Oregon Community Credit Union

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, United States,[3] owned by more than 150,000 members.[4]

OCCU
TypeNon-profit organization
IndustryBanking
GenreCredit union
PredecessorOregon Community Credit Union

U-Lane-O Credit Union

Lane Federal Credit Union
FoundedJune 25, 1956 (1956-06-25)
Headquarters
Eugene, Oregon
,
U.S.
Number of locations
14
Area served
28 Oregon counties and Washington
Key people
Ron Neumann, CEO
ServicesPersonal & business banking,
$6,844,064[1]
Total assets$1,181,668,707[1]
OwnerMember-owned
Websitemyoccu.org

History

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

Assets
2003 assets2004 assets2005 assets
$662,735,983[9]$704,993,341[10]$776,338,307[10]
2006 assets2007 assets2008 assets2009 assets2010 assets2011 assets2012 assets2013 assetsApproximate net change 2003–13
$730,895,199[11]$838,058,364[12]$848,742,138[13]$911,484,484[14]$949,519,749[15]$1,038,930,727[16]$1,102,263,946[17]$1,181,668,707[1]Increase78%

Services

The credit union has seven branches in Eugene, Oregon, two in neighboring Springfield, one in Salem, one in Wilsonville, and one in Redmond.[18]

The credit union offers investing, mortgages, home equity, auto loans and other loans, banking accounts, online banking, and debit and credit card services.[19] It continued to hire workers in the aftermath of the Great Recession.[20]

Awards

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."[21] The credit union again won the award in 2010[22] and in 2011.[23]

References
  1. "2013 Annual Report" (PDF). Oregon Community Credit Union. Retrieved August 10, 2014.
  2. "Oregon Community Credit Union". Bloomberg Businessweek. Archived from the original on October 3, 2012. Retrieved August 5, 2010.
  3. Oregon Community Credit Union- About Us. Oregon Community Credit Union. Retrieved August 27, 2010.
  4. "2017 Annual Report". Oregon Community Credit Union. Retrieved January 23, 2019.
  5. "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. "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. "2010 Annual Report" (PDF). Oregon Community Credit Union. Retrieved October 15, 2010.
  16. "2011 Annual Report" (PDF). Oregon Community Credit Union. Retrieved April 15, 2012.
  17. "2012 Annual Report" (PDF). Oregon Community Credit Union. Retrieved August 10, 2014.
  18. "Locations & ATMs". Oregon Community Credit Union. Retrieved June 19, 2018.
  19. "Web2Visit - Oregon Community Credit Union". Web to Visit. May 7, 2010. Retrieved August 5, 2010.
  20. Buri McDonald, Sherri (May 25, 2010). "County jobless rate inches up". The Register-Guard (Eugene, Oregon): p. B4. Retrieved October 22, 2010.
  21. "Professional Services". The Register-Guard. April 11, 2009. Retrieved August 5, 2010.
  22. "2010 Readers' Choice Awards Top 3 Winners: Professional Services Categories". The Register-Guard. Retrieved August 5, 2010.
  23. "2011 Readers' Choice". The Register-Guard. Retrieved May 2, 2011.

44.159549°N 123.018036°W / 44.159549; -123.018036

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.