Salal Credit Union is headquartered in Seattle and is the 20th largest credit union in the state of Washington. It is also the 459th largest credit union in the nation. It was established in 1948 and as of June of 2019, it had grown to 174 employees and 42,150 members at 6 locations. Salal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to anyone through 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 Multnomah, Clackamas, Marion, Columbia, Douglas, Washington, Deschutes, Linn, and Lane counties in Oregon.
See current membership details
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Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66349 |
| Year Chartered | 1948 |
| Employees | 174 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.17% |
| Return on Equity - YTD | 12.22% |
| Annual Interest Income | $16.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $664.1MM$594.7MM |
| Loans | Q2 2019vs Q2 2018 | $551.0MM$434.4MM |
| Deposits | Q2 2019vs Q2 2018 | $558.0MM$491.0MM |
| Equity Capital | Q2 2019vs Q2 2018 | $62.9MM$56.2MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $7.9MM$6.9MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $616.00K$404.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $0$0 |
Rates for Salal Credit Union are currently being reviewed.
| Salal Credit Union Locations | ||
|---|---|---|
| Branch Office | 310 Westlake Ave N | Seattle, WA 98109 |
| 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 98115-2157 |