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Big Bank Customers: Make the switch to Northwest Resource
Big Bank Customers: make the switch to a local not-for-profit financial cooperative!
Our free Premium Checking
account is loaded with money-saving benefits:
And our Resource Rewards program rewards you for being an active member of our financial cooperative.
What are the differences between Credit Unions and Banks?
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Credit Unions |
Banks |
| Type of Organization |
Not-for-profit financial cooperative |
Generate profit for stockholders |
| Who Owns It |
Members |
Stockholders |
| Board of Directors |
Volunteer members (unpaid) |
Stockholders (paid) |
| Income Comes From |
Interest from loans, non-interest income |
Investments, fees, interest from loans |
| Income Goes To |
Members
(in for form of better rates and fewer fees) |
Stockholders |
| Who Can Join |
Anyone within a designated field of membership |
Anyone |
| Deposits Insured By |
NCUA
(National Credit Union Administration) |
FDIC
(Federal Deposit Insurance Corporation) |
| Access |
3,800 Shared Branches |
Only branches owned by the bank |
How to open an account:
- Visit our Membership page and fill out an application or stop by our branch to open your account in person.
- Use our Checking Account Switch Kit to simplify the process.
- Experience the rewards of buying local!
*Subject to credit approval
**Official Rules
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