$10 Million in Member Savings

In 2011 we reached a major milestone by lending out our one billionth dollar. By loaning $1 billion, we estimate we’ve saved members $10 million in loan payments had they borrowed from traditional banks.

The one billionth dollar was lent to longtime members Jeffery and Melinda Brown of Milwaukie, Ore., who have had several loans with the credit union. They were excited to hear about the milestone and agree that CFCU loans can save members money. “We have relied on Clackamas for years. We have even financed a couple of homes. The credit union always offers attractive interest rates and has been very easy to work with. It’s a great, great institution. We have sent half a dozen other people to join,” says Jeffery Brown.  To help commemorate the occasion, CFCU is giving the Browns an iPad2.

 Click here to read the press release.