Review Mortgage Lenders

Consolidated Federal Credit Union

Address: 2021 NE Sandy Blvd Portland, OR 97232
2055 NW Savier Street Portland,OR 97209

Consolidated Federal Credit Union in Portland, OR is a private company categorized under Loan Agents. Our records show it was established in and incorporated in Oregon. Current estimates show this company has an annual revenue of $2.5 to 5 million and employs a staff of approximately 10 to 19.

Consolidated Federal Credit Union - The Principal 10 Best Companies 2011

The Principal Financial Group® announces the 2011 winners of The Principal® 10 Best Companies for Employee Financial Security.

As credit unions consolidate, leagues 'have no choice but to adapt'

Steve Williams, president and partner of the Scottsdale, Ariz.-based consultancy Cornerstone Advisors, said it is “very likely” the consolidation trend will continue as individual leagues still find “struggles” in building revenue sources in which member credit unions will participate.

“The mergers are providing more rational scale, just like the industry,” Williams assessed. “The biggest risk is that lobbying efforts don’t stay as crisp at the state level. However, with specialized resources, that risk can be avoided.”

Williams declined to speculate on any future candidates for league mergers, but suggested, “Anything can happen in the next decade. There will be intense industry consolidation because of digitization and the leagues will have no choice but to adapt.”

LSCU aims to create ‘repeatable’ merger model

The LSCU-Georgia merger is expected to take effect Jan. 1, 2020, though Mike Mercer, president and CEO of GCUA, noted a host of numerous legal hurdles must be cleared over the next six months, including folding both leagues’ foundations and two credit union service organizations: Cooperative Services, Inc., and CUSC of Alabama.

Credit Unions Innovate, But Stay Competitive With Credit Cards

Tried-and-true credit unions (CUs) have managed to keep pace with commercial banks, FinTechs and other financial institutions. According to the new Credit Union Tracker , as of March 2019 there were an estimated 5,572 CUs in operation and in the same month 324,000 consumers joined CUs.

Credit unions aren’t complacent with the status quo, though. Roughly one-third (35 percent) have made data analytics investments over the past three years, according to the Credit Union Innovation Playbook .

Data analytics can provide customer insights. Also, credit unions that focus on data analytics are more likely to pursue a wider range of innovations than those that do not. In the study, 91.7 percent of those focused on data analytics said they also focused on fraud management solutions in the previous three years, compared to only 60.6 percent of CUs that did not focus on data analytics.

This is particularly true for larger CUs. Credit unions with assets that range from $1 billion to more than $5 billion are more likely than others to make data analytics a top investment priority.

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