Loans and Credit Cards FAQ

What will happen to my Portland Local 8 FCU Loan?

All loans at Portland Local 8 FCU will be automatically transferred to ILWU Credit Union on December 2, 2025. If you have an existing loan with Portland Local 8 FCU your loan will continue to have the same Annual Percentage Rate and monthly payment until the loan is paid off.

Where do I send my loan payments?

The Portland Local 8 FCU Branch will remain open as the ILWU Credit Union Portland Branch after the merger is complete. You can continue to send your loan payments to .....???.

I have an automatic transfer from my savings or checking account to make a loan payment. Will that still work?

Yes, if you have an automatic transfer from a Savings or Checking account to make a loan payment the payment will continue to be transferred to your loan on the payment due date.

What will happen to the GAP and MBI/MBP Protection on my loan?

GAP (Guaranteed Auto Protection) and MBI (Mechanical Breakdown Insurance) coverage from Portland Local 8 FCU will be honored at ILWU Credit Union, and there are no changes to your current policies.

What will happen to my Portland Local 8 FCU Credit Card?

Your Portland Local 8 FCU Credit Card will remain open with the same Annual Percentage Rate and credit limit until further notice. Once you are an ILWU Credit Union Member you can apply for an ILWU Credit Union Credit Card after December 2, through Online or Mobile Banking, calling 866.445.9828, or completing an application at one of our branches.