Salal Credit Union


Overview / Commentary
206-298-9394
9706 4Th Ave Ne Ste 400
Seattle, WA 98115-2157

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

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Health
B+

Health Grade Components

Overall
NCUA #66349
Year Chartered1948
Employees265
Primary Regulator
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD8.81%
Annual Interest Income$18.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.14B$1.05B
LoansQ2 2022vs Q2 2021$880.5MM$633.5MM
DepositsQ2 2022vs Q2 2021$913.3MM$930.5MM
Equity CapitalQ2 2022vs Q2 2021$79.9MM$83.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$11.1MM$9.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$743.00K$296.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Salal Credit Union are currently being reviewed.

Locations


Salal Credit Union Locations
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 98115-2199

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