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News Now

CU System
Oregon, Washington CUs Commit To Financial Ed
BEAVERTON, Ore. (4/24/13)--While National Credit Union Youth Week celebrates youth and savings, it also is a time to recognize credit unions for their year-round activities in providing financial literacy assistance to America's youth. Providing financial literacy education is part of everyday business for many Oregon and Washington credit unions.

Oregon and Washington credit union educators are highly regarded resources for teachers and community organizations trying to fill the gaps between the state education requirements, and the needs of students, said the Northwest Credit Union Association.

For example, in Oregon, Corvallis-based OSU FCU shared financial education with nearly 14,000 students last year. Educators from SELCO Community CU in Eugene reached 7,000 students. Also in Eugene, Oregon Community CU contributed $114,000 in financial outreach grants and scholarships last year. Portland-based OnPoint Community CU contributed $2.3 million to local schools and nonprofits in 2012 and provided free financial counseling to students and adults.

In Washington, TwinStar CU, Lacey, educated 4,159 students through financial education outreach last year. Kitsap CU, Bremerton, taught more than 3,000 students. Spokane Teachers CU, Liberty Lake, also helped more than 3,000 teens, young adults and college students improve their money-management skills.

Spokane, Wash.-based Horizon CU won a national award for its "Piggy Bank Hunt," a financial literacy treasure hunt for middle school students last year. Its model has been adapted nationally.

At least five Oregon credit unions have branches located inside schools. They are:

  • Marion and Polk Schools CU, Salem;
  • Northwest Community, Eugene;
  • Rogue FCU, Medford;
  • SELCO Community CU, and;
  • St. Helens (Ore.) Community CU.
At least eight Washington credit unions have in-school branches at Washington high schools. They are:

  • Gesa CU, Richland;
  • iQ CU, Vancouver;
  • Kitsap CU;
  • Sno Falls CU, Snoqualmie;
  • Solarity CU, Yakima;
  • TwinStar CU; and
  • White River CU, Enumclaw.
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