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Local News

Selco Members Growing


Selco Credit Union has about 12,000 members in Deschutes County and that number is growing rapidly due in part to the anger against big banks. Selco spokesperson Laura Illig says they saw twice as many new customers than usual on Saturday, the official "Bank Transfer Day." She believes the trend for people moving from big banks to credit unions and community banks will continue: “Yes,  it was a day or a period of time that there was a focus on this, but I think with this whole occupy movement and a focus on where are my dollars going? I think consumers overall are re-thinking their decisions and really thinking to themselves: ‘I have a choice of where I can keep my money and have my financial services and I'm going to choose a place that's local." Illeg says believes that what started as a negative reaction to big banks will grow into a positive movement as positive word of mouth takes over.  Selco has four branches in Central Oregon and like Mid Oregon Credit Union has seen big numbers of new customers during the last 5 weeks.

 

 

 
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