NW Preferred Credit Union

NW Preferred Credit Union Locations
8950 SW Burnham St
Tigard, OR 972811269
(503) 620-6248
www.mycreditunion.com

NCUA

NW Preferred Credit Union is headquartered in Tigard and is the 26th largest credit union in the state of Oregon. It is also the 1,348th largest credit union in the nation. It was established in 1940 and as of March of 2013, it had grown to 34 employees and 8,984 members. NW Preferred Credit Union has a 3-star health rating.

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5.75% 35-Month / 5.65% 18-Month CD at an Oregon CU (NW Preferred) - 3/12/2007

NW Preferred Credit Union is offering Flexible Term CDs with a yield of 5.75% and 5.65% APY. The 5.75% APY certificate has terms from 35 to 48 months and the 5.65% APY certificate has terms from 18 to 35 months. The minimum deposit is $500. These are...

5.65% 24-Month / 5.50% 11-Month CD at an Oregon CU (NW Preferred) - 2/23/2007

NW Preferred Credit Union is offering a special 5.65% APY IRA certificate with terms from 12 to 24 months. The minimum deposit is $500. Also available are regular certificates with a yield of 5.50% APY. Terms from 6 to 11 months can be chosen. The...


Data for Q1 2013


Institution Statistics


NW PREFERRED
NCUA #3853
BankRate ReportView
Year Chartered1940
Employees34
Primary Regulator

Assets and Liabilities

Assets$117.59 million
Loans$81.61 million
Deposits$108.35 million
Equity Capital$8.58 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$2.08 million
Real Estate Owned$1.05 million

Historic Data - March 2012

Assets$118.00 million
Equity Capital$8.84 million
Loan Loss Allowance$1.13 million
Unbacked Noncurrent Loans$2.22 million
Real Estate Owned$667,000

Profit Margin - Quarterly

Net Interest Margin1.4%
Return on Assets0.08%
Return on Equity1.07%
Interest Income$1.34 million
Non-Interest Income$242,000

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 NW Preferred Credit Union had $3.13 million in non-current loans and owned real-estate with $9.97 million in equity and loan loss allowances on hand to cover it. This gives NW Preferred Credit Union a Texas Ratio of 31.40% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for NW Preferred Credit Union held steady from 28.99% as of March 31, 2012 to 31.40% as of March 31, 2013, resulting in a negative change of 8.30%. This indicates that the balance sheet and financial strength for NW Preferred Credit Union has held steady in recent periods.
Deposit Growth3
In the past year, NW Preferred Credit Union has increased its total deposits by $45,000, resulting in 0.04% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth NW Preferred Credit Union has shown is average.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. NW Preferred Credit Union has $117.59 million in assets with $9.97 million in equity, resulting in a capitalization level of 8.48%, which is average.
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