Seattle Credit Union

Overview / Commentary

www.seattlecu.com

206-398-5500

1521 1St Ave S Ste 500
Seattle, WA 98134

Seattle Credit Union is headquartered in Seattle and is the 17^th largest credit union in the state of Washington. It is also the 389^th largest credit union in the nation. It was established in 1933 and as of December of 2019, it had grown to 150 employees and 50,683 members at 7 locations. Seattle Credit Union's CD rates are 40% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Seattle Credit Union is open to anyone who lives in Washington State.
See current membership details

Reviews (2)

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Not Concerned With Member Financial Health

Posted by: skallshian | Sep 24, 2019

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.

Comment

Avoid This Credit Union

Posted by: anthony | Apr 23, 2012

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

Comment

Health

B+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #	68315
Year Chartered	1933
Employees	150
Primary Regulator

Profit Margin
Return on Assets - YTD	0.34%
Return on Equity - YTD	3.72%
Annual Interest Income	$32.2MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$831.5MM$855.5MM
Loans	Q4 2019vs Q4 2018	$626.2MM$655.7MM
Deposits	Q4 2019vs Q4 2018	$740.8MM$755.0MM
Equity Capital	Q4 2019vs Q4 2018	$76.4MM$72.2MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$3.9MM$3.6MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$2.0MM$2.6MM
Real Estate Owned	Q4 2019vs Q4 2018	$664.00K$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not Seattle Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Seattle Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	-	-	IRA Savings
0.10%	-	-	Membership Savings
0.10%	-	-	Business Membership Savings
0.10%	-	-	Business Subsidiary Savings
0.10%	-	-	Subsidiary Savings

Seattle Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$150k^*	-	Money Market
OTHER TIERS: 0.10% → Up to $1k \| 0.20% → $1k - $25k \| 0.35% → $25k - $50k \| 0.40% → $50k - $150k
0.50%^*	$150k^*	-	Business Money Market
OTHER TIERS: 0.10% → Up to $1k \| 0.20% → $1k - $25k \| 0.35% → $25k - $50k \| 0.40% → $50k - $150k

Seattle Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
6.14%^*	-	$500	Feel Good Checking
OTHER TIERS: 0.05% → $500+
4.06%^*	-	$500	Student Checking
OTHER TIERS: 0.05% → $500+
0.08%^*	$10k^*	-	High Yield Checking
OTHER TIERS: 0.05% → Up to $10k
0.05%	-	-	Classic Checking
0.05%	-	-	Small Business Checking
0.05%	-	-	Business Checking

Seattle Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	$1k	-	5 Year CD
2.02%	$1k	-	Business 5 Year CD
1.77%	$1k	-	4 Year CD
1.77%	$1k	-	Business 4 Year CD
1.71%	$1k	-	3 Year CD
1.71%	$1k	-	Business 3 Year CD
1.66%	$100k	-	30 Month Super Jumbo CD
1.66%	$100k	-	Business 30 Month Super Jumbo CD
1.61%	$1k	-	2 Year CD
1.61%	$1k	-	Business 2 Year CD
1.41%	$1k	-	18 Month CD
1.26%	$1k	-	Business 1 Year CD
1.26%	$1k	-	1 Year CD
1.26%	$1k	-	1 Year Community Development CD
0.75%	$50k	-	6 Month Jumbo CD
0.75%	$100k	-	6 Month Super Jumbo CD
0.75%	$50k	-	Business 6 Month Jumbo CD
0.75%	$100k	-	Business 6 Month Super Jumbo CD
0.70%	$1k	-	6 Month CD
0.70%	$1k	-	Business 6 Month CD
0.70%	$1k	-	9 Month Community Development CD
0.70%	$1k	-	6 Month Community Development CD
0.40%	$1k	-	3 Month CD
0.40%	$1k	-	3 Month Community Development CD

Seattle Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.17%	$1k	-	5 Year IRA
1.92%	$1k	-	4 Year IRA
1.82%	$1k	-	3 Year IRA
1.71%	$1k	-	2 Year IRA
1.61%	$1k	-	18 Month IRA
1.26%	$1k	-	1 Year IRA
0.70%	$1k	-	6 Month IRA

Locations

Seattle Credit Union Locations
Branch Office	500 S Michigan St	Seattle, WA 98108-3304
Main Office	1521 1st Ave S Ste 500	Seattle, WA 98134-1473
Branch Office	365 Kirkland Ave	Kirkland, WA 98033-6221
Branch Office	17250 Southcenter Pkwy Ste 132	Tukwila, WA 98188
Branch Office	3621 33rd Ave S Ste C1	Seattle, WA 98144-6962
Branch Office	3925 196th St SW Ste C	Lynnwood, WA 98036-5798
Branch Office	303 NE Thornton Place	Seattle, WA 98125

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