Overview / Commentary
Salal Credit Union is headquartered in Seattle and is the 16th largest credit union in the state of Washington. It is also the 400th largest credit union in the nation. It was established in 1948 and as of March of 2025, it had grown to 234 employees and 60,145 members at 5 locations. Salal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Salal Credit Union is open to anyone by being a member of the Salal Foundation or People’s Memorial Association ($50 lifetime membership). Membership is also open to those who live or work in the state of Washington and to those who live or work in the Oregon counties of Clackamas, Columbia, Deschutes, Douglas, Lane, Linn, Marion, Multnomah, or Washington.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66349 |
| Year Chartered | 1948 |
| Employees | 234 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.07% |
| Return on Equity - YTD | -0.9% |
| Annual Interest Income | $14.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.18B$1.21B |
| Loans | Q1 2025vs Q1 2024 | $921.9MM$938.7MM |
| Deposits | Q1 2025vs Q1 2024 | $1.05B$1.07B |
| Equity Capital | Q1 2025vs Q1 2024 | $92.3MM$89.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $8.7MM$8.9MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $3.8MM$1.7MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |