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 377th largest credit union in the nation. It was established in 1948 and as of June of 2022, it had grown to 265 employees and 52,882 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 Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66349 |
| Year Chartered | 1948 |
| Employees | 265 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.63% |
| Return on Equity - YTD | 8.81% |
| Annual Interest Income | $18.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.14B$1.05B |
| Loans | Q2 2022vs Q2 2021 | $880.5MM$633.5MM |
| Deposits | Q2 2022vs Q2 2021 | $913.3MM$930.5MM |
| Equity Capital | Q2 2022vs Q2 2021 | $79.9MM$83.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $11.1MM$9.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $743.00K$296.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |