2025 Annual Report
Andrew Downin
President and CEO
CEO's Report
O Bee Members,
What makes a credit union different from a bank? The answer is simple: we put people over profits. That philosophy has guided O Bee since our founding and continues to shape how we serve our Members, support our communities, and invest in the future of the cooperative you own.
In 2025, that future continued to grow stronger thanks to the trust you place in O Bee. By the end of the year, membership grew to 35,751 Members, each one strengthening our cooperative and helping extend the benefits of membership even further across the communities we serve.
Throughout the year, we remained focused on delivering exceptional value and service. Competitive savings products helped Members earn more on their deposits, while our lending programs provided affordable options for life’s important moments—from purchasing vehicles to improving homes. In fact, loan balances grew by 10.26% during the year as more Members turned to O Bee for trusted and affordable financing.
Our commitment to improving financial well-being also continued to expand. Through our financial coaching program, our 22 certified financial coaches work with Members to set goals, strengthen financial confidence, and take meaningful steps toward long-term success. Whether it’s preparing to purchase a first home, improving credit, or building savings, these conversations help Members move forward with greater confidence.
O Bee remained financially strong in 2025, ending the year with $651.8 million in assets and $4.1 million in net income. As a not-for-profit financial cooperative, these earnings are reinvested back into the credit union to provide better rates, expanded services, and new ways for Members to conveniently access their accounts. In other words, our shared success directly benefits you.
As we look ahead, our focus remains clear. We will continue expanding access to affordable financial services and deepening our commitment to improving the financial well-being of every Member we serve. We’re also preparing several technology enhancements aimed at improving convenience for our Members. This includes two features many of you have told us you want: a more modern digital banking experience and (finally!) tap-to-pay on debit and credit cards. Stay tuned for more updates on these enhancements later in 2026.
On behalf of our Executive Leadership Team, thank you to our Board of Directors and Supervisory Committee for their guidance and stewardship, and to our team members for their dedication to serving our Members every day.
Most importantly, thank you to you, our Members, for the trust you place in O Bee Credit Union. Your continued support is what allows our cooperative to grow stronger each year.
In Service and Cooperation,
Andrew Downin
President and CEO
Prabakar Manoharan
Board Chair
Chair's Report
As we reflect on the past year, I am filled with immense pride and gratitude for the collective efforts that have propelled O Bee Credit Union forward and made 2024 one of our best years yet.
At the helm of our organization, CEO Andrew Downin has exemplified transformative leadership. His unwavering dedication to the credit union movement, combined with his enthusiasm, positivity, and passion, has been instrumental in steering O Bee toward a prosperous future. Our Executive Leadership Team is best-in-class, and we are thankful for their guidance and expertise.
O Bee was the recipient of four prestigious honors in 2024, including being named one America’s Best Regional Banks and Credit Unions by Newsweek. Our achievements are a testament to the dedication of our entire team. The nearly 150 team members who serve our Membership is the heartbeat of O Bee. Together, we have fostered a culture that not only meets but exceeds the expectations of our Members.
2025 marks 70 years of O Bee Credit Union. Our seven-decade journey has been marked by significant milestones, tremendous successes, and, yes, some challenges. Through it all our Board of Directors and O Bee team remain dedicated to service, and a steadfast commitment to our mission: improving the lives of our Members through financial well-being.
As we embark on a new year, we do so with purpose and optimism. Guided by exceptional leadership, a dedicated board, and a passionate team, O Bee Credit Union is poised to continue its legacy of service, innovation, and community engagement for the next 70 years and beyond.
Thank you for your unwavering trust and support. Together, we are building a brighter financial future for all. It is an honor to serve you.
Warm regards,
Prabakar Manoharan
Board Chair
March 2025