Mid Oregon Credit Union assets top $300 million

Mid Oregon Credit Union announced Wednesday that its assets have grown to exceed $300 million for the first time, as of June 30.

The credit union, which is the only financial institution headquartered in Central Oregon, cited a healthy economy, strong lending demand and a focused growth strategy for the accomplishment.

Here’s the rest of their news release:

“The Mid Oregon Executive Team has been preparing our team for smart growth for the past several years,” says Bill Anderson, Mid Oregon CEO. “By establishing and maintaining our focus on our Key Results–including growth in membership and overall member relationships–our entire team has worked together to consistently exceed our growth goals while maintaining our high standards for member service and convenience.”

Mid Oregon achieved the $200-million-asset milestone in May of 2015, and crossed over $100 million in assets in July of 2006. The institution currently has more than 31,000 members in its service area encompassing Central Oregon. The institution has also granted more than $1 billion in loans since its inception in 1957.

Recent events have contributed to the increase in Mid Oregon’s growth rate, including introducing its Simply Free checking account for both individuals and businesses, rolling out a revamped Mobile Banking app, opening a full-service branch in Sisters, and most recently, the acquisition of the assets and accounts of High Desert Bank in June.

Mid Oregon Credit Union is a full-service, member-owned financial cooperative headquartered in and serving Central Oregonians since 1957. With more than 31,000 members in Deschutes, Jefferson, Crook, Wheeler, Lake, and North Klamath Counties, Mid Oregon Credit Union partners with our members to help them achieve their financial dreams. For more information about our services and branch locations in Bend, Redmond, Madras, Prineville, La Pine and Sisters, please visit https://www.midoregon.com .