OnPoint Community Credit Union
| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1932 |
| Headquarters | Portland , United States |
Area served | Oregon and Southwest Washington (30-county service region) |
| Products | Financial services |
OnPoint Community Credit Union (commonly known as OnPoint) is a United States-based credit union with its main office located in Portland, Oregon. It maintains a network of 55 branches throughout Oregon and Washington, overseeing assets totaling $9.4 billion and catering to a membership exceeding 503,000 individuals.
Membership
As a member-owned and governed institution, OnPoint restricts membership to those residing or employed within its designated 30-county service region encompassing Oregon and Southwest Washington.
History
Originally established in 1932 under the name Portland Teacher's Credit Union by a group of 16 educators from Portland Public Schools, OnPoint has undergone considerable growth. In 2003, it aimed to merge with Oregon Community Credit Union, which would have represented the largest credit union merger at that time. Although the boards and regulators gave their consent, the merger was ultimately abandoned in 2004 due to differing views on product offerings and operational systems, as well as apprehensions regarding executive pay.
The credit union broadened its membership eligibility in 2005 by securing a community charter that included Oregon and Southwest Washington, simultaneously adopting the OnPoint Community Credit Union name.
In 2021, OnPoint enhanced its presence by collaborating with retailer Fred Meyer to establish branches within 20 of their stores across the Portland metro area, thereby improving accessibility for members and expanding market penetration.