OnPoint Community Credit Union to Open 20 Fred Meyer Branches in 2021

New in-store branches across Oregon and Southwest Washington will provide communities with convenient access to OnPoint's financial services and expertise

News provided by

OnPoint Community Credit Union

Nov 20, 2020, 12:18 ET

PORTLAND, Ore., Nov. 20, 2020 /PRNewswire/ -- OnPoint Community Credit Union announced today it will open 20 new branches located within Fred Meyer stores across Oregon and Southwest Washington in 2021. This is the largest branch expansion in OnPoint's history and the news reinforces the credit union's commitment to its members and the Northwest region. As Oregon's largest credit union, OnPoint currently operates 36 branches, with four locations having opened in 2020 alone, and serves more than 415,000 members.

"As part of our unwavering commitment to Oregon and SW Washington, we are always looking for new ways to expand our services and grow our presence to better assist our members," said Rob Stuart, President and Chief Executive Officer, OnPoint Community Credit Union. "Fred Meyer serves as a community staple across the region, and when an opportunity arose to work with this local company while at the same time be more accessible to our members, we were thrilled to embark upon this new partnership."

OnPoint's new in-store branches will open on a rolling basis throughout the first half of 2021, with construction set to begin in January. Each branch will offer members a complete suite of financial services, including membership enrollment, consumer and commercial lending, mortgages, financial planning, ATMs and notarization.

"We are honored to be selected as Fred Meyer's community credit union partner," said Tory McVay, OnPoint's Senior Vice President and Chief Retail Officer. "Co-locating with a major regional supermarket will provide our growing membership and the communities we serve with convenient one-stop access to essential financial services. We are proud to not only help our members achieve their financial goals, but to also invest more deeply in our region and provide up to 200 new jobs to members of our community."

OnPoint's expansion comes on the heels of the credit union adding 15 counties to its charter in June 2020, increasing the total to 28 across Oregon and two in Southwest Washington. With this charter expansion, more than four million Oregonians are now eligible for OnPoint membership. The 15 counties added to OnPoint's charter are Clatsop, Coos, Curry, Douglas, Gilliam, Hood River, Jackson, Josephine, Klamath, Lincoln, Morrow, Sherman, Tillamook, Wasco and Wheeler.

"We are excited to welcome OnPoint Community Credit Union into our stores," stated Jeffery Temple, Director of Corporate Affairs for Fred Meyer Stores, Inc. "Our customers rely on Fred Meyer to provide one-stop-shopping, so we look forward to offering a trusted community credit union to fulfill our customers' financial needs."

Additional details regarding the new Fred Meyer in-store branches will be shared in January 2021.

ABOUT ONPOINT COMMUNITY CREDIT UNION
OnPoint Community Credit Union is the largest credit union in Oregon, serving over 415,000 members and with assets of $7.7 billion. Founded in 1932, OnPoint Community Credit Union's membership is available to anyone who lives or works in one of 28 Oregon counties (Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry, Deschutes, Douglas, Gilliam, Hood River, Jackson, Jefferson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Morrow, Multnomah, Polk, Sherman, Tillamook, Wasco, Washington, Wheeler, and Yamhill) and two Washington counties (Skamania and Clark) and their immediate family members. More information is available at www.onpointcu.com or 503-228-7077 or 800-527-3932.

ABOUT FRED MEYER
Fred Meyer Stores, based in Portland, Ore., offers one-stop shopping at its 132 multi-department stores in four western states. More than 40,000 Fred Meyer associates help customers fill their food, apparel, and general merchandise needs in Alaska, Idaho, Oregon and Washington. Stores range in size from 65,000 to 200,000 square feet and carry more than 250,000 products under one roof. Additionally, Fred Meyer contributes more than $6 million to communities across the Northwest each year through grants from the Fred Meyer Foundation as well as product donations, cash donations and sponsorships. Fred Meyer also donates more than 7 million pounds of food to local food banks each year via the Food Rescue Program. Fred Meyer Stores is a division of The Kroger Co. (NYSE: KR). For more information, please visit our Web site at www.fredmeyer.com.