- Savings & Checking
- Loans & Credit
- Mortgage & Home Equity
- Investments & Insurance
- Business Services
PNWFCU continues to push forward with some much needed refreshes of our branches. As I shared previously, our goal this year is to update the Hood River branch and start the design process on the Ross Complex branch. Hood River has been a little slower to start than we expected, but will still be completed before year-end.
In the second quarter of 2017 we saw the return of interest on dividend checking. I know 0.05% is not much, but it is a beginning.
PNWFCU continues to see strong deposit growth. This is a clear sign of member confidence in our credit union. The challenge is to balance that deposit growth with lending.
Members continue to be cautious about borrowing, a sensible stance given the scars we all have from The Great Recession. That does require PNWFCU to pay close attention to that balance of loans and deposits. This is the reason we continue to keep rates lower; higher rates would increase our deposits faster than we can lend out. Our alternative investing sources don’t provide sufficient return to be able to offer higher rates at this time.
- Tom Griffith, CMA, Chief Executive Officer
We were founded in 1942 by a handful of Bonneville Power Administration employees, and have continued to grow by adding other federal agencies and select employee groups to our membership. In 1999 we merged with Hessell-TPC Credit Union, with Mountain Valley Federal Credit Union in 2000, then with Pacific Retailers Omni Federal Credit Union in 2001. In 2004, we added Hood River, Wasco, Skamania and Klickitat counties, as well as a community in NE Portland to our membership eligibility.
We offer credit union services to over 300 federal agencies and select employee groups. We are a $165 million credit union with over 16,000 members, enjoying a full range of personal and business products and services. Our primary goal is to satisfy our members' financial needs with a high level of service, using three strategic objectives:
We would love to have you join PNWFCU! Eligibility requirements for membership include:
It only takes one "Yes!" to join, and membership is easy. Just call Member Service or visit any branch to complete a Member Relationship Agreement and make your initial membership share deposit of $5.00, or apply online.