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Overview / Commentary
1515 Dexter Ave N
Seattle, WA 98109-3017

Salal Credit Union is headquartered in Seattle and is the 22nd largest credit union in the state of Washington. It is also the 593rd largest credit union in the nation. It was established in 1948 and as of March of 2014, it had grown to 116 employees and 33,476 members. Salal Credit Union has a A health rating.

Field of Membership Restrictions

Anyone who lives or works in Washington State. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


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 Salal Credit Union had $707,000 in non-current loans and owned real-estate with $36.56 million in equity and loan loss allowances on hand to cover it. This gives Salal Credit Union a Texas Ratio of 1.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Salal Credit Union decreased slightly from 2.46% as of March 31, 2013 to 1.93% as of March 31, 2014, resulting in a positive change of 21.49%.This indicates that the balance sheet and financial strength for Salal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Salal Credit Union has increased its total deposits by $8.14 million, resulting in 2.6% 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 Salal Credit Union has shown is above average.



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. Salal Credit Union has $368.88 million in assets with $36.56 million in equity, resulting in a capitalization level of 9.91%, which is above average.

Institution Statistics

NCUA #66349
Year Chartered1948
Primary Regulator
Assets and Liabilities
Assets$368.88 million
Loans$260.35 million
Deposits$320.92 million
Equity Capital$32.57 million
Loan Loss Allowance$3.99 million
Unbacked Noncurrent Loans$707,000
Real Estate Owned$0
Historic Data - March 2013
Assets$361.38 million
Equity Capital$34.06 million
Loan Loss Allowance$3.78 million
Unbacked Noncurrent Loans$707,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.25%
Return on Assets0.1%
Return on Equity1.14%
Interest Income$3.76 million

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Salal Credit Union Savings Account Rates

0.25%$100k-Analyzed Account
0.15%$100k-Primary Savings
0.15%$100k-Extra Savings
0.15%$100k-My Savings
0.15%$100k-IRA Savings
0.15%$100k-Youth Savings
0.15%$100k-Roth IRA Savings
0.15%$100k-CESA Savings
0.15%$50k-Business Savings (non-profits only)

Salal Credit Union Money Market Rates

0.15%$50k-Premium Plus Money Market
0.15%$50k-Business Money Market

Salal Credit Union Checking Account Rates

0.20%$100k-Essential Business Cash Management
0.20%$100k-Business Interest Checking
0.08%$25k-Salal Silver Horizons
0.05%$10k-Basic Business Checking

Salal Credit Union CD Rates

1.40%$25k$100k48 Month Share Certificate
1.40%$100k-48 Month Jumbo Share Certificate
0.90%$25k$100k36 Month Share Certificate
0.90%$100k-36 Month Jumbo Share Certificate
0.65%$25k$100k30 Month Share Certificate
0.65%$100k-30 Month Jumbo Share Certificate
0.55%$10k$100k24 Month Share Certificate
0.55%$100k-24 Month Jumbo Share Certificate
0.45%$25k$100k18 Month Share Certificate
0.45%$100k-18 Month Jumbo Share Certificate
0.35%$100k-24 Month Jumbo Youth Certificate
0.32%$50k$100k24 Month Youth Certificate
0.30%$100k-12 Month Jumbo Share Certificate
0.25%$50k$100k12 Month Share Certificate
0.25%$100k-Business 6-18 Month Choice CD
0.20%$100k-6 Month Jumbo Share Certificate
0.20%$100k-9 Month Jumbo Share Certificate
0.20%$100k-6 Month Jumbo Choice Certificate
0.15%$50k$100k6 Month Choice Certificate
0.15%$50k$100k6 Month Share Certificate
0.15%$50k$100k9 Month Share Certificate

Salal Credit Union IRA Rates

1.40%$25k$100k48 Month IRA Certificate
1.40%$100k-48 Month Jumbo IRA Certificate
0.90%$25k$100k36 Month IRA Certificate
0.90%$100k-36 Month Jumbo IRA Certificate
0.65%$10k$100k30 Month IRA Certificate
0.65%$100k-30 Month Jumbo IRA Certificate
0.55%$10k$100k24 Month IRA Certificate
0.55%$100k-24 Month Jumbo IRA Certificate
0.45%$25k$100k18 Month IRA Certificate
0.45%$100k-18 Month Jumbo IRA Certificate
0.30%$100k-12 Month Jumbo IRA Certificate
0.25%$50k$100k12 Month IRA Certificate
0.20%$100k-6 Month Jumbo IRA Certificate
0.20%$100k-9 Month Jumbo IRA Certificate
0.15%$50k$100k6 Month IRA Certificate
0.15%$50k$100k9 Month IRA Certificate

Salal Credit Union Locations
Branch Office310 Westlake Ave NSeattle, WA 98109
Branch Office690 Strander BlvdTukwila, WA 98188
Branch Office11023 8th Ave NESeattle, WA 98125
Branch Office115 15th Ave ESeattle, WA 98112
Branch Office1048 116th Ave NEBellevue, WA 98004-4640