Oak Tree Business Systems

Oak Tree Business Systems, Inc.
Private company
Industry Financial services and Credit Unions
Founded 1980
Headquarters Big Bear Lake, California
Products Documents (Forms) Membership, Home Equity, Business
Services Data Linking, Training, Forms Output, Compliance Support
Website www.oaktreebiz.com

Oak Tree Business Systems, Inc. ("Oak Tree") is a private company that provides compliant documents and forms only for Credit Unions in the United States.

History

Oak Tree was born in 1980 from the credit insurance industry. Clyde Coxey was the founder among the first batch of employees of insurance carrier Transamerica, which at the time did business as TOP/CRI -Creditor Resources Inc. based in Atlanta, Georgia. Oak Tree Systems began to provide credit union customers a forms product that helped grant loans and sell credit insurance as the forms solution for Transamerica.

In 1983, Oak Tree relocated to Orange, California and became Oak Tree Business Systems, Inc. independent of CRI (currently Transamerica Corporation). Consumer protection laws in the U.S. became more stringent and Oak Tree developed a purpose all of its own.

In 1985, Oak Tree relocated to Big Bear Lake, California providing document printing services and customized forms to all Credit Unions in America.

In 1991, Oak Tree’s full attention turned to the forms needs of The Credit Union Industry employing Richard Gallagher’s computer expertise who pioneered streamline documents serving regulated forms for Credit Unions only.

In 2013, Oak Tree opened its second location in Costa Mesa, California.

Products and services

Oak Tree provides forms required to sign up new credit union members, forms for both open-end and closed-end consumer lending, open-end and closed-end home equity lending, member business lending, and any other credit union forms compliant with state and federal regulations. Services of mapping or ‘data linking’ forms to the systems in use by credit unions.

Employees and locations

In 1999 Genelle Rich joined Oak Tree and is now President.

In 2001, owner Clyde Coxey retired who then elected and appointed Richard Gallagher as President, now the current CEO. Coxey died in March 2014.

References


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