Question 1

What is Oregon Community Credit Union (OCCU)?

Accepted Answer

Oregon Community Credit Union (OCCU) is a state-chartered community credit union headquartered in Eugene, Oregon. With over $3.5 billion in assets and more than 283,000 members, OCCU is one of the largest credit unions in Oregon. The credit union serves members across 28 Oregon counties and throughout Washington state, offering a comprehensive suite of financial services through its network of 14 branches and 39 ATMs with video teller capability.

OCCU operates as a not-for-profit financial cooperative, emphasizing its commitment to "people helping people" and enriching the lives of its member-owners and the communities it serves.

Question 2

When was Oregon Community Credit Union (OCCU) founded?

Accepted Answer

OCCU was founded in 1956 as Lane Federal Credit Union by a group of Oregon state employees who pooled their money in a shoebox to help each other financially. The credit union began with just 26 member-owners who sought to create an affordable banking alternative for fellow state employees.

In 1981, the credit union changed its name to U-Lane-O Credit Union. In 2003, it received approval to convert to a community charter and changed its name to Oregon Community Credit Union, expanding membership eligibility to anyone living or working within a 10-county area. The credit union simplified its brand to "OCCU" in 2016 to better reflect its regional presence and expanded service area.

Question 3

Where is Oregon Community Credit Union (OCCU) headquartered?

Accepted Answer

OCCU is headquartered in Eugene, Oregon, at 2880 Chad Drive.

Question 4

Where does Oregon Community Credit Union (OCCU) operate?

Accepted Answer

OCCU operates throughout a broad region of Oregon and Washington. The credit union maintains 14 branch locations across Oregon, primarily concentrated in the Willamette Valley and surrounding areas. Membership is open to anyone who lives or works in 28 Oregon counties or anywhere in Washington state.

The credit union's network includes 39 ATMs equipped with video teller capability, providing enhanced access to member services across its service area.

Question 5

What services does Oregon Community Credit Union (OCCU) offer?

Accepted Answer

OCCU provides a comprehensive range of financial products and services designed to meet diverse member needs. Deposit accounts include checking accounts with up to 2.00% APY, savings accounts, money market accounts, and certificate accounts offering rates as high as 3.50% APY.

Lending services encompass auto loans with rates as low as 5.74% APR, mortgage loans with rates starting at 5.43% APR, home equity loans and lines of credit, personal loans, and credit cards with rates as low as 12.74% APR. In 2024, the credit union originated $66.9 million in first mortgage loans and provided 533 member impact loans totaling $3.4 million.

The credit union offers robust digital banking services, including online banking, mobile banking with mobile check deposit, online bill pay, and eStatements. OCCU also provides business banking services to support commercial members, including business checking, savings, lending, and merchant services.

Question 6

What makes Oregon Community Credit Union (OCCU) unique?

Accepted Answer

OCCU distinguishes itself through its strong commitment to community investment and member well-being. The OCCU Foundation, established in 2018 as the credit union's philanthropic arm, has donated nearly $3 million in charitable gifts, including approximately $1 million in student scholarships. In 2024 alone, OCCU and the OCCU Foundation sponsored over 2,200 paid employee volunteer hours and donated more than $700,000 to local organizations.

The credit union has received numerous accolades, including recognition as one of Oregon Business Magazine's Top 100 Best Companies to Work for in Oregon, Portland Business Journal's Top 25 Most Admired Companies, and the GoWest Credit Union Association's Employee Experience Award. OCCU maintains strong financial performance with a 10.31% net worth ratio and a loan-to-share ratio of 105.19%, demonstrating robust lending activity.

The credit union's philosophy of "Keeping It Simple" while providing comprehensive services and maintaining its cooperative spirit has remained constant throughout its 67-year history.

Question 7

What type of financial institution is Oregon Community Credit Union (OCCU)?

Accepted Answer

Oregon Community Credit Union is a state-chartered credit union regulated by the state of Oregon and insured by the National Credit Union Administration (NCUA). As a community charter credit union, OCCU has a broad field of membership that includes anyone who lives or works in 28 Oregon counties or anywhere in Washington state.

As a member-owned cooperative financial institution, OCCU operates on a not-for-profit basis, with members serving as the sole owners. The credit union is governed democratically, with member-elected volunteer leadership. After accounting for reserves and operating expenses, profits are returned to members through competitive rates, higher returns, and fewer fees, while also being reinvested to develop new products and services.

Oregon Community Credit Union (OCCU)

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About Oregon Community Credit Union (OCCU) in the United States