Top 10 best credit union in Oregon

If you’re looking for a better way to manage your finances, joining the best credit union in Oregon could be the solution you’ve been searching for. Credit unions are a type of non-profit financial institution owned and controlled by their members, and they offer a range of services designed to help you save money and build wealth.

Credit unions are a great alternative to traditional banks with lower fees, better interest rates, and a focus on serving the local community. In this blog, we’ll look closer at what makes the best credit union in Oregon a smart choice for your finances, and help you find the right one for you.

Top 10 best credit union in Oregon

Whether you’re a native Oregonian or a newcomer seeking a trustworthy place to manage your finances, these top-notch credit unions will surely exceed your expectations. Lets get started.

1. First Tech Federal Credit Union

With its roots dating back to 1952, First Tech Federal Credit Union has grown to become the largest credit union in Oregon. Serving over 620,000 members worldwide, this financial institution offers various services, including checking and savings accounts, loans, and investment products. First Tech is renowned for its cutting-edge digital banking services and impressive interest rates on savings accounts.

Membership eligibility: Employees of select technology companies, members of participating organizations, or those who live or work in Lane County, Oregon.

Pros:

• Largest credit union in Oregon, serving over 620,000 members worldwide
• Offers a wide range of services, including checking and savings accounts, loans, and investment products
• Known for its cutting-edge digital banking services and impressive interest rates on savings accounts

Cons:

• Membership eligibility is limited to employees of select technology companies, members of participating organizations, or those who live or work in Lane County, Oregon
• Fewer physical branch locations compared to some smaller credit unions

2. OnPoint Community Credit Union

As Oregon’s second-largest and best credit union, OnPoint Community Credit Union boasts a rich history dating back to 1932. This member-owned institution offers a comprehensive suite of financial services, including deposit accounts, loans, and insurance products. With a strong focus on community involvement, OnPoint invests in local nonprofits and offers scholarships to students in the region.

Membership eligibility: Anyone who lives or works in one of the 28 Oregon counties served by OnPoint or has a family member who is an existing member.

Pros:

• Second-largest credit union in Oregon with a rich history dating back to 1932
• Offers a comprehensive suite of financial services, including deposit accounts, loans, and insurance products
• Strong focus on community involvement, investing in local nonprofits and offering scholarships to students

Cons:

• Limited to those who live or work in one of the 28 Oregon counties served by OnPoint or have a family member who is an existing member
• Some smaller credit unions may offer more personalized service

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3. Advantis Credit Union

Established in 1928, Advantis Credit Union is committed to providing personalized financial services to over 78,000 members. This Portland-based credit union offers competitive rates on loans, checking and savings accounts, as well as a popular rewards program for its members. Advantis is known for its dedication to financial education, providing free resources to help members achieve their financial goals.

Membership eligibility: Anyone who lives, works, or worships in the Portland metro area or a qualifying Oregon county.

Pros:

• Over 78,000 members served with a commitment to personalized financial services
• Competitive rates on loans, checking and savings accounts, and a popular rewards program for members
• Dedicated to financial education, providing free resources to help members achieve their financial goals

Cons:

• Limited membership eligibility to those who live, work, or worship in the Portland metro area or a qualifying Oregon county
• Fewer branch locations compared to larger credit unions

4. Rogue Credit Union

Founded in 1956, Rogue Credit Union has grown to serve over 150,000 members in Southern Oregon. With a strong commitment to member financial well-being, this credit union offers diverse services, from personal and business accounts to loans and insurance products. Rogue Credit Union is also dedicated to giving back, supporting local nonprofits and initiatives.

Membership eligibility: Anyone who lives, works, or worships in select Oregon counties.

Pros:

• Serving over 150,000 members in Southern Oregon since 1956
• Offers a diverse range of services, from personal and business accounts to loans and insurance products
• Committed to giving back, supporting local nonprofits and initiatives

Cons:

• Membership eligibility limited to those who live, work, or worship in select Oregon counties
• Some members may find its focus on Southern Oregon to be less convenient if they frequently travel or move

5. SELCO Community Credit Union

SELCO Community Credit Union, founded in 1936, serves over 135,000 members in Oregon. This credit union offers a full suite of financial products, including deposit accounts, loans, credit cards, and investment services. SELCO stands out for its commitment to financial education, offering workshops and resources to help members achieve financial success.

Membership eligibility: Anyone who lives or works in one of the 27 Oregon counties served by SELCO.

Pros:

• Founded in 1936, serves over 135,000 members in Oregon
• Offers a full suite of financial products, including deposit accounts, loans, credit cards, and investment services
• Strong commitment to financial education, offering workshops and resources for members

Cons:

• Membership limited to those who live or work in one of the 27 Oregon counties served by SELCO
• May not have as many branch locations or as extensive a range of services as larger credit unions

6. Rivermark Community Credit Union

Established in 1951, Rivermark Community Credit Union serves over 85,000 members in the Portland metro area. This credit union is known for its exceptional customer service and innovative banking solutions, offering a comprehensive range of financial products and services, such as checking and savings accounts, loans, credit cards, and investment options. Rivermark is also deeply committed to supporting its community, with initiatives like financial literacy programs and sponsorships of local events and organizations.

Membership eligibility: Anyone who lives or works in one of the 11 Oregon counties served by Rivermark, or has a family member who is an existing member.

Pros:

• Established in 1951, serves over 85,000 members in the Portland metro area
• Known for exceptional customer service and innovative banking solutions
• Strong focus on community support, including financial literacy programs and local event sponsorships

Cons:

• Membership eligibility limited to those who live or work in one of the 11 Oregon counties served by Rivermark, or have a family member who is an existing member
• Some may find its concentration in the Portland metro area to be less convenient if they live or work outside of that region

7. Unitus Community Credit Union

With a history dating back to 1937, Unitus Community Credit Union serves over 97,000 members in Oregon and Southwest Washington. This credit union offers a wide variety of financial products, such as checking and savings accounts, loans, credit cards, and wealth management services. Unitus is known for its focus on financial education and community involvement, supporting local nonprofit organizations and events.

Membership eligibility: Anyone who lives or works in one of the 15 Oregon counties or two Washington counties served by Unitus.

Pros:

• Serving over 97,000 members in Oregon and Southwest Washington since 1937
• Offers a wide variety of financial products, such as checking and savings accounts, loans, credit cards, and wealth management services
• Known for its focus on financial education and community involvement, supporting local nonprofit organizations and events

Cons:

• Membership eligibility limited to those who live or work in one of the 15 Oregon counties or two Washington counties served by Unitus
• Some members may prefer a credit union with a more localized focus or a greater number of branch locations

8. Oregon Community Credit Union

Oregon Community Credit Union, founded in 1981, serves over 160,000 members in the state of Oregon. This credit union offers a full range of financial services, including deposit accounts, loans, credit cards, and insurance products. Oregon Community Credit Union is committed to supporting its members with financial education resources and giving back to the community through various philanthropic initiatives.

Membership eligibility: Anyone who lives or works in one of the 28 Oregon counties served by Oregon Community Credit Union.

Pros:

• Founded in 1981, serves over 160,000 members in the state of Oregon
• Offers a full range of financial services, including deposit accounts, loans, credit cards, and insurance products
• Committed to supporting its members with financial education resources and giving back to the community through various philanthropic initiatives

Cons:

• Membership limited to those who live or work in one of the 28 Oregon counties served by Oregon Community Credit Union
• Larger size may result in less personalized service compared to smaller credit unions

9. Clackamas Federal Credit Union

Established in 1957, Clackamas Federal Credit Union serves over 35,000 members in Clackamas County, Oregon. This credit union provides a wide range of financial services, such as checking and savings accounts, loans, and credit cards. Clackamas Federal Credit Union is dedicated to enriching the lives of its members and the community, offering financial education resources and supporting local nonprofits and events.

Membership eligibility: Anyone who lives, works, worships, or attends school in Clackamas County, Oregon.

Pros:

• Established in 1957, serves over 35,000 members in Clackamas County, Oregon
• Provides a wide range of financial services, such as checking and savings accounts, loans, and credit cards
• Dedicated to enriching the lives of its members and the community, offering financial education resources and supporting local nonprofits and events

Cons:

• Membership eligibility restricted to those who live, work, worship, or attend school in Clackamas County, Oregon
• Smaller membership base may mean fewer branch locations and a more limited range of services compared to larger credit unions

10. Maps Credit Union

Founded in 1935, Maps Credit Union serves over 66,000 members in the Willamette Valley region of Oregon. This credit union offers a comprehensive suite of financial products and services, including deposit accounts, loans, credit cards, and investment services. Maps is committed to improving the financial well-being of its members, providing educational resources and financial counseling services.

Membership eligibility: Anyone who lives, works, worships, or attends school in one of the nine Oregon counties served by Maps Credit Union.

Pros:

• Founded in 1935, serves over 66,000 members in the Willamette Valley region of Oregon
• Offers a comprehensive suite of financial products and services, including deposit accounts, loans, credit cards, and investment services
• Committed to improving the financial well-being of its members, providing educational resources and financial counseling services

Cons:

• Membership limited to those who live, work, worship, or attend school in one of the nine Oregon counties served by Maps Credit Union
• Some members may prefer a larger credit union with a more extensive range of services and branch locations

The Benefits of Banking with the Best Credit Union in Oregon

These member-owned financial institutions offer a wealth of advantages over traditional banks, focusing on personalized service, competitive rates, and community involvement. Below is the benefits of banking with the best credit unions in Oregon and why you should consider joining one today.

• Member-Owned and Focused

One of the most significant benefits of banking with a credit union in Oregon is that these institutions are member-owned and operated. This means that as a member, you have a say in how the credit union is run, and its primary focus is to serve you and your fellow members. The profits generated by a credit union are returned to its members in the form of lower fees, better interest rates, and improved services.

• Competitive Rates

Credit unions are known for offering competitive rates on loans, savings accounts, and other financial products. As they are not-for-profit institutions, credit unions can often provide lower interest rates on loans and higher interest rates on savings accounts than traditional banks. This can help you save money on interest payments and maximize your savings over time.

• Personalized Service

Another significant advantage of banking with a credit union in Oregon is the personalized service you’ll receive. Credit unions are typically smaller and more community-focused than larger banks, which means they can offer more personalized attention to their members. This can lead to a better understanding of your financial needs and tailored solutions to help you achieve your financial goals.

• Lower Fees

Credit unions generally have lower fees than traditional banks. This includes lower overdraft, ATM, and account maintenance fees, among others. Lower fees can help you save money and make your banking experience more enjoyable.

• Community Involvement

Credit unions in Oregon are deeply committed to the communities they serve. Many credit unions invest in local nonprofits, support educational programs, and sponsor community events. By banking with a credit union, you’re receiving great financial services and contributing to the well-being of your local community.

• Financial Education and Resources

Many credit unions in Oregon are dedicated to helping their members improve their financial literacy. They often offer free financial education workshops, online resources, and personalized financial counseling services. These resources can help you develop the skills and knowledge needed to make informed financial decisions and achieve your goals.

• Membership Perks and Rewards

Some credit unions in Oregon offer exclusive perks and rewards to their members, such as cashback on debit card purchases, discounted loan rates, or special savings account rates. These benefits can add value to your banking experience and help you make the most of your membership.

Conclusion

Oregon is home to a variety of top-notch credit unions that cater to the diverse needs of its residents. These financial institutions offer competitive rates, personalized service, and a strong focus on community involvement. As you consider which credit union is the best fit for you, take the time to compare the various products, services, and membership requirements, as well as each institution’s commitment to supporting its members and the community. By doing so, you’ll be well on your way to finding the perfect financial partner in the Beaver State.

FAQS

Here are answers to frequently asked questions about the top 10 best credit unions in Oregon: