Thirteen Northwest Credit Unions Receive Over $120k in NCUA Grants

In its latest round of grants for low-income credit unions, the NCUA awarded 13 Northwest credit unions with funds. In total, Northwest credit unions were awarded $123,300.

North Coast Credit Union, which received $10,000 for digital growth, plans to create an online account opening system in order to better reach those who lack access to affordable, reliable financial services.

“We are excited to use this money from the NCUA to expand access to financial services in underserved communties,” said Terry Belcoe, President and CEO of North Coast Credit Union. “By creating an online account opening system, we will not only make it easier for those in rural areas and other under-banked and unbanked communities to access affordable financial services, but also enable us to take the account opening process and our planned Financial Empowerment Center directly to clients, where they live or receive essential financial literacy coaching. North Coast is committed to expanding access to financial services and financial education, and this grant gives us yet another tool to fulfill that mission.”

  • Lighthouse Community Credit Union received $5,000 for digital growth
  • Central Willamette Credit Union received $10,000 for digital growth
  • Fibre Federal Credit Union received $7,500 for fraud prevention and cybersecurity
  • Food Industries Credit Union received $10,000 for new products and services
  • Great NorthWest Federal Credit Union received $6,300 for fraud prevention and cybersecurity
  • Newrizons Federal Credit Union received $7,500 for fraud prevention and cybersecurity
  • North Coast Credit Union received $10,000 for digital growth
  • Pacific Crest Federal Credit Union received $5,500 for fraud prevention and cybersecurity
  • Rivermark Community Credit Union received $10,000 for digital growth
  • SELCO Community Credit Union received $10,000 for digital growth
  • Trailhead Credit Union received $10,000 for digital growth
  • Wauna Credit Union received $24,000 for building capacity and growth
  • Whatcom Educational Credit Union received $7,500 for fraud prevention and cybersecurit

“Northwest credit unions are doing an excellent job at directing federal dollars available through the NCUA towards serving local communities,” said John Trull, AVP of Regulatory Affairs for the Northwest Credit Union Association. “Their use of these grants to serve underserved communities in the Northwest further cements the place of credit unions as the best financial and community partners for the people of Oregon and Washington.”

Questions about this story? Contact James Pearson: 206.340.4790, jpearson@nwcua.org.

Posted in Federal, NCUA.