Oregon Community Credit Union announces $15/hour minimum starting wage
EUGENE, OR (January 22, 2021) Oregon Community Credit Union (OCCU) OCCU is taking the progressive step of implementing a $15-per-hour minimum starting wage, effective Jan. 1, 2021. Paying $15 per hour as a minimum starting wage is more than double the federal minimum wage of $7.25 and surpasses the Oregon urban minimum wage of $13.25. The $15 minimum starting wage is not for only newly hired employees; current employees will receive a boost if not already earning $15 per hour.
“OCCU has a strong reputation for exceptional member service and generous support of our communities, and we know that caring for our employees is essential to both,” says Ron Neumann, president and CEO. “Providing a minimum wage of $15 an hour and robust benefits helps to ensure that our employees are able to earn livable wages. We wholeheartedly support communitywide advocacy efforts to bring more job opportunities with livable w
The 2021 credit union branch: To be or not to be
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Call this the credit union Hamlet moment: To be or not to be, that is the 2021 question around the future of branches.
Suddenly, amid the pandemic, with many branches closed, many others open fewer hours, some credit unions requiring appointments for branch visits, and most credit unions reporting a surge in member use of digital banking tools, a question is getting asked that few expected. “Some credit unions are asking if they need branches,” said Doug Brown, a senior vice president and GM of Digital Banking at NCR.
Brown acknowledged that only a few credit unions are seriously contemplating a digital only future. But the simple fact that the question is getting asked in credit union c-suites – and asked not by propellerheads – illustrates how profoundly the Covid-19 pandemic has impacted thinking about branches.