CLOSED-Downtown Portland Branch

Downtown Portland branch is closed as of Friday, Feb. 27th, 2015

With deep regrets we are announcing the permanent closure of the Downtown Portland (1437 SW Broadway) branch, which has been in operation since 1960. The last day it will be open is Friday, February 27, 2015.

The decision to close the branch was not taken lightly. For years the majority of the members that regularly used this branch were employees of the Oregonian Publishing Company.  As this company has downsized and relocated away from the branch, transaction volume, number of loans made and new member growth at this location have greatly declined. In fact, at the time of the merger almost ten years ago which created Oregonians Credit Union, this branch was the busiest branch in our system of branches. It now has the lowest transaction volume of our eight branches. With such low volume, which is projected to continue its decline, this branch is no longer able to support the operating costs that go along with running a branch.

A decline in branch transaction volume is being experienced at most credit union and bank branches.  This is due to the acceptance of online and mobile banking. There is also the increase in direct deposit of paychecks and retirement funds and the broader use of bill pay systems and debit card transactions. OFCU members now apply for half of the loans they request by using our online systems. People just do not have the need to frequent branches like they used to. Experts predict that financial institutions will significantly reduce their branch networks and shrink the square footage of existing branches over the next decade.

We remind you that we offer many ways to access your accounts in the Portland area.

We have 6 other branches in the Portland Metro area. Closest to downtown are:

Our other branches are in Milwaukie, Gresham, Oregon City and Beaverton. All OFCU members can use any of our branches regardless of where they opened their membership or where they frequent the most.

We belong to the Co-Op Shared Branching Network:

You may access your Oregonians account at the following locations that are just a few blocks away from this branch:

  • Unitus CU: 1300 SW 6th Ave.
  • TwinStar CU: 1510 SW 6th Ave.

There are dozens of other shared branch locations in the area. Click here to view them.

We also have convenient and free electronic services available:

If you have any questions about how to continue to use your Oregonians CU account, please give us a call at 503.239.5336 or email us at memberservices@ofcu.com.