Question 1

What is Cascade Community Credit Union?

Accepted Answer

Cascade Community Credit Union is a community-based federal credit union serving residents of Douglas County, Oregon and surrounding communities. With approximately $446 million in assets and nearly 20,000 members, Cascade Community Credit Union operates as a member-owned, not-for-profit financial cooperative. The credit union is deeply rooted in its local community, focusing on providing quality financial products and services while actively supporting local initiatives through volunteering and charitable giving.

Question 2

When was Cascade Community Credit Union founded?

Accepted Answer

Cascade Community Credit Union traces its origins to 1948 when it was founded as DougCo Schools Federal Credit Union. The institution began with just 15 educators from Douglas County who pooled their resources, keeping the sum of their assets in a shoebox locked in a closet. This humble beginning shaped the credit union's educational values and community-focused mission. In 1958, Western Cascade Federal Credit Union was established to serve county, city, and state employees. On December 31, 2002, these two institutions merged to form Cascade Community Federal Credit Union, combining their strengths while maintaining the founding values of community service and member focus.

Question 3

Where is Cascade Community Credit Union headquartered?

Accepted Answer

Cascade Community Credit Union is headquartered in Roseburg, Oregon, with its main office at PO Box 1166.

Question 4

Where does Cascade Community Credit Union operate?

Accepted Answer

Cascade Community Credit Union serves Douglas County, Oregon and several surrounding communities. The credit union operates multiple branch locations throughout the region. Membership is available to individuals who live, work, or worship in Douglas County, as well as immediate family members of current members. The credit union also serves residents of Roseburg, Sutherlin, Winston, Yoncalla, Reedsport, Riddle, Oakland, Canyonville, Drain, Elkton, Glendale, and Myrtle Creek, providing comprehensive coverage throughout Southwest Oregon.

Question 5

What services does Cascade Community Credit Union offer?

Accepted Answer

Cascade Community Credit Union provides a full range of financial services including free personal checking accounts, savings accounts, money market accounts, and certificates of deposit with competitive rates. The credit union offers various loan products including auto loans (both purchase and refinance options), personal loans, mortgages, and home equity loans. Members have access to Visa credit cards with both rewards and cash back options. Digital banking services include online banking platforms and mobile banking capabilities, allowing members to manage their accounts and conduct transactions remotely. The credit union also provides financial education resources to help members make informed financial decisions.

Question 6

What makes Cascade Community Credit Union unique?

Accepted Answer

Cascade Community Credit Union stands out for its deep commitment to community involvement and its educational heritage. The credit union's founding by 15 educators in 1948 established a culture centered on helping community members make informed financial decisions. As a not-for-profit cooperative, Cascade focuses on providing benefits directly to members through lower interest rates, more attractive loan terms, and fewer fees compared to traditional banks. The credit union earned a low-income designation from the NCUA, reflecting its dedication to serving all segments of the community. Cascade actively supports local organizations through volunteering, charitable giving, and community programs, viewing community service as integral to its mission.

Question 7

What type of financial institution is Cascade Community Credit Union?

Accepted Answer

Cascade Community Credit Union is a federal credit union chartered under the National Credit Union Administration. As a member-owned financial cooperative, the credit union operates on democratic principles where each member has one vote to elect the Board of Directors who set the overall strategy for the institution. The board members are volunteers from the community who serve to represent member interests. The credit union's not-for-profit structure allows it to focus on member benefits rather than generating profits for external shareholders, with all revenue directed toward improving services, offering competitive rates, and supporting the local community.

Cascade Community Credit Union

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About Cascade Community Credit Union in the United States