In downtown Portland, a 17,000-square-foot space will soon be occupied by the state’s largest and one of its oldest credit unions, OnPoint Community Credit Union.
OnPoint’s expansion into downtown is a deviation from the growing trend of financial institutions moving out of urban centers here and across the state. According to a recent news release, a lease has been signed by the credit union for the location 707 S.W. Washington Street with an opening scheduled near the end of the year.
Originating in 1932 as the Portland Teachers Credit Union, OnPoint Community Credit Union has expanded across Oregon and Washington with over 50 branches in operation.
Enterprises such as banks and credit unions have many uses for printed materials including Promotional Products supplied by their local Print shops.
OnPoint’s plan to move into downtown is going against a local trend of financial institutions leaving the city central business districts. Last year U.S. Band chose to not renew its U.S. Bancorp Tower lease, choosing instead to relocate the majority of its corporate workers to a Gresham site. Similarly in October of 2024, it was announced by Wells Fargo that by the end of this year it would close its offices in Portland, Hillsboro and Salem.
The largest credit union in Oregon, OnPoint has 594,000 members and holds $9.7 billion in assets. In addition to its banking businesses, the new location will house the offices of the credit union’s commercial, small business and nonprofit banking teams.
Get a Free Quote for Promotional Products Get a Free Quote for Print
