Oregon
BENEFITS OF THE OREGON STATE CHARTER (View/download PDF)
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
- Troy Stang, President/CEO
- Website: gowestassociation.org
PRIVATE SHARE INSURANCE: No
2023 STATS
- Largest SCU: ONPOINT COMMUNITY CU $8.74B in assets
- Largest FCU: MID OREGON FCU $0.71B in assets
| Fourth Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 19 | 33 | 52 | 36.54% |
| Credit Union Members | 1.85M | 0.37M | 2.22M | 83.46% |
| Credit Union Assets | $30.02B | $5.81B | $35.84B | 83.78% |
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
Oregon Community Credit Union’s Experiment with a Four-Day Workweek
Courtesy of Frank Gargano, American Banker
The great resignation has left banks, credit unions and other organizations struggling with employee burnout and rising turnover rates that arise from staffing challenges — and one credit union in Oregon is hoping to counter that trend by implementing a shorter workweek. Oregon Community Credit Union in Eugene began exploring a four-day workweek in January after observing significant levels of stress and employees consistently calling out sick within the call center.
The $3.5 billion-asset credit union began testing a solution to burnout on March 13, offering every call center employee a paid day off each week. Call center employees now have a 32-hour workweek, with their hourly pay adjusted to keep them earning what they had for a full 40-hour week. Executives will closely monitor factors such as time taken to answer calls, staff absence frequency, missed calls and more over the three-month trial period. Read more
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