News and Notes: Here’s What’s Happening in Northwest Credit Unions
April 10, 2017
Cheney FCU Breaks Ground
Shovels turned in Cheney, Washington on April 3rd, breaking ground on the second location for growing Cheney Federal Credit Union (CFCU). By September, the first branch beyond CFCU’s headquarters, will open at 10611 W. Westbow.
CFCU’s field of membership expanded in 2013 to include consumers who live, work, worship, or attend school in Cheney and in the Medical Lake school district. The new full service branch will offer two ATMs, accessible 24 hours a day.
“The mission of CFCU is to offer members financial services that fulfil their needs, service that exceeds their expectations and relationships that inspire their trust,” said JoAn Sanders. CEO. “The construction of the branch at Westbow will contribute to CFCU’s commitment to be, “Here for You. “
The $94 million asset sized CFCU has just over 5,000 members.
Nearly 500 High School Students Smarter about Money, Thanks to Oregon State CU
In partnership with Willamette Education Service District, Corvallis based Oregon State Credit Union facilitated three Financial Reality Fairs in February. According to Community Education Director Amanda Brenneman-Brown, 492 students participated.
They left smarter.
At Forest Grove High School, 157 students questioned before the event said they did not use a budget. Afterwards, all but 15 committed to using a budget, a 90 percent improvement. A 79 percent improvement was recorded for the question, “Why is a credit score important?”
Juniors at Stayton High School were most favorably impacted by the exercise, with all but one of the 126 participants saying they better understood budgeting and credit scores afterwards.
“Looking ahead at independent living can be exciting and nerve wracking for young people,” said Brenneman-Brown. “Oregon State Credit Union is thrilled to have helped over 500 young people better understand what it means to live on their own so they can start preparing for the big day sooner rather than later.”
Posted in Around the NW.