OnPoint Community Credit Union Entices New
Business Interest Checking Members With 3 Percent Interest

Portland, OR --- OnPoint Community Credit Union is providing Oregon’s small businesses with a competitive edge thanks to new business products, including an interest-bearing checking account. Business Interest Checking not only pays 3% APY on all balances but also requires no minimum opening deposit and only a $500 average monthly balance to avoid a service fee.

Rob Stuart, OnPoint’s president/CEO, noted that many national and local banks do not pay interest on business checking accounts so this is yet another way that OnPoint can set itself apart from traditional banks.

"This new product, along with other business services, came about because we listened to our members," said Stuart. "Owners of Oregon’s 98,859 small businesses began requesting products to help manage their company’s finances and we have responded with several new business deposit offerings." Among them are free Business Checking, Analyzed Checking, Business Savings, Business Money Market, Business Certificates of Deposit, and Merchant Services.

Oregon has nearly 100,000 small businesses, according to the Governor’s Small Business Council. Employment by these companies is 50.9 percent of all private sector jobs and 98 percent of these have 99 or fewer employees. These businesses provide $5.13 billion in payrolls to Oregonians each year.

OnPoint Community Credit Union is the largest credit union in Oregon, serving more than 186,000 members and with assets of $2.6 billion. Founded in 1932, OnPoint Community Credit Union’s field of membership includes everyone who lives or works in 10 designated Oregon counties (Benton, Clackamas, Columbia, Lane, Linn, Marion, Multnomah, Polk, Washington and Yamhill) and in Clark and Skamania counties in Washington.

For more information visit www.onpointcu.com or call 503-228-7077 or 800-527-3932.