In late December and early January, three more credit unions announced their end of 2011 member rewards. Two CUs thanked their members with a bonus dividend payout and loan rebate, and one said it awarded members by saving them $10 million in loan payments throughout its history.
The $200 million Clackamas Federal Credit Union of Milwaukie, Ore. lent out its one billionth dollar in 2011 and estimates that since it was founded in 1957, it has saved members $10 million in loan payments by keeping them from traditional bank loans.
Clackamas FCU lent its one billionth dollar to longtime members Jeffery and Melinda Brown of Milwaukie, who have acquired several loans through the credit union. To mark the milestone, the credit union presented the Browns with a new iPad2.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
