Oregon

Oregon, Washington CUs Have $7.7-Billion Economic Impact
Feb. 3, 2017 — Credit unions in Oregon and Washington created a $7.7-billion economic impact in 2016, according to a new analysis released by the Northwest Credit Union Association. The analysis, performed by ECONorthwest, measured jobs, economic output, and income supported by credit unions in the regional economy. (CUToday.info) READ

Bill removing criminal liability for CUs in cannabis business banking heads to governor
March 2, 2016 — The Oregon House has passed a bill that will expand financial services currently available to legal marijuana businesses by removing criminal liability for credit unions and other financial institutions. It now awaits the signature of Gov. Kate Brown. (CUToday.info)

New division to take broader look at financial industry
Jan. 7, 2016 — Salem —The Department of Consumer and Business Services announced today the merging of the Insurance Division and Division of Finance and Corporate Securities into one division. The new division, named the Division of Financial Regulation, became effective on Jan. 1, 2016.

Oregon’s Economy Thrives through Not-For-Profit Credit Unions
May 4, 2015 – While every family felt the shifts of the national and local economies, they still believed in their credit unions. They spent wisely, saved for the future, and borrowed money when necessary. In Columbia County that interconnectedness was shown thanks to a special study.

Oregon Latest State to Mull Paying CU Directors
March 15, 2015 – Salem, Ore. – Add Oregon to states where CU directors may someday be paid for their services.

Credit Unions Dump Federal Charter
December 30 2014 –The New Year will bring charter changes for two large credit unions in Oregon. The $914 million Rogue Credit Union in Medford and the $885 million Oregon State Credit Union in Corvallis will convert from federal to state charters on Jan. 1 to positon their cooperatives for long-term growth.

Northwest Community Finalizes Acquisition of Portland Credit Union
November 4, 2014 – Portland, Ore. – Northwest Community Credit Union has finalized the acquisition of Portland’s Fred Meyer Employees Federal Credit Union. The deal was announced this summer.

Oregon’s Largest Credit Union Opens 3 New Portland Branches
May 7, 2014 – Portland, Ore. – Onpoint Community Credit Union will open three new branches in Portland starting this summer.

 

 

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