Oregon Community Credit Union
Encyclopedia
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, is a credit union based in Eugene, Oregon
, USA
, owned by more than 100,000 members.
who "pooled their money together in a shoe box." It is now the third largest of 84 credit unions in Oregon
, serving ten counties.
In 2003, the credit union considered merging with Portland Teachers Credit Union (now OnPoint Community Credit Union), the largest credit union in the state. The two did not end up merging.
, two in suburban Springfield
, and one in Salem
. It publishes a quarterly newsletter, The Oregonizer.
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 ten 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.
The credit union offers investing, mortgages, home equity, auto loans and other loans, banking accounts, online banking, and debit and credit card services. It has been hiring, carefully though, despite the recent economic recession.
, awarded the credit union as the best in Lane County
for "lots of branches and great friendly service." The credit union again won the award in 2010 and in 2011.
Eugene, Oregon
Eugene is the second largest city in the U.S. state of Oregon and the seat of Lane County. It is located at the south end of the Willamette Valley, at the confluence of the McKenzie and Willamette rivers, about east of the Oregon Coast.As of the 2010 U.S...
, USA
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, owned by more than 100,000 members.
History
It was established in 1956 by a group of employees working for the state governmentGovernment of Oregon
The government of the U.S. state of Oregon, as prescribed by the Oregon Constitution, is composed of three government branches: the executive, the legislative, and the judicial...
who "pooled their money together in a shoe box." It is now the third largest of 84 credit unions in Oregon
Oregon
Oregon is a state in the Pacific Northwest region of the United States. It is located on the Pacific coast, with Washington to the north, California to the south, Nevada on the southeast and Idaho to the east. The Columbia and Snake rivers delineate much of Oregon's northern and eastern...
, serving ten counties.
In 2003, the credit union considered merging with Portland Teachers Credit Union (now OnPoint Community Credit Union), the largest credit union in the state. The two did not end up merging.
Assets
| 2002 assets | 2003 assets | 2004 assets | 2005 assets |
|---|---|---|---|
| $563,495,658 | $662,735,983 | $704,993,341 | $776,338,307 |
| 2006 assets | 2007 assets | 2008 assets | 2009 assets | 2010 assets | Approx. net change 2002-10 |
|---|---|---|---|---|---|
| $730,895,199 | $838,058,364 | $848,742,138 | $911,484,484 | $949,519,749 | 62% |
Services
The credit union has seven branches in Eugene, OregonEugene, Oregon
Eugene is the second largest city in the U.S. state of Oregon and the seat of Lane County. It is located at the south end of the Willamette Valley, at the confluence of the McKenzie and Willamette rivers, about east of the Oregon Coast.As of the 2010 U.S...
, two in suburban Springfield
Springfield, Oregon
Springfield is a city in Lane County, Oregon, United States. Located in the Southern Willamette Valley, it is within the Eugene-Springfield Metropolitan Statistical Area. Separated from Eugene to the west, mainly by Interstate 5, Springfield is the second-most populous city in the metropolitan area...
, and one in Salem
Salem, Oregon
Salem is the capital of the U.S. state of Oregon, and the county seat of Marion County. It is located in the center of the Willamette Valley alongside the Willamette River, which runs north through the city. The river forms the boundary between Marion and Polk counties, and the city neighborhood...
. It publishes a quarterly newsletter, The Oregonizer.
The University of Oregon
University of Oregon
-Colleges and schools:The University of Oregon is organized into eight schools and colleges—six professional schools and colleges, an Arts and Sciences College and an Honors College.- School of Architecture and Allied Arts :...
(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 ten 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.
The credit union offers investing, mortgages, home equity, auto loans and other loans, banking accounts, online banking, and debit and credit card services. It has been hiring, carefully though, despite the recent economic recession.
Awards
In 2009, readers of Eugene's main newspaper, The Register-GuardThe Register-Guard
The Register-Guard is a daily newspaper published in Eugene, Oregon, United States. It was formed in a 1930 merger of two Eugene papers, the Eugene Daily Guard and the Morning Register. The paper serves the Eugene-Springfield area, as well as the Oregon Coast, Umpqua River Valley, and surrounding...
, awarded the credit union as the best in Lane County
Lane County
Lane County is the name of two counties in the United States:* Lane County, Kansas* Lane County, Oregon...
for "lots of branches and great friendly service." The credit union again won the award in 2010 and in 2011.