Washington

REGULATING AGENCY: Washington Department of Financial Institutions; Division of Credit Unions

Washington Capitol Building

ACCREDITED: 1999

LEAGUE: Northwest Credit Union Association

PRIVATE SHARE INSURANCE: No

STATS: (As of June 2021)

Total Number of Credit Unions: 80

  • TOTAL # SCUs: 150
  • TOTAL # FCUs: 30
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 63%

Total Assets: $79,017,437,491

  • TOTAL $ SCU ASSETS: $74,253,196,399
  • TOTAL $ FCU ASSETS: $4,764,241,092
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 94%

Total Members: 4,344,797

  • TOTAL Members SCUs: 4,044,753
  • TOTAL Members FCUs: 300,044
  • SCU % OF TOTAL (SCUS/STATE TOAL): 93%

FUN FACT: The world’s largest building by volume—Boeing’s final assembly factory in Everett—spans 98.3 acres and 472 million cubic feet. Seventy-five football fields could fit inside.


RECENT NEWS

DFI Receives High Marks in Accreditation Review from CSBS and NASCUS, Is Only Third Agency in Nation to Earn MSB Accreditation

August 11, 2021 — Conference of State Bank Supervisors and National Association of State Credit Union Supervisors rated DFI units highly after rigorous review of agency work in regulation, supervision, legislation and consumer outreach work
Olympia – The Washington State Department of Financial Institutions (DFI) recently received bank and mortgage re-accreditation from the Conference of State Bank Supervisors (CSBS), Credit Union re-accreditation from the National Association of State Credit Union Supervisors (NASCUS) and Money Services Businesses (MSB) accreditation from CSBS. Washington’s DFI is one of only three states to have received MSB accreditation.

“I’m extremely proud of our agency,” DFI Director Charlie Clark said. “I had no doubt we’d receive accreditation – the staff at DFI are experts in their fields and some of the most dedicated people I know. DFI’s stated vision is ‘Leading the way in consumer protection and financial services regulation’ and we do that. These reviews, re-accreditations and new MSB accreditation are a testament to that vision.”

READ MORE


STORY ARCHIVE:
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