How is NW Preferred different from other financial intuitions?
We are the only credit union designed for insurance professionals by insurance professionals. We strive to be the financial partner of choice for agency owners, producers, brokers and others working within the licensed insurance industry. Unlike most banks and credit unions —which are in the insurance business—we offer only banking products and services.
Why should agents and owners choose a loan from NW Preferred for their business and personal loans?
Most other financial institutions base loan values on tangible assets. We, however, understand the insurance industry and look at other factors such as your book of business and your commission based income. This allows us to fund loans to you at lower rates and better terms than a traditional institution would be willing to do.
What makes our customer service different?
Simply put, our staff understands the insurance industry and your banking needs. We strive to be your financial partner dedicated to growing your business.
Can I do all my banking at NW Preferred?
Absolutely! We offer a full range of personal or professional products and services to handle all of your banking needs.
Who can join NW Preferred?
Two groups of people. Our primary focus and specialty are professionals who work in the licensed insurance industry. Additionally, anyone who works, lives or worships within the greater North Santiam communities of Stayton, Aumsville, Sublimity, Scio, Lyons, Gates, Mill City, Detroit, Idahna and Mehama are eligible.
Where is NW Preferred located?
Our main office is located in Portland, Oregon.
How can I bank with NW Preferred if I’m not located in Portland, Oregon?
Easily. We have designed our products to be readily accessible regardless of where our members are. Relationships are managed remotely either by telephone or mobile/online banking. This includes the ability to apply for loans, open savings or checking accounts, pay bills or transfer money 24/7, whenever it is most convenient for you.
How can I get started with NW Preferred?
Simply! You can experience all the benefits of membership today by creating your accounts or applying for a loan. Don’t hesitate to contact us if you have any questions.
NW Preferred is super easy to work with; they internally underwrite their own loans, which make them really fast and flexible. I definitely recommend them to others!
— Stacy Scott, Farmer’s Agent
I look at NW Preferred as being a fantastic business partner. They helped me to obtain capital to grow my business as well as a lot of my agencies. The process of working with them has been really seamless and simple.
— Mike Susee, Farmer’s District Manager
I was buying a property for my agency and was getting the run around at a local bank and buried in paperwork from a national bank specializing in agency loans. Then I met NW Preferred. They helped cut through the clutter and the purchase was done quickly. I was thankful then and now knowing we have a true partner that understands our business and is dedicated to helping us succeed.
— Brian Wilbur, Pacific Insurance Partners
It is refreshing to find a financial institution where you are dealt with on a first-name basis. A business model based on service at NW Preferred has not only led to a great partnership for many employees of our business, but has been instrumental in handling several accounts for my family.
— Marc Baker, Elliott, Powell, Baden & Baker
NW Preferred is like having a financial business partner sitting with you at the table. They listen to our needs and help determine the best way to achieve our goals. Once decisions are made, they help get the deal done in a matter of days, not weeks or months. We appreciate their commitment to our business.
— Eric Graham, Montgomery & Graham