Our loan rates will give you something to smile about. Call today!
ONLINE BANKING IS UP AND RUNNING!
Thank you for your patience during our downtime.
NO CREDIT CRISIS HERE
Rivergate Federal Credit Union wants our members to know that the credit union is federally insured, safe and stable. The turmoil on Wall Street has tightened up credit significantly; however, since Rivergate Federal Credit Union did not engage in the sub prime lending market, we are still lending and conducting business as usual.
A great deal of attention is being placed on FDIC insured institutions, with little discussion on how credit union accounts are also insured. In Oregon, every credit union is federally insured by the National Credit Union Share Insurance Fund (NCUSIF) and administered by the National Credit Union Administration (NCUA), an agency of the federal government. NCUSIF insures accounts to at least $250,000 per account just as the FDIC does for banks.
Membership in Rivergate Federal Credit Union is open to anyone residing in the St. Johns neighborhood or working in the Rivergate Industrial Park of Portland, Oregon. We welcome people to come in or call us to find out more about what we can offer. As a member-owned financial cooperative, we exist solely to serve the best interests of our membership, not profit from them. Sub prime mortgages, and other risky lending strategies were not something we participated in since it doesn't make sense for our membership.
Rivergate Federal Credit Union is here to serve our members' needs. Contact us today and discover what your credit union has to offer.
