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Washington State Employees Credit Union

Popular Accounts at this Credit Union

1.77%5-year CD60 Months CD
0.46%1-year CD12 Months CD

Overview / Commentary

Washington State Employees Credit Union is headquartered in OLYMPIA and is the 2nd largest credit union in the state of Washington. It is also the 81st largest credit union in the nation. It was established in 1957 and as of June of 2017, it had grown to 549 employees and 259,362 members at 21 locations. Washington State Employees Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Washington State Employees Credit Union is open to anyone who lives, works, or worships in the state of Washington.
See current membership details

Reviews (5)

Excellence for state employees

Posted by: SavvyProf | Sep 24, 2015

I have been a member for nearly 20 years and cannot imagine changing financial institutions. Wash. State Employees Credit Union continues to offer excellent service and value. Their staff are courteous and always helpful. Fees are low, including their overdraft protection. I have taken out loans with them on numerous occasions and my main mortgage is with WSECU. We have a WSECU rewards visa card and the interest rate is low. I never feel railroaded or pressured to choose a product or service that will not be useful to me. There are other great perks. WSECU offers a free coin sorting machine and offers cashier's checks for free. They have a well staffed customer service line that is manned from 7 a.m. to 7 p.m. Monday through Friday and also open on Saturdays. I have had to call them from overseas while on vacation to troubleshoot (e.g. my credit card was blocked while I was in a foreign country). Their customer service team is always helpful and can resolve issues speedily. I give WSECU my highest endorsement.

WSECU - Chehalis WA office

Posted by: JergenK | Jun 21, 2014

Customer Service is wonderful. Employees know members by name. Always there to help and answer questions. Greats everyone as they come in. Easy access to the website. Transferring money and using on-line banking a plus. Great credit card services. They question some purchases to make sure the user is the owner of the card. The credit union is well planned out, and easy to use. There is even a coin machine that will add up all ones coins.

Great Customer Service

Posted by: Anonymous | Sep 5, 2012

We've banked with WSECU for 25-years, and they are the best bank we've dealt with. They are very professional and courteous and willing to do what they can to meet your needs. They are over and above other banks we've had accounts with, such as Bank of America, and Citibank. It's a world of difference. We would definitely recommend them if you're looking for a bank with real care and concern and they don't treat you like you're some customer that's one out of a million others that they could care less about.

Customer Service

Posted by: Anonymous | Sep 5, 2012

We've been customers for 25 years, and they are the best we've ever banked with. They just treat you well and remain professional and courteous whenever we have any needs. I would recommend them and it is a much better experience than other banks we've had dealings with such as Bank of America, Citi Bank, etc. A world of difference!

Great Service And Rates

Posted by: Anonymous | Jan 4, 2011

While the interest you earn on savings and checking accounts is typically low, the service is always fantastic and the fees are far below average for banks (the fees are probably average for Credit Unions, which is to say "very low").

WSECU doesn't have too many ATMs, but they are part of the Credit Union Co-Op, which gives you free usage of the ATMs at all 7-Eleven stores (so, probably 6,000 locations around the country) and shared branch banking with other credit unions: especially convenient for travelers, this gives you more flexibility than the largest private systems (BofA or Citibank, for example).

The international exchange rate is fantastic (1%) if you can find a partner bank system (5B in Central America, for example), though they don't advertise this benefit to members! And the rewards program, if you partake, offers a great value on exchange of points for prepaid credit cards.

Great customer service at the University district location in Seattle, though I miss the drive through, and at the Lake Union branch which responds quickly to lines by bringing more tellers up to the front.


Health Grade Components

NCUA #60042
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD0.62%
Return on Equity - YTD5.92%
Annual Interest Income$54.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$2.68B$2.50B
LoansQ2 2017vs Q2 2016$2.05B$1.87B
DepositsQ2 2017vs Q2 2016$2.36B$2.10B
Equity CapitalQ2 2017vs Q2 2016$279.9MM$264.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$27.8MM$24.9MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$10.7MM$12.0MM
Real Estate OwnedQ2 2017vs Q2 2016$167.00K$198.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Washington State Employees Credit Union Savings Account Rates

0.11%--IRA Savings
0.11%--Roth IRA Savings
0.11%--HSA Savings
0.11%--ESA Savings
0.11%--Minor Savings
0.11%--Prime Time Savings
0.11%--Business Savings

Washington State Employees Credit Union Money Market Rates

0.31%*$100k*-Performance Money Market
OTHER TIERS: 0.11% Up to $10k | 0.15% $10k - $25k | 0.21% $25k - $50k | 0.26% $50k - $100k
0.31%*$100k*-Business Performance Money Market
OTHER TIERS: 0.11% Up to $10k | 0.15% $10k - $25k | 0.21% $25k - $50k | 0.26% $50k - $100k

Washington State Employees Credit Union Checking Account Rates

0.11%--Money Mover II Checking
0.11%$2k-Interest Checking
0.11%$2k-Business Interest Checking

Washington State Employees Credit Union CD Rates

1.77%$1k-60 Months CD
1.77%$1k-84 Months CD
1.77%$1k-Business 60 Months CD
1.77%$1k-Business 84 Months CD
1.77%$100-JustU 60 Months CD
1.77%$100-JustU 84 Months CD
1.31%$1k-48 Months CD
1.31%$1k-Business 48 Months CD
1.31%$100-JustU 48 Months CD
1.06%$1k-18 Months CD
1.06%$1k-Business 18 Months CD
1.06%$100-JustU 18 Months CD
0.96%$1k-36 Months CD
0.96%$1k-Business 36 Months CD
0.96%$100-JustU 36 Months CD
0.66%$1k-24 Months CD
0.66%$1k-Business 24 Months CD
0.66%$100-JustU 24 Months CD
0.46%$1k-12 Months CD
0.46%$1k-Business 12 Months CD
0.46%$100-JustU 12 Months CD
0.26%$1k-6 Months CD
0.26%$1k-Business 6 Months CD
0.26%$100-JustU 6 Months CD

Washington State Employees Credit Union IRA Rates

1.87%$1k-60 Months IRA
1.87%$1k-84 Months IRA
1.42%$1k-48 Months IRA
1.11%$1k-18 Months IRA
1.06%$1k-36 Months IRA
0.71%$1k-24 Months IRA
0.51%$1k-12 Months IRA
0.26%$1k-6 Months IRA