NW Preferred Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.30% | 5-year CD | 60 Month Smart Growth CD 2.50% - Ally Bank High Yield 5 Year CD |
| 0.55% | 1-year CD | 12-17 Month CD |
| 1.15% | 4-year CD | 48-59 Month CD |
NW Preferred Federal Credit Union is headquartered in Portland and is the 26th largest credit union in the state of Oregon. It is also the 1,397th largest credit union in the nation. It was established in 1940 and as of December of 2017, it had grown to 33 employees and 8,996 members at 2 locations. NW Preferred Federal Credit Union 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. Membership is also open to licensed insurance professionals in Oregon, Washington or Idaho.
See current membership details
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Great Services
Northwest Preferred Federal Credit Union servves Pacific Northwest insurance professionals. They were able to help me when no one else would, with a car loan at a low rate I could afford. They have very little internet presence in terms of what people typically see as required services (account lookup works poorly) but they are very nice at the branch and have always been able to assist me in a satisfactory way. Their rates are second to none, and they are able to look to the individual instead of looking at you like a number. I have had credit issues but again they were there to assist me when no one, even other credit unions, was able to help me. I would highly recommend this bank for any insurance professionals looking for a good credit union.
Excellent Credit Union
This credit union has a couple of locations in the Pacific Northwest. They deal exclusively with insurance professionals, so not everyone can become a member. They offer many products, including home and car loans, unsecured loans, credit cards and other financial products in addition to the standard checking and savings accounts. Their customer service is excellent and they are always there for me. They administer a savings account as well as anyone else would, and their rates are excellent. The nice thing about a credit union is that they make choices based on what's best for their members and not in terms of making as much profit as possible like the big banks. In all my interactions with them, they've always made me feel like I'm important, even though I don't have a massive checking account balance. Overall, if you're eligible to become a member I would absolutely recommend this credit union.
Excellent Credit Union
This credit union was really able to help me out when I had major financial problems. It is only for professionals in the insurance industry in the Pacific Northwest, so it's not available to everyone. However, they did a great job for me, even though I only work for a bank and not an insurance company. I had major debt problems and urgently needed to consolidate some credit cards. My credit score was very bad but they were able to really help me out when virtually no one else would. Now that my situation is improving I will definitely go there first when I need credit products in the future. Their fees are nonexistent and the cost of their products (rates, etc.) are unbelievable in this day and age. Their website is poor. There are only two physical locations and virtually no ATMs, so I don't think I would want to have my checking here, but overall they were really able to help me out.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3853 |
| Year Chartered | 1940 |
| Employees | 33 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 8.65% |
| Annual Interest Income | $5.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $123.9MM$126.1MM |
| Loans | Q4 2017vs Q4 2016 | $97.6MM$93.9MM |
| Deposits | Q4 2017vs Q4 2016 | $110.9MM$114.0MM |
| Equity Capital | Q4 2017vs Q4 2016 | $12.3MM$11.2MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $1.4MM$1.3MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $613.00K$936.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $266.00K$0 |
Always verify rates and promotions with the bank or credit union. We are not NW Preferred Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
NW Preferred Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $1k | Health Savings Account | ||
| OTHER TIERS: 0.20% → $1k+ | |||||
| 0.25% | - | - | IRA Share Account | ||
| 0.25% | - | - | Holiday Account | ||
| 0.25% | - | - | Vacation Club Account | ||
| 0.05% | - | - | Tax Account | ||
NW Preferred Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $10k* | - | Money Market Account | ||
| OTHER TIERS: 0.10% → Up to $10k | |||||
NW Preferred Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.02%* | $500* | - | Free Checking | ||
| OTHER TIERS: 0.01% → Up to $500 | |||||
NW Preferred Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.70% | $100 | - | 84 Month Smart Growth CD | |
| 1.65% | $500 | - | 72 Month CD | |
| 1.49% | $500 | - | 18-23 Month CD | |
| 1.40% | $500 | - | 60-71 Month CD | |
| 1.30% | $100 | - | 60 Month Smart Growth CD | |
| 1.15% | $500 | - | 48-59 Month CD | |
| 1.10% | $100 | - | 36 Month Smart Growth CD | |
| 1.00% | $500 | - | 36-47 Month CD | |
| 0.75% | $500 | - | 24-35 Month CD | |
| 0.55% | $500 | - | 12-17 Month CD | |
| 0.45% | $500 | - | 6-11 Month CD |
NW Preferred Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.70% | $100 | - | 84 Month Smart Growth IRA Certificate | |
| 1.65% | $500 | - | 72 Month IRA | |
| 1.50% | $500 | - | 18-23 Month IRA | |
| 1.40% | $500 | - | 60-71 Month IRA | |
| 1.30% | $100 | - | 60 Month Smart Growth IRA Certificate | |
| 1.15% | $500 | - | 48-59 Month IRA | |
| 1.10% | $100 | - | 36 Month Smart Growth IRA Certificate | |
| 1.00% | $500 | - | 36-47 Month IRA | |
| 0.75% | $500 | - | 24-35 Month IRA | |
| 0.55% | $500 | - | 12-17 Month IRA | |
| 0.45% | $500 | - | 6-11 Month IRA |
| NW Preferred Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 8950 SW Burnham St | Portland, OR 97223 |
| Branch Office | 393 E Florence St | Stayton, OR 97383 |