Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Rivermark Community CU to close two more branches
BEAVERTON, Ore. (8/23/12)--Rivermark Community CU, Beaverton, Ore., will close two branches this fall, a reflection of growing member adoption of its remote services, the credit union said.

Rivermark Community CU, with $550 million in assets, will close its Clackamas and Newberg branches on Nov. 9. The credit union closed its Salem branch in June.

"Our members like the convenience of online and mobile banking and knowing that it's become an easy, safe and secure option," said Scott Burgess, Rivermark Community CU's president/CEO. "Our decision to close two branches reflects a vision to be a technology-savvy credit union."

In the past year, the number of members using Rivermark's online banking service has increased 34% and its mobile banking service grow 86%. At the same time, the number of in-branch transactions has declined, with 30% of members having visited a Rivermark branch in the past month at some locations.

Rivermark Community CU introduced mobile deposit in March. In five months, more than 9,300 members have deposited more than 31,000 paper checks using their iPhone or Android mobile device, Burgess said.


RSS print
News Now LiveWire
.@CUNA VP of Econ MIke Schenk featured in Money magazine http://t.co/SC6Shv0lDH
18 hours ago
#NewsNow: @CFPB develops tools for student loan debt relief. http://t.co/a6pOReC86F
18 hours ago
Stephanie Smith has been named as the new executive director of America's #CreditUnion Museum. (2 of 2)
20 hours ago
America's #CreditUnion Museum executive director Peggy Powell is stepping down after 15 years. (1 of 2)
20 hours ago
#NewsNow League presidents raise voices for data breach protection http://t.co/zX1UsvsQP6
21 hours ago