Pacific NW Federal Credit Union is a member-owned financial cooperative existing to provide high quality products and services, which enable our membership to achieve financial health and independence.
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. Click here for membership eligibility.
With the current media coverage on troubled banks, you may be wondering if your accounts are secure at the credit union. The short answer is, yes!
Not only is our credit union sound and stable, every credit union in Oregon is federally insured by a fund that is backed by the full faith and credit of the U.S. government. The National Credit Union Share Insurance Fund (NCUSIF) insures accounts to $250,000 per account (with additional coverage of up to $250,000 for certain retirement accounts), just as the FDIC does for banks. For more information on federal share insurance click here.
We offer credit union services to over 300 federal agencies and select employee groups. We are a $127 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:
2013 was a good year for Pacific NW Federal Credit Union. We had a good year in terms of developing our member service capabilities and a good year in terms of financial performance.
During 2013 we improved member service by:
We continue to strengthen the quality of our loan portfolio and improve the quality of our overall balance sheet.
During 2014 our focus will be to increase the convenience and quality of member service.
Our most significant offering to members in 2014 is that we have $20 million to lend. This is an opportunity for our members to realize that dream of a new car, RV or house. Helping you to achieve that dream meets our mission to be your financial partner for life.
Paresh Patel, Ph. D., MBA
Chariman of the Board
Thomas E. Griffith, CMA
Chief Executive Officer