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Washington State Employees Credit Union

Overview
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Washington State Employees Credit Union is a federally insured state credit union based in Olympia, Washington. It has been opened since 1957, for 63 years.

With around $2,971,350,000 in assets, Washington State Employees Credit Union is considered to be a very large credit union. It has 21 branches and 21 ATM locations.

About
Address Po Box Wsecu
Olympia, Washington 98507
Website https://wsecu.org
Phone (800) 562-0999
CEO Kevin Foster-Keddie
President of the Board Doug Mah
Services Offered
Map
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Score Card
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63 years
Years in business
Opened in 1957
Well Capitalized
Net worth classification
Source: NCUA
274,254 members
Membership type: State chartered natural person credit union
Above average number of members
441:1
Credit union member to staff ratio
441 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$2,971,353,783
Total assets
Above average
21 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
17.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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21 branches
Compared with an average of 4 nationally and 6 in Washington
Above average number of branches
Washington State Employees Credit Union Branch Locations

Washington State Employees Credit Union: Wsecu~Pullman Bishop
405 SE Bishop Boulevard
Pullman, Washington 99163
ATM Available
Washington State Employees Credit Union: Wsecu-Pullman Credit Unionb
1500 NE Terrell Mall
Washington State University
Pullman, Washington 99164
ATM Available
Washington State Employees Credit Union: Wsecu~Seattle University
1121 NE 45th Street Suite 100
Seattle, Washington 98105
ATM Available
Washington State Employees Credit Union: Wsecu~Spokane
2523 W. Northwest Boulevard
Spokane, Washington 99205
ATM Available
Washington State Employees Credit Union: Wsecu~Lakewood
9540 Bridgeport Way SW
Lakewood, Washington 98499
ATM Available
Washington State Employees Credit Union: Wsecu~Everett
404 128th Street SW
Everett, Washington 98204
ATM Available
Washington State Employees Credit Union: Wsecu~Chehalis
2015 NE Kresky Avenue
Chehalis, Washington 98532
ATM Available
Washington State Employees Credit Union: Wsecu~Medical Lake
205 E. Highway 902 # 205
Medical Lake, Washington 99022
ATM Available
Washington State Employees Credit Union: Wsecu-Ellensburg
604 E. University Way
Munson Hall
Ellensburg, Washington 98926
ATM Available
Washington State Employees Credit Union: Wsecu~Yakima
1400 Lakeside Court Suite 101
Yakima, Washington 98902
ATM Available
Washington State Employees Credit Union: Wsecu -Bellevue
155 108th Avenue NE Suite 100
Columbia West Building
Bellevue, Washington 98004
ATM Available
Washington State Employees Credit Union: Wsecu - Puyallup South Hill
17526 Meridian E. Suite C106
Puyallup, Washington 98375
ATM Available
Washington State Employees Credit Union: Wsecu~Tumwater Trosper
575 Trosper Road SW Suite 104
Tumwater, Washington 98512
ATM Available
Washington State Employees Credit Union: Wsecu-Seattle Fairview
1500 Fairview Avenue E. Suite 100
Seattle, Washington 98102
ATM Available
Washington State Employees Credit Union: Wsecu-Spokane Valley
12209 E. Mission Avenue Suite 1
Spokane Valley, Washington 99206
ATM Available
Members
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274,254 members
Membership type: State chartered natural person credit union
Above average number of members

With 274,254 members, the Washington State Employees Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 99% of credit unions.

Fees
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$168
Average fee per member
The average fee per member at the Washington State Employees Credit Union is $168, which is very high compared to most credit unions. This rate is higher than 98% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Washington State Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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441:1
Credit union member to staff ratio
441 per each FTE employee
Compared to 411:1 nationally
Fewer staff
622 staff members
FTE (full-time equivalent)
9% of employees are part-time
593 full-time, 57 part-time

Washington State Employees Credit Union has 593 full-time staff members and 57 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 91% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Washington State Employees Credit Union has around 441 members per staff, a higher ratio compared to other credit unions.

Assets
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$2,971,353,783
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.0%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$13,586
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 74% of credit unions.

Washington State Employees Credit Union holds a total of $2,448,390,000 in loans and leases, which is about $13,586 per member on average.

Savings interest rate
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Washington State Employees Credit Union pays 0.10%.

Loan rates
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17.25%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.75%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.84%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.60%
New car loan rate
Compared to 4.0% nationally
4.60%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.99%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.99%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
4.82%
Other real estate loan rates
Compared to 0.9% nationally