BECU (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 2022, it had grown to 2,516 employees and 1,358,591 members at 59 locations. BECU (Boeing Employees Credit Union) has an A health rating.
Membership in BECU is open to anyone through membership in Northwest Credit Union Foundation's "Friends of the Foundation" ($20 membership fee). Membership is also open to the following: 1) those who live, work, worship, or attend school in the state of Washington; 2) those who live or work in Benton, Clackamas, Columbia, Lane, Linn, Marion, Multnomah, Polk, Washington, and Yamhill counties in Oregon; 3) current or former Boeing employees, employees of Boeing subsidiaries; 4) members of the University of Washington Alumni Association.
See current membership details
I am an 83yr old Vet. I have been member of BECU for many years I retired from Boeing in 2017 and purchased machines for home business. one broke and the company gave me a hard time with warranty so Olivia, manager of Bonney Lake branch, helped me with dispute which led to me returning it and BECU removed the large funds from their bank.
2 July2021, I went to Amazon Cust service for help with a Fire Stick. over 4th holiday the guy got into my computer and cleaned out our checking account. Olivia prepared the paperwork and BECU replaced our funds before they recovered them. Soc. Sec. told me that direct deposit into our new account would take 60 days, I called BECU and was told they could do nothing so I asked for a supervisor and got SHELBY in Spokane, she said our old canceled account still existed so she placed monitoring and alerts on our old account and when various on-line deposits arrive, she will transfer them into our new account. I am 83yrs old and have banked all my life. I have NEVER received such competent help from employees who are so pleasant to work with. I will tell everyone and never look at another bank.
Good bank, great rates. However can get a little trigger happy with overdrafts if you have a maxed out line of credit. Working on some math to find out if my 10.99% interest is being calculated properly as it appears it's not. However I won't change my review from 5 stars until I discuss with a banker in person.
I had an excellent experience opening a savings and checking account at BECU for my teen son who just got his first job. The customer service employee who assisted us was friendly, knowledgeable and very patient explaining the details about the account and helping my son set up both his ATM card and online banking account. The child/teen savings account gives generous interest for the first $500 and my son has enjoyed seeing his money grow. The website is easy to navigate and informative. We enjoy using a local credit union and are happy we chose BECU.
Discovered I am now unable to move money around like last month. I used BECU as my hub bank; No more.
Limits were $20k/ea, $100K/mo
Limits now $10k/ea (unless you pay an extra service fee), $50K/mo
Nothing like feeling trapped to make you jump ship.
|Return on Assets - YTD||0.01%|
|Return on Equity - YTD||0.1%|
|Annual Interest Income||$164.3MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$30.44B$28.23B|
|Loans||Q1 2022vs Q1 2021||$14.31B$12.54B|
|Deposits||Q1 2022vs Q1 2021||$26.75B$23.96B|
|Equity Capital||Q1 2022vs Q1 2021||$2.37B$2.61B|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$103.1MM$123.0MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$22.3MM$27.3MM|
|Real Estate Owned||Q1 2022vs Q1 2021||$0$334.00K|
Rates for BECU (Boeing Employees Credit Union) are currently being reviewed.