Salal Credit Union


Overview / Commentary
206-298-9394
9706 4Th Ave Ne Ste 400
Seattle, WA 98115

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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Health

Health Grade Components

Overall
NCUA #66349
Year Chartered1948
Employees174
Primary Regulator
Profit Margin
Return on Assets - YTD1.17%
Return on Equity - YTD12.22%
Annual Interest Income$16.3MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$664.1MM$594.7MM
LoansQ2 2019vs Q2 2018$551.0MM$434.4MM
DepositsQ2 2019vs Q2 2018$558.0MM$491.0MM
Equity CapitalQ2 2019vs Q2 2018$62.9MM$56.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$7.9MM$6.9MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$616.00K$404.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates

Rates for Salal Credit Union are currently being reviewed.

Locations


Salal Credit Union Locations
Branch Office310 Westlake Ave NSeattle, WA 98109
Branch Office690 Strander BlvdTukwila, WA 98188
Branch Office10724 5th Ave NESeattle, WA 98125
Branch Office1320 Madison StSeattle, WA 98104-1315
Branch Office1048 116th Ave NEBellevue, WA 98004-4640
Corporate Office9706 4th Ave NE Ste 400Seattle, WA 98115-2157

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