Oregon credit unions getting boost in new accounts


Oregon credit unions and small banks saw a major surge in new members and accounts last month.

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Oregon credit unions and small banks saw a major surge in new members and accounts last month.

But it’s not clear whether the consumer migration from big banks will persist beyond Saturday’s national Bank Transfer Day or pose much of a problem for large institutions, analysts and observers say. 

Ten of the 15 largest credit unions based in Oregon took in roughly twice as many new members in October as the same month a year ago, a survey by The Oregonian found. 

Community banks in Oregon also reported an increase in new deposits and checking accounts, though the jump is not as sharp, based on a survey by the Oregon Bankers Association. 

Read more at OregonLive.com.

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