NW Preferred Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.15%	5-year CD	60-71 Month CD 2.25% - Ally Bank High Yield 5 Year CD
0.30%	1-year CD	12-17 Month CD 1.50% - Ally Bank No Penalty 11-Month CD
0.90%	4-year CD	48-59 Month CD 1.50% - Ally Bank Raise Your Rate 4-Year CD

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 26^th largest credit union in the state of Oregon. It is also the 1,392^nd largest credit union in the nation. It was established in 1940 and as of June of 2017, it had grown to 33 employees and 10,901 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

Great Services

Posted by: laurelbartlett97 | Aug 17, 2017

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.

Comment

1

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.

Comment

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.

Comment

1

Health

B+

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #	3853
Year Chartered	1940
Employees	33
Primary Regulator

Profit Margin
Return on Assets - YTD	0.71%
Return on Equity - YTD	7.69%
Annual Interest Income	$2.7MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$125.0MM$125.8MM
Loans	Q2 2017vs Q2 2016	$94.1MM$94.9MM
Deposits	Q2 2017vs Q2 2016	$112.9MM$114.5MM
Equity Capital	Q2 2017vs Q2 2016	$11.7MM$10.7MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$1.3MM$1.3MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$1.1MM$1.5MM
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

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.