Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU in Oregon closing four branches in Portland
PORTLAND, Ore. (4/28/09)--Oregon Community CU, based in Eugene, Ore., will close all four of its branches in Portland during the next month, according to local media. Credit union officials told KMTR.com (April 23) that 26 employees would be affected by the closures. The decision was a business decision--only 15% of members in Portland actually used the branches. Many members do their banking online banking, said the station. Officials emphasized the credit union isn't under financial distress and that the institution is solid. However, the economy has hit Oregon hard with more than 12% unemployment, the nation's second-highest unemployment rate.


RSS print
News Now LiveWire
Why is a #creditunion a good fit for you? http://t.co/i4pGT98mkT via @MONEY
15 hours ago
The numbers are in: Home Depot data breach impact on #creditunions = $57.4 million, 7.2 million credit/debit cards http://t.co/jorYSOYuxj
16 hours ago
.@Nussle : We'll back off when retailers accept their breach responsibility #NewsNow http://t.co/7WxDXicb6j
18 hours ago
RT @asmarterchoice: RT @daily_finance: Top 5 money management tips for 30-somethings http://t.co/mWRfDRSTE7
18 hours ago
Operational efficiencies focus of new @CUNA program #NewsNow http://t.co/qBYHKVYeQN
19 hours ago