O Bee Credit Union is headquartered in Lacey and is the 26th largest credit union in the state of Washington. It is also the 735th largest credit union in the nation. It was established in 1955 and as of September of 2021, it had grown to 112 employees and 32,433 members at 8 locations. O Bee Credit Union has an A health rating.
Field of Membership Restrictions
Membership with O Bee Credit Union is open to those who live or work in the state of Washington.
See current membership details
Don’T Do Business With Them!
“They are people helping people. That's what O Bee stands for!”
They should really Rethink this mission statement.
I got approved for a car loan purchased my car through a dealership and before the first payment was due the car started falling apart. After multiple attempts to contact dealer I never got a call back to rectify the situation. I returned the car to the dealer after TWO weeks. Like I said before I was required to make the first payment. Covid happened and I was in full communication with Obee in which I was able to pay what I could.
Then I lost both my jobs and become homeless but was still paying what I could. I had to turn to a debt relief program where I would still be paying my debt but In payments that I could afford.
If what they say in their mission statement had any truth to it then I would think that they would work with people who were trying their best to pay their bills.
It wasn’t like I drove the car for months then decided “meh I don’t want this anymore” it wasn’t like I am not willing to pay my bill. According to my debt relief program they are super aggressive going after me with court summons, not caring if I’m homeless again, not willing to do payment plans to help “people” not be homeless again.
So much for their mission statement. They are liars. Don’t do business with them.
They Will Hold Your Money At Whim Without Reason.
Obee for no other reason than, "Because we can." put a hold on my account without contacting me. I was away from home and my debit card declined, at first thinking, OMG. I have been hit by a spammer since I had well over a grand in my account, and I discovered my acount only had $0.72!! Nope instead they put a hold on my PAYCHECK!! Why? Did I have overdrafts??? No. never. Did I bounce checks?? No. Never..Did I owe them money?? No. Never, Did I default on loans?? No. Never. I called them and they simply told me that they put a hold on my paycheck because federally they can. Nice huh? So I needed gas to get home, my daughter was at home, did they care? No, not really. This was on a Saturday and they said they would send and "urgent" message for someone to get back to me on MONDAY. They basically told me I needed to sleep on the street until Monday. They would not lift the hold, not even on part of my check so I could get home safely. I caught them in 3 different lies in that phone conversation. Long story short, I am lucky to be alive because I had to hitchhike home. (Nope they wouldn't call a cab for me.) Nice...they put a woman in that kind of danger with the attitude of "Oh well." Try banking at Oly credit union. They don't put holds on paychecks just for the sake of a power trip.
Data as of Q3 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 60059 |
| Year Chartered | 1955 |
| Employees | 112 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.83% |
| Return on Equity - YTD | 23.44% |
| Annual Interest Income | $11.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2021vs Q3 2020 | $456.1MM$406.0MM |
| Loans | Q3 2021vs Q3 2020 | $337.5MM$307.8MM |
| Deposits | Q3 2021vs Q3 2020 | $412.1MM$366.6MM |
| Equity Capital | Q3 2021vs Q3 2020 | $35.0MM$27.8MM |
| Secondary Capital | Q3 2021vs Q3 2020 | $2.0MM |
| Loan Loss Allowance | Q3 2021vs Q3 2020 | $3.3MM$4.1MM |
| Unbacked Noncurrent Loans | Q3 2021vs Q3 2020 | $961.00K$1.0MM |
| Real Estate Owned | Q3 2021vs Q3 2020 | $0$0 |