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Verity Credit Union


Overview / Commentary
www.veritycu.com
206-440-9000
11027 Meridian Ave N
Seattle, WA 98133

Verity Credit Union is headquartered in Seattle and is the 21st largest credit union in the state of Washington. It is also the 508th largest credit union in the nation. It was established in 1933 and as of December of 2021, it had grown to 158 employees and 38,690 members at 9 locations. Verity Credit Union has an A health rating.

Field of Membership Restrictions

Verity Credit Union offers membership to individuals who live, work, worship, or attend school anywhere in Washington state. Family members of an existing Verity member also qualify for membership, as do the members/employees of several Select Employee Groups.
See current membership details

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Reviews (3)

Great local credit union

Posted by: |

This is the third credit union I've been with and is definitely the best. They have really good interest rates on their checking accounts, if you use your debit card 12 times a month, that is competitive even with online only banks (right now it's 1.05%). I don't go into a branch very often but the times I have they have had good customer service. I also like that they have a coin counting machine in the branches that is free to use for members (which saves the fees you would otherwise pay with something like Coinstar). I don't pay any fees on the checking or savings accounts I have with them (including two for my kids).

1

I Love Verity Credit Union

Posted by: |

I love Verity Credit Union. I could get a slightly higher interest rate opening an account online with some nation-wide bank and never seeing a branch in person, but Verity's customer service is worth the slightly lower interest rate.

The first time I walked into a branch to make a deposit, I spent a long time looking for deposit slips to fill out. I finally went to the teller to ask for one, and he just replied "we don't use those" and proceeded to ask my name and take my deposit. No need to carry a card with my account number, or fill out useless paperwork. It's a great example of thinking out of the traditional brick and motor box to make the customer experience better.

Another similar experience was one time when I walked in to get coin rolls to roll up all my loose change before depositing it. He then pointed out a machine over in the corner where I can dump all of my loose change and it will automatically count it and deposit it into my account, with no fees. Once again I was surprised at the effort they put out to make my banking experience better.

I have never experienced such a nice bank before coming to Verity Credit Union, and it's made me a very loyal customer to them.

3

Disappointing And Frustrating

Posted by: |

Verity looked so good on paper, but in practice has been a nightmare.
The "Customer protection" that Verity uses is frustrating, the customer service has been frustrating or absent. This might be an OK institution for parking your money, or getting a loan, it is not useful as a primary debit account holder.
The only reason I still have money with them is their useless customer service, which makes it hard to get issues sorted to the point you can get away.

2


Health
A

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #68517
Year Chartered1933
Employees158
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD10.2%
Annual Interest Income$27.5MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$784.3MM$689.9MM
LoansQ4 2021vs Q4 2020$590.0MM$540.7MM
DepositsQ4 2021vs Q4 2020$703.5MM$619.5MM
Equity CapitalQ4 2021vs Q4 2020$68.0MM$62.0MM
Loan Loss AllowanceQ4 2021vs Q4 2020$6.0MM$6.2MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$2.3MM$2.3MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Verity 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.

Verity Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$20k*-Variable IRA Share Account
OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $20k
0.10%--Youth Savings
0.03%$5-Prime Shares Savings
0.03%$5-Business Savings
0.03%--Secondary Savings

Verity Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Community-Impact Money Market for Nonprofits Special - New Money
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $100k
0.15%*$100k*-Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $100k
0.15%*$100k*-Business Money Market
OTHER TIERS: 0.05% → Up to $10k | 0.10% → $10k - $100k

Verity Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$10kCartwheel Checking
OTHER TIERS: 0.03% → $10k+
0.10%--Youth Checking
0.05%--Business Interest Checking
0.05%--IOLTA Checking
0.05%--IRETA Checking

Verity Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$75k*-60 Month Share Certificate
OTHER TIERS: 0.70% → $1k - $25k | 0.80% → $25k - $75k
0.90%*$75k*-Business 60 Month Share Certificate
OTHER TIERS: 0.70% → $1k - $25k | 0.80% → $25k - $75k
0.65%*$75k*-36 Month Share Certificate
OTHER TIERS: 0.50% → $1k - $25k | 0.60% → $25k - $75k
0.65%*$75k*-Business 36 Month Share Certificate
OTHER TIERS: 0.50% → $1k - $25k | 0.60% → $25k - $75k
0.50%*$75k*-24 Month Share Certificate
OTHER TIERS: 0.30% → $1k - $25k | 0.40% → $25k - $75k
0.50%*$75k*-Business 24 Month Share Certificate
OTHER TIERS: 0.30% → $1k - $25k | 0.40% → $25k - $75k
0.50%$1k-24 Month Community-Impact Certificates for Nonprofits Special - New Money
0.45%*$75k*-12 Month Share Certificate
OTHER TIERS: 0.25% → $1k - $25k | 0.40% → $25k - $75k
0.45%*$75k*-Business 12 Month Share Certificate
OTHER TIERS: 0.25% → $1k - $25k | 0.40% → $25k - $75k
0.45%$1k-12 Month Community-Impact Certificates for Nonprofits Special - New Money
0.25%*$25k*-6 Month Share Certificate
OTHER TIERS: 0.20% → $1k - $25k
0.25%*$25k*-Business 6 Month Share Certificate
OTHER TIERS: 0.20% → $1k - $25k
0.20%-$1k12 Month Savers Certificate
0.15%$1k-90 Day Share Certificate
0.15%-$1k6 Month Savers Certificate
0.15%$1k-Business 90 Day Share Certificate

Verity Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$75k*-60 Month IRA Certificate
OTHER TIERS: 0.70% → $1k - $25k | 0.80% → $25k - $75k
0.65%*$75k*-36 Month IRA Certificate
OTHER TIERS: 0.50% → $1k - $25k | 0.60% → $25k - $75k
0.45%*$75k*-12 Month IRA Certificate
OTHER TIERS: 0.25% → $1k - $25k | 0.40% → $25k - $75k
0.45%*$75k*-18 Month IRA Certificate
OTHER TIERS: 0.30% → $1k - $25k | 0.40% → $25k - $75k
0.45%*$75k*-24 Month IRA Certificate
OTHER TIERS: 0.30% → $1k - $25k | 0.40% → $25k - $75k
Locations


Verity Credit Union Locations
Branch Office1660 S Columbian Way Bldg 35Seattle, WA 98108-1532
Branch Office11027 Meridian Ave N Ste 101Seattle, WA 98133
Branch Office1424 Outlet Collection Way SW Ste 200Auburn, WA 98001-6527
Branch Office4545 Stone Way NSeattle, WA 98103-6647
Branch Office11027 Meridian Ave NSeattle, WA 98133
Branch Office18530 33rd Ave WLynnwood, WA 98037
Branch Office8533 Greenwood Ave NSeattle, WA 98103
Branch Office5711 24th Ave NWSeattle, WA 98107
Branch Office4505 California Ave SWSeattle, WA 98116

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