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 March of 2014, it had grown to 1,206 employees and 857,870 members. Boeing Employees Credit Union's savings rates are 12X the national average, and it boasts a A+ health rating.
You can apply for membership at BECU if you are a Washington state resident, or if you meet any of the following eligibility requirements: * You live, work, worship, or attend school within a Washington state school district * You are a past or present employee (or the family member of an employee) of: The Boeing Company, its subsidiaries or affiliates, BECU, or The Museum of Flight in Seattle * You own a small business located in Washington state and satisfy our business account requirements (for Small Business Membership) * You are a current employee of a subsidiary or affiliate previously owned or operated in whole or in part by The Boeing Company * You are a federal employee stationed at a Boeing Company facility * You are an officer or full-time employee of a labor bargaining agency representing Boeing employees * You are currently receiving, or eligible to receive, benefits from a company whose current employees are eligible for BECU membership * You are related by descent, adoption, marriage, or domestic partnership to a person meeting one of the above criteria - See Details
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
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.
This is my first credit union that I've been with and I must say that I've had nothing but pleasant experiences with them. Granted, it isn't the most well-designed credit union when it comes to customer service or website design, but it is very easy to get along with those who are working within the company. They have been very understanding for my situation as I'm in college so NSF fees (and a very few at that) have been the only minor marks on my record.
I've been around BECU for a while but I like the community feel that you get when you go into the same few banks and staff know who you are. The other day someone actually said Hi and used the proper pronunciation of my name. Made me smile!
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Boeing Employees Credit Union had $34.81 million in non-current loans and owned real-estate with $1.27 billion in equity and loan loss allowances on hand to cover it. This gives Boeing Employees Credit Union a Texas Ratio of 2.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Boeing Employees Credit Union decreased dramatically from 5.02% as of March 31, 2013 to 2.74% as of March 31, 2014, resulting in a positive change of 45.36%.This indicates that the balance sheet and financial strength for Boeing Employees Credit Union has improved dramatically in recent periods.
In the past year, Boeing Employees Credit Union has increased its total deposits by $719.95 million, resulting in 6.84% 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.
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 $12.6 billion in assets with $1.27 billion in equity, resulting in a capitalization level of 10.06%, which is above average.
|Assets and Liabilities|
|Equity Capital||$1.18 billion|
|Loan Loss Allowance||$86.97 million|
|Unbacked Noncurrent Loans||$29.74 million|
|Real Estate Owned||$5.08 million|
|Historic Data - March 2013|
|Equity Capital||$965.85 million|
|Loan Loss Allowance||$131.57 million|
|Unbacked Noncurrent Loans||$29.74 million|
|Real Estate Owned||$4.29 million|
|Profit Margin - Quarterly|
|Return on Assets||1.16%|
|Return on Equity||12.36%|
|Interest Income||$90.29 million|
Always verify rates and promotions with the bank or credit union. We are not Boeing Employees Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|6.17%||-||$500||Early Saver Savings|
|4.07%||-||$500||Member Advantage Savings|
|0.10%||-||-||Member Share Savings|
|0.10%||-||-||Business Share Savings|
|0.10%||-||-||Variable IRA Savings|
|0.10%||-||-||Health Savings Account|
|0.35%||$50k||-||Money Market w/ Member Advantage|
|0.20%||$50k||-||Business Money Market|
|4.07%||-||$500||Member Advantage Checking|
|0.05%||-||-||Business Interest Bearing Checking|
|1.21%||$50k||-||60 Month CD w/ Member Advantage|
|1.01%||$50k||-||48 - 59 Month CD w/ Member Advantage|
|0.95%||$50k||-||60 Month CD|
|0.95%||$50k||-||Business 60 Month CD|
|0.90%||$50k||-||36 - 47 Month CD w/ Member Advantage|
|0.75%||$50k||-||48 - 59 Month CD|
|0.75%||$50k||-||Business 48 - 59 Month CD|
|0.65%||$50k||-||24 - 35 Month CD w/ Member Advantage|
|0.65%||$50k||-||36 - 47 Month CD|
|0.65%||$50k||-||Business 36 - 47 Month CD|
|0.60%||$50k||-||24 Month Bump CD w/ Member Advantage|
|0.55%||$50k||-||18 - 23 Month CD w/ Member Advantage|
|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||-||24 - 35 Month CD|
|0.40%||$50k||-||3 - 5 Month CD w/ Member Advantage|
|0.40%||$50k||-||Business 24 - 35 Month CD|
|0.35%||$50k||-||24 Month Bump CD|
|0.35%||$50k||-||Business 24 Month Bump CD|
|0.30%||$50k||-||18 - 23 Month CD|
|0.30%||$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|
|1.21%||$50k||-||60 Month IRA Certificate w/ Member Advantage|
|1.01%||$50k||-||48 Month IRA Certificate w/ Member Advantage|
|0.95%||$50k||-||60 Month IRA Certificate|
|0.90%||$50k||-||36 Month IRA Certificate w/ Member Advantage|
|0.75%||$50k||-||48 Month IRA Certificate|
|0.65%||$50k||-||24 Month IRA w/ Member Advantage|
|0.65%||$50k||-||36 Month IRA Certificate|
|0.60%||$50k||-||24 Month Bump IRA Certificate w/ Member Advantage|
|0.55%||$50k||-||18 Month IRA Certificate w/ Member Advantage|
|0.50%||$50k||-||12 Month IRA w/ Member Advantage|
|0.45%||$50k||-||12 Month Bump IRA Certificate w/ Member Advantage|
|0.40%||$50k||-||24 Month IRA|
|0.35%||$50k||-||24 Month Bump IRA Certificate|
|0.30%||$50k||-||18 Month IRA Certificate|
|0.25%||$50k||-||12 Month IRA|
|0.20%||$50k||-||12 Month Bump IRA Certificate|