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Boat Loans

Climb aboard

We finance many kinds of boats, all at a fantastic low rate. If you’re not happy with your current boat loan, we also do refinancing.

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Enjoy the open water

Whether you’re looking for the perfect fishing companion, or you want some serious speed, we’ve got the boat loan for you. We cover a wide variety of boat types, and we also do refinancing. With generous terms and up to 90% financing, choosing us is a no-brainer. Need extra protection? Both Guaranteed Asset Protection (GAP) and Credit Life and Disability insurance(s) are available for all of our vehicle loans.

  • Up to 90% financing available
  • Loans up to $100,000
  • Terms up to 240 months
  • Absolutely no prepayment penalties
  • Fast and easy online applications


Easy applications, fast reponses

We make it easy to get a loan you’ll love. Fill out an application right now and you’ll hear back within two business days.

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Monthly Payment


Rates as low as


All Rates

I deal with a lot of Banks and Credit Unions and I have to say NW PREFERRED FCU is #1 in my book, both in terms of friendliest and most professional, thank you for caring about the members. Thank you again for making my life easier.

Deborah - Aberdeen, WA


Rates and terms may vary based on a borrower’s credit qualifications. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval.

The Annual Percentage Rate is variable and is figured on the following basis: The Annual Percentage Rate will be calculated on the last day of each calendar quarter. The Credit Union starts by calculating the index, which is the average auction rate on 26-week U.S. Treasury Bills for the prior 3 months, rounded up to the nearest ¼%. The Credit Union adds a margin to the index. The amount of the margin is based on your credit profile and other factors the Credit Union deems appropriate. The margin for your account will be disclosed in a document provided when your account is opened. The total of the index plus the amount the Credit Union adds is the Annual Percentage Rate. The Annual Percentage Rate is divided by 12 to produce the monthly Periodic Rate. The adjustment of the Annual Percentage Rate affects your entire outstanding balance and is effective for the second full statement cycle following the calculation date. The minimum Annual Percentage Rate on your account is 8.75%. We will review your credit profile from time to time and may adjust the amount of the margin (and the resulting Periodic Rate and Annual Percentage Rate) based on your credit profile.

The Annual Percentage Rate is variable and subject to change on the first of each month. The quoted rate is established by adding a factor (based on borrower’s credit profile) to the 26-week Treasury Bill rate, rounded up to the nearest ¼%.

If the boat qualifies as a residence (has sleeping, sanitation and food preparation capabilities) the loan qualifies for extended terms.

Maximum Boat loan amount not to exceed $100,000.