As Credit Card Debt Nears Record Highs, OnPoint Community Credit Union Helps Consumers Understand “Good” Vs. “Bad” Credit - 02/19/26

With revolving balances topping $1.28 trillion, credit union shares practical guidance to use credit as a tool — not a trap

PORTLAND, Ore. – New data shows U.S. credit card debt has climbed to nearly $1.28 trillion, placing household revolving balances near record highs. As interest rates remain elevated, how consumers use credit matters more than ever.

“Credit itself isn’t the problem; it’s how it’s used,” says Meredith Bureau, Hillsdale branch manager at OnPoint Community Credit Union. “Good credit can support long-term goals and financial stability, while high-interest, revolving debt can undermine progress if it’s left unchecked.”

With the latest statistics from the Federal Reserve and the Federal Reserve Bank of New York showing American consumers have amassed about $1.28 trillion in revolving credit card balances, OnPoint encourages consumers in Oregon and southwest Washington to ask whether credit use is helping or hurting their financial health. OnPoint offers the following guidance to help navigate today’s credit landscape:

1. Understand the difference between good and bad credit. Good credit is typically tied to long-term goals such as education, a home or reliable transportation. It is managed with a clear repayment plan. Bad credit often shows up as high-interest, revolving balances that grow over time and strain monthly budgets.
2. Pay attention to interest rates, not just balances. With credit card rates remaining high, even modest balances can generate significant interest costs. Paying off higher-rate debt first can lead to faster savings.
3. Watch for warning signs. Relying on credit cards for everyday essentials, carrying balances near credit limits, or making only minimum payments can signal that credit is becoming a liability rather than a tool.
4. Create a payoff strategy. Listing balances, interest rates and due dates helps bring clarity. Focusing on the highest-interest balance first or setting up automatic payments can reduce stress and prevent late fees.
5. Consider consolidation — carefully. Options like personal loans or balance transfers can make sense as long as they have a clear plan and timeline to pay down debt, rather than simply extending it.
6. Use trusted financial guidance. Credit unions often provide personalized counseling, budgeting tools and member-focused products designed to help people manage credit responsibly and build stronger financial footing. OnPoint members can also access personalized financial counseling through the credit union’s GreenPath Financial Wellness partnership.​

“Credit should work for you, not against you,” Bureau adds. “Small, intentional steps, especially now, can make a meaningful difference in both credit scores and peace of mind. And OnPoint is here to support our members as they achieve their financial goals.”

Call For Nominations: OnPoint Community Credit Union Kicks Off 17th Annual Prize For Outstanding Educators And Schools Making An Impact (Photo) - 02/17/26

OnPoint Prize for Excellence in Education recognizes inspiring educators and schools with financial support, including paying four mortgages or rents for a full year

PORTLAND, Ore. — OnPoint Community Credit Union is asking the public to nominate exceptional educators for its 17^th annual Prize for Excellence in Education. The program will award $193,000 to eight outstanding educators and five schools across Oregon and southwest Washington.

“OnPoint was founded by teachers more than 90 years ago, and we honor our roots by celebrating educators in our community who inspire future generations,” said Rob Stuart, president and chief executive officer of OnPoint Community Credit Union. “Every day, educators help students build confidence, curiosity and opportunity. We invite the community to once again help us recognize these educators by nominating them for the OnPoint Prize.”

Four winning educators will have their mortgage or rent paid by OnPoint for one year. Four runners-up will each receive a $5,000 cash prize. The OnPoint Prize also includes the Community Builder Award for innovative school projects. Four schools will receive $2,000, and a fifth school selected by community votes will receive $5,000.

About the Nomination Process

Anyone can nominate an outstanding educator or apply for a Community Builder award at onpointprize.com. Educators may also nominate themselves. Applicants must be full-time or job-share classroom teachers, counselors, school administrators or librarians for grades Pre-K-12. They must work in an accredited public, private or charter school located within any county that OnPoint serves. OnPoint also accepts applications for the Community Builder awards within those same counties. The nomination period closes at 11:59 p.m. PST on Tuesday, April 7. Educator of the Year finalists and Community Builder winners will be announced on May 6.

Since 2010, the OnPoint Prize has awarded more than $1 million in prizes to 347 local educators and schools.

This year’s awards include:

• Educators of the Year: Four educators will have their mortgage or rent paid for one year and receive a $2,500 donation to their schools for resources and supplies. One educator from each category below will be chosen:
  • Grades K-5
  • Grades 6-8
  • Grades 9-12
  • Gold Star: This category recognizes one educator who is a pre-kindergarten teacher, school counselor, substitute teacher, librarian or school administrator.

Runners-up: Four educators, one from each of the above categories, will receive a $5,000 cash award and a $1,500 donation to each of their schools for resources and supplies.

• Community Builder Awards: One school, selected by community votes, will receive $5,000 for a project that will meaningfully improve that school or community. Four additional schools will each receive $2,000 for special projects.

About last year’s winners

The winners of the 2025 Educators of the Year who had their mortgage or rent paid over the last year were:

• Ricardo Barber, 3^rd grade teacher at Faubion Elementary, Portland, Ore.
• Rhiannon Young, 6^th-8^th grade teacher at Corbett Middle School, Corbett, Ore.
• Sophia Aguirre, 9^th-12^th grade English Language Development at Aloha High School, Beaverton, Ore.
• Hang Jones, Social Worker at Marysville Elementary School, Portland, Ore.

OnPoint awarded five Community Builder grants in 2025 to fund innovative school projects that inspire students, foster community, demonstrate a commitment to diversity, equity and inclusion and reach a broad segment of the school community.

The $5,000 Community Builder Award, selected by community votes, went to Morningside Elementary School in Salem, Ore. The award funded new portable risers for the school’s choir program, giving every student a safe, visible place during performances and community events. Four schools received the $2,000 award:

• Abiqua School: Nature Trail – A Path to Outdoor Learning (Salem-Keizer School District, Salem, Ore.)
• Innovation Academy: Community Garden (Medford School District, Medford, Ore.)
• Sherwood Charter School: H.E.A.R.T Care Closet (Sherwood School District, Sherwood, Ore.)

Skyridge Middle School: Flood Recovery for Books (Camas School District, Camas, Wash.)

For information about the OnPoint Prize for Excellence in Education, additional qualifications and contest rules, please visit onpointprize.com. 

###

About OnPoint Community Credit Union

OnPoint Community Credit Union is the largest credit union headquartered in Oregon, with assets of over $9.5 billion and serving more than 633,000 members throughout Oregon and southwest Washington. Founded in 1932, OnPoint Community Credit Union’s membership is available to anyone who lives or works in one of 28 Oregon counties (Benton, Clackamas, Clatsop, Columbia, Coos, Crook, Curry, Deschutes, Douglas, Gilliam, Hood River, Jackson, Jefferson, Josephine, Klamath, Lane, Lincoln, Linn, Marion, Morrow, Multnomah, Polk, Sherman, Tillamook, Wasco, Washington, Wheeler and Yamhill) and who lives, works, worships, or attends school in one of four Washington counties (Clark, Cowlitz, Lewis, and Skamania), and their immediate family members. OnPoint Community Credit Union is federally insured by the National Credit Union Administration (NCUA). More information is available at onpointcu.com.