Salal Credit Union


Overview / Commentary
206-298-9394
9706 4Th Ave Ne Ste 400
Seattle, WA 98115

Salal Credit Union is headquartered in Seattle and is the 16th largest credit union in the state of Washington. It is also the 364th largest credit union in the nation. It was established in 1948 and as of September of 2023, it had grown to 235 employees and 58,849 members at 5 locations. Salal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Salal Credit Union is open to anyone by being a member of the Salal Foundation or People’s Memorial Association ($50 lifetime membership). Membership is also open to those who live or work in the state of Washington and to those who live or work in the Oregon counties of Clackamas, Columbia, Deschutes, Douglas, Lane, Linn, Marion, Multnomah, or Washington.
See current membership details

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Health

Health Grade Components

Overall
NCUA #66349
Year Chartered1948
Employees235
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD9.23%
Annual Interest Income$43.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.25B$1.26B
LoansQ3 2023vs Q3 2022$1.03B$1B
DepositsQ3 2023vs Q3 2022$1.06B$966.9MM
Equity CapitalQ3 2023vs Q3 2022$84.1MM$78.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$9.5MM$11.7MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$1.4MM$620K
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates

Rates for Salal Credit Union are currently being reviewed.

Locations


Salal Credit Union Locations
Branch Office690 Strander BlvdTukwila, WA 98188
Branch Office10724 5th Ave NESeattle, WA 98125
Branch Office1320 Madison StSeattle, WA 98104-1315
Branch Office1048 116th Ave NEBellevue, WA 98004-4640
Corporate Office9706 4th Ave NE Ste 400Seattle, WA 98115-2199

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