A third Portland area credit union, the $901 million Unitus Community, is now recipient of $250,000 in public funds under the city's new Responsible Banking policy advanced by Mayor Sam Adams.
Both the $904 million Advantis CU of Milwaukie and the $3.1 billion OnPoint Community had earlier received the $250,000 and numbered among 11 banks and credit unions awarded the funds under the social policy initiative.
The city had said it would be liquidating $2.5 million of an $800 million stake in U.S. Treasuries and other securities to deposit the funds.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
