Overview / Commentary
Salal Credit Union is headquartered in Seattle and is the 16th largest credit union in the state of Washington. It is also the 399th largest credit union in the nation. It was established in 1948 and as of September of 2024, it had grown to 236 employees and 58,881 members at 5 locations. Salal Credit Union has a B+ 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
Health
B+
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66349 |
| Year Chartered | 1948 |
| Employees | 236 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.09% |
| Return on Equity - YTD | 1.18% |
| Annual Interest Income | $43MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $1.15B$1.25B |
| Loans | Q3 2024vs Q3 2023 | $929.1MM$1.03B |
| Deposits | Q3 2024vs Q3 2023 | $1.01B$1.06B |
| Equity Capital | Q3 2024vs Q3 2023 | $92.2MM$84.1MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $9.9MM$9.5MM |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $3MM$1.4MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |