February 17, 2022 — Today, NASCUS welcomes three new members to the state-system network, Advantis Credit Union in Oregon, Central Willamette Credit Union in Oregon, and Railway Credit Union in North Dakota.
Their story began on September 5th, 1928 when 36 employees joined together to form a credit union. They created a true financial cooperative, each contributing what they could to help one another. Members were able to borrow at lower rates, enjoy higher earnings, and pay lower fees than they would at a corporate bank. After more than 90 years of safe and sound financial management by their member-owners, Advantis has grown to become Oregon’s 6th largest credit union, with more than 75,000 members, currently under the direction of President and CEO, Jason Werts.
While they may have grown a great deal from their humble beginnings, their core purpose has remained the same: to help their members find security and success in their financial lives.
More than 65 years ago, on November 15, 1955, Linn Government Employees Credit Union was established as a state-chartered credit union and we’ve been serving the people of the Valley as financial advocates ever since. They now have six locations spanning from Lebanon to Salem, Oregon. It’s not just a job, it’s their passion.
Central Willamette Community Credit Union is headquartered in Albany, Oregon. The local not-for-profit financial cooperative has over 23,000 members and has been serving communities in the Linn, Benton, Marion, and Polk counties under the leadership of President and CEO, Stacie Wyss-Schoenborn.
Their story began when a group of Northern Pacific Railway employees joined together to form a financial cooperative. In March of 1954, the State Credit Union Board approved an application for a state charter by Frank Schantz, Mike Knoll, M. A. Froelich, Theodore Ressler, M. J. Blandin, W. C. Block, A. F. Fitterer, and Paul Hoffman. Together they formed a state-chartered cooperative and became the forefathers of Railway Credit Union with more than 7,500 members in North Dakota.
President and CEO, Paul Brucker has been employed with RCU for 34 years and was previously awarded The Dakota Credit Union Association Professional of the year in 2000.