Waterfront Credit Union


Overview / Commentary
206-622-8415
6419 Fauntleroy Way Sw
Seattle, WA 98136

Waterfront Credit Union is headquartered in Seattle and is the 47th largest credit union in the state of Washington. It is also the 1,917th largest credit union in the nation. It was established in 1964 and as of December of 2023, it had grown to 15 employees and 6,819 members at 1 location. Waterfront Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to members of the International Longshoremen and Warehouse Union locals in the Puget Sound Council and related organizations.
See current membership details

Reviews (1)

Horrible Credit Union

Posted by: |

This credit union of 15 employees is horrible. They are small minded, do not see the bigger picture of things of life and do not care. I would highly recommend Prevail, or Boeing credit union, or White River. My experiences with them (and I am a highly credible human service professional) was very demoralizing. They really do not care about knowing the individual at all. Thank you. 



Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Waterfront Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #16178
Year Chartered1964
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD10.23%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$90.3MM$90.6MM
LoansQ4 2023vs Q4 2022$54.6MM$51.9MM
DepositsQ4 2023vs Q4 2022$81.2MM$83MM
Equity CapitalQ4 2023vs Q4 2022$8MM$6.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$190K$233K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$166K$161K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates

Rates for Waterfront Credit Union are currently being reviewed.

Locations


Waterfront Credit Union Locations
Corporate Office6419 Fauntleroy Way SWSeattle, WA 98136

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