News

We are awarding two $1,000 scholarships to two (2) high school seniors! The deadline to submit your video application is July 31, 2025. You can learn more about eligibility and how to apply here. 

Do you have an annual bonus or tax return arriving soon, or funds sitting at another financial institution in a low-yield savings account?

Take advantage of our Share Certificate Special and lock in a great rate with your trusted credit union. For a limited time only, you can invest in our 8-month Certificate earning 4.86% APY!

Savings Examples: 
$5k = $160.33  /  $10k = $320.66  /  $15k = $481.00
(With a $5,000 amount, earn $160.33 in dividends upon maturity.)

Contact us to open your Share Certificate today.

Do you have friends or family that are not members who may also like to take advantage of this special? We'd love to help them jumpstart their 2025 savings! 

Share Certificates are similar to Certificates of Deposit, or CDs. While commercial banks offer CDs, credit unions offer Share Certificates. They carry higher interest rates than those you’d get from savings accounts, and as long as you don’t withdraw your funds early, you’ll get your earned dividends upon maturity at the onset of your investment.

Remember: We’re able to invest in others with the money you invest with us. So, while you earn interest on your savings, we help families purchase vehicles, make home improvements, and consolidate high-interest debt.

Let us help you and your family save MORE in 2025!

*APY = Annual Percentage Yield. APY accurate as of 2/1/2025. $500 minimum balance required. Early withdrawal penalties apply; fees may reduce earnings. Credit union reserves the right to end or modify this offer at any time. Please refer to Rates & Fees Disclosure for more details. Federally insured by NCUA.

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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 60%! 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

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2024 Annual Report

2023 Annual Report

2022 Annual Report

2021 Annual Report

2020 Annual Report

2019 Annual Report