OnPoint Community Credit Union Review: Good Branch and ATM Access

4.5
Our Take: OnPoint Community Credit Union offers one-stop-shop servicing for its customers in Oregon and Southwest Washington, with all the basic account types covered. The credit union has an extensive surcharge-free ATM network and solid ratings on the mobile apps for customers outside of its service area, but higher APYs can be had at other institutions.
  • Fees
    4.0
  • Mobile App
    4.5
  • Breadth of Products
    4.5
  • Account Minimums
    5.0
How did we calculate this?

Pros

  • Broad ATM access via MoneyPass and CO-OP ATMs
  • Solid mobile app ratings
  • Attractive APYs on CDs with Bundle Rewards

Cons

  • Most account types only have a single option
  • High overdraft fees

About OnPoint Community Credit Union

OnPoint Community Credit Union was founded in 1932 in Portland, Oregon. Now the largest credit union in Oregon, OnPoint also serves Southwest Washington. The credit union offers a broad range of accounts, from checking and savings accounts to certificates of deposit, loans, individual retirement accounts, financial planning and a money market account.

OnPoint Community Credit Union Banking Products

OnPoint Community Credit Union offers most of the account types that the typical credit union customer would expect.

Product Details
Checking Accounts
  • Three checking account options
  • Fee-free option available
  • Interest-bearing checking available
Savings Account
  • One main savings account
  • Youth and rewards accounts available
  • Bonus APY on youth savings account
Money Market Account
  • Single money market account option
  • $0 minimum to open
  • No monthly fees
CDs
  • Regular and annual withdrawal CDs
  • Bump-up certificates
IRAs
  • Certificates and savings accounts available for both traditional and Roth IRAs
Loans
  • Home, personal and vehicle and boat loans available, in addition to credit cards
Business Accounts
  • Wide range of business accounts and services, from checking and savings to loans, financial planning, insurance, merchant services and more

OnPoint Community Credit Union Checking Accounts

OnPoint Community Credit Union offers three checking accounts: Access Account, OnPoint Checking and Interest Checking. The OnPoint Checking account is the credit union’s basic checking account, while the Access Account is for those that may have difficulty obtaining a traditional checking account. The Interest Checking account is the only OnPoint checking account that pays interest.

Features

  • $50 minimums for Access Account and OnPoint Checking, $0 for Interest Checking
  • $0 monthly fee for OnPoint Checking
  • $7 monthly fee for Interest Checking and Access Account

Pros

  • Totally free checking account option
  • Decent 0.05% APY for Interest Checking
  • Access to over 60,000 surcharge-free ATMs in the MoneyPass and CO-OP networks

Cons

  • $2 out-of-network ATM fees for Access Account and OnPoint Checking

OnPoint Community Credit Union Savings Accounts

Three types of savings accounts are available at OnPoint Community Credit Union: Regular Savings, Bundle Rewards and OnPoint Savers. Regular Savings is the credit union membership account, OnPoint Savers is a youth account and Bundle Rewards provides additional features and benefits.

Features

  • All are interest-bearing accounts.
  • APYs are 0.05% for Regular Savings and 0.15% and up for Bundle Rewards.
  • Bonus rate is 5% on amounts from $5 to $500 in OnPoint Savings.

Pros

  • Extraordinarily high APY on OnPoint Savings
  • Rates on Bundle Rewards up to triple the national savings average

Cons

  • $2 service fee for ATM transactions outside of OnPoint, CO-OP or MoneyPass networks

OnPoint Community Credit Union Money Market Account

A single money market account is available at OnPoint Community Credit Union, the FlexSmart Money Market. The FlexSmart Money Market offers the potential for higher interest rates and additional ways to access your funds.

Features

  • $0 minimum
  • Tiered interest rates
  • Access to funds via check writing or ATM card, in addition to online transfers

Pros

Cons

  • Low 0.05% APY across all deposit tier levels

OnPoint Community Credit Union CD Accounts

OnPoint Community Credit Union offers two types of certificates of deposit, regular CDs and an annual withdrawal CD. Each of these CD types has different account minimums and features, but both carry the same Federal Deposit Insurance Corp. coverage.

Features

  • Terms from three months to 48 months for regular CDs
  • A single, 60-month term for annual withdrawal CDs
  • $1,000 minimum for regular CDs
  • $5,000 minimum for annual withdrawal CDs
  • Rates are boosted significantly for customers with Bundle Rewards

Pros

  • Add to regular CDs with maturities of 3, 6, 12, 18 or 24 months.
  • Regular CDs with maturities of 12, 18 or 24 months allow a one-time bump in rate to the rate currently offered by OnPoint.
  • Withdrawal of up to 20% per year is available from annual withdrawal CDs.
  • Decent APYs from 0.30%-0.45% for regular CDs jump to attractive APYs of 0.55% to 0.70% for customers with Bundle Rewards.
  • Decent 0.50% APY jumps to a good 0.75% for annual withdrawal CD customers with Bundle Rewards.

Cons

  • Relatively high minimum of $5,000 on annual withdrawal CD.

Banking Experience

OnPoint Community Credit Union’s service area is limited to the Pacific Northwest, but a wide surcharge-free ATM network and mobile app capability allow plenty of access for customers.

Physical Branch Locations

OnPoint Community Credit Union currently has 36 branches across Oregon and Southwest Washington. In 2021, the credit union intends to open an additional 20 branches in Fred Meyer stores across its service area.

Mobile and Digital Experience

OnPoint Community College offers mobile apps that are well-reviewed by users. Average star ratings are 4.2 on Google Play and 4.5 on the App Store. Highlighted features available on the apps include the following:

  • Bill pay
  • Bill management
  • Money transfer to anyone in the U.S. with an email address or phone number
  • Funds transfer to external financial institutions
  • Cleared check images
  • Travel notifications
  • Debit or credit card freezes
  • Transaction search
  • eStatement viewing
  • Domestic wire transfers
  • Remote check deposit

How To Open an Account

You’ll need the following information and qualifications to open an account online at OnPoint Community Credit Union:

  • Legal U.S. residency
  • 18 years of age or older
  • Valid Social Security number
  • Valid government-issued ID, such as a driver’s license or passport
  • Debit or credit card to fund your account

You’ll also need to become a member of the credit union before you can open any accounts.

Customer Service

You can reach OnPoint Community Credit Union at 800-527-3932 or 503-228-7077. Hours are Monday-Friday, 7 a.m. to 7 p.m. PST and Saturday, 9 a.m. to 1 p.m. PST.

Key Information

Customer Service: 800-527-3932 or 503-228-7077

Routing Number: 323075880

OnPoint Community Credit Union Fees

Except for the Access Account, which carries a $7 monthly fee, and the Interest Checking account, which carries the same $7 fee but waives it with a $500 minimum balance, OnPoint Community Credit Union doesn’t charge fees for its basic banking accounts. The high $30 overdraft fee can be avoided with the credit union’s Overdraft Transfer service, which waives the fee for the first occurrence and costs just $3 thereafter.

Overall, fees are not exorbitant at OnPoint. Here’s a list of the most notable fees charged:

Type Amount
Same-day bill payment $12.95
Incoming wire transfers $8
Outgoing domestic wire transfers $20
Outgoing foreign wire transfers $40
In-branch coin deposit fee First $750 per month free, then 10% for members
Cashier’s check $5, but free with Interest Checking

OnPoint Community Credit Union vs. Competitors

OnPoint Community Credit Union competes both with other credit unions and banks in its service area.

Bank Best For
OnPoint Community Credit Union High savings APY on first $500; depth of account lineup
Advantis Credit Union High checking APY
Oregon Community Credit Union High savings APY
Selco Community Credit Union Lower transactional fees

OnPoint Community Credit Union vs. Advantis Credit Union

Advantis Credit Union offers a Fusion Checking account that pays a 0.90% APY on the first $25,000 deposited, with the rate remaining at a high 0.20% APY thereafter. Although OnPoint’s checking rate of 0.05% APY is respectable, it’s far below the Fusion Checking offer at Advantis.

OnPoint Community Credit Union offers a savings rate of 5% on the first $500 deposited in its OnPoint Savings account, which is well above the 1.00% APY that Advantis offers on the first $500 in its Start Savings Account.

OnPoint Community Credit Union vs. Oregon Community Credit Union

Oregon Community Credit Union is another institution that offers a top-tier checking account rate, paying a 1% APY on balances of up to $20,000 in its Remarkable Checking account, well above the 0.05% APY available at OnPoint Community Credit Union.

OnPoint Community Credit Union has a deeper account lineup than Oregon Community Credit Union, offering three savings and three checking accounts.

OnPoint Community Credit Union vs. Selco Community Credit Union

Selco Community Credit Union has lower transactional fees overall than OnPoint Community Credit Union. For example, Selco charges just $25 for an NSF fee, lower than the $30 charged by OnPoint.

OnPoint Community Credit Union takes the prize over Selco when it comes to account depth, as Selco only offers a single savings account and a single primary checking account.

Final Take

OnPoint Community Credit Union offers one-stop-shop servicing for its customers in Oregon and Southwest Washington, with all the basic account types covered. The credit union has an extensive surcharge-free ATM network and mobile app capability for customers outside of its service area.

Although OnPoint checks all the boxes in terms of types of accounts, it doesn’t offer the depth of accounts available at some other institutions. Higher APYs can be obtained from various online institutions, so those outside of the credit union’s immediate service area may want to look elsewhere.

Editor’s Favorite

The teaser APY of 5% offered by the OnPoint Savings account is truly extraordinary, even if it only applies to the first $500 invested. The overdraft transfer service, which drops the NSF fee down to just $3, is also a great perk.

OnPoint Community Credit Union FAQ

Now that you're familiar with the products and services OnPoint offers, here are answers to some of its most frequently asked questions.
  • Does OnPoint Community Credit Union offer Zelle?
    • In addition to offering digital payments via Zelle, OnPoint Community Credit Union also allows peer-to-peer payments via PayPal, Cash App, Venmo and more.
  • Does OnPoint Community Credit Union have free checking?
    • OnPoint Community Credit Union offers a completely free checking account in the form of the OnPoint Checking account.
  • What is the daily cash withdrawal limit from ATMs?
  • Does OnPoint Community Credit Union offer free money for signing up for an account?
    • OnPoint Community Credit Union currently offers a $50 referral bonus for customers who get others to sign up for a personal or business account with direct deposit. Both the referring customer and the new customer receive $50 each. From time to time, OnPoint offers other promotions, such as the late 2020 offer of $300 for new checking accounts.

Rates are subject to change. Information on accounts is accurate as of Feb. 3, 2021.

This content is not provided by OnPoint Community Credit Union. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by OnPoint Community Credit Union.

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About the Author

After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.

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