Storing Password in SSSI Package

I have an SSIS Package which uses to connect Oracle. I used Oracle Provider for OLEDB connection manager in SSIS to setup. I have providing my server name, user name and password, selected the check box "Allow Saving Password". It is running fine on my machine but when I give a copy to another developer, he fails to run as he gets null password error. Is there a way to save password in SSIS Package so that we don't need to worry about that? Thanks