Credit unions in Oregon

Credit union: In the state of Oregon, there are over 59 credit union headquarters. Those credit unions operate over 300 branches across the state. Those branches serve the almost two million Oregon residents who get their financial services from a credit union. Close to half of the state banks with a credit union. The largest credit union in the state is OnPoint Community Credit Union, with almost 384,000 members. OnPoint has been serving its community since 1932. While they are now a community-based credit union, they began as a cooperative for teachers in the Portland area.

Like anywhere, to join a credit union in Oregon, you must meet their membership requirements.  There are several choices if you are a union employee. There are lots of community-based cooperatives for people to join. Outside of Portland, Oregon is quite rural. These credit unions can help reach these remote communities and offer them needed banking services. 

Car insurance: Car insurance in Oregon is well below the national average…unless you are a young driver or a teenager. Anywhere in the country and with any insurance carrier, new drivers will cost more. In Oregon, they cost more than they do in other states. Premiums for new drivers cost $6000 more per year than they do for a 50-year-old driver. When you are forced to pay such a high rate, you should be on the lookout for any discounts you can find! Check with your credit union to see what discounts they can offer you.  

Many cooperatives in Oregon partner with TruStage to offer discounted policies to their members. TruStage works with credit unions across the country on insurance products for its members. Others provide plans from the Oregon State Credit Union Insurance Agency. This agency is part of the Oregon State Credit Union.