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Inner Southeast once again has a credit union

by: RITA A. LEONARD - Branch Manager Kevin Kelly and Assistant Manager Tara Cunningham head the staff of the new OnPoint Credit Union Branch, at Tacoma and S.E. 13th in Sellwood. A few months ago, MAX construction on S.E. 17th uprooted the only credit union left in Inner Southeast, “Advantis” – which was an amalgamation of two other Inner Southeast credit unions, Elektra Credit Union and Rose City of Oregon Federal Credit Union. Now, a credit union has returned to Inner Southeast, but it is a different one – OnPoint.

A neighborhood branch of OnPoint Community Credit Union, formerly known as the Portland Teachers Credit Union, has opened at 8085 S.E. 13th Avenue, at Tacoma Street, in Sellwood.

Assistant Manager Tara Cunningham told THE BEE that the Grand Opening celebration on September 29th produced a big turnout. “Many people came in just to shake our hands and thank us for coming to Sellwood. We were really touched by the welcome,” she said. Branch Manager Kevin Kelly says that the branch has seven employees, including tellers, managers, and an on-site mortgage loan officer. Parking is available behind the building, just off Tacoma, along with an ATM machine.

OnPoint offers checking, savings, credit cards, business loans, merchant services, and assistance with mortgages and investments for its members. The Sellwood site is their 22nd branch.

OnPoint was founded eighty years ago by a group of sixteen teachers, with a $576 investment. Commerce High School (now Cleveland High) Business teacher Hugh Stout managed the credit union until 1962, when it had nearly 9,000 members and $5 million in assets.

Today, there are 246,000 members and $3 billion in assets. OnPoint is now the largest credit union based in Oregon – with branches in Bend and even Vancouver, Washington.

Although originally membership in the credit union was restricted to educators, under loosened rules now membership is offered to anyone who lives or works in its 15-county service area.