Portland Credit Unions Help Consumers Join by Cooperating, not Competing

FOR IMMEDIATE RELEASE:
October 18, 2011

CONTACT:
Lynn Heider
(503) 350-2225
(503) 358-0773 (mobile)
lheider@nwcua.org
Join us at Pioneer Square Thursday, International Credit Union Day

PORTLAND, OREGON–Northwest credit unions are reporting an influx of new members who are trying to escape higher bank fees charged for debit cards and checking accounts—services most credit unions provide free.  Seven hundred new members signed up to join a Northwest credit union last Wednesday alone.  At many of our credit unions, membership traffic is up 20-25 percent over this time last year.  

Northwest credit unions invite consumers to occupy their wallets.  Oregonians could save an average of at least $100 per year by choosing the credit union alternative.

Representatives of several local credit unions will converge at Pioneer Square Thursday afternoon from 4:00 p.m. – 5:00 p.m. to play match-maker, helping interested consumers find the credit union that’s right for them.  For those who are frustrated trying to transfer their accounts, the unified credit unions of metro Portland will provide helpful information.

As not-for-profit, member owned cooperatives; credit unions don’t pay a board of directors or stockholder dividends. That means lower interest loans and better service for members.  Credit unions are also invested in local communities, helping to fund children’s hospitals and financial literacy programs.

The credit union community’s joint event honors the 30th annual International Credit Union Day celebration.  “Credit Unions Build a Better World” is the theme this year.  Oregon Governor John Kitzhaber has also issued a proclamation declaring October 20th to be Credit Union Day in Oregon.

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The Northwest Credit Union Association is the not-for-profit trade association serving Oregon and Washington’s 192 credit unions and their nearly four million members. The Association is the voice of the Northwest credit union movement, providing legislative, regulatory and public advocacy in addition to training, compliance, networking support and business solutions to its members. For information on how to join a credit union, please visit www.asmarterchoice.org.

Click here to download a copy of the press release.

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