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Tom Gresham

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Mid Oregon Credit Union is announcing that they've again hit the $100 million mark in loans. And this is in the context of tough economic times. CEO and President Bill Anderson says with 22,000 members in Central Oregon, the credit union seems to mirror the local economy: “The economy in Central Oregon had slowed down. People are stressed; things are starting to improve a little bit, and we had also made some adjustments to our products to respond to what people need and we had seen a slight decrease in lending. But we've seen in the past few month's that that has turned around.” He says they are seeing a high demand for a short term "mortgage accelerator" loan that is for homeowners who often owe less than $100,000 on their home. The accelerator loan has lower fees and is designed to help homeowners pay off their mortgage faster. 

 

 

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