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Portland Local No 8 Credit Union

Overview
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Portland Local No 8 Credit Union is a federal credit union based in Portland, Oregon. It has been opened since 1954, for 66 years.

With around $35,190,000 in assets, Portland Local No 8 Credit Union is considered to be an average size credit union. It has 1 branches and 1 ATM locations.

About
Address 2435 NW Front Avenue Suite A.
Portland, Oregon 97209
Website http://www.pdx8fcu.com
Phone (503) 223-9306
Fax (503) 223-2651
CEO Jaimie Garver
President of the Board Roderick O'Hearn
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
2,221 members
Membership type: Multiple common bond – other
Below average number of members
278:1
Credit union member to staff ratio
278 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$35,186,940
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 5 in Oregon
Average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 5 in Oregon
Average number of branches
Portland Local No 8 Credit Union Branch Locations

Portland Local No 8 Credit Union: Front Avenue
2435 NW Front Avenue Suite A.
Portland, Oregon 97209
ATM Available
Members
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2,221 members
Membership type: Multiple common bond – other
Below average number of members

With 2,221 members, the Portland Local No 8 Credit Union is considered to be a small credit union. It is smaller than 62% of credit unions.

Fees
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$56
Average fee per member
The average fee per member at the Portland Local No 8 Credit Union is $56, which is comparable to most credit unions. This rate is lower than 44% of all credit unions.
Fees are average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Portland Local No 8 Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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278:1
Credit union member to staff ratio
278 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
8 staff members
FTE (full-time equivalent)
0% of employees are part-time
8 full-time, 0 part-time

Portland Local No 8 Credit Union has 8 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Portland Local No 8 Credit Union has around 278 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$35,186,940
Total assets
Average size
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
10.4%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$10,198
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 51% of credit unions.

Portland Local No 8 Credit Union holds a total of $22,500,000 in loans and leases, which is about $10,198 per member on average.

Savings interest rate
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0.15%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Portland Local No 8 Credit Union pays 0.15%.

Loan rates
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9.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.59%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.61%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.47%
New car loan rate
Compared to 4.0% nationally
7.61%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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6.76%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.89%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
9.00%
Other real estate loan rates
Compared to 0.9% nationally
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