BECU

BECU

Not-for-profit credit union offering banking services

About BECU

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

Industries

Financial Services

Education

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Tukwila, Washington

Founded

1935

Overview

BECU is a not-for-profit credit union that provides a range of financial services to its members, including checking and savings accounts, loans, mortgages, and financial education. Members can access their accounts online or through a mobile app, allowing for convenient banking from anywhere. BECU differentiates itself from traditional banks by focusing on member benefits, such as lower fees and better interest rates, rather than profit. The organization aims to promote financial literacy and success among its members, offering educational resources and events to help individuals manage their finances effectively.

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Simplify's Take

What believers are saying

  • BECU's EV test drive events align with the growing demand for electric vehicles.
  • The rise of community-focused banking supports BECU's local partnership initiatives.
  • Increased focus on financial literacy aligns with BECU's educational programs for youth.

What critics are saying

  • Digital-only banks and fintechs pose a threat with lower fees and advanced technology.
  • AI-driven customer expectations may challenge BECU if it doesn't invest in AI technologies.
  • Remote work trends could reduce the need for BECU's physical branch expansions.

What makes BECU unique

  • BECU offers Boeing-exclusive credit card designs, enhancing its appeal to Boeing employees.
  • The credit union emphasizes financial education, closing branches for student money management workshops.
  • BECU partners with AARP for financial education events, strengthening community engagement.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

401(k) Retirement Plan

Paid Vacation

Paid Holidays

Remote Work Options

Company News

BECU
Apr 18th, 2025
BECU Expands With New Location in White Center

BECU expands with new location in White Center.

GeekWire
Apr 16th, 2025
Geeks Give Back: These Community Builders Help Strengthen Seattle’S Tech Ecosystem

The 2025 GeekWire Awards Geeks Give Back honorees, from left: Chaitra Vedullapalli, Aviel Ginzburg and Emer Dooley.Being part of a community is what the GeekWire Awards are all about — the chance to come together to celebrate Pacific Northwest tech innovators and entrepreneurs and their successes over the past year.The honorees in the Geeks Give Back category are part of the reason there is a community, especially one that helps to make space for more people in tech, to help turn ideas into startups, and to continually work to strengthen the ecosystem that makes everything thrive.The recipients this year are Aviel Ginzburg, the entrepreneur and investor who is a general partner at VC firm Founder’s Co-Op and who helped create Foundations, a new community for tech founders in Seattle; Chaitra Vedullapalli, founder and president of Women in Cloud, which helps women-led businesses get resources to succeed in cloud computing; and Emer Dooley, site lead for the Creative Destruction Lab at the University of Washington, a nonprofit that runs startup accelerators across the world.The Geeks Give Back category is presented by BECU.The GeekWire Awards will recognize nearly 50 finalists and honorees across a dozen categories, from Startup of the Year to Next Tech Titan. Winners will receive their coveted robot trophies live onstage on April 30 at Showbox SoDO in Seattle. Individual tickets are now on sale. Grab a seat here!Keep reading to hear from this year’s Geeks Give Back honorees in their own words about how to build and sustain successful communities. Responses edited for brevity and clarity.FoundationsAviel Ginzburg. (Founders’ Co-op Photo). “From my perspective, you don’t build community, you nurture it

425 Business
Oct 23rd, 2024
BECU Promotes Bryan MacDonald to Executive Vice President, Chief Impact Officer

BECU promotes Bryan MacDonald to executive vice president, chief impact officer.

BECU
Aug 21st, 2024
Test Drive an EV on Sept. 28

That's why BECU has partnered with The Washington State Auto Dealers Association, and local franchised dealerships to offer you an exclusive EV test drive opportunity at our next EV Test Drive Event!

BECU
May 26th, 2024
Discounted Tickets to the Spokane Indians

BECU has once again partnered with the Spokane Indians to help members save on summer fun at the ballpark.

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