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Overview / Commentary
800-331-0968
12630 SE Division St
Portland, OR 97236-3132

Nw Priority Credit Union is headquartered in Portland and is the 14st largest credit union in the state of Oregon. It is also the 841st largest credit union in the nation. It was established in 1928 and as of March of 2014, it had grown to 48 employees and 17,109 members. Nw Priority Credit Union's savings rates are 15% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must be a postal service employee. Also open to members of the Air and Army National Guard and Reserve and employees of several other companies. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Priority Credit Union had $526,000 in non-current loans and owned real-estate with $28.2 million in equity and loan loss allowances on hand to cover it. This gives Nw Priority Credit Union a Texas Ratio of 1.86% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Nw Priority Credit Union experienced no significant changes from 1.37% as of March 31, 2013 to 1.86% as of March 31, 2014, resulting in a negative change of 35.83%. This indicates that the balance sheet and financial strength for Nw Priority Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Nw Priority Credit Union has decreased its total deposits by $-225,000, resulting in -0.11% 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 Priority Credit Union has shown is average.

Capitalization

GRADE:
A+

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 Priority Credit Union has $232.46 million in assets with $28.2 million in equity, resulting in a capitalization level of 12.13%, which is excellent.

Institution Statistics

Overall
NCUA #63315
Year Chartered1928
Employees48
Primary Regulator
Assets and Liabilities
Assets$232.46 million
Loans$81.95 million
Deposits$204.12 million
Equity Capital$27.41 million
Loan Loss Allowance$791,000
Unbacked Noncurrent Loans$526,000
Real Estate Owned$0
Historic Data - March 2013
Assets$232.57 million
Equity Capital$26.76 million
Loan Loss Allowance$701,000
Unbacked Noncurrent Loans$526,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.22%
Return on Assets0.04%
Return on Equity0.32%
Interest Income$1.29 million
Rates
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Nw Priority Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%-$6kChristmas Club Account
0.60%-$6kTax Account
0.25%--IRA Savings Account
0.05%--Share Account
0.05%--Select Account

Nw Priority Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Account

Nw Priority Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$50k-3 Year CD
0.50%$50k-2 Year CD
0.35%$50k-18 Month CD
0.30%$50k-1 Year CD
0.25%$50k-6 Month CD

Nw Priority Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$50k-3 Year IRA
0.70%$50k-2 Year IRA
0.45%$50k-1 Year IRA
Locations


Nw Priority Credit Union Locations
Branch Office12630 SE Division StPortland, OR 97236-3132
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