Tiny Oregon CU Is Granted A TIP Charter

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NCUA said it granted a TIP charter (for tradewide, industrywide or professionwide) to Norwest Medical FCU to serve all healthcare workers in four northwest counties in Oregon and Washington.

The new charter will allow the credit union to serve all employees, independent contractors and self-employed health care professionals in Multnomah, Clackamas and Washington counties in Oregon, and Clark County, Washington.

The tiny institution, with only $3 million in assets and 1,200 members, is only the seventh credit union to obtain a TIP charter.

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