Five Local Credit Unions that Started Small But Aimed Big

Looking to leave the big banks for locally-raised credit union? Here are the options.

By Kate Goodling January 5, 2015 Published in the January 2015 issue of Portland Monthly

1) OnPoint Community

Founded in 1932 by 16 schoolteachers, OnPoint is Oregon’s largest credit union.

  • Members: 272,000+
  • Assets: $3.6B
  • Bonus! Mortgages designed for first-time buyers offer 100 percent financing and a 30-year fixed rate.

2) Advantis

A merger of one credit union formed by power-company employees in the 1920s and another formed by City of Portland employees in the 1930s, Advantis is now open to residents of 23 Oregon counties and Washingtonians.

  • Members: 56,000+
  • Assets: $1.1B
  • Bonus! The Advantis Rehab Mortgage covers the cost of improvements as well as the home purchase or refinance. 

3) Rivermark

Founded in 1951 by 140 Safeway employees

  • Members: 68,000+
  • Assets: $600M
  • Bonus! The Hawthorne branch was built with eco-friendly materials, and 78 percent of construction waste was recycled.

4) Point West 

Founded in 1932 by seven Multnomah County employees

  • Members: 9,300+
  • Assets: $93M
  • Bonus! Boasts that one-third of its staff is bilingual

5) Trailhead

Founded in 1935 by 11 Portland Gas & Coke employees, Trailhead rebranded in 2012, aiming to attract youthful urbanites. 

  • Members: 7,000+
  • Assets: $95M
  • Bonus! Unusually, offers mortgages for houseboats
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