Overview / Commentary
Waterfront Credit Union is headquartered in Seattle and is the 48th 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 March of 2025, it had grown to 14 employees and 6,690 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
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional 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 Chartered | 1964 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.16% |
| Return on Equity - YTD | 10.82% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $91.1MM$94.9MM |
| Loans | Q1 2025vs Q1 2024 | $52.9MM$53.8MM |
| Deposits | Q1 2025vs Q1 2024 | $80.7MM$80.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $9.8MM$8.1MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $183K$188K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $267K$257K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |