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 1,931st largest credit union in the nation. It was established in 1964 and as of December of 2022, it had grown to 14 employees and 6,850 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 - YTD1.02%
Return on Equity - YTD14.53%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$90.6MM$93.8MM
LoansQ4 2022vs Q4 2021$51.9MM$47.2MM
DepositsQ4 2022vs Q4 2021$83.0MM$84.0MM
Equity CapitalQ4 2022vs Q4 2021$6.4MM$8.9MM
Loan Loss AllowanceQ4 2022vs Q4 2021$233.00K$212.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$161.00K$86.00K
Real Estate OwnedQ4 2022vs Q4 2021$0$0

Rates for Waterfront Federal Credit Union are currently being reviewed.


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

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