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 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

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Health

Health Grade Components

Overall
NCUA #66349
Year Chartered1948
Employees230
Primary Regulator
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD10.99%
Annual Interest Income$24.2MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$975.1MM$774.0MM
LoansQ3 2020vs Q3 2019$621.7MM$560.8MM
DepositsQ3 2020vs Q3 2019$849.1MM$678.0MM
Equity CapitalQ3 2020vs Q3 2019$75.3MM$66.1MM
Loan Loss AllowanceQ3 2020vs Q3 2019$8.7MM$7.9MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$379.00K$407.00K
Real Estate OwnedQ3 2020vs Q3 2019$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 98115-2199

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