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Overview / Commentary
503-620-6248
8950 SW Burnham St
Tigard, OR 97223

NW Preferred Credit Union is headquartered in Tigard and is the 25th largest credit union in the state of Oregon. It is also the 1,339th largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 34 employees and 9,196 members. NW Preferred Credit Union's savings rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Anyone who lives, works or worships in the greater North Santiam communities of Stayton, Aumsville, Sublimity, Lyons, Gates, Mill City, Detroit, Idahna and Mehama. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 NW Preferred Credit Union had $1.75 million in non-current loans and owned real-estate with $10.41 million in equity and loan loss allowances on hand to cover it. This gives NW Preferred Credit Union a Texas Ratio of 16.81% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for NW Preferred Credit Union decreased dramatically from 31.40% as of March 31, 2013 to 16.81% as of March 31, 2014, resulting in a positive change of 46.47%.This indicates that the balance sheet and financial strength for NW Preferred Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, NW Preferred Credit Union has increased its total deposits by $3.55 million, resulting in 3.28% 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 excellent.

Capitalization

GRADE:
C

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 $121.5 million in assets with $10.41 million in equity, resulting in a capitalization level of 8.57%, which is average.

Institution Statistics

Overall
NCUA #3853
Year Chartered1940
Employees34
Primary Regulator
Assets and Liabilities
Assets$121.50 million
Loans$89.08 million
Deposits$111.90 million
Equity Capital$9.14 million
Loan Loss Allowance$1.27 million
Unbacked Noncurrent Loans$1.39 million
Real Estate Owned$362,000
Historic Data - March 2013
Assets$117.59 million
Equity Capital$8.58 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$1.39 million
Real Estate Owned$1.05 million
Profit Margin - Quarterly
Return on Assets0.37%
Return on Equity4.9%
Interest Income$1.35 million
Rates

Always verify rates and promotions with the bank or credit union. We are not NW Preferred Credit Union, we are a rate comparison website and can not provide official rates or promotions.

NW Preferred Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$1kHealth Savings Account
0.25%$5k-IRA Share Account
0.25%$5k-Roth IRA Share Account
0.25%--Holiday Account
0.25%--Vacation Club Account
0.25%--Coverdell ESA Share Account
0.25%$5k-SEP IRA Share Account
0.05%--Youth Account
0.05%--Tax Account

NW Preferred Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$10k-Money Market Account

NW Preferred Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$25k-Preferred Checking Account
0.10%$25k-Better Business Checking Account
0.02%$500-Better Than Free Checking Account

NW Preferred Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.70%$100-84 Month Smart Growth CD
1.40%$500-72 Month CD
1.30%$100-60 Month Smart Growth CD
1.15%$500-60-71 Month CD
1.10%$100-36 Month Smart Growth CD
0.90%$500-48-59 Month CD
0.75%$500-36-47 Month CD
0.55%$500-24-35 Month CD
0.30%$500-12-17 Month CD
0.30%$500-18-23 Month CD
0.20%$500-6-11 Month CD

NW Preferred Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.40%$500-72 Month IRA
1.15%$500-60-71 Month IRA
0.90%$500-48-59 Month IRA
0.75%$500-36-47 Month IRA
0.55%$500-24-35 Month IRA
0.30%$500-12-17 Month IRA
0.30%$500-18-23 Month IRA
0.20%$500-6-11 Month IRA
Locations


NW Preferred Credit Union Locations
Branch Office8950 SW Burnham StTigard, OR 97223
Branch Office393 E Florence StStayton, OR 97383