hire the CEO. To appoint the Supervisory, Membership, and Advisory Committees. Elected to three year staggered terms by members at the Annual Meeting. The board meets monthly but may meet as little as quarterly.

To apply, simply submit your application and resume outlining your interest and qualifications. To print out an application, please click here or pick up an application packet at any branch to submit your information.

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Frequently Asked Questions
What’s a Credit Union?
Who owns a credit union?
How did credit unions start?
What is the purpose of a credit union?

What's a Credit Union?
A credit union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members. It is member-owned and controlled through a board of directors elected by the membership. The board serves on a volunteer basis and may hire a management team to run the credit union. The board also establishes and revises policy, sets dividend and loan rates, and directs certain operations. The result: members are provided with a safe, convenient place to save and borrow at reasonable rates at an institution which exists to benefit them, not to make a profit.

Who owns a credit union?
Most financial institutions are owned by stockholders, who own a part of the institution and intend on making money from their investment. A credit union doesn't operate in that manner. Rather, each credit union member owns one "share" of the organization. The user of credit union services is also an owner, and is even entitled to vote on important issues, such as the election of member representatives to serve on the board of directors.

How did credit unions start?
The first credit union cooperatives started in Germany over a century ago. Today, credit unions are found everywhere in the world. The credit union movement started in this country in Manchester, New Hampshire. There, the St. Mary's Cooperative Credit Association, a church-affiliated credit union, opened its doors in 1909. Today, one in every three Americans is a credit union member.

What is the purpose of a credit union?
The primary purpose in furthering their goal of service is to encourage members to save money. Another purpose is to offer loans to members. In fact, credit unions have traditionally made loans to people of ordinary means. Credit unions can charge lower rates for loans (as well as pay higher dividends on savings) because they are nonprofit cooperatives. Rather than paying profits to stockholders, credit unions return earnings to members in the form of dividends or improved services.

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Newsletters
Stay informed with what is new at your credit union. Click below to check out current and past editions of our quarterly newsletter.

Current Newsletter:
July 2010

Past Newsletters:
April 2010
January 2010
October 2009
July 2009
April 2009
January 2009

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Annual Report
View highlights from 2008, including a message from the credit union President and Board Chairman as well as the financial health of Oak Trust, by clicking to our 2008 Annual Report.

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