Consolidated Community Credit Union (CCCU) is a member-owned, not-for-profit financial co-op that has been serving members since 1954. The credit union currently has over 20,000 members and offers banking services through its two locations in the greater Portland area.

If you’re looking for a debt consolidation loan to roll multiple high-interest debts into a new loan, or if you’re looking for other individual or business banking products, read on for more information about membership requirements, services offered, and the pros and cons of membership.

What is Consolidated Community Credit Union?

Consolidated Community Credit Union was originally established in 1954 to serve the employees of Consolidated Freightways and Daimler Trucks. Over the years, the credit union expanded its membership to serve those living, working, worshipping, going to school, or owning a business in Multnomah, Clackamas, Washington, Hood River, Columbia, Clark, Yamhill, or Skamania county, and their immediate family members.

CCCU is a not-for-profit financial co-op, which means that it doesn’t have stockholders but is member-owned. Its pricing for banking products and loans is competitive because it focuses on the best interests of its members rather than profitability.

Consolidated Community Credit Union has consistently ranked as one of the healthiest and most financially secure credit unions in the country.

Pros and Cons of a CCCU Membership

If you’re interested in opening a new bank account or looking for a personal loan for debt consolidation, Consolidated Community Credit Union is a solid choice. However, we recommend you weigh the pros and cons before you apply for a membership.

Pros

  • Lower banking fees and loan rates compared to for-profit banks.
  • CCCU also offers higher yields on its deposit accounts.
  • The credit union offers a variety of products to individuals and businesses.
  • CCCU is member-owned, so its policies and decisions reflect the needs of its customers rather than those of external stakeholders.
  • Members get personalized service and in-person banking services in their community.
  • CCCU members have access to over 30,000 surcharge-free ATMs and 5,000 Co-Op shared branches.

Cons

  • Its loan rates for debt consolidation loans are not as low as those of competitors such as Navy Federal Credit Union.
  • Membership is only available to those located in specific geographic areas.
  • CCCU only has three physical branch locations.

Consolidated Community Credit Union Services for Individuals 

Consolidated Community Credit Union offers a wide range of products and services for individuals, including checking and savings accounts, deposits, mortgages, credit cards, and personal loans.

Accounts

Consolidated Community Credit Union offers high-yield checking accounts, savings accounts, first-time homebuyer savings accounts, traditional and Roth IRAs, and more. Here’s a look at the APY you can expect to get with each of these accounts.

Account TypeAPY
Primary Savings Account0.20%-0.30%
Holiday Savings Account0.75%
Apex Checking Account0.25% to 5.50%
Ascent Checking Account0.25% to 3.00%
First-Time Homebuyer Savings Account0.50% to 2.00%
IRA Accounts1.55% to 2.50%

Debt Consolidation Loans

Consolidated Community Credit Union offers personal loans that can be used for large purchases, debt consolidation, and any other purpose. Membership is required to apply for a CCCU debt consolidation loan.

While CCCU doesn’t mention loan limits on its website, we were able to find these details about its personal loans:

  • Loan Term: 0 to 48 months
  • APR: Starting from 11.95%
  • Minimum Credit Score: Not specified but you can apply with a co-applicant.

Consolidated Community Credit Union’s personal loans are fixed-rate installment loans, so you’ll have a consistent monthly payment. If you have multiple credit cards with high interest rates, a debt consolidation loan from CCCU can be a good way to pay them off and have a single loan payment each month.

How To Apply for a Debt Consolidation Loan

You can apply for a CCCU debt consolidation loan online, speak to a loan officer in-person at a nearest branch, or over the phone by calling 1-800-444-8115.

  • Online applications are available 24/7.
  • Mention a few details about your requirements.
  • CCCU will show you the available options based on your needs.
  • Review the options and complete the application to submit it.
  • Once approved, you’ll usually receive the funds in your bank account on the same day.

Other Loans

Other than personal loans, Consolidated Community Credit Union also offers a variety of other loan choices, as listed below:

Consolidated Community Credit Union Services for Businesses 

In addition to its offerings for individuals, Consolidated Community Credit Union also offers a number of banking products for businesses in the community.

Accounts

CCCU’s Business Savings Account earns dividends and has no monthly fees. Here are a few other features of the savings accounts:

  • Minimum balance of $100 to receive dividends.
  • APY of 0.20% for balances of $100 to $4,999.99.
  • APY of 0.30% for balances of $5,000 or more.
  • Open an account with just $5.
  • No monthly fees

CCCU also offers two types of business checking accounts, depending on your requirements. Here are the main features of the Business Checking Account:

  • Minimum opening balance of $100.
  • No minimum balance requirements.
  • Up to 75 transactions allowed.
  • No monthly service fee.

Here are the main features of the Premium Business Checking Account:

  • Minimum opening balance of $100.
  • $5,000 monthly average balance required.
  • Up to 300 transactions allowed.
  • $10 monthly service fee if the average balance requirement is not met.

Loans

While Consolidated Community Credit Union doesn’t offer any business debt consolidation loans, it does offer other loan products:

  • Business credit cars
  • Commercial real estate loans
  • Business auto loans
  • Business lines of credit

Who Can Apply for Consolidated Community Credit Union Membership?

You’ll need to be a CCCU member to apply for its debt consolidation loan, business loan products, or any of its other banking services.

You may be eligible for a membership if you live, work, own a business, worship, or go to school in these counties:

  • Clark
  • Clackamas
  • Columbia
  • Hood River
  • Multnomah
  • Skamania
  • Washington
  • Yamhill

You’re also eligible for membership if you work for a company that’s headquartered in a county listed above or if you have a family member who’s a CCCU member.

Where To Find a Consolidated Community Credit Union Location

Consolidated Community Credit Union has three physical branch locations, over 5,000 shared branches, and more than 30,000 surcharge-free ATMs worldwide. This includes locations like regional convenience stores, 7-Eleven, Costco, and other locations where you likely shop. Use the co-op locator tool to find a location near you.

Here are the addresses and contact info for CCCU’s physical branches:  

Administrative Headquarters

1033 NE 6th Ave

Portland, OR 97232

Phone number: 503 232 8070, 1-800-444-8114

Cascade Branch

1206 12th Street

Hood River, OR 97031

Phone number: 541 387 9297, 1-800-444-8115

Sandy BLVD NE Branch

2021 NE Sandy Blvd

Portland, OR 97232

Phone number: 503 232 8070, 1-800-444-8115

Slabtown NW Branch

1535 NW 21st Avenue

Portland, OR 97209

503 226 4991, 1-800-444-8115

Is a Consolidated Community Credit Union Membership Worth It?

Consolidated Community Credit Union can be a good choice for banking if you live in the counties where it operates and are eligible for membership. Other than its checking and savings accounts, it’s also a good choice for debt consolidation, with APRs as low as 11.95%. If you have expensive title loans, credit cards, or payday loans, you may want to explore this option if you’re not eligible for other debt relief services.

With average credit card interest rates at 24.80%, you may be able to save a considerable amount of money in interest charges if you qualify for a CCCU debt consolidation loan.