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.
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