Seattle Credit Union is headquartered in Seattle and is the 18th largest credit union in the state of Washington. It is also the 386th largest credit union in the nation. It was established in 1933 and as of June of 2022, it had grown to 155 employees and 54,647 members at 10 locations. Seattle Credit Union has an A+ health rating.
Field of Membership Restrictions
Seattle Credit Union is open to anyone who lives in Washington State.
See current membership details
Not Concerned With Member Financial Health
We've been with SCU for many years now, but ultimately we are planning to switch to another institution. We are not satisfied with many of their practices, including withdrawal & deposit ordering, overdrafting, credit card policy, auto-pay systems, bill pay, and lack of technological advances including mobile wallet and fraud detection. Really in almost every area we've had an issue at some point.
Many of their policies seem fee-focused, and actually perpetuate debt instead of helping members out of it. We can't recommend SCU to anybody at this point.
Avoid This Credit Union
terrible--have great credit yet they treat me like I have terrible credit---they signed me up for overdraft protection and still charged me for NSF! On top of that they keep changing policies without notice.Closed acct and am happy with BECU
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68315 |
| Year Chartered | 1933 |
| Employees | 155 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.61% |
| Return on Equity - YTD | 5.6% |
| Annual Interest Income | $15.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $1.11B$1.01B |
| Loans | Q2 2022vs Q2 2021 | $800.5MM$695.4MM |
| Deposits | Q2 2022vs Q2 2021 | $972.8MM$916.1MM |
| Equity Capital | Q2 2022vs Q2 2021 | $118.6MM$80.4MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $5.4MM$5.3MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $2.1MM$1.8MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$675.00K |