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Our Community Credit Union Snapshot
In 1941, logging was driving the economy of Shelton, WA, and was an important contribution to the war effort. Charlie Savage, a union leader for the Simpson Logging Company, knew loggers were being turned away from the local bank for loan requests to buy cars, household appliances, and other basic financial needs. The Simpson employees were in need of a banking alternative.
After much discussion and consulting with a neighboring credit union, the newly formed Simpson Employees Federal Credit Union filed a charter and received approval on December 3, 1941. Now anyone who worked for a Simpson operation could join the credit union. The maximum savings deposit was capped at $250.00 and the first loan application was for $150.00. Total loans in 1942 reached $947.75.
Since then, the credit union changed its name to Our Community Credit Union (OCCU) to better reflect the growing and diversified members base. In 2010, OCCU expanded it’s field of membership to include all residents in the state of Washington.
OCCU has remained true to its roots, providing personal, caring service while creating innovative and flexible financial products and services that are focused on helping members meet their financial goals through both traditional banking values and technology driven services.
OCCU has over $400 million in assets, over 34,000 members, and operates eight branches throughout Mason, Grays Harbor, Thurston, and King Counties. Anyone living, working, or attending school in the state of Washington can join. OCCU is large enough to offer a wide variety of products and services, yet has not lost its purpose to provide personal, caring service to their membership. OCCU has been helping build strong communities since 1941.
After much discussion and consulting with a neighboring credit union, the newly formed Simpson Employees Federal Credit Union filed a charter and received approval on December 3, 1941. Now anyone who worked for a Simpson operation could join the credit union. The maximum savings deposit was capped at $250.00 and the first loan application was for $150.00. Total loans in 1942 reached $947.75.
Since then, the credit union changed its name to Our Community Credit Union (OCCU) to better reflect the growing and diversified members base. In 2010, OCCU expanded it’s field of membership to include all residents in the state of Washington.
OCCU has remained true to its roots, providing personal, caring service while creating innovative and flexible financial products and services that are focused on helping members meet their financial goals through both traditional banking values and technology driven services.
OCCU has over $400 million in assets, over 34,000 members, and operates eight branches throughout Mason, Grays Harbor, Thurston, and King Counties. Anyone living, working, or attending school in the state of Washington can join. OCCU is large enough to offer a wide variety of products and services, yet has not lost its purpose to provide personal, caring service to their membership. OCCU has been helping build strong communities since 1941.
