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Mid Oregon Credit Union Achieves $200 Million Asset Milestone
Bill Anderson, President/CEO of Mid Oregon Credit Union, announced assets exceeded $200 million for the first time since establishment in 1957. Previous milestones of $100 million in deposits (2009) and $100 million in loans (2011) show a consistent growth trend. Mid Oregon Credit Union achieves $200 Million asset milestone threshold in Central Oregon.
“This major milestone reflects the strength and stability of our financial institution as well our continued growth,” explained Anderson. “We work hard to build relationships and trust with our members and our community. Our continued commitment to Central Oregon sets us apart from other financial institutions. People are interested in Mid Oregon Credit Union as a preferred choice for financial services.”
“We are seeing positive member growth in deposits, lending and checking accounts” said Kyle Frick, VP Marketing. “Products and services like mobile deposit, debit card security app (CardNav), and Home Energy Trust efficiency loans are helping members with more convenient access to their accounts, saving time and money.”
Deposits are insured to at least $250,000 through NCUA (National Credit Union Administration) and NCUSIF (National Credit Union Share Insurance Fund), the equivalent of FDIC insurance.
Mid Oregon Credit Union is a full-service, member-owned, financial cooperative that has served Central Oregonians for 58 years. With over 24,000 members in Deschutes, Jefferson and Crook counties, Mid Oregon Credit Union is helping meet member needs and achieve financial dreams. For more information about Mid Oregon Credit Union, their services and branch locations in Bend, Redmond, Prineville, Madras and La Pine Lending Center, please visit www.midoregon.com or call 541-382-1795.
Elk Meadow Awarded “One Class at a Time”
Click image to view the presentation segment video
KTVZ’s Bob Shaw and Mid Oregon’s Kyle Frick visited Elk Meadow this week to give out this month’s “One Class at a Time” award. Teacher Peggy Frede was awarded $500 for her music program as her students looked on during a class period. Nominated by an Elk Meadow parent, the money will be used for purchasing risers and a sound system for the music program. Elk Meadow Awarded “One Class at a Time”.
One Class at a Time is a joint effort between News Channel 21 and Mid Oregon Credit Union to help fulfill needs of area schools across Central Oregon. The campaign will award $5,000 in 2015 by identifying and funding applications for ten $500 classroom projects in the Central Oregon school districts in Deschutes, Jefferson and Crook Counties.
Visit the KTVZ One Class at a Time webpage for more details, contest rules and the nominating form.
Meet the Banking Leaders of Central Oregon- Mid Oregon Credit Union
Meet the Banking Leaders of Central Oregon- Mid Oregon Credit Union
POSTED ON CASCADE BUSINESS NEWS ONLINE (CASCADEBUSNEWS.COM) BY GREGG MORRIS ON MAY 12, 2015
Over the last decade, Central Oregon has grown in both population and number of businesses. As Bend and its outlying areas continues to expand, banks and lending institutions have adapted to meet the needs of the community. For the future, local banks and credit unions see a positive trend in our economy that is allowing the institutions to take a more active role in lending as well as all other facets of banking.
Mid Oregon Credit Union
Bill Anderson, President/CEO
In 1957, eight school employees started Mid-Oregon Credit Union with a need for cooperative financial service for themselves and their co-workers. Today, Mid-Oregon is a $200 million credit union that has six locations and 75 employees providing financial services to over 24,000 members throughout Central Oregon.
Their membership is open to all persons who live, work, worship or attend school in Central Oregon. Mid Oregon partners with such local organizations as EDCO, OSU Cascades, COCC, Healthy Beginnings, The High Desert Museum, FAN, school districts, Rotary, Chambers of Commerce, Better Together and United Way to strengthen the Central Oregon economy.
Mid-Oregon’s President and CEO, Bill Anderson sees technology, security and banking flexibility as the heart of Central Oregon banking future. Technology will bring personal convenience, while security provides peace of mind. Chip cards, or EMV, incorporate additional security to credit cards, and CardNav applications provide increased control over credit and debit cards though cell phone apps. In addition, new payment systems, such as Apple Pay. integrate your accounts with your cell phone provider.
“There is and will continue to be the need to push for regulatory and legislative support for data breach legislation that holds all parties, including merchants, to high standards for protecting consumer information,” says Anderson.
Credit unions have watched consolidations amongst large banks provide efficiency for the financial institutions, but also limit the choices for consumers. Anderson also sees an improved economy leading to increased lending. Consumers feeling more secure with employment, property values, and market returns will, in turn, invest in newer cars, upgraded homes, and other financial needs, such as education.
Read the rest of the article on Cascade Business News Online read more…