A Message from Our CEO
Happy New Year and thank you for an amazing year at Portland Local 8 Federal Credit Union. 2024 was filled with positive change and growth. What better way to begin 2025 than with the same positivity!
As I reflect on the past year, I am filled with immense gratitude for the loyalty of our members as well as the dedication of our talented staff. Our commitment to putting your well-being first is more than just a promise, it’s something we uphold every day, and I’m both proud and grateful to see it in action.
Here are a just few highlights from 2024 that we accomplished together:
Financials* improving by over 50%! Compared to 2023, our assets increased by 2% and membership increased by 4%.
Adding 5,000+ Shared Branches and over 30,000 surcharge-free ATMs through our partnership with the CO-OP Network
Supporting our community through sponsorships, volunteering, toy drive participation, college scholarships, and more
Reestablishing online communication channels (email, texts, social media)
Remaining the only credit union or bank around with early hours (M-Th 6:30am - 4:30pm. Fri 6:15am - 5:00pm)
Serving 250+ members with new loans that helped consolidate their debts into lower payments, gain access to needed funds, or fund their auto dreams.
What I look forward to in 2025:
Celebrating over 70 years of service with a Member Appreciation event
Enhancing our digital banking systems
Researching the addition of contactless/tap cards
Lastly, I want to mention some products that might help you towards your 2025 goals. We have an 8-Month Certificate at 4.86% APY^ that could help give your tax return or bonus a boost. And the low rate on our Signature Loans (also on our low-rate Visa Credit Card) could help you consolidate high-interest debt if you feel like you may have overspent during the holiday season. Simply contact us to learn how we could help you save.
Working together with Portland Local 8 FCU employees and members is one of the things I love most about being your CEO. And for Portland Local 8 FCU, people have always come before profit. Putting members and community first is the only way we know, and doing the right thing is the way we will continue to do business in 2025. We’ve been navigating change for 70 years, all the while holding true to who we are and helping our members stay on course. We’re here for you and your family, this year and always.
If you ever have any questions or suggestions to help improve your credit union, please don’t hesitate to contact me.
Sincerely,
Jon Labonite
CEO, Portland Local 8 Federal Credit Union
Email: jon@pdx8fcu.org | Phone: 971.288.5528
