May28

Q2 Small Credit Union Roundtable

Held quarterly—with additional sessions as needed—these open discussions cover topics like growth strategies, succession planning, operational hurdles, and more.
Jun3

YP Summit

This conference is an excellent opportunity to learn how to become a stronger leader in the Credit Union Movement, hear from expert speakers, grow your network, develop skills in workshops, and more.
Jun3

Collectors Council; Session Two

This session provides an opportunity to share challenges and successes with collection and recovery peers, ask questions and learn from each other, as well as gain insights from outside legal and industry experts.
Jun5

Risk Management Council; Session Two

By connecting peers in these areas, this council fosters communication and support that helps the industry identify and reduce the many areas of risk that credit unions face daily.
Home » Advocacy On The Move »

Oregon Quadruples College Savings Incentives for Families, Offering a $100 Kickstart

Posted by on May 9, 2025

The Oregon Governmental Affairs Committee met this week with State Treasurer Elizabeth Steiner to talk about her financial empowerment agenda and opportunities for Oregon Credit Unions to partner with the Treasurer’s office.

One program credit unions have long supported is the Oregon College Savings Plan (OCSP), which helps families save for their children’s higher education. Good news was announced; effective immediately, families opening a new OCSP account for their newborn or kindergartener will receive a $100 deposit – a fourfold increase from the previous $25 offered through the popular Baby Grad and Kinder Grad programs.

Since the inception of Baby Grad in 2018 and Kinder Grad in 2019, nearly 20,000 families have collective saved nearly $200 million. The average account balance is now $10,000.

“The Oregon State Treasury is doing more to help families invest in their children’s futures,” said Oregon State Treasurer Elizabeth Steiner. “By increasing the incentive for Baby Grad and Kinder Grad to $100, we are providing families an added boost as they embark on the crucial journey of saving for higher education. At a time when we know many families are struggling to save, this added incentive opens more pathways to opportunity for every young Oregonian.”

Research shows that children with dedicated college savings are significantly more likely to pursue higher education.

We appreciate opportunities to work with the Treasurer’s office to better Oregonians’ lives, and we thank Treasurer Steiner for attending the GAC meeting to share updates this week.

Posted in Advocacy on the Move, Oregon Advocacy.