O Bee Credit Union

Overview / Commentary
649 Woodland Square Loop Se Suite 100
Lacey, WA 98503

O Bee Credit Union is headquartered in Lacey and is the 26th largest credit union in the state of Washington. It is also the 719th largest credit union in the nation. It was established in 1955 and as of June of 2022, it had grown to 124 employees and 32,840 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

Reviews (4)

Worst Bank Ever

Posted by: |

I cashed a check for someone on a Friday and was told I could only get have them the other half once the checked cleared. So on the following Wednesday the check cleared and the money was released. On Friday the told me that the check was nsf. So the I said how could it be NSF if you cleared it and released the money to me. I was told that they give the banks an extra day to deposit the funds. But as the customer their policy is half when cashing check and other half upon clearing the check. Well I was giving the rest of the check so as the customer I'm under the impression that everything was good. The check cleared. Well they wanted me to repay the check plus the NSF fees. I said fat chance and was and still willing to take it to court. Needless to say I no longer bank there.

Worst Untruthful Credit Union Ever!

Posted by: |

I tried to open an account for my husband who has some mental health issues I was given the runaround and as we went to the process they wanted more and more verification then proceeded to tell me that it's standard policy when in fact I know that's a lie because somebody very close to us has an account with them did it completely online which is why we chose to go that route to begin with. Big waste of time not helpful or friendly 1,000% do not recommend would give it negative 5 Stars if I could

Don’T Do Business With Them!

Posted by: |

“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.

Posted by: |

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.


Health Grade Components

NCUA #60059
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.44%
Return on Equity - YTD5.75%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$492.5MM$438.8MM
LoansQ2 2022vs Q2 2021$436.4MM$329.9MM
DepositsQ2 2022vs Q2 2021$430.1MM$398.3MM
Equity CapitalQ2 2022vs Q2 2021$37.0MM$31.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.1MM$3.4MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$631.00K$985.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for O Bee Credit Union are currently being reviewed.


O Bee Credit Union Locations
Branch Office400 Cooper Point Rd SW Ste 1Olympia, WA 98502
Branch Office3900 CLEVELAND AVE SETUMWATER, WA 98501-4023
Branch Office8665 Martin Way ELACEY, WA 98516
Branch Office1201 E Yelm Ave Ste 100Yelm, WA 98597-9427
Branch Office149 Sussex Ave WTENINO, WA 98589
Branch Office8002 Pacific AveTacoma, WA 98408-5825
Corporate Office649 Woodland Square Loop SE Suite 100Lacey, WA 98503
Branch Office5062 Main StTacoma, WA 98407

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