Central Willamette Credit Union is headquartered in Albany and is the 13th largest credit union in the state of Oregon. It is also the 709th largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 121 employees and 34,735 members at 9 locations. Central Willamette Credit Union's CD rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Central Willamette Credit Union is open to those who live in the Oregon counties of Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry, Deschutes, Douglas, Hood River, Jackson, Jefferson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Multnomah, Polk, Shermer, Tillamook, Wasco, Washington, or Yamhill. Family members of an existing CWCU member also qualify for membership.
See current membership details
Nobody Accepts Responsibility
On Thursday I mistakenly made a payment to American Express from my personal account.
I was notified Friday morning and called immediately. I talked with a representative. They said that American Express had already been paid. So, I drove to the credit union and gave a check from my Business account to cover the over draft, by 10am.
I was told this would take care of it and the overdraft charge was removed. Thank you.
Then I get an e-mail saying my account was locked and we can't by groceries. I called WCU and was told to call the debt collection service, because they are the only ones that can help.
I called the debt collection at 4:00pm and they are closed, won't open until Saturday... still no groceries.
On Saturday at 7:00, I called the debt collection agency and was told they have no account of my record.
I still don't have access to my funds.
Now I am being told to call a third number (doesn't answer) to unblock my Central Willamette Credit Union Checking account.
It was not overdrawn, I submitted the funds as soon as I was notified. I discussed this with an Agent at Central Willamette and my account is STILL FUBAR.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62665 |
| Year Chartered | 1955 |
| Employees | 121 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 13.01% |
| Annual Interest Income | $10.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $518.2MM$508.8MM |
| Loans | Q2 2023vs Q2 2022 | $382.1MM$320.4MM |
| Deposits | Q2 2023vs Q2 2022 | $448.8MM$440.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $38.3MM$35.3MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.6MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.4MM$1.6MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |