Oregon Community Credit Union

Oregon Community Credit Union

Type	Non-profit organization
Industry	Banking
Genre	Credit union
Headquarters	Oregon, U.S.
Number of locations	10
Area served	10 Oregon counties
Key people	Mandy Jones, CEO
Services	General loans, mortgages, banking accounts
Net income	$6,454,062
Total assets	$949,519,749
Owner(s)	Member-owned
Website	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,^[1] is a credit union based in Eugene, Oregon, USA,^[2] owned by more than 100,000 members.^[3]

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."^[4] It is now the third largest^[4] of 84 credit unions in Oregon,^[5] serving ten counties.^[4]

In 2003, the credit union considered merging with Portland Teachers Credit Union (now OnPoint Community Credit Union), the largest credit union in the state.^[6] The two did not end up merging.^[7]

Finance and services

Assets

2002 assets	2003 assets	2004 assets	2005 assets
$563,495,658[8]	$662,735,983[8]	$704,993,341[9]	$776,338,307[9]

2006 assets	2007 assets	2008 assets	2009 assets	2010 assets	Approx. net change 2002-10
$730,895,199[10]	$838,058,364[11]	$848,742,138[12]	$911,484,484[13]	$949,519,749[3]	62%

Services

The credit union has seven branches in Eugene, Oregon, two in suburban Springfield, and one in Salem.^[14] It publishes a quarterly newsletter, The Oregonizer.^[15]

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.^[16]

The credit union offers investing, mortgages, home equity, auto loans and other loans, banking accounts, online banking, and debit and credit card services.^[17] It has been hiring, carefully though, despite the recent economic recession.^[18]

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."^[19] The credit union again won the award in 2010^[20] and in 2011.^[21]

References

1. ^ "Oregon Community Credit Union". Bloomberg Businessweek. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=20413902. Retrieved August 5, 2010. 
2. ^ Oregon Community Credit Union- About Us. Oregon Community Credit Union. Retrieved August 27, 2010.
3. ^ ^{a b} "2011 Annual Report" (PDF). Oregon Community Credit Union. Retrieved 2011-05-02.
4. ^ ^{a b c} "Oregon Community Credit Union". LinkedIn. http://www.linkedin.com/companies/oregon-community-credit-union. Retrieved August 5, 2010. 
5. ^ "Credit Union Database". Credituniondb.com. http://www.credituniondb.com/. Retrieved August 5, 2010. 
6. ^ Russo, Edward (11 November 2003). "Credit unions consider merger". The Register-Guard (Eugene, Oregon): p. B1. http://news.google.com/newspapers?id=4VJWAAAAIBAJ&sjid=BOwDAAAAIBAJ&pg=6299%2C2610245. Retrieved August 5, 2010. 
7. ^ Mosley, Joe (29 May 2004). "Credit union merger called off". The Register-Guard (Eugene, Oregon). Retrieved October 22, 2010.
8. ^ ^{a b} "2003 Annual Report" (PDF). Oregon Community Credit Union. Retrieved 2010-10-15.
9. ^ ^{a b} "2005 Annual Report" (PDF). Oregon Community Credit Union. Retrieved 2010-10-15.
10. ^ "2006 Annual Report" (PDF). Oregon Community Credit Union. Retrieved 2010-10-15.
11. ^ "2007 Annual Report" (PDF). Oregon Community Credit Union. Retrieved 2010-10-15.
12. ^ "2008 Annual Report" (PDF). Oregon Community Credit Union. Retrieved 2010-10-15.
13. ^ "2009 Annual Report" (PDF). Oregon Community Credit Union. https://www.oregoncommunitycu.org/Docs/OCCU_AnnualReport_09_web.pdf. Retrieved October 15, 2010. 
14. ^ "Branch Locations" (Scroll over "About Us" and select "Locations"). Oregon Community Credit Union. https://www.oregoncommunitycu.org/. Retrieved August 5, 2010. 
15. ^ "The Oregonizer" (PDF). Oregon Community Credit Union. https://www.oregoncommunitycu.org/Docs/newsletter.pdf. Retrieved August 5, 2010. 
16. ^ "Oregon Community Credit Union Scholarship". University of Oregon. http://financialaid.uoregon.edu/oregon_community_credit_union_scholarship. Retrieved August 5, 2010. 
17. ^ "OregonCommunityCU.org – Oregon Community Credit Union". Web to Visit. May 7, 2010. http://web2visit.com/business-finance/oregoncommunitycu-org-oregon-community-credit-union. Retrieved August 5, 2010. 
18. ^ Buri McDonald, Sherri (25 May 2010). "County jobless rate inches up". The Register-Guard (Eugene, Oregon): p. B4. Retrieved October 22, 2010.
19. ^ "Professional Services". The Register-Guard. April 11, 2009. http://special.registerguard.com/turin/2009/apr/11/professional-services/. Retrieved August 5, 2010. 
20. ^ "2010 Readers' Choice Awards Top 3 Winners: Professional Services Categories". The Register-Guard. http://forums.registerguard.com/advertising/rc_results_professional.html. Retrieved August 5, 2010. 
21. ^ "2011 Readers' Choice". The Register-Guard. Retrieved 2011-05-02.

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