WECU (Whatcom Educational Credit Union)
Overview / Commentary
WECU (Whatcom Educational Credit Union) is headquartered in Bellingham and is the 8th largest credit union in the state of Washington. It is also the 159th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 404 employees and 166,477 members at 12 locations. WECU (Whatcom Educational Credit Union) has an A+ health rating.
Field of Membership Restrictions
Membership in Whatcom Educational Credit Union is open to anyone who lives, works, or worships in the state of Washington and to the family of current members.
See current membership details
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 66373 |
| Year Chartered | 1936 |
| Employees | 404 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.38% |
| Return on Equity - YTD | 3.16% |
| Annual Interest Income | $36.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $3B$2.84B |
| Loans | Q1 2025vs Q1 2024 | $2.46B$2.13B |
| Deposits | Q1 2025vs Q1 2024 | $2.45B$2.3B |
| Equity Capital | Q1 2025vs Q1 2024 | $354.4MM$339.2MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $19.2MM$14.2MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $15.7MM$6.2MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
