Oregon

REGULATING AGENCY: Oregon Division of Financial Regulation

Oregon State Capitol

  • TK Keen, Administrator
  • Janet Powell, Chief of Regulation and Supervision-Credit Unions
  • Website: dfr.oregon.gov

LEAGUE: GoWest Credit Union Association

PRIVATE SHARE INSURANCE: No


2022 STATS 
  • Largest SCU:  ONPOINT COMMUNITY CU $9.4B in assets
  • Largest FCU: MID OREGON FCU $663M in assets
Second Quarter 2022 SCUs FCUs Total CUs % of SCUs/Total
Total Credit Unions 20 34 54 37%
Credit Union Members 1.9M 358,651 2.2M 84%
Credit Union Assets $32B $5.8B  $37.8B 85%

FUN FACT

The world’s smallest park can be found in Portland. It is a total of 452 inches and was created for leprechaun and snail races.


RECENT NEWS
Unitus Community CU’s Transition to New Facilities Model Supports Remote, Hybrid Employees

The Portland, Ore., CU will exit its downtown office for a commuter-friendly suburban facility designed to foster creativity and collaboration.

August 8, 2022  — An Oregon credit union has big plans to shift to a new strategic operating model that will support its mix of remote, hybrid and onsite employees.

The $1.7 billion, Portland, Ore.-based Unitus Community Credit Union announced last week that it will vacate its leased downtown Portland headquarters at 1300 SW 6th Ave., and transition staff to its first “Distributed Administrative Network” facility approximately 10 miles south in the suburban city of Tigard, Ore., in 2024. The new location, an 89,610-square-foot facility called Bridgeport Center, will be the first of multiple new locations in different geographic areas to open in the next 36 to 48 months.

Bridgeport Center is also located less than a mile from a new Unitus Community branch, scheduled to open in the fourth quarter of 2022 at Bridgeport Village, an upscale outdoor shopping mall. In addition, the credit union will be moving its downtown Portland Plaza Branch to another downtown location and is currently evaluating potential spaces, Unitus Community said.

According to the credit union, the decision to open the Bridgeport Center facility came after years of discussion, surveys, evaluation and planning, and that in addition to supporting employee flexibility, the move will create long-term value for the credit union’s membership by reducing overall operating costs.

Read more


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