The History of Rite Choice Community Federal Credit Union Located in Wilsonville, Oregon. Rite Choice Community Federal Credit Union is a full service financial cooperative dedicated to serving families with a financial alternative to commercial banks. The strength and security of a cooperative financial institution becomes clear by examining our rates. We offer better than commercial rates on: Savings, Loans, Money Market, Certificates, IRAs and many Club Accounts.   In 1973, PayLess NW Associates, formed a credit union. This provided pharmacists and store clerks a place to save and borrow without having to pay  commercial rates. This was popular with store employees and the credit union noticed growth as associates began taking advantage of the ease of saving and borrowing.   As PayLess grew and changed, so did its credit union. PayLess NW acquired stores in California and Washington. Then the holding company for Thrifty Drugs, merged with PayLess NW forming TPI, and the Credit Union offered its services to associates in 11 western states. With the associates increasing  their participation, the Credit Union began  to expand it's services. No Fee Checking (Share Drafts) and a fixed rate VISA program were introduced  offering much better rates. Lending programs expanded to include Mortgage Loans, helping associates to finance or refinance their homes.   Thrifty PayLess Drug Federal Credit Union expanded, serving members living throughout the west. The Credit Union installed ATM machines in the TPI Distribution Centers. With ATM machines in Ogden, Woodland, and Wilsonville, members have access to their Credit Union without any additional fees.   In November in 1996, a meeting was held at the TPI Corporate Headquarters stating: TPI was so successful that the pharmacy chain has been purchased by the Rite Aid Corporation of Camp Hill, PA. Information to the Credit Union was the Wilsonville Corporate Headquarters would be phased out.   There was some concern the Credit Union would no longer serve the pharmacy associates. As with any change, the company went through some staffing changes and seven hundred corporate associates entered into the local job pool. Some TPI associates were offered positions in Camp Hill. Most went to work for other pharmacy outlets like Walgreens, Fred Meyer, and Safeway Food and Drug.   In an effort to be responsive to the concerns of our membership and our corporate sponsor, the credit union changed its name to Retail Pharmacy Federal Credit Union. Under the new name, we continued to offer our services to the employees of the Rite Aid Corporation in the ten western states. We also modified our field of membership and invited employees of other local businesses to enjoy the benefits of credit union membership.   In 2001, the credit union changed its name, once again, to Rite Choice Community Federal Credit Union. This change was made to position the credit union for future growth within its market area. This name was selected to reflect our continuing affiliation with our primary sponsor, Rite Aid, but to also address the concerns of new corporate sponsors who were not in the pharmaceutical business.   On January 1, 2003, Rite Choice Community Federal Credit Union became a community credit union offering its products and services to anyone who lives, works, worships, or attends school within our prescribed community. The approved community includes western Clackamas County, northern Marion County, and southeast Washington County in Oregon. This area includes the larger cities of Wilsonville, Tualatin, Sherwood, Lake Oswego, West Linn, Oregon City, Canby and Woodburn as well as the outlying rural regions (see map).

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