Consumers Line Up for Opening of Clackamas FCU’s Sandy Branch
November 28, 2011
November 29, 2011
In the first week of business at the new Sandy, Ore., branch of Clackamas Federal Credit Union, 133 new member accounts were opened. On the morning the branch first opened its doors, consumers were outside waiting in line.
It is the only credit union to located a branch in Sandy, a commercial center for the rural area serving nearly 10,000 residents and thousands of visitors to Mt. Hood.
Calling the response “amazing,” Clackamas FCU president and CEO Diann Owen said it exceeded even the expectations of the experienced planning team that has worked to locate the credit union in Sandy. Owen noted that additional office furniture was temporarily brought in to assist new members.
The Sandy branch is the sixth location for Clackamas FCU.
Owen said the current economic climate and “Move your Money” initiative is driving a positive interest in credit union memberships across the board.
“It’s a great time to tell people how credit unions are different than banks and to promote the credit union movement,” she said.
By January, the credit union, located at 37077 Highway 26, will offer a drive-up ATM, which will be part of the nationwide network of 28,000 ATMs offering service to credit union members without a surcharge. Its location is significant, as it will be the last ATM available to skiers and other recreationists on the way up to Mt. Hood, and the first opportunity to get cash as they return to the Portland area.
Several Sandy-area businesses already benefitted from member business loans granted by Clackamas FCU, so Owen said opening a branch in their community was a natural. She noted the city of Sandy and the residents have been “so welcoming.”
Sandy Mayor Bill King joined several Clackamas FCU board members in cutting the ribbon on the new branch on Nov. 15. By the time business opened the next morning, new members were waiting.
The new members took advantage of other credit union programs as well. By the close of business Nov. 26, the new branch had already funded 25 consumer loans totaling more than $135,000 and two new business loans totaling $188,000.
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