Rivermark is proud to have been the first credit union in Oregon to offer features such as Mobile Deposit and Biometric Login. Like the members we serve, we’re innovative, visionary and technologically proficient when it comes to work and finances.
Credit Union Difference
Rivermark is a not-for-profit financial cooperative, owned by the people who save and borrow here. Unlike a bank, Rivermark does not issue stock or pay dividends to outside stockholders. Instead, earnings are returned to members in the form of lower rates, higher dividends on deposits and lower fees. We exist solely for the benefit of our member/owners.
While credit unions and banks offer similar products and services, the similarities end there.
Rivermark was founded in February 1951 by 140 grocery store employees who formed Safeway Portland Employees Federal Credit Union. In 2004, the credit union was approved for a community charter and changed its name to Rivermark Community Credit Union. Today, the Credit Union operates 7 branches in Oregon and serves over 80,000 members. Deposits are federally insured by the National Credit Union Administration (NCUA).
Average Member Savings
Rivermark members collectively saved nearly $15 million* over the course of a year simply by having their accounts with Rivermark versus a bank. That’s an average savings of $305 per member.
Members save an average of $133 annually on checking, $255 annually on auto loans and $189 annually on Visa simply by having their accounts at Rivermark over another financial institution.
Rivermark implements sustainable practices into our operations and design of our facilities. Rivermark earned a PayItGreen Seal of Approval for products, such as Free Checking Plus, that encourage members to use greener online services and reduce paper waste with E-Statements. Our Hawthorne Branch was recognized for the use of sustainable building practices used in its remodel in 2010.
In the Community
Rivermark strives to give back to communities in the 11 counties we currently serve. Whether raising money for Doernbecher's Children's Hospital, working to provide financial education to young people or sponsoring an event in the community, Rivermark is proud to take part in all of these initiatives.
*Working with a national research firm, we compared our account rates and fees with the average rates and fees of local banks in the Portland Metro area. The calculations were provided by Informa Research Services, Inc. Please note that although Informa obtained the information directly from the banks, we cannot guarantee their accuracy as rates can change at any time. The formulas used for the calculations vary by account type.