5 star ratingAverage User Rating:
5 star rating based on 4 reviews.

Boeing Employees Credit Union

Boeing Employees Credit Union Locations
12770 Gateway Drive
Tukwila, WA 98168
800-233-2328
www.becu.org



Boeing Employees Credit Union is headquartered in Tukwila and is the largest credit union in the state of Washington. It is also the 4th largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 1,009 employees and 744,354 members. Boeing Employees Credit Union has a 4-star health rating.

Boeing Employees Credit Union Routing Number: 325081403



See Rates for: Checking | Savings | Money Market | CD | IRA

Boeing Employees Credit Union Checking Account Rates

ApyMinMaxProduct
6.17%-$500Member Advantage Checking
0.05%--Checking
0.05%--Business Interest Bearing Checking

Boeing Employees Credit Union Savings Account Rates

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6.17%-$500Member Advantage Savings
6.17%-$500Early Saver Savings
0.10%--Member Share Savings
0.10%--Business Share Savings
0.10%--Variable IRA Savings
0.10%--Health Savings Account

Boeing Employees Credit Union Money Market Rates

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0.35%$50k-Money Market w/ Member Advantage
0.20%$50k-Money Market
0.20%$50k-Business Money Market

Boeing Employees Credit Union CD Rates

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1.46%$50k-60 Month CD w/ Member Advantage
1.26%$50k-48 - 59 Month CD w/ Member Advantage
1.21%$50k-60 Month CD
1.21%$50k-Business 60 Month CD
1.01%$50k-48 - 59 Month CD
1.01%$50k-36 - 47 Month CD w/ Member Advantage
1.01%$50k-Business 48 - 59 Month CD
0.85%$50k-24 - 35 Month CD w/ Member Advantage
0.80%$50k-24 Month Bump CD w/ Member Advantage
0.75%$50k-36 - 47 Month CD
0.75%$50k-Business 36 - 47 Month CD
0.65%$50k-18 - 23 Month CD w/ Member Advantage
0.60%$50k-24 - 35 Month CD
0.60%$50k-Business 24 - 35 Month CD
0.55%$50k-24 Month Bump CD
0.55%$50k-Business 24 Month Bump CD
0.50%$50k-12 - 17 Month CD w/ Member Advantage
0.45%$50k-6 - 11 Month CD w/ Member Advantage
0.45%$50k-12 Month Bump CD w/ Member Advantage
0.40%$50k-18 - 23 Month CD
0.40%$50k-3 - 5 Month CD w/ Member Advantage
0.40%$50k-Business 18 - 23 Month CD
0.25%$50k-12 - 17 Month CD
0.25%$50k-Business 12 - 17 Month CD
0.20%$50k-6 - 11 Month CD
0.20%$50k-12 Month Bump CD
0.20%$50k-6 Month Veterans Family Fund CD
0.20%$50k-Business 6 - 11 Month CD
0.20%$50k-Business 12 Month Bump CD
0.15%$50k-3 - 5 Month CD
0.15%$50k-Business 3 - 5 Month CD

Boeing Employees Credit Union IRA Rates

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1.46%$50k-60 Month IRA Certificate w/ Member Advantage
1.26%$50k-48 Month IRA Certificate w/ Member Advantage
1.21%$50k-60 Month IRA Certificate
1.01%$50k-48 Month IRA Certificate
1.01%$50k-36 Month IRA Certificate w/ Member Advantage
0.85%$50k-24 Month IRA w/ Member Advantage
0.80%$50k-24 Month Bump IRA Certificate w/ Member Advantage
0.75%$50k-36 Month IRA Certificate
0.65%$50k-18 Month IRA Certificate w/ Member Advantage
0.60%$50k-24 Month IRA
0.55%$50k-24 Month Bump IRA Certificate
0.50%$50k-12 Month IRA w/ Member Advantage
0.45%$50k-12 Month Bump IRA Certificate w/ Member Advantage
0.40%$50k-18 Month IRA Certificate
0.25%$50k-12 Month IRA
0.20%$50k-12 Month Bump IRA Certificate

Rates updated: 5/23/2012

Data for Q4 2011


Institution Statistics


BOEING EMPLOYEES
NCUA #62604
BankRate ReportView
Year Chartered1935
Employees1009
Primary Regulator

Assets and Liabilities

Assets$9.95 billion
Loans$6.83 billion
Deposits$9.07 billion
Equity Capital$788.24 million
Loan Loss Allowance$138.91 million
Unbacked Noncurrent Loans$86.16 million
Real Estate Owned$7.79 million

Historic Data - December 2010

Assets$9.18 billion
Equity Capital$667.92 million
Loan Loss Allowance$176.19 million
Unbacked Noncurrent Loans$99.27 million
Real Estate Owned$21.86 million

Profit Margin - Quarterly

Net Interest Margin4.25%
Return on Assets1.15%
Return on Equity14.56%
Interest Income$383.49 million
Non-Interest Income$139.52 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Boeing Employees Credit Union had $93.94 million in non-current loans and owned real-estate with $927.14 million in equity and loan loss allowances on hand to cover it. This gives Boeing Employees Credit Union a Texas Ratio of 10.13% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Boeing Employees Credit Union decreased slightly from 14.35% as of December 31, 2010 to 10.13% as of December 31, 2011, resulting in a positive change of 29.39%.This indicates that the balance sheet and financial strength for Boeing Employees Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Boeing Employees Credit Union has increased its total deposits by $658.48 million, resulting in 7.83% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Boeing Employees Credit Union has shown is excellent.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Boeing Employees Credit Union has $9.95 billion in assets with $927.14 million in equity, resulting in a capitalization level of 9.32%, which is average.
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One Of The Best Credit Unions
5 stars - jdb - Wednesday, May 9, 2012 - 6:58 AM

I have to say that BECU is one of the best credit unions. I live in Cincinnati, Ohio and do all my business with BECU via the web. The on-line access is great and you can do pretty much everything via the Internet. If I have to go to a branch, I have a shared branch close to me. I can do electronic deposits by scanning a check on my home scanner and even do a deposit on-line. If I need help, I make a phone call and they are always very helpful.

Recently I set-up savings accounts for each of my grandchildren and I can move funds from my accounts to the grandkids accounts on-line, simply and easily.

I wish more credit unions were like BECU.

3

Great Place To Do Buisness
5 stars - kmeke - Sunday, March 13, 2011 - 10:19 PM

Boeing Emplyees Credit Union is great credit union.  I have banked through multiple other banks before I finally found a place that I was happy with and realized that a credit union is way better then any bank. They have some of the best rates on checkings and savings accounts.  The tellers are always freindlly and they respect your time by getting out of there as soon as possible.  Another great benefit is there atm's do not cost you anything, that is rare.  One drawback of this is there is not enough of the atms around, but if you know where they are ahead of time you will be fine.  I have also done two car loans through them and was extremly satisfied with the entire process.  All in all Boeing Employees Credit Union is a great place to leave your money, you will be happy and you don't even need to work for Boeing to bank there.

 

Kmeke

3

Going The Extra Mile
5 stars - patrick51 - Sunday, March 13, 2011 - 11:12 AM

The tellers and management at BECU have always gone the extra mile for me and my friends i have referred to them. A friend of mine purchased a vehicle from Oregon the loan included the tax and licensing fee's. The car dealer kept the fees and refused to turn them over to to Washington state like they were suppose to. BECU loan department payed the tax and licensing for the vehicle and they went and recovered the money from the car dealer. Two thumbs up for the employees of BECU. thanks Patrick

3

BECU Is The Best!
5 stars - javagoddess - Thursday, May 26, 2011 - 12:40 AM

I was lucky enough to be able to bank with BECU before they went public, since my father retired from Boeing after many years. I had previously had very negative experiences with banks, from simple incompetence to greed all the way to having bank managers actually lie to me regarding my account. When I switched to BECU, I was shocked and pleased at how efficient, well trained, friendly and eager to help all the employees are and have continued to be. I won't bank with a regular "bank" ever again.

2