Solarity Credit Union is headquartered in Yakima and is the 19th largest credit union in the state of Washington. It is also the 457th largest credit union in the nation. It was established in 1951 and as of June of 2020, it had grown to 150 employees and 58,755 members at 8 locations. Solarity Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership in Solarity Credit Union is open to those who live, work, worship, or attend school anywhere in the State of Washington. (Membership requirements are listed in the Credit Union's online application)
See current membership details
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I Love My Credit Union!!
This is the place to bank. I always go to the main branch and I'm greeted by this nice lady. Coffee is always available, excellent customer service, & even when the lines are long I don't have to wait very long. I've never banked at a place where they actually listen to your needs rather than just selling you products you don't really need.they listen to your needs and direct you to the right products. The merger has added more branches which I'm very excited about. I an proud to bank at Solarity Credit Union.
Solarity Credit Union
I am a member of Solarity CU because of the merger and a former long-time member and employee of Yakima Valley Credit Union. I left of my own accord prior to the current management and merger took place. To say that service has diminshed since the merger is putting it mildly. What used to be a friendly, family-like atmosphere has changed to a cold, it's-all-about-the-business tone. I understand change and welcome it when it's for the better, but this has not been for the better. I am a member of three other credit unions, and as soon as I can get my loans paid off at Solarity, I will be moving all of my accounts to one of them.
Things Have Changed And Not For The Better After This Merger
I have been a 25 yr loyal customer of the Yakima Valley Credit Union prior to its merger with the Yakima Catholic Credit Union which now both are known as Solarity Credit Union. For the most part I have had excellent customer service with the original Yakima Valley Credit Union. After the merger it has been a completely different experience. I voted for the merger when this issue came up and now I wish I would have voted against it. The branch I have banked at for over 25yrs has been closed and moved into the previous Catholic Credit Union building. The location is not far from the original building YVCU building but parking and access to this location is not as easy to get into as the now closed YVCU location. Things have changed and I don't like it at all. The quality of customer service has really diminished and the internet access software they adapted to from the Catholic Credit Union is not user friendly at all. I am now to the point to where I am opening 6 new accounts with the Calcoe Federal Credit Union in Yakima. This is going to be quite a difficult transition because of the number of accounts and sub accounts that I have had setup for years at the previous YVCU branch but for my own piece of mind I have to make this change. If I could only go back in time.... I would have lobbied hard against this merger. I sure miss the old YVCU.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68061 |
| Year Chartered | 1951 |
| Employees | 150 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.35% |
| Return on Equity - YTD | 2.33% |
| Annual Interest Income | $12.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $768.9MM$736.2MM |
| Loans | Q2 2020vs Q2 2019 | $423.8MM$537.4MM |
| Deposits | Q2 2020vs Q2 2019 | $607.2MM$562.5MM |
| Equity Capital | Q2 2020vs Q2 2019 | $113.2MM$105.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $3.2MM$3.2MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $1.2MM$2.5MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |