Central Oregon’s Mid Oregon Credit Union, headquartered in Bend, just reached another major milestone. At the first quarter of 2017 Mid Oregon Credit Union announced that its assets surpassed $250 million for the first time since establishment in 1957.
Growth With Addition of Two New Branches
The credit union has pursued an aggressive growth strategy with the addition of a new La Pine branch in June 2016 and a Sisters location opening in the next few weeks. To support continued growth, we have invested in the purchase of an administrative office building in mid-2016. We have experienced strong growth and increased market share in deposits and loans, just recently recognized for 100,000 loans to members since inception.
“This major milestone reflects the strength and stability of our financial institution and the strength of the Central Oregon economy,” explained Bill Anderson, President/CEO. “We work hard to build relationships and trust with our members and our community. Our single focused commitment to Central Oregon sets us apart from other financial institutions. People are interested in Mid Oregon Credit Union as a preferred local provider for financial services.”
Competitive Rates Driving Membership & Loan Growth
Financial reports for Mid Oregon indicate that our members have been attracted by the institution’s competitive loan rates, particularly those associated with vehicle loans, Visa credit and commercial lending.
“We are seeing very strong membership growth and the associated deposits, lending and checking accounts.” said Kyle Frick, VP Marketing. “Products and services like Simply Free Checking, mobile deposit, debit card security app (CardNav), and Home Equity loans and Lines of Credit are helping members with more convenient access to their accounts, saving time and money.”
Mid Oregon Credit Union is a full-service, member-owned, financial cooperative that has served Central Oregonians since 1957. With well over 26,000 members in Deschutes, Jefferson, Crook, Wheeler, Lake, and North Klamath Counties, Mid Oregon Credit Union is helping members meet their financial needs and dreams. For more information about Mid Oregon Credit Union services and branch locations in Bend, Redmond, Madras, Prineville, La Pine and Sisters, please visit www.midoregon.com.
From Mid Oregon Press Release dated 3/7/17
Other Recent Mid Oregon Milestones
- Mid Oregon Surpasses 100,000 Loans Since Inception
- 2016 A Growth Year For Mid Oregon
- Mid Oregon Credit Union Celebrates 59 Years
- Celebrating 12 Years of Adopt-a-Bear– Starting the 13th year on April 3rd!
- Mid Oregon Receives Approval for Expansion