Waterfront Federal Credit Union

Overview / Commentary
6419 Fauntleroy Way Sw
Seattle, WA 98136

Waterfront Federal Credit Union is headquartered in Seattle and is the 47th largest credit union in the state of Washington. It is also the 1,910th largest credit union in the nation. It was established in 1964 and as of March of 2022, it had grown to 15 employees and 6,694 members at 1 location. Waterfront Federal 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. 

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 Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #16178
Year Chartered1964
Primary Regulator
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD14.94%
Annual Interest Income$708.00K
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$93.4MM$91.0MM
LoansQ1 2022vs Q1 2021$48.3MM$41.8MM
DepositsQ1 2022vs Q1 2021$84.9MM$81.8MM
Equity CapitalQ1 2022vs Q1 2021$7.6MM$8.5MM
Loan Loss AllowanceQ1 2022vs Q1 2021$217.00K$188.00K
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$110.00K$50.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
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Waterfront Federal Credit Union Savings Account Rates

0.10%$5-Set-it & Forget-it Savings
0.05%$5-Regular Share Account
0.05%$50-IRA Share Account
0.01%$5-Visa Pledge Account

Waterfront Federal Credit Union Checking Account Rates

0.02%$500-Share Draft Account

Waterfront Federal Credit Union CD Rates

0.50%$500-5 Year CD
0.30%$500-3 Year CD
0.20%$500-2 Year CD
0.10%$500-1 Year CD
0.08%$500-180 Day CD
0.05%$500-30 Day CD
0.05%$500-90 Day CD

Waterfront Federal Credit Union IRA Rates

0.50%$500-5 Year IRA
0.30%$500-3 Year IRA
0.20%$500-2 Year IRA
0.10%$500-1 Year IRA

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

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