Overview / Commentary
WCLA Credit Union is headquartered in Olympia and is the 38th largest credit union in the state of Washington. It is also the 1,583rd largest credit union in the nation. It was established in 1984 and as of March of 2025, it had grown to 10 employees and 1,372 members at 1 location. WCLA Credit Union has an A health rating.
Field of Membership Restrictions
WCLA Credit Union is open to employees and members of the Washington Contract Loggers Association and any member of the timber industry including lumberyards, mills, or suppliers.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68328 |
| Year Chartered | 1984 |
| Employees | 10 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.29% |
| Return on Equity - YTD | 7.7% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $134.2MM$121.6MM |
| Loans | Q1 2025vs Q1 2024 | $116.4MM$106.6MM |
| Deposits | Q1 2025vs Q1 2024 | $107MM$98.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $21.7MM$19.7MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $885K$715K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1.2MM$1MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |