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 December of 2022, it had grown to 2,677 employees and 1,388,742 members at 59 locations. BECU (Boeing Employees Credit Union)'s CD rates are 4X the national average, and it has a B+ 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
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.
No customer service and really unhelpful staff. I have to drag information out of them or I have to already know how to fix the problem before dealing with them. They are very unresponsive--there is virtually no email; you have to wait on the phone for a really long time for everything; and can't use a break or a lunch to handle any banking matters with them. I never get my mail from them--I have had to physically show up in person for the last 3 card replacements. I don't have time, i have to work and they are SO SLOW you can't do anything in under 15 minutes. Car loans with them are messy--you have to know how the process already works and watch them. They claimed they didn't have my insurance info and instead of calling, they sent me a letter that they assessed me $3204 and my car payment went from $343 to $616. Once I was able to understand what was happening and get my insurer to send proof, they refunded me $1700, and the payment is now $453. I get to deal with this during the holiday. I have been a member for a long time and no one even called me. I am on my app daily, no messages. Terrible, awful, greedy snakes. Also, don't make car payment early. I did that on my first payment and they told me I NEVER made a payment and threatened to repossess my car. I want to move but it's hard but maybe I can warn others. STAY AWAY. It's not worth it
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.
Overall | |
---|---|
NCUA # | 62604 |
Year Chartered | 1935 |
Employees | 2677 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.37% |
Return on Equity - YTD | 5.44% |
Annual Interest Income | $843.7MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2022vs Q4 2021 | $28.78B$30.16B |
Loans | Q4 2022vs Q4 2021 | $16.41B$13.32B |
Deposits | Q4 2022vs Q4 2021 | $25.86B$26.06B |
Equity Capital | Q4 2022vs Q4 2021 | $1.95B$2.80B |
Loan Loss Allowance | Q4 2022vs Q4 2021 | $117.4MM$105.8MM |
Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $28.3MM$25.8MM |
Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.02% | - | - | Money Market w/ Member Advantage | |
1.51% | - | - | Money Market | |
1.51% | - | - | Business Money Market |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.04%* | - | $500 | Member Advantage Checking | ||
OTHER TIERS: 0.10% → $500+ | |||||
0.10% | - | - | Checking | ||
0.10% | - | - | Business Interest Bearing Checking |