Overview / Commentary
Salal Credit Union is headquartered in Seattle and is the 17th largest credit union in the state of Washington. It is also the 376th largest credit union in the nation. It was established in 1948 and as of September of 2020, it had grown to 230 employees and 45,444 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
Health
A
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66349 |
| Year Chartered | 1948 |
| Employees | 230 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 10.99% |
| Annual Interest Income | $24.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $975.1MM$774.0MM |
| Loans | Q3 2020vs Q3 2019 | $621.7MM$560.8MM |
| Deposits | Q3 2020vs Q3 2019 | $849.1MM$678.0MM |
| Equity Capital | Q3 2020vs Q3 2019 | $75.3MM$66.1MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $8.7MM$7.9MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $379.00K$407.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $0$0 |