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P.O. Box 9750
Bellingham, WA 98227

Whatcom Educational Credit Union is headquartered in BELLINGHAM and is the 9th largest credit union in the state of Washington. It is also the 217st largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 251 employees and 71,716 members. Whatcom Educational Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Washington. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


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, 2013 Whatcom Educational Credit Union had $3.76 million in non-current loans and owned real-estate with $179.42 million in equity and loan loss allowances on hand to cover it. This gives Whatcom Educational Credit Union a Texas Ratio of 2.09% 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 Whatcom Educational Credit Union decreased dramatically from 4.31% as of December 31, 2012 to 2.09% as of December 31, 2013, resulting in a positive change of 51.46%.This indicates that the balance sheet and financial strength for Whatcom Educational Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Whatcom Educational Credit Union has increased its total deposits by $77.68 million, resulting in 10.92% 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 Whatcom Educational 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. Whatcom Educational Credit Union has $975.52 million in assets with $179.42 million in equity, resulting in a capitalization level of 18.39%, which is excellent.

Institution Statistics

NCUA #66373
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$975.53 million
Loans$704.27 million
Deposits$789.32 million
Equity Capital$170.96 million
Loan Loss Allowance$8.46 million
Unbacked Noncurrent Loans$3.30 million
Real Estate Owned$460,000
Historic Data - December 2012
Assets$882.40 million
Equity Capital$156.71 million
Loan Loss Allowance$10.51 million
Unbacked Noncurrent Loans$3.30 million
Real Estate Owned$1.38 million
Profit Margin - Quarterly
Net Interest Margin4.27%
Return on Assets1.41%
Return on Equity8.04%
Interest Income$33.64 million

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Whatcom Educational Credit Union Savings Account Rates

0.50%--Primary Savings
0.50%--Summer Savings
0.50%--Education Savings
0.50%--Health Savings Account
0.50%--IRA Savings
0.50%--IRA (SEP) Savings

Whatcom Educational Credit Union Money Market Rates

0.25%$2,500-Money Market Checking

Whatcom Educational Credit Union Checking Account Rates

0.10%--Check Plus Account
0.00%--Regular Checking
0.00%$250-Business Economy Checking
0.00%$150-Business Basic Checking

Whatcom Educational Credit Union CD Rates

0.50%--12 Month CD
0.50%--18 Month CD
0.50%--24 Month CD
0.50%--30 Month CD
0.50%--36 Month CD
0.50%--48 Month CD
0.50%--60 Month CD
0.25%--6 Month CD

Whatcom Educational Credit Union IRA Rates

0.50%--12 Month IRA (Traditional,Roth)
0.50%--18 Month IRA (Traditional,Roth)
0.50%--24 Month IRA (Traditional,Roth)
0.50%--30 Month IRA (Traditional,Roth)
0.50%--36 Month IRA (Traditional,Roth)
0.50%--48 Month IRA (Traditional,Roth)
0.50%--60 Month IRA (Traditional,Roth)
0.25%--6 Month IRA (Traditional,Roth)

Whatcom Educational Credit Union has 11 locations. Click to view all Whatcom Educational Credit Union locations.