Salal Credit Union is headquartered in Seattle and is the 16th largest credit union in the state of Washington. It is also the 347th largest credit union in the nation. It was established in 1948 and as of December of 2022, it had grown to 260 employees and 57,052 members at 5 locations. Salal Credit Union's money market rates are 6X the national average, and it has a B+ health rating.
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
Overall | |
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NCUA # | 66349 |
Year Chartered | 1948 |
Employees | 260 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.49% |
Return on Equity - YTD | 7.85% |
Annual Interest Income | $43.5MM |
Assets and Liabilities | ||
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Assets | Q4 2022vs Q4 2021 | $1.28B$1.08B |
Loans | Q4 2022vs Q4 2021 | $1.05B$711.7MM |
Deposits | Q4 2022vs Q4 2021 | $1.03B$949.4MM |
Equity Capital | Q4 2022vs Q4 2021 | $78.9MM$85.9MM |
Loan Loss Allowance | Q4 2022vs Q4 2021 | $13.2MM$9.5MM |
Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $1.1MM$525.00K |
Real Estate Owned | Q4 2022vs Q4 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Salal Credit Union Locations | ||
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Branch Office | 690 Strander Blvd | Tukwila, WA 98188 |
Branch Office | 10724 5th Ave NE | Seattle, WA 98125 |
Branch Office | 1320 Madison St | Seattle, WA 98104-1315 |
Branch Office | 1048 116th Ave NE | Bellevue, WA 98004-4640 |
Corporate Office | 9706 4th Ave NE Ste 400 | Seattle, WA 98115-2199 |