Puget Sound Cooperative Credit Union

Overview / Commentary
11201 Se 8Th St Suite 208
Bellevue, WA 98004

Puget Sound Cooperative Credit Union is headquartered in Bellevue and is the 33rd largest credit union in the state of Washington. It is also the 1,132nd largest credit union in the nation. It was established in 1936 and as of June of 2023, it had grown to 29 employees and 17,969 members at 4 locations. Puget Sound Cooperative Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Puget Sound Cooperative Credit Union is open to those who live, work, worship, or attend school in Washington State. Residents of Alaska, Arizona, Idaho, or Oregon who join NW Energy Coalition (NWEC) also qualify for membership.
See current membership details

Reviews (3)

Always Cheerful

I think the best part about having PSCCU as my credit union is that I never have to think about it. Everything just works (website, debit cards, etc.). There's always someone friendly and knowledgeable to answer the phone, and since it's a local branch, they remember who I am, and that always feels nice. Their web interface was recently revamped, and is much more attractive than it was. I don't use their mobile banking option, but I occasionally use their normal online banking portal via my phone when I'm out and about, and it works just as well on mobile Android devices. The only fees I've ever even seen or heard of with them is the $5 overdraft transfer fee (if you don't have money in checking, it will transfer enough to checking from savings). This can be disabled as a feature, however. If I did that, I would never have to pay any fees. I love this credit union, and am continuing to use them despite having moved. Even living far away from any of their branches, I still have no problem or inconvenience using them, as they, like other quality credit unions, participate in shared branches, so I can do anything I might need to do at any other credit union.

Good, community oriented CU

Posted by: |

I have had both a checking and a savings account here for over three years now. Until fairly recently my rural town in Washington (Vashon) had only big nationally established banks . Many locals worked together to create options due to dissatisfaction with the large banks. PSCCU worked well with those interested in providing more banking choices and a branch was established here in short order, even more quickly than had been first expected. When I walk in there is a almost never a wait (if there is, it is short) before speaking with a staff member. I have visited the CU on many occasions and have always had my questions answered satisfactorily. I have used their online services to swap money between savings and checking and have had no problems. I like their rates on overseas transactions because I often travel. I really get the feeling that the staff are here to serve the community and be a resource, instead of the larger banks that seemed more corporate and focused on fees. The town responded so well that there is even another CU here now. It's good to know that we have options now no matter what type of institution we prefer.

Require Hard Credit Inquiry To Become A Member

I submitted a membership application so I can open a CD account. Neither involve taking out credit, but they want to take a hard credit pull for the membership application, which could impact your credit score. I've previously opened three other local credit union accounts and none of them made hard credit inquiries when joining. Customer service was professional and responsive, but I didn't end up opening an account due to the hard pull.


Health Grade Components

NCUA #68204
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD4.45%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$241.9MM$186.8MM
LoansQ2 2023vs Q2 2022$217.0MM$155.5MM
DepositsQ2 2023vs Q2 2022$212.5MM$158.7MM
Equity CapitalQ2 2023vs Q2 2022$19.4MM$17.8MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$36.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$518.00K$426.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0

Rates for Puget Sound Cooperative Credit Union are currently being reviewed.


Puget Sound Cooperative Credit Union Locations
Branch Office9928 SW Bank RoadVashon, WA 98070
Corporate Office11201 SE 8th St Suite 208Bellevue, WA 98004-6420
Branch Office1703 Dock St Ste ATacoma, WA 98402-3235
Branch Office17620 Talbot Rd SRenton, WA 98055

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