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  2. NW Preferred Federal Credit Union

NW Preferred Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.15%5-year CD60-71 Month CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.30%1-year CD12-17 Month CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
0.90%4-year CD48-59 Month CD
1.50% - Ally Bank Raise Your Rate 4-Year CDAdvertisement
View all NW Preferred Federal Credit Union rates »

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

NW Preferred Federal Credit Union is headquartered in Tigard and is the 25th largest credit union in the state of Oregon. It is also the 1,378th largest credit union in the nation. It was established in 1940 and as of March of 2017, it had grown to 33 employees and 10,716 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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Reviews (2)

Excellent Credit Union

Posted by: bm1475 | Dec 16, 2016

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.

1

Excellent Credit Union

Posted by: unclebob | Sep 11, 2016

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.

1


Health
B+

Data as of Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #3853
Year Chartered1940
Employees33
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD6.82%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$127.1MM$128.3MM
LoansQ1 2017vs Q1 2016$93.8MM$94.8MM
DepositsQ1 2017vs Q1 2016$115.2MM$117.1MM
Equity CapitalQ1 2017vs Q1 2016$11.4MM$10.5MM
Loan Loss AllowanceQ1 2017vs Q1 2016$1.3MM$1.3MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$371.00K$1.3MM
Real Estate OwnedQ1 2017vs Q1 2016$0$0
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$1kHealth Savings Account
OTHER TIERS: 0.20% → $1k+
0.25%$5,500-IRA Share Account
0.25%$5,500-Roth IRA Share Account
0.25%--Holiday Account
0.25%--Vacation Club Account
0.25%$2k-Coverdell ESA Share Account
0.25%$5k-SEP IRA Share Account
0.05%--Tax Account

NW Preferred Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$10k*-Money Market Account
OTHER TIERS: 0.10% → Up to $10k

NW Preferred Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%*$500*-Better Than Free Checking Account
OTHER TIERS: 0.01% → Up to $500

NW Preferred Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 Federal Credit Union Locations
Branch Office8950 SW Burnham StTigard, OR 97223
Branch Office393 E Florence StStayton, OR 97383