Credit unions manage growth

Credit unions – particularly one in Bend – take fewer recession hits than others in the industry.

Share this article!

While Oregon’s banks are receiving government funds to stay in the game, the state’s credit unions are managing to survive with less trouble.

Bend-based Mid Oregon Credit Union is doing particularly well, and has even seen a growth in membership.

While two of 82 credit unions operating in the state received the lowest rating recently from Florida-based financial analyst Bauer Financial, eight of the 64 banks listed received a rating of zero stars on a five-star scale.

A handful of credit unions have operations in Central Oregon, but Mid Oregon Credit Union is the only one based in Bend. It began in 1957, serving strictly teachers, and through the years added other public employees, said Bill Anderson, president and CEO.

Read the full story at The Bulletin.

{biztweet}Mid Oregon Credit Union{/biztweet}