At Northwest Resource, our goal is to provide our members with a rewarding experience. That’s why we’re introducing a new program that rewards you for choosing Northwest Resource and doing more business with us. Our Resource Rewards program is similar to an airline frequent flyer program where the more you fly on your favorite airline, the more you earn toward free air travel. With Resource Rewards, the more services you use at Northwest Resource, the more “points” you can earn. These points can be used to lower your loan rates, raise your savings rates, and pay for fees.

How do I earn Resource Rewards points?

• Earn 1 point for every $1 in interest you pay on a loan
• Earn 1 point for every $1 in dividends you earn on a deposit account
• Earn 100 points for every year you’ve been a Northwest Resource member

  Take advantage of special offers to earn additional bonus points:

• Earn 300 points when you refer a new member to Northwest Resource
• Earn 300 points when you buy a car through Autoland
• Earn 100 points when you set up automatic payments on a Northwest Resource loan
• Earn 100 points when you add GAP insurance to an auto loan
• Earn 100 points when you add MRC insurance to an auto loan
• Earn 100 points when you add Credit Life insurance to a loan
• Earn 100 points when you add Credit Disability insurance to a loan
• Earn 100 points when you have not had any NSFs or courtesy payments for a full calendar year
• Earn additional bonus points when you take advantage of specially marked promotions

What can I do with Resource Rewards points?

• Get a lower loan rate
  Reduce the rate on a new loan by .25% with 2,500 points, or by .50% with 5,000 points. Sorry, business loans, 1st lien mortgages, Investment Property Loans, and VISA loans cannot be discounted.
• Get a higher certificate account rate
  Raise the rate on a new or renewing certificate by .25% with 2,500 points, or by .50% with 5,000 points. Yes, this includes Certificate IRAs, Certificate HSAs, and Add-on Certificates.
• Pay a fee
  Once your pot of “lifetime” points hits 1000, you can start using them to pay fees. Just multiply the fee by 20 and that’s how many points you need to waive the fee. So, if you want to stop payment on a check (usually $20), you can waive it with 400 points. Or, use your points to pay for your next order of checks or a money order.

  You can also transfer your points to any other member at the Credit Union and combine your own points if you have more than one account with us.

How do I sign up for Resource Rewards?

There is no need to sign up – all Northwest Resource members are automatically signed up for Resource Rewards. As you continue to save, borrow, and use services with the credit union, your points will automatically accrue in your Resource Rewards account.

And to get you started, we have already credited all members as of July 1, 2006, with the points you would have earned based on dividends earned and interest paid since January 2005. Plus, we gave you 100 points for every year you have been a member (up to 3,000 points).

How do I know how many points I have earned?

You can check your points by logging into the Resource Rewards system (there are links to the system at the top of this page and on our home page.)

Simply enter your account number and the last 4 digits of your Social Security Number for the password. You will be asked to change your password after you log in for the first time. You’ll see how many lifetime points you have, how many total points are available to you, and a quick history of your Resource Rewards transactions.

Then, the next time you open a new certificate, apply for a loan, or pay a fee, simply let us know you would like to redeem some points. With Resource Rewards, you are in control. You decide how you want to earn points, and you decide how you want to spend points.

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Resource Rewards Frequently Asked Questions

Q. Can I use Resource Rewards points to adjust the rate on a loan or certificate I currently have with Northwest Resource?
A. Sorry…points can only be redeemed when opening a new loan or new certificate.

Q. What is the maximum I can buy up a certificate rate or buy down a loan rate?
A. The maximum adjustment is .50% with 5,000 points. You can only do rate adjustments in .25% (2,500 points) or .50% (5,000 points) increments.

Q. Can I use points to pay any kind of fee?
A. Any fee that is listed on our Fee Schedule can be paid with Resource Rewards points. Just multiply the fee by 20 and that is how many points you need.

Q. How will I know when I have points added to or taken out my account?
A. When you log into your online Resource Rewards account, you will see a complete transaction history of your account. You can see your points earned every month as well as any points you have used or transferred.

Q. Can I combine my points among my various accounts or give them to a friend or family member?
A. Yes. Your points are tracked per account number (not name) so if you have more than one account, you can ask us to transfer points from one account to another. You can also transfer or “gift” your points to a friend or family member who is a member of the credit union.

Q. What is the difference between “Lifetime” points and “Available” points?
A. Lifetime points are the total number of points you have earned since the beginning of Resource Rewards. Lifetime points do not decrease as you redeem points.
Available points are the number of points you have available to use. As you redeem points, your balance of available points will go down.

Q. How do I redeem points?
A. When you open a new loan or certificate, or order a fee based service, just let us know you want to use points. If you are charged a fee that you would like to reverse, just call and tell us. It’s that simple.

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Resource Rewards is a program of Northwest Resource Federal Credit Union. The program is subject to change or may be withdrawn without notice. Points earned remain the property of the member for up to one year after the program's termination unless earlier forfeited by resignation or termination of membership, or default on any Credit Union loan or obligation.

Points are awarded at the end of every month and will be posted to your Resource Rewards account no later than the 5th business day of the next month. Points are earned on the whole dollar only; there is no "rounding up." Loan rate buy down excludes Business Loans, 1st Lien mortgages, and VISA cards.