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What is happening with Concordia University Portland?

Posted on July 28, 2022 by David Darling

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  • What is happening with Concordia University Portland?
  • What should I look for in a credit union?
  • Is my money safe at a credit union?

What is happening with Concordia University Portland?

Concordia University abruptly shut down in 2020 amid financial woes and a dispute with its parent, the Lutheran Church Missouri Synod, over the school’s support for LGBTQ students and student organizations. The school’s campus now belongs to the Lutheran Church Extension Fund, a financial arm of the church.

Who owns Advantis Credit Union?

Advantis is a not-for-profit financial cooperative, locally owned by our members.

Who bought Concordia University Portland Oregon?

The University of Oregon’s Board of Trustees voted 14-0 Monday to approve purchasing the old Concordia University campus in Northeast Portland for $60.5 million. The site is planned to jumpstart and house the new Ballmer Institute for Children’s Behavioral Health.

What should I look for in a credit union?

What Should You Look for in a Credit Union?

  • Financial services. “Some smaller credit unions may offer limited financial services.
  • Savings rates.
  • Lending rates.
  • Deposit insurance.
  • Credit card rewards program.
  • Branch and ATM locations.
  • Membership fee.
  • Monthly checking account fee, if any.

Is Concordia Portland closing?

The Concordia campus in Northeast Portland has sat empty since the university’s closure last year, and the property’s owner — the Lutheran Church Extension Fund, or LCEF — is working on selling it.

When did Concordia Portland close?

February 2020
HotChalk seeks to tie Concordia closure to Synod’s interference. The next set of decisions before Judge Dahlin have less to do with the Portland property, but could get to the root of why Oregon’s largest private university closed in February 2020.

Is my money safe at a credit union?

Like banks, which are federally insured by the FDIC, credit unions are insured by the NCUA, making them just as safe as banks. The National Credit Union Administration is a US government agency that regulates and supervises credit unions.

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