WSECU

WSECU

Member-owned financial cooperative serving public employees

Overview

WSECU is a not-for-profit financial cooperative serving Washington state public employees, school district personnel, and their families. It offers a full range of banking and financial services, including checking and savings, credit cards, mortgages, auto loans, investment services, and small-business solutions with transparent pricing. As a member-owned credit union, profits go back to members via lower loan rates, higher savings yields, and fewer fees, and it is expanding through a digital transformation to improve service delivery. Its goal is to provide affordable, member-focused financial services at scale while meeting regulatory requirements.

About WSECU

Simplify's Rating
Why WSECU is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Olympia, Washington

Founded

1957

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Simplify's Take

What believers are saying

  • March 2026 report opened Hawks Prairie and targets Factoria and Tacoma expansion in 2026.
  • July 2025 Black Dragon partnership pushes fintech scaling for credit-union technology.
  • WSECU's app offers biometrics, remote deposits, card locks, and loan payments.

What critics are saying

  • WSECU closed Tacoma's James Center branch in 2026, showing network rationalization pressure.
  • 2025 annual report shows loans fell to $3.94 billion from $4.14 billion year-over-year.
  • Chase, BECU, and digital fintechs can pull deposits and force merger talks by 2028.

What makes WSECU unique

  • July 22, 2026 Forbes ranked WSECU Washington's top credit union for six straight years.
  • WSECU serves 315,000 members and holds $5.4 billion across 25 branches and digital channels.
  • Founded in 1957, WSECU's member-owned model returns value through lower rates and fewer fees.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Company Match

Paid Volunteer Leave

Tuition Assistance

Employee Assistance Program

Employee Discounts

Company News

WSECU
Jul 22nd, 2026
WSECU named to Forbes Best-In-State 2026 list - press release.

WSECU named to Forbes Best-In-State 2026 list - press release. July 22, 2026 July 22, 2026 (Olympia, Wash.) - WSECU has been named a top credit union in Washington state on the Forbes Best-in-State Credit Unions list for 2026, the sixth consecutive year it has earned a place on the prestigious list. WSECU is the only credit union to land on the list of Washington's best credit unions for the last six consecutive years. "We set ourselves apart with great service and listening to members at every step of their financial journeys," said Ann Flannigan, VP of Public Relations at WSECU. "It's a true honor to be recognized by such a trusted source based on member feedback. Being the only Washington credit union on the list for the sixth year running is a tribute to the consistent care and commitment our employees bring to their jobs every day." Flannigan added that consumers have many exceptional credit union options across Washington for their banking and the Forbes list is a guide to find a not-for-profit cooperative in their community. The not-for-profit cooperative was recognized by its members and communities to earn a place on the list. Forbes and Statista Inc. identified Best-In-State Credit Unions 2026 based on an independent survey of approximately 26,000 US consumers who were asked how satisfied they were and how likely they were to recommend financial institutions they know from their own financial experiences and those of friends and family. Survey respondents were also asked to rate the financial institutions on factors including trust, customer service, digital tools, quality of financial advice given, and whether fees were transparent and reasonable. Statista also gathered more than 1.2 million publicly available reviews and ratings online about each financial institution between February 2023 and March 2026, accounting for 20% of the total scoring for each institution. Nationally, 246 credit unions were recognized in the list. WSECU will celebrate 69 years of helping members achieve greater financial wellness this July. Since its beginning in 1957, the credit union has grown to over $5.4 billion in assets and serves more than 315,000 members through its 25 branches, the Contact Center and digital channels.

Premier Media Group
Oct 24th, 2025
Salal Credit Union Announces New CEO

Salal Credit Union announces new CEO. * john stearns * 5 hrs ago. Salal Credit Union has named its next president and CEO, who will take over effective Jan. 1. Kevin Skinner was selected by the credit union's board of directors after a national search conducted in partnership with Smith & Wilkinson, the credit union announced today in a news release. Current CEO Russ Rosendal is retiring at year end after nearly 17 years with the credit union. Skinner will join Salal Dec. 1 to begin the leadership transition. Salal, based in Seattle, has branches in Bellevue and Tukwila, plus two in Seattle. As of June 30, it reported total assets approaching $1.2 billion, almost 61,000 members, and 227 full-time employees, according to the National Credit Union Administration. Skinner joins Salal from Washington State Employees Credit Union, where he served as vice president of retail lending, overseeing consumer- and residential-lending production, operations, credit risk, and product development. He has more than 25 years of experience in financial services, including leadership roles at Umpqua and HomeStreet banks, USAA, and Washington Mutual. At Umpqua, Skinner led the home-lending division, managing nearly 700 employees across a $7 billion annual business, a $5-billion portfolio of permanent and construction loans, and a $15-billion servicing operation. His career also has included strong advocacy for affordable housing and member-focused innovation, including service on the Freddie Mac Regional Lender Advisory Board, the Mortgage Bankers Association Secondary and Capital Markets Committee, and the ABA Mortgage Markets and Lending Technology Committee. He currently serves as treasurer of the board of delegates for Homestead Community Land Trust, which creates permanently affordable homeownership opportunities for low- to moderate-income households in King and Pierce counties, Salal's release said. "Kevin brings extensive experience leading large, complex financial organizations while maintaining a strong commitment to the cooperative values that define our credit union," Brian Luong, chair of Salal's board of directors, said in a statement. "His ability to build high-performing teams, drive innovation, and lead with purpose gives us great confidence in his capacity to build on Russ's legacy and guide Salal into its next era of growth and service." Skinner said he was honored to join the organization. "Salal's vision for sustainable growth, innovation, and expanding access to financial wellness aligns perfectly with my own values and experience," he said in the release. "I look forward to building on that success and continuing to expand the ways we serve our members and communities." Founded in 1948, Salal's name comes from the Salal plant, which the credit union's website said "is a tenacious and adaptable evergreen that thrives in challenging conditions" and has long been used by the Indigenous people of the Pacific Northwest for nourishment and healing.

Yahoo Finance
Jul 28th, 2025
Black Dragon Capital(SM) Enters Technology-Focused Strategic Partnership with WSECU

Black Dragon Capital(SM) enters technology-focused strategic partnership with WSECU.

Finovate
Apr 7th, 2025
WSECU Invests in AKUVO's $13M Expansion

Washington State Employees Credit Union (WSECU) has invested in AKUVO, adding to its previous $13 million funding. The investment will help AKUVO enhance its cloud-native collections and credit risk solutions for financial institutions. This move highlights the growing trend of modernizing collections technology amid economic uncertainty. WSECU's holding company, One Washington Financial, will join AKUVO's Advisory Board, signaling confidence in AKUVO's role in future collections and credit risk management.

PR Newswire
Oct 3rd, 2024
Evergreen Impact Housing Fund And Inland Group Announce Opening Of Spanaway Affordable Housing Apartments

Copper Way is now open to working families in Pierce County. SPANAWAY, Wash., Oct. 3, 2024 /PRNewswire/ -- The Evergreen Impact Housing Fund (EIHF) is pleased to announce the opening of its third project, Copper Way in Spanaway. The development brings more than 250 affordable housing units to the South Sound area, marking the completion of EIHF's first investment in Pierce County. Copper Way features 256 garden-style affordable units and prioritizes apartments for families. More than 80% of Copper Way's units have two or more bedrooms, including 80 three- and four-bedroom apartments built with families in mind

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