Oregon Community Credit Union

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Oregon Community Credit Union
Type Non-profit organization
Industry Banking
Genre Credit union
Headquarters Oregon, U.S.
Number of locations 10
Area served 28 Oregon counties
Key people Mandy Jones, CEO
Services General loans, mortgages, banking accounts
Net income $6,844,064[1]
Total assets $1,181,668,707[1]
Owners Member-owned
Website www.oregoncommunitycu.org

Oregon Community Credit Union, which was founded as Lane Federal Credit Union and then was called U-Lane-O Credit Union from 1981 to 2003,[2] is a credit union based in Eugene, Oregon, USA,[3] owned by more than 100,000 members.[4]

History[edit]

It was established in 1956 by a group of employees working for the state government who "pooled their money together in a shoe box."[5] It is now the third largest[5] of 84 credit unions in Oregon,[6] serving 28 counties.[5]

In 2003, the credit union considered merging with Portland Teachers Credit Union (now OnPoint Community Credit Union), the largest credit union in the state.[7] The two did not end up merging.[8]

Finance and services[edit]

Assets[edit]

2003 assets 2004 assets 2005 assets
$662,735,983[9] $704,993,341[10] $776,338,307[10]
2006 assets 2007 assets 2008 assets 2009 assets 2010 assets 2011 assets 2012 assets 2013 assets Approx. net change 2003–13
$730,895,199[11] $838,058,364[12] $848,742,138[13] $911,484,484[14] $949,519,749[4] $1,038,930,727[15] $1,102,263,946[16] $1,181,668,707[1] Increase78%

Services[edit]

The credit union has seven branches in Eugene, Oregon, two in suburban Springfield, and one in Salem.[17] It publishes a quarterly newsletter, The Oregonizer.[18]

The University of Oregon (UO) and the credit union partnered to make the Oregon Community Credit Union Scholarship Program, which offered UO students an annual scholarship of $4,800. Any enrolled UO student who graduated from high school in one of the 28 Oregon counties in which membership registration for the credit union is available and who had at least a 3.50 GPA was eligible for the scholarship. The offer ended when the UO accepted applications by April 15, 2010.[19]

The credit union offers investing, mortgages, home equity, auto loans and other loans, banking accounts, online banking, and debit and credit card services.[20] It has been hiring, carefully though, despite the recent economic recession.[21]

Awards[edit]

In 2009, readers of Eugene's main newspaper, The Register-Guard, awarded the credit union as the best in Lane County for "lots of branches and great friendly service."[22] The credit union again won the award in 2010[23] and in 2011.[24]

References[edit]

  1. ^ a b c "2013 Annual Report" (PDF). Oregon Community Credit Union. Retrieved August 10, 2014. 
  2. ^ "Oregon Community Credit Union". Bloomberg Businessweek. Retrieved August 5, 2010. 
  3. ^ Oregon Community Credit Union- About Us. Oregon Community Credit Union. Retrieved August 27, 2010.
  4. ^ a b "2011 Annual Report" (PDF). Oregon Community Credit Union. Retrieved May 2, 2011.
  5. ^ a b c "Oregon Community Credit Union". LinkedIn. Retrieved August 5, 2010. 
  6. ^ "Credit Union Database". Credituniondb.com. Retrieved August 5, 2010. 
  7. ^ Russo, Edward (November 11, 2003). "Credit unions consider merger". The Register-Guard (Eugene, Oregon). p. B1. Retrieved August 5, 2010. 
  8. ^ Mosley, Joe (May 29, 2004). "Credit union merger called off". The Register-Guard (Eugene, Oregon). Retrieved October 22, 2010.
  9. ^ "2003 Annual Report" (PDF). Oregon Community Credit Union. Retrieved October 15, 2010.
  10. ^ a b "2005 Annual Report" (PDF). Oregon Community Credit Union. Retrieved October 15, 2010.
  11. ^ "2006 Annual Report" (PDF). Oregon Community Credit Union. Retrieved October 15, 2010.
  12. ^ "2007 Annual Report" (PDF). Oregon Community Credit Union. Retrieved October 15, 2010.
  13. ^ "2008 Annual Report" (PDF). Oregon Community Credit Union. Retrieved October 15, 2010.
  14. ^ "2009 Annual Report" (PDF). Oregon Community Credit Union. Retrieved October 15, 2010. 
  15. ^ "2011 Annual Report" (PDF). Oregon Community Credit Union. Retrieved April 15, 2012. 
  16. ^ "2012 Annual Report" (PDF). Oregon Community Credit Union. Retrieved August 10, 2014. 
  17. ^ "Locations & ATMs". Oregon Community Credit Union. Retrieved August 5, 2010. 
  18. ^ "The Oregonizer" (PDF). Oregon Community Credit Union. Retrieved August 5, 2010. 
  19. ^ "Oregon Community Credit Union Scholarship". University of Oregon. Retrieved August 5, 2010. 
  20. ^ "OregonCommunityCU.org – Oregon Community Credit Union". Web to Visit. May 7, 2010. Retrieved August 5, 2010. 
  21. ^ Buri McDonald, Sherri (May 25, 2010). "County jobless rate inches up". The Register-Guard (Eugene, Oregon): p. B4. Retrieved October 22, 2010.
  22. ^ "Professional Services". The Register-Guard. April 11, 2009. Retrieved August 5, 2010. 
  23. ^ "2010 Readers' Choice Awards Top 3 Winners: Professional Services Categories". The Register-Guard. Retrieved August 5, 2010. 
  24. ^ "2011 Readers' Choice". The Register-Guard. Retrieved May 2, 2011.

Coordinates: 44°09′34″N 123°01′05″W / 44.159549°N 123.018036°W / 44.159549; -123.018036